Jun. 24 at 9:45 PM
Algorhythm Holdings, Inc. (Nasdaq:
$RIME ) CEO Gary Atkinson explains how SemiCab’s AI targets the empty miles that waste an estimated
$1 trillion across global trucking each year.
In an interview with financial journalist Jane King, CEO Gary Atkinson laid out why empty miles rank among the largest structural inefficiencies in global freight. One out of every three miles a truck drives runs empty, and Algorhythm Holdings, Inc. (Nasdaq: RIME) has built its business around closing that gap.
Algorhythm Holdings is a B2i Digital Featured Company. See the full profile: https://b2idigital.com/algorhythm-holdings-1
“Today, one out of every three miles that a truck drives is being driven empty. The global trucking industry is about a
$3 trillion a year industry, and we estimate that roughly
$1 trillion every single year globally is being wasted in the form of these empty miles.”
In the full interview, Atkinson also discussed:
• How SemiCab reframes freight from a series of one-off, independent transactions into a continuous chain of linked movements optimized by AI across many shippers
• Why the freight industry has been slow to modernize, and why he believes it is at the start of a fundamental step change
• Why Algorhythm is agnostic to whether loads move on human-driven or autonomous trucks, positioning SemiCab as a software layer above the fleet
Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of its SemiCab platform. Since 2020, SemiCab has enabled major retailers, brands, and transportation providers to address supply-chain challenges through its AI-enabled, cloud-based Collaborative Transportation Platform. The company is led by Gary Atkinson, CEO, and Alex Andre, CFO. SemiCab is led by Ajesh Kapoor, CEO, and Vivek Sehgal, CPO. Learn more at https://algoholdings.com and about other B2i Digital Featured Companies at https://b2idigital.com/featured-companies.
Discover more emerging growth Featured Companies, industry-leading Featured Experts, and upcoming Featured Conferences at https://b2idigital.com.
Disclosure: David Shapiro, Chief Executive Officer of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted RIME stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. See the complete Disclosure at https://b2idigital.com/disclaimer. B2i Digital is not a broker-dealer or investment adviser. This post is informational and not an offer or solicitation regarding any security.
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