Uber Freight Expands Partnership with e2open to Provide Real-time Transportation Rate and Capacity Options

Rhea-AI Summary

E2open Parent Holdings (NYSE: ETWO) has expanded its partnership with Uber Freight to enhance its Transportation Management System (TMS). This partnership introduces a real-time rating solution that allows shippers to compare transportation rates against existing contracts and spot rates. The Carrier Highlight innovation aims to optimize transportation spend, offering access to a broader network of carriers. E2open's solution supports shippers in achieving cost savings and managing logistics constraints effectively, even during fluctuating market conditions.

Positive

• Expanded partnership with Uber Freight enhances TMS capabilities.
• Real-time rate comparison helps optimize transportation costs.
• Access to a broader carrier network increases savings opportunities.

Negative

• None.

Clients can optimize transportation spend while managing logistics constraints, leveraging carrier network and insights

AUSTIN, Texas--(BUSINESS WIRE)-- E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announces that it has expanded its partnership with Uber Freight to provide a real-time rating solution within e2open’s Transportation Management System (TMS) application.

The Carrier Highlight innovation is a new core capability enabled by e2open’s multi-tenant environment that offers all shippers an instant comparison of real-time transportation rate options against both contract and spot rates currently available in their network. Uber Freight is the first preferred carrier partner showcased in the application. Through direct integration with Uber Freight’s digital freight brokerage, e2open dynamically compares real-time rates against existing network rates and provides 24/7 access with 100% tendered acceptance. E2open TMS users are presented with savings opportunities during shipment planning, with the possibility to tender the shipment at a lower cost.

“In today’s changing market, building resilient supply chains and utilizing real-time freight are crucial for business success,” said Laurent Hautefeuille, Head of Strategy and Business Development at Uber Freight. “At Uber Freight, we’ve built one of the world’s largest managed transportation networks and support shippers with reduced overhead costs and flexible, scalable operations. We’re thrilled to expand our partnership with e2open and support pricing decisions with new embedded features to help shippers secure optimal rates into the future.”

The Carrier Highlight offers all shipper users access to the list of featured transportation providers, even if the carrier is not in the shipper’s network. The shipper can seamlessly onboard the selected carrier to benefit from the current rate reduction and use the new carrier partner for future load savings. In addition, carriers in the network are afforded exposure to more shippers.

“Shippers need ways to optimize their transportation spend to win when rates are rising and when they are falling. This expansion of our partnership with Uber Freight offers a new layer of capabilities to help shippers optimize transportation spend and simultaneously manage logistics constraints,” said Peter Hantman, chief operating officer at e2open. “Together with our partners, e2open is focused on adding value for our clients and helping them realize more efficiency in their supply chains.”

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 12 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/20221020005374/en/

Media Contact:

5W PR for e2open

e2open@5wpr.com

718-757-6144

Investor Contact:

Adam Rogers

AVP Investor Relations, e2open

adam.rogers@e2open.com

515-556-1162

Corporate Contact:

Kristin Seigworth

VP Communications, e2open

kristin.seigworth@e2open.com

Source: E2open Parent Holdings, Inc.

FAQ

What is the recent development involving E2open (ETWO) and Uber Freight?

E2open has expanded its partnership with Uber Freight to provide a real-time rating solution within its Transportation Management System.

How does the new real-time rating solution benefit E2open's users?

The solution allows shippers to compare transportation rates instantly against contract and spot rates, optimizing shipping costs.

What are the key features of E2open's Transportation Management System after the update?

The updated TMS offers real-time rate comparisons, access to a wider carrier network, and opportunities for cost savings during shipment planning.

When was the announcement made regarding E2open's partnership with Uber Freight?

The announcement was made on October 20, 2022.

What is the stock symbol for E2open?

The stock symbol for E2open is ETWO.