Algorhythm Holdings Inc.(RIME)
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SemiCab’s AI Platform Shown to Handle 400% More Freight Volume Without Additional Staff
Globenewswire· 2026-02-12 14:15
Core Insights - Algorhythm Holdings' SemiCab platform enables customers to scale freight volumes by 300% to 400% without increasing operational headcount, showcasing significant productivity gains over traditional brokers [1][2] Group 1: Productivity Gains - The AI-driven Collaborative Transportation Platform allows individual operators to manage over 2,000 loads annually, compared to the traditional benchmark of approximately 500 loads per year per freight broker, resulting in a 4x improvement in workforce productivity [2][6] - SemiCab's technology automates network-level decision-making, enabling organizations to scale throughput without proportional increases in labor, infrastructure, or overhead [4][6] Group 2: Operational Efficiency - Traditional logistics operations rely heavily on manual workflows, which become inefficient as complexity increases; SemiCab's AI engine continuously learns and adjusts routing and capacity allocation in real time [3][5] - The platform supports improved margins and capital efficiency, allowing for lower costs per load and higher asset utilization as volumes grow [6][7] Group 3: Business Model and Expansion - SemiCab's model supports scalable growth with limited incremental fixed costs, reinforcing the company's asset-light, technology-driven business model [8] - The company plans to extend its AI-enabled operational leverage through its Apex SaaS platform in the U.S. and future international deployments, positioning itself for global expansion [9][10]
SemiCab's AI Platform Shown to Handle 400% More Freight Volume Without Additional Staff
Globenewswire· 2026-02-12 14:15
Core Insights - Algorhythm Holdings, Inc. has announced that its SemiCab platform enables customers to scale freight volumes by 300% to 400% without increasing operational headcount [1][2] - The AI-driven Collaborative Transportation Platform transforms freight management from a manual process to an automated system, allowing individual operators to manage over 2,000 loads annually, compared to the traditional benchmark of approximately 500 loads per year per freight broker, resulting in a 4x productivity improvement [2][6] AI-Enabled Productivity - SemiCab's technology automates network-level decision-making, allowing organizations to scale throughput without proportional increases in labor, infrastructure, or overhead [4][6] - The platform replaces traditional logistics operations that rely on manual workflows and fragmented systems, thus improving operational efficiency [3][5] Structural Advantages - Traditional transportation management systems become inefficient as complexity increases, while SemiCab's AI engine continuously learns from network activity, dynamically adjusting routing and capacity allocation in real time [5][6] - The platform supports improved margins and capital efficiency for customers, leading to lower costs per load, higher asset utilization, and reduced administrative overhead [7][8] Global Expansion Potential - Algorhythm believes that AI-enabled operational leverage will define next-generation logistics networks, with plans to extend the SemiCab model through its Apex SaaS platform in the U.S. and future international deployments [9][10] - The company aims to unlock new levels of productivity and profitability in the freight ecosystem by applying artificial intelligence at scale [10]
SemiCab Demonstrates More Than 70% Reduction in Empty Trucking Miles Across Live Freight Networks
Globenewswire· 2026-02-09 14:30
Core Insights - Algorhythm Holdings, Inc. has published a whitepaper demonstrating that its SemiCab platform can reduce empty freight miles by over 70% across active customer networks [1][3] - The global truckload transportation industry is valued at approximately $3 trillion annually, with inefficiencies leading to over $1 trillion lost each year due to empty miles [2] - Algorhythm estimates that, if deployed at scale, the SemiCab platform could eliminate up to $700 billion in global empty-mile waste [2] Industry Overview - The truckload transportation industry faces significant inefficiencies, with trucks driving empty nearly one out of every three miles [2] - In India, trucks run empty up to 40% of the time, which is significantly higher than the global average of 30-35%, contributing to elevated logistics costs and excessive fuel consumption [3] - Truck utilization in India is nearly 40% lower than in countries like the U.S. and China, indicating a need for improved logistics solutions [3] Company Technology and Impact - SemiCab's AI-driven Collaborative Transportation Platform addresses structural inefficiencies by enabling network-level planning and real-time load coordination [3][4] - The platform has demonstrated the ability to reduce empty-mile rates to below 10% in certain deployments, showcasing its effectiveness in lowering costs and increasing asset utilization [3][4] - The technology operates at the network level, pooling demand and supply across shippers, regions, and timeframes, which allows for structural efficiency improvements rather than temporary gains [7] Proven Results and Future Plans - Through live deployments in India, SemiCab's system-level planning model has enabled customers to achieve significant performance gains, which compound as network participation increases [5] - The company is extending its operating model to the United States with the Apex SaaS platform, aiming for asset-light recurring revenues and high profit margins [10] - The goal is to predict and optimize millions of load movements across hundreds of thousands of trucks worldwide, enhancing supply chain resilience and reducing emissions [11]
Forbes Features SemiCab's AI Platform as Key to Reducing Hidden Costs in Food Supply Chains
Globenewswire· 2026-02-02 14:15
Core Insights - Algorhythm Holdings, Inc. and its SemiCab platform were featured in Forbes, highlighting the inefficiencies in freight logistics and their impact on food costs and global supply chain economics [1][2] Industry Overview - Approximately one-third of global freight miles are driven empty, resulting in nearly 33% systemic waste in food distribution networks, similar to airlines operating one out of every three flights without passengers [2][3] - Transportation is crucial for food distribution, with freight trucks moving the majority of agricultural goods and significantly influencing retail food prices [4] Company Insights - Algorhythm's CEO, Gary Atkinson, emphasized that over one in three freight trucks worldwide run empty after deliveries, contributing to higher transportation costs reflected in food prices [3][4] - SemiCab's AI-driven platform aims to reduce waste and improve efficiency in logistics, addressing rising fuel, labor, and sustainability demands [4][5] - The platform treats freight transport as a continuous network, optimizing millions of freight loads and reducing empty miles, which can lead to lower food prices for consumers [5][6] Technological Impact - The Forbes article highlights SemiCab's cloud-based Collaborative Transportation Platform as a solution to freight inefficiency, leveraging AI to enhance logistics and distribution networks [5][6] - Advanced logistics enabled by AI platforms like SemiCab have the potential to significantly reduce food prices for billions of consumers globally [6]
Forbes Features SemiCab’s AI Platform as Key to Reducing Hidden Costs in Food Supply Chains
Globenewswire· 2026-02-02 14:15
Core Insights - Algorhythm Holdings, Inc. and its SemiCab platform were highlighted in a Forbes article discussing freight inefficiency and its effects on food costs and global supply chain economics [1][2] Industry Insights - Approximately one-third of global freight miles are driven empty, resulting in nearly 33% systemic waste in food distribution networks, similar to airlines operating one out of every three flights without passengers [2][3] - The inefficiency of empty freight trucks contributes significantly to transportation costs, which are ultimately reflected in food prices [3][4] - Transportation is crucial for food distribution, with freight trucks moving the majority of agricultural goods and impacting retail food prices [4] Company Insights - SemiCab's AI-driven platform aims to reduce waste and improve efficiency in logistics, addressing the hidden costs associated with empty miles in global supply chains [4][5] - The platform treats freight transport as a continuous network, optimizing millions of freight loads across a vast truck network to reduce empty miles [5] - Algorhythm Holdings focuses on the growth of SemiCab, which has enabled major retailers and transportation providers to tackle common supply chain issues since 2020 [6]
SemiCab to Exhibit at LINK 2026 by RILA
Globenewswire· 2026-01-29 14:15
Core Insights - Algorhythm Holdings, Inc. will showcase its APEX AI SaaS solution at the Link 2026: The Retail Supply Chain Conference, a premier event for retail logistics in the US [1][2] Company Overview - Algorhythm Holdings is a leading AI technology company focused on the development of SemiCab, which addresses supply chain challenges for major retailers and transportation providers globally [5] - SemiCab's AI-enabled Collaborative Transportation Platform optimizes logistics by predicting and managing millions of loads and hundreds of thousands of trucks [5] Industry Context - The U.S. full-truckload market is valued at over $450 billion annually for 2025 and is projected to grow to $535 billion by 2030 [4] - An estimated $150 billion was lost to empty miles in 2025, highlighting inefficiencies in the logistics sector [4] Product Features - SemiCab Apex is designed to integrate seamlessly with existing transportation management systems (TMS) and enhance logistics operations for 3PLs and enterprise shippers [3][7] - The platform allows for the creation of multi-party freight networks, reducing empty miles and unlocking shared efficiencies [7] - Predictive analytics and benchmarking capabilities are included to identify cost savings and improve yield per lane [7]
SemiCab Secures First Contract Expansion of 2026 with Unilever India
Globenewswire· 2026-01-21 14:15
Core Insights - Algorhythm Holdings, Inc. announced a $1.6 million contract expansion with Hindustan Unilever, Ltd. (HUL), marking a significant increase in business for SemiCab, a subsidiary focused on logistics and distribution [1][2] Group 1: Contract Details - The new contract represents a more than 10x increase in value compared to the previous pilot program [2] - The contract provides SemiCab with strategic geographic synergies in the Southern Corridor of Bangalore, where it holds a dominant market share [2] Group 2: Strategic Implications - The additional volume from HUL is expected to enhance SemiCab's freight network, minimizing empty mileage and improving fleet utilization [2][3] - The CEO of SemiCab emphasized that the contract aligns with their growth strategy for 2026, focusing on improved network optimization and lane density [3] Group 3: Company Overview - Algorhythm Holdings, through SemiCab, utilizes AI technology to address supply chain challenges, enabling collaboration among manufacturers, retailers, and carriers [4] - SemiCab's platform leverages real-time data and predictive optimization models to enhance logistics efficiency, allowing shippers to reduce costs while increasing carrier earnings [4]
SemiCab Exits 2025 With Record $10 Million Annualized Revenue Run Rate
Globenewswire· 2026-01-14 14:15
Company Performance - Algorhythm Holdings achieved a record annualized revenue run rate (ARR) of $9.7 million in December 2025, marking a 300% increase from $2.5 million ARR at the end of 2024 [1] - The company experienced nearly 300% growth in annualized sales during 2025, expanding its client base and market presence [3] Market Opportunity - Algorhythm's SemiCab platform addresses significant inefficiencies in global logistics, specifically the hundreds of billions of empty truck miles driven annually, which represents a major cost issue in the industry [3] - The total addressable market for SemiCab is substantial, with the Indian National Digital Freight Exchange (NDFE) ecosystem presenting an aggregate contract opportunity of approximately $1.4 billion annually, of which SemiCab has only penetrated just over 1% [5] Client and Contract Expansion - In 2025, SemiCab secured five new contracts with major multinational fast-moving consumer goods companies in India and received seven contract expansions for increased lanes and trip volume [2] - Existing clients in Indian metropolitan regions collectively award over $250 million in annual freight contracts, with SemiCab currently holding $15 million of this amount, representing 6% of the market opportunity [5] Industry Insights - The global truckload transportation industry is estimated to be around $3 trillion annually, with trucks driving empty one out of every three miles, leading to over 400 billion empty miles each year [5] - These inefficiencies result in more than $1 trillion in avoidable freight spending, highlighting a significant opportunity for AI-driven optimization solutions like SemiCab [5]
Algorhythm Holdings Announces Major SemiCab Contract Expansion with Apollo Tyres
Globenewswire· 2026-01-06 14:15
Core Insights - SemiCab has expanded its Master Services Agreement with Apollo Tyres, which is the second largest tire manufacturer in India, potentially generating up to $2.5 million in annual revenue for SemiCab [1][2]. Company Overview - Algorhythm Holdings, Inc. is a leading AI technology company focused on the development of SemiCab, which addresses supply-chain challenges globally since 2020 [5]. - SemiCab's AI-enabled, cloud-based Collaborative Transportation Platform aims to optimize logistics by reducing service costs and improving delivery accuracy [3]. Partnership Details - The expanded agreement allows SemiCab to provide managed transportation services along 20 densely populated lanes in India, increasing the frequency of loads shipped [2]. - The partnership with Apollo Tyres is expected to drive significant cost efficiencies and performance improvements for both companies [4]. Technology and Innovation - SemiCab's platform enhances visibility in the transportation network through live tracking and real-time collaboration opportunities between shippers and transporters [3]. - The platform integrates with existing Transportation Management Systems (TMS) for automated processes, utilizing AI/ML predictions for optimizing logistics [5].
Algorhythm Holdings Recaps Transformational 2025 Marked by Key Customer Wins, Major Contract Expansions and Strong Revenue Growth
Globenewswire· 2025-12-22 14:30
Core Insights - Algorhythm Holdings, Inc. is experiencing significant growth driven by its AI logistics platform, SemiCab, which has seen a 10x increase in contracted freight volume and successful launch of the Apex SaaS platform [1][9] Financial Achievements - SemiCab's annualized revenue run-rate (ARR) increased by 220% from $2.5 million in January to over $8 million by year-end, with a forward-looking ARR of $15 million based on current contracts and expansions [6][10] Contract Wins and Expansions - In 2025, SemiCab secured five new contracts with major multinational fast-moving consumer goods (FMCG) companies in India and achieved contract expansions ranging from 100% to 600% in trip volume [4][7] - Notable contract expansions include a $6 million deal with Asian Paints, increasing active lanes from 25 to 183, marking the largest contract in SemiCab's history [7][8] Business Highlights - The year 2025 was transformative for Algorhythm, marked by the divestiture of its Singing Machine business and a strategic focus on AI logistics, enhancing its position in the market [5][12] - The company appointed new executives to drive its SaaS strategy and brand development, further solidifying its growth trajectory [12] Outlook for 2026 - Algorhythm is poised for continued growth in 2026, leveraging its expanding customer base and the new Apex SaaS platform to enhance margins and scalability [9][10] - The company anticipates strong revenue growth driven by new enterprise pilots and additional contract expansions with existing customers [9][10]