JACKSONVILLE, FL - Investing in yourself is important, but investing in others can lead to great advancements. Take it from Crowley, a global transportation and logistics provider that has announced a venture investment in REPOWR, a logistics technology start-up that is bringing a technology platform for equipment and asset usage and sharing to the supply chain industry.
"We are excited to partner with REPOWR to integrate our asset network with others on the platform to create sustainable solutions for our customers, said Tom Crowley, Crowley Chairman and Chief Executive Officer. "Our investment in REPOWR advances Crowley’s commitment to sustainability and further solidifies innovation as part of our strategic growth. This collaboration is a significant step toward the future of sustainable and efficient logistics.”
Through this partnership, the companies will advance sustainable solutions for supply chain management for a wider market, according to a release. REPOWR’s collaborative asset-sharing platform connects logistics companies with more data and analytics to reduce underutilized assets.
REPOWR’s Universal Trailer Network and platform have gained significant traction in domestic trucking. With the company’s strategy, even greater network effects will be achieved as the platform is applied to other modes of transportation.
Crowley will enable REPOWR to accelerate the expansion and diversification of its asset-sharing model, giving international logistics businesses the ability to share information with the same level of ease and efficiency as their domestic counterparts. The partnership also enables Crowley to explore new network opportunities by leveraging REPOWR's platform and expertise.
"As a young company, we are thrilled to partner with a company that has led our industry with such impressive class and innovation for well over a century," said Patrick Visintainer, CEO of REPOWR. “Our early success with Crowley is a wonderful springboard to further network optimization, and we look forward to helping them and other companies with whom they network with on the REPOWR platform to realize maximum asset utilization."
The companies recently completed a successful pilot where Crowley leveraged the REPOWR platform to rebalance chassis pools across its network while generating revenue and strengthening relationships with existing carrier partners.
How will this partnership affect supply chain efficiency moving forward? Only time and AndNowUKnow will tell, so keep reading.
