34 C
Vientiane
Thursday, May 8, 2025
spot_img
Home Blog Page 557

ATRenew to Report Fourth Quarter and Full Year 2024 Financial Results on March 11, 2025

SHANGHAI, Feb. 25, 2025 /PRNewswire/ — ATRenew Inc. (“ATRenew” or the “Company”) (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced that it plans to release its unaudited financial results for the fourth quarter and full year of 2024 before the U.S. market opens on Tuesday, March 11, 2025.

The Company’s management will hold an earnings conference call at 08:00 A.M. Eastern Time on Tuesday, March 11, 2025 (08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Mainland China Toll Free:   

4001-206115

Hong Kong Toll Free:      

800-963976

Access Code:  

9144093

The replay will be accessible through March 18, 2025 by dialing the following numbers:

International:   

1-412-317-0088

United States Toll Free:  

1-877-344-7529

Replay Access Code:        

8983077

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.atrenew.com.

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew’s open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China’s pre-owned consumer electronics industry. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew’s strategies; ATRenew’s future business development, financial condition and results of operations; ATRenew’s ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew’s filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

In China:
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com 

In the United States:
ICR LLC.
Email: atrenew@icrinc.com
Tel: +1-212-537-0461

ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

  • 6.3% Increase in Full Year 2024 Revenue Compared to Prior Year
  • 13.0% Full Year 2024 Gross Margin Compared to 16.6% in 2023
  • Full Year 2024 Net Earnings of NT$1.95 per Basic Common Share or US$1.19 per Basic ADS Compared to Net Earnings of NT$2.60 per Basic Common Share or US$1.59 per Basic ADS for the Full Year 2023
  • Strong Financial Position and Liquidity with NT$15,219.0 Million or US$464.1 Million Balance of Cash and Cash Equivalents
  • Dividend of NT$1.2 per Common Share Authorized by Board Pending Shareholder Approval at May 2025 AGM
  • NT$350 Million Share Repurchase Program Announced

HSINCHU, Feb. 25, 2025 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported consolidated financial results for the fourth quarter and the full year ended December 31, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.79 against US$1.00 as of December 31, 2024.

All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“Taiwan-IFRS”).

Revenue for the fourth quarter of 2024 was NT$5,399.6 million or US$164.7 million, a decrease of 11.0% from NT$6,068.0 million or US$185.1 million in the third quarter of 2024 and a decrease of 5.7% from NT$5,725.4 million or US$174.6 million for the same period in 2023. Revenue for the fiscal year ended December 31, 2024 was NT$22,695.9 million or US$692.2 million, an increase of 6.3% from NT$21,356.2 million or US$651.3 million for the fiscal year ended December 31, 2023.

Net non-operating income in the fourth quarter of 2024 was NT$154.6 million or US$4.7 million, compared to net non-operating expenses of NT$65.3 million or US$2.0 million in the third quarter of 2024, and net non-operating expenses of NT$137.0 million or US$4.2 million in the fourth quarter of 2023. Net non-operating income of the Company for the fiscal year ended December 31, 2024 was NT$373.1 million or US$11.4 million, compared to NT$359.8 million or US$11.0 million for the fiscal year ended December 31, 2023.

Net profit attributable to equity holders of the Company for the fourth quarter of 2024 was NT$232.2 million or US$7.1 million, and NT$0.32 or US$0.01 per basic common share, as compared to NT$299.4 million or US$9.1 million, and NT$0.41 or US$0.01 per basic common share in the third quarter of 2024. This compares to NT$482.0 million or US$14.7 million, and NT$0.66 or US$0.02 per basic common share in the fourth quarter of 2023.  Net earnings for the fourth quarter of 2024 were US$0.19 per basic ADS, compared to US$0.25 per basic ADS for the third quarter of 2024 and US$0.40 per basic ADS in the fourth quarter of 2023.

Net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2024 was NT$1,420.0 million or US$43.3 million, and NT$1.95 or US$0.06 per basic common share, compared to net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2023 was NT$1,893.4 million or US$57.7 million, and NT$2.60 or US$0.08 per basic common share. Net earnings for the fiscal year ended December 31, 2024 were US$1.19 per basic ADS, compared to US$1.59 per basic ADS for the fiscal year ended December 31, 2023.

Net free cash outflow for the fiscal year ended December 31, 2024 was NT$938.3 million or US$28.6 million, primarily in support of capacity additions in the Company’s long-term growth segments, with a strong balance of cash and cash equivalents was NT$15,219.0 million or US$464.1 million.

Fourth Quarter and Full Year 2024 Investor Conference Call / Webcast Details
Date: Tuesday, February 25, 2025
Time: 3:00PM Taiwan (2:00AM New York)
Dial-In: +886-2-33961191
Password: 3119025 #
Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts approximately 2 hours after the live call ends
Language: Mandarin

Note: A transcript will be provided on the Company’s website in English following the conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements 
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com 

“The Future of Travel”: Trip.com Group to Showcase Next-Gen Tech at ITB Berlin 2025

  • Trip.com Group to launch joint Technology Game Changers: Future Trends in Travel & Tourism report at ITB Berlin Press Conference
  • Diverse leadership panels to explore tech trends shaping the future and AI as a driver for personalisation and experiences

BERLIN, Feb. 25, 2025 /PRNewswire/ — At this year’s ITB Berlin 2025, Trip.com Group will unpack the emerging technologies shaping the future of travel, such as AI-driven personalisation and next-generation tech. In its biggest showing yet, the company will highlight the evolving digital landscape across the industry.

Through keynote presentations and expert panels, senior leaders from across the business will spotlight how technology has transformed travel — today and in the future.


Mr Boon Sian Chai, Managing Director and Vice President of International Markets at Trip.com Group, will join Julia Simpson, President & CEO of the World Travel & Tourism Council (WTTC), to launch a strategic analysis of key emerging and breakthrough technologies from its Technology Game Changers report. The launch event will examine emerging innovations across four key areas, and is a strategic resource for business leaders and stakeholders looking to navigate the complexities of a rapidly transforming digital environment. Technology Game Changers: Future Trends in Travel & Tourism Press Conference 5 March 2025, 10:15 (CET), Hall 5.3 Presentation Hub.

Mr Schubert Lou, COO of Trip.com, will join an exclusive panel to discuss how Trip.com leverages AI-driven personalisation to enhance the customer experience and drive loyalty. Mr Lou will further explore the key innovations reshaping industry dynamics while offering insights and strategies to stay ahead in the competitive landscape. Executive Forecast: The Tech Trends Shaping Travel’s Future 4 March 2025, 11:00 (CET), at Hall 6.1 eTravel Stage.

Mr Andy Washington, General Manager of Trip.com Group Europe, will join an exciting panel exploring how technology drives personalised travel experiences. The session will review the challenges of balancing mass production with individualisation and how AI shapes hyper-personalised travel planning. The discussion will highlight how Trip.com Group successfully integrates tailored experiences, not just for individual travellers but also within complex package and group travel structures, ensuring both efficiency and profitability. Technology as a Driver of Individualized Travel Experiences 4 March 2025, 16:15 (CET), at Hall 7.1b Blue Stage.

Visitors to this year’s event can connect with Trip.com Group at its trade fair booth, located at Hall 9, Stand 121. Representatives from across its business will be present, including teams from Flights, Stays, Attractions and Tours, Transportation, Vacations and Destination Marketing.

Strategic Partnerships & Strong European Growth

Trip.com Group reinforces its commitment to the European market, and is keen to strengthen its partnerships, such as its Memorandum of Understanding (MOU) signing with the German National Tourism Board. This collaboration underscores the Group’s dedication to building a strong presence in Germany, aligning with its strategic expansion across Europe.

Trip.com Group is poised to enhance its role in the region’s travel ecosystem following its recent office locations in Paris and Istanbul, with other offices in London, Edinburgh, Frankfurt, Rome and Barcelona. The Group’s European footprint continues to expand, with strong regional growth indicators.

Trip.com Group recently reported its latest figures, highlighting air ticket and hotel bookings on its international OTA platform increased by over 70% year-over-year. Furthermore, German travel bookings specifically grew by almost 60% year-over-year.

“We are confident about strong growth in our international business and increasing progress made in the European travel landscape,” said Mr Washington.

“The European market is significantly shifting towards more personalised travel experiences. To cater to this, Trip.com Group will continue to innovate our technology capabilities so that we can anticipate customer needs and create tailored journeys that enhance the travel experience. “

As the travel industry accelerates its digital shift, Trip.com Group remains at the forefront of innovation, leveraging technology to improve customer service, streamline operations, and drive growth in the global travel industry.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

Follow us on: X, Facebook, LinkedIn, and YouTube.

Ericsson announces changes to the Executive Team and to the Market Area structure

  • Per Narvinger, currently Head of Business Area Cloud Software and Services, is appointed Executive Vice President and new Head of Business Area Networks as of March 15, 2025
  • Jenny Lindqvist, currently Head of Market Area Europe & Latin America, is appointed new Head of Business Area Cloud Software and Services as of March 15, 2025
  • Creation of two new Market Areas – Market Area Americas headed by Yossi Cohen and Market Area Europe, Middle East and Africa, headed by Patrick Johansson
  • Fredrik Jejdling, currently Head of Business Area Networks, will step down from his position on March 15, 2025, and leave Ericsson on June 30, 2025

STOCKHOLM, Feb. 25, 2025 /PRNewswire/ — Ericsson (NASDAQ: ERIC) today announces changes to its Executive Team and to its global operating structure. Ericsson has decided to consolidate its regional structure, organizing the market areas in a more efficient way.

Ericsson today also announces that Per Narvinger, who has headed Cloud Software and Services since 2022, has been appointed Executive Vice President and to head up Ericsson’s Business Area Networks. Per Narvinger has been with Ericsson since 1997 in a range of global roles, joining the Executive Team in 2022.

Jenny Lindqvist, who currently runs Ericsson’s Europe and Latin America business, will replace Per Narvinger as Head of Cloud Software and Services. Jenny Lindqvist has held a variety of leadership positions at Ericsson, joining Ericsson in 2010 and the Executive Team in 2023.

Börje Ekholm, President and CEO of Ericsson, comments: “I’m pleased to appoint Per and Jenny to head up our Networks and Cloud Software and Services businesses. They are strong leaders in Ericsson, each having made an impact on the organization since joining my Executive Team.”

Börje Ekholm continues: “Per has led a turnaround of Cloud Software and Services and his extensive experience from different parts of Ericsson, coupled with his deep technological understanding and proven leadership skills will ensure that Networks continues to benefit from our product leadership position, with the best high performing and programmable networks in the industry.” 

“Jenny has a deep understanding of our industry and is a strong leader with a proven capacity of leveraging our technology leadership to enable customer value and build strong customer partnerships. She has performed very strongly during her tenure at Market Area Europe & Latin America and I’m very pleased that she will head Cloud Software and Services going forward.”

In Ericsson’s new operating structure, two new market areas are created.

Börje Ekholm says: “We are constantly looking for ways to improve customer experience and efficiencies. By combining three Market Areas into two, we see opportunities for efficiencies while maintaining the customer focus.”

The three impacted Market Areas are Market Area Europe & Latin America, Market Area North America, and Market Area Middle East & Africa. The two new Market Areas will be Market Area Americas headed by Yossi Cohen and Market Area Europe, Middle East & Africa headed by Patrick Johansson.

Ericsson is today also announcing that Fredrik Jejdling, Ericsson’s long-serving head of Networks, will step down from his role on March 15, 2025, remaining as an executive advisor to the business until June 30, 2025. Fredrik Jejdling has been with Ericsson since 2006 and has been a member of the Company’s Executive Team since 2017.

Börje Ekholm says: “Fredrik has been a valued member of the Executive Team for almost 8 years and has led the success of our Networks business and thereby contributed to the turn-around of Ericsson in 2017. He has contributed to Ericsson’s position with the industry’s leading programmable networks that allow for differentiated connectivity, which will open up new use-cases and increased network monetization and ultimately allow our customers to increase their investments in network infrastructure. We have now mutually agreed and come to the conclusion that this is a good time for a change in the Executive Team. As a result, Fredrik will leave Ericsson to take on new challenges. We thank Fredrik for all his good work for Ericsson, and we wish him all the best in his future endeavors.”

Fredrik Jejdling comments: “It has been a true privilege to work at Ericsson for almost two decades and as Head of Business Area Networks since 2017. Our technology leadership enables us to drive the momentum around programmable networks for differentiated connectivity where customers increasingly recognize the benefits of making mobile networks accessible through APIs. As we have laid the foundation for the future success of Networks, where we will focus on key software deliveries and on staying a champion in markets like the US, India and Japan, I feel that this is a good time to move on to new opportunities.” 

NOTES TO EDITORS:

FOLLOW US:

Subscribe to Ericsson press releases here
Subscribe to Ericsson blog posts here
https://twitter.com/ericsson
https://www.facebook.com/ericsson
https://www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

ABOUT ERICSSON:

Ericsson’s high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-announces-changes-to-the-executive-team-and-to-the-market-area-structure,c4110440

The following files are available for download:

https://mb.cision.com/Main/15448/4110440/3282535.pdf

Ericsson announces changes to the Executive Team and to the Market Area structure

 

Four Dead, Six Injured in South Korean Bridge Collapse

Rescue members search for missing workers after a bridge collapsed at an expressway construction site in Anseong on February 25, 2025. (Photo by YONHAP / AFP)

AFP – Four people, including two Chinese nationals, were killed and six injured after a bridge collapsed at an expressway construction site in South Korea on Tuesday, authorities said.

IIIF150 Unveils Latest Flagship Raptor 5G at MWC2025

BARCELONA, Spain, Feb. 25, 2025 /PRNewswire/ — IIIF150, the imaginative ultra-thin rugged phone manufacture, announced their new flagship Raptor 5G which will be showcased in Barcelona, and different tests onsite to challenge the durability features. Being gratitude to Raptor users, IIIF150 confirms will provide 2 Android version updates on Raptor 5G software.

IIIF150 Unveils Latest Flagship Raptor 5G at MWC2025
IIIF150 Unveils Latest Flagship Raptor 5G at MWC2025

Besides, IIIF150 brings the new Action series to Barcelona, which offers ultra-thin profiles at 6.88mm and dual AMOLED screens, also amazingly IP68 and IP69K certified.

See and test at:

Event: MWC Barcelona 2025
Date: March 3 – 6, 2025
Booth Number: Booth 1E50, Hall 1

Design: Luxury As Always

IIIF150 has the top R&D team in the rugged phone sector. The team pays homage to the prestigious PP AQUANAUT’s grid pattern, sporty yet stylish, incorporating multiple processed CNC plate following the 1st gen Raptor inspired by the intricate Richard-Mille luxury wrist watch design.

Thermal Imaging: a Luxury Function

Raptor 5G’s prime feature, thermal imaging providing by top thermal unit and tuning, offers users with high accuracy and 11 thermal color palettes. The thermal imaging also provides users with different thermal functions, including thermometer and globe thermal etc. Users can snap continuous thermal photos or take pets video in thermal imaging for entertainment too.

OWLMAGE: Many Firsts in Night Vision

The OWLMAGE imaging system, dedicated at night vision and Black & White shooting, now is upgraded with super-resolution algorithms. Night vision shooting is in the next-gen with red-eye removal, EIS anti-shake, and 10x zoom for the first time ever to a rugged phone.

Tough: Beyond Standard

IIIF150 rugged phones hold the standard beyond IP68, IP69K, MIL-STD-810H, such as 6m deep test for 24 hours in still water, hot water jet, dust test, running over by car. Many different on-site tests activities in the exhibition at booth 1E50 in Hall 1 MWC2025 Barcelona. 

Flexible AMOLED: Immersive Display

IIIF150 Raptor 5G features a stunning 6.78” Flexible AMOLED display FHD+ resolution at 120Hz refresh rate that delivers exceptional clarity and smoothness, even in direct sunlight. The under-display fingerprint ensures secure and convenient access at eye-blink.

Main Cam: SONY IMX766 with AI

The 50MP main camera featuring the widely-acclaimed Sony IMX766 sensor, capable of capturing stunningly detailed photos and videos even in move. Complementing this is a 32MP front camera. AI enables the super-resolution to deliver even clear and hi-res photos and video under PDAF capability from hardware.

Battery and Memory: Massive and Ample

The Raptor 5G has a massive high-capacity ratio battery of 10,000mAh, more juice yet smaller size, with 65W fast charging, wireless charging and reverse charging. A high quality GaN charger in box for global version. 512GB ROM and 32GB RAM (with 16GB extended RAM), you have a full package in hand.

OXO OS: 1st Time for IIIF150

IIIF150 Raptor 5G introduces OXO OS, self-developed operating system based on Android 14, with all-new launchers and themes. This marks a significant advancement for rugged phones, moving beyond original Android experience.

Affordable Rugged Phones: Air3S & B3C

The iconic Turbo-Fan Lighting design seen in the Air series will also make a comeback in Air3S with a slim 10.55mm profile with 128GB ROM and 8GB RAM (4GB extended).

The B3C, 10800mAh battery lasting 53 days and a super 50MP main camera, 256GB ROM and 8GB RAM (4GB extended).

Both 6.6” HD+ Punch-Hole screen, Android OS 14 and IP68, IP69K, and MIL-STD-810H certifications, with a drop resistance from 2.4 meters for Air 3S and 1.5 meters for B3C.

About IIIF150

IIIF150 is a smartphone brand from ShenZhen OXO Technology CO., Ltd., committed to creating ultra-thin rugged phones that provide a premium experience for global users during adventures in the wild. IIIF150 is loved for creative design, leading features and outstanding performance by over 300,000 users across globe after its establishment in Sep. 2020.

Shop now and enjoy discount:
Raptor 5G :https://s.click.aliexpress.com/e/_okXRFFw 
B3C:https://s.click.aliexpress.com/e/_opBfR7K 
Air3S:https://s.click.aliexpress.com/e/_olWVili 

Contact: marketing@iiif150.com
Website: www.iiif150.com

Flexport Unveils 20+ Tech and AI-Powered Products to Modernize Global Supply Chains

At the forefront of the launch are Flexport Intelligence with an AI Insights Builder,
and Flexport Control Tower expanding supply chain visibility and management capabilities.

SAN FRANCISCO, Feb. 25, 2025 /PRNewswire/ — Flexport, the global leader in supply chain technology, today announced its first Winter Release, launching more than 20 tech and AI-powered products designed to transform global logistics. The highlight of the release is Flexport Intelligence, which allows businesses to ask questions in natural language and receive immediate insights about their supply chain performance. Flexport customers can use this AI-powered tool to build reports and create dashboards with no technical skills required, making it extremely easy for operations managers to take control of their global supply chains.

Another major announcement within the release is Flexport Control Tower, which allows businesses to use Flexport’s supply chain technology even for shipments where another carrier or forwarder is contracted to move the freight.

“By launching these powerful new AI-driven supply chain products to thousands of companies around the world, Flexport has immediately become the largest provider of AI tools for global supply chains,” said Ryan Petersen. “While many startups are emerging to provide AI tools for logistics, they lack the data required to train the AI models and struggle to sign up customers to use their technology. Our scale as one of the largest logistics providers in the world gives us huge advantages in both creating the technology and getting it into the hands of businesses operating in the real world.”

Flexport will build the smartest supply chains in the world.

Flexport is uniquely positioned to harness AI’s full potential, combining proprietary data, enterprise-scale operations, and AI-ready tech platforms to make new innovations easily accessible to customers.

“Flexport has been leveraging AI for years, but with the explosion of large language models and new open-source tech, we’re able to innovate faster than ever before,” said Petersen. “AI is incorporated throughout the new products and features you’ll see today. Our vision is to make global commerce as simple and reliable as flipping a light switch, and today’s technology release is the clearest sign that we’re well on our way to bringing that to life.”

Flexport Intelligence consolidates fragmented data into easily accessible, actionable insights. Flexport Intelligence allows businesses to ask complex logistics questions in simple terms and receive instant answers and interactive reports. The business is also enhancing Flexport Fulfillment’s AI Demand Planning and Inventory Placement solution. Using advanced AI models, Flexport can process a multitude of client and industry data points to optimize inventory distribution across the Flexport network, ensuring we allocate the right levels of inventory as close to consumer demand as possible. The company is also expanding its use of AI Voice Agents, deploying them to work with carriers to improve quality and efficiency in its behind-the-scenes operations.

Empower Customers to Manage Supply Chains On-Demand

Flexport Control Tower is pushing to break down silos and give businesses real-time visibility and control over their entire logistics network, even on freight not managed by Flexport. The technology provided end-to-end visibility across the entire supply chain from order creation to final delivery.

“Early adopters of our Control Tower saw freight cost savings of 10% on average,” said Ted Boeglin, VP of North America. “Now, we’re expanding our order management, allocation management, and third-party booking management capabilities to include carrier and supplier scorecards. Control Tower gives companies access to our powerful tools regardless of which company they contract to move their air and ocean freight.”

Flexport is also launching the industry’s first real-time pricing engine for all-in, door-to-door and ocean freight services. Clients can instantly search, compare, and book freight across multiple modes, reducing wait times for quotes from hours to seconds. The company is also enhancing its supply chain messaging product, making it seamless for clients to communicate across their supply chain teams in one secure location. The Flexport Platform has also made major upgrades to its visibility and notification features that include fail-safe mechanisms to detect delays, more accurately predict delivery schedules, and improve shipment tracking.

Transform Logistics from a Cost Center to a Growth Engine

Flexport is also launching dropshipping, an e-commerce fulfillment solution that lets brands sell across 50+ major retailer websites.  In addition, Flexport now makes it easier for merchants to sell globally with its new international parcel shipping offering. Flexport is now integrated with Managed Markets on Shopify, and Passport, to simplify global expansion and provide integrated customs, transparent pricing, and reliable delivery for parcel shipments to 200+ countries around the world.

Internal Technology to Deliver the Highest Quality and Best Value for Clients

In this release, Flexport is sharing an inside look at the powerful technology that enables its operations teams to provide unmatched quality, service, and lower costs for customers. From route optimization and workflow automation to customs compliance tools, the company is sharing a look under the hood at how it builds technology to coordinate complexity and simplify the world of global logistics. “Flexport’s technology isn’t just about automation—it’s about augmentation,” said Sanne Manders, President of Flexport. “Our tools free up human ingenuity to tackle challenges AI alone can’t solve, delivering the highest quality service at the best value.”

Going forward, Flexport will introduce its new technology developments through a semi-annual product release cycle, with the next being in late summer. These releases give Flexport an opportunity to showcase the technology investments the company is making to bring to life its vision of a future where global commerce is so easy there will be more of it.

Ryan Petersen will be hosting a special live broadcast to dive into the news and the company’s vision for the future of global trade. Register here and for  more details, visit www.flexport.com.

###

About Flexport
We believe trade can move the human race forward. That’s why since our founding in 2013, it’s our mission to make global commerce so easy there is more of it. Flexport is the tech-driven platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. Flexport was one of CNBC’s Disruptor 50 Companies as well as one of Fast Company’s Most Innovative Companies. Trusted by more than 10,000 brands, Flexport connects every step of the supply chain from factory floor to customer door – making it easy for businesses to ship anywhere, sell everywhere, and grow faster.

DXC tapped by Skanska to Modernize Global IT Infrastructure

ASHBURN, VA, Feb. 25, 2025 /PRNewswire/ — DXC Technology, (NYSE: DXC), a leading Fortune 500 global technology services provider, has signed an agreement with Skanska AB, a multinational construction and project development leader, to modernize Skanska’s IT infrastructure. The partnership will help drive greater operational efficiency across Skanska’s business in Europe and the United States.

DXC Technology’s AI Impact Helps Customers Across Industries Innovate with AI
DXC Technology’s AI Impact Helps Customers Across Industries Innovate with AI

As part of the agreement, services and employees currently managing Skanska’s global IT infrastructure operations will be transferred to DXC Technology.

The construction and project development industry is undergoing significant digital transformation, with companies prioritizing sustainability, process optimization and cost efficiency. Skanska, known for its landmark projects such as London’s 30 St Mary Axe (The Gherkin), the Øresund Bridge between Denmark and Sweden, and the LaGuardia Airport Terminal B Redevelopment, has turned to DXC to support the next chapter in its digital transformation journey.

“By partnering with DXC and outsourcing our IT infrastructure, we will meet new demands for modern and flexible IT infrastructure services,” said Anders Candell, SVP IT from Skanska. “This collaboration enables us to enhance operational efficiency, strengthen security, and focus more on innovative, client-centric solutions. With DXC’s expertise, we are building a strong foundation for high-quality IT services and optimized global operations.”

As Skanska’s trusted IT infrastructure partner, DXC will manage Skanska’s Azure cloud and on-premises environments, enhance cybersecurity, and deliver modern workplace solutions. DXC will also ensure seamless connectivity through data center network management while leading solution architecture, automation and service optimization. “We have decades of experience managing hybrid IT environments for many of the world’s largest companies. By leveraging our global expertise, local presence, and industry-leading solutions, we will help Skanska enhance operational efficiency, strengthen security, and drive sustainable growth,” said Juan Parra, DXC’s Managing Director for Europe.

DXC helps global companies run their mission-critical systems and operations while modernizing IT. Its leadership in IT services has been reaffirmed in the recent Whitelane Research’s 2024/2025 European IT Sourcing Study.

Forward Looking Statements  
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.  

About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com. 
For more information, visit https://dxc.com

DXC contact: Jonathan.jessopbatty@dxc.com