Algorhythm Holdings, Inc. published a whitepaper showcasing their SemiCab platform, which reduces empty freight miles by over 70% for customers. The global truckload transportation industry is valued at around $3 trillion annually, with $1 trillion lost due to inefficiency caused by trucks driving empty nearly one out of every three miles. In India, a report found that trucks run empty up to 40% of the time, contributing to high logistics costs. SemiCab’s AI-driven platform aims to reduce empty miles to below 10% and improve asset utilization, lowering costs and advancing sustainable freight practices.

Through live deployments in India, SemiCab’s system-level planning has helped increase loaded-mile utilization to over 90% and reduce empty miles to below 10%. This has led to improved delivery reliability, lower transportation costs, and stabilized carrier earnings. The company’s technology operates at the network level, pooling demand and supply to identify structural efficiency improvements, unlike traditional optimization systems.

SemiCab is expanding its impact globally, with plans to penetrate the U.S. market through the Apex SaaS platform. The platform aims to optimize load movements across trucks worldwide, predicting millions of loads and improving logistics efficiency. By eliminating empty miles, SemiCab is reshaping how freight networks operate and compete on a global scale, generating significant savings and reducing emissions.

Algorhythm Holdings is a leading AI technology company focused on developing SemiCab, a cloud-based Collaborative Transportation Platform for the logistics and distribution industry. The platform aims to optimize load movements, reduce empty miles, and improve supply chain efficiency on a global scale. Investors interested in Algorhythm Holdings can contact Brendan Hopkins at [email protected] for more information.

Read more at GlobeNewswire: SemiCab Demonstrates More Than 70% Reduction in Empty