Loadsmart Expands Strategic Partnership with e2open

Rhea-AI Summary

E2open Parent Holdings (NYSE: ETWO) has expanded its partnership with Loadsmart, allowing shippers to access real-time pricing from over 45,000 carriers through e2open's Transportation Management System (TMS). This integration enhances the Carrier Highlight feature, enabling clients to quickly identify cost-saving opportunities and onboard Loadsmart for efficient freight movement. The API connectivity facilitates immediate pricing comparisons, optimizing transportation decisions. Loadsmart, a strategic partner since 2020, will help shippers react to market dynamics and improve transportation management, ensuring cost-effectiveness and reliability in logistics.

Positive

• Expanded partnership with Loadsmart enhances access to real-time pricing for 45,000 carrier partners.
• Integration allows for streamlined onboarding and identification of cost-saving opportunities.
• API connectivity facilitates instant pricing comparisons, optimizing logistics operations.

Negative

• None.

Clients can move freight more efficiently to provide exceptional service in volatile market conditions

AUSTIN, Texas--(BUSINESS WIRE)-- E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announces an expanded partnership with Loadsmart, allowing shipper clients to access instant pricing on any lane from Loadsmart’s network of more than 45,000 carrier partners without leaving e2open’s Transportation Management (TMS) application.

Loadsmart is now included in e2open’s Carrier Highlight innovation, which offers shippers access to featured transportation providers’ rates and capacity when favorable. The enhancement gives clients a streamlined and automated way to identify cost-saving opportunities while getting reliable service from a preferred e2open carrier partner showcased within the application. The shipper can seamlessly onboard Loadsmart to benefit from the currently highlighted cost savings and access Loadsmart as a new carrier partner for future savings opportunities.

With API connectivity in e2open Carrier Marketplace, pricing comparisons happen instantly, enabling shippers to take immediate action. In addition, carriers in the network are afforded exposure to more shippers. As part of the Carrier Highlight workflow, e2open TMS users are presented with optimal transportation options dynamically during load planning, when there is an opportunity to tender the shipment at a lower cost.

“Since its inception, Loadsmart has delivered value to its shipper clients by entering strategic partnerships with companies committed to being leaders in their space. Our expanded partnership with e2open allows all shippers to react quickly to market dynamics and move freight reliably and sustainably at an optimal cost—all from within the e2open TMS. We look forward to continuing to push the frontier of end-to-end freight management and to empower our clients further as they progress their supply chains toward digital maturity,” said Felipe Capella, CEO at Loadsmart.

Loadsmart has been an e2open strategic partner since 2020; the expanded partnership provides e2open clients with access to real-time rates across their entire transportation network with the opportunity to achieve savings in all modes.

“We formed our partnership with Loadsmart around a shared ambition to advance transportation management and seamlessly connect logistics to larger enterprise supply chain strategies,” said Peter Hantman, COO at e2open. “In this next phase of our partnership, clients will be able to simplify rating complexity across their entire transportation network and take advantage of the best rates per shipment to move goods cost-effectively and deliver reliably on customer commitments.”

About e2open

E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 400,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 13 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.^™ Learn More: www.e2open.com.

E2open and “Moving as one.” are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230412005773/en/

Media Contact:

5W PR for e2open

e2open@5wpr.com

718-757-6144

Investor Relations Contact:

Dusty Buell

dusty.buell@e2open.com

investor.relations@e2open.com

Corporate Contact:

Kristin Seigworth

VP Communications, e2open

kristin.seigworth@e2open.com

Source: E2open Parent Holdings, Inc.