{"id":795744,"date":"2024-12-18T08:06:31","date_gmt":"2024-12-18T13:06:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/"},"modified":"2024-12-18T08:06:31","modified_gmt":"2024-12-18T13:06:31","slug":"semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/","title":{"rendered":"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>\u00a0SemiCab India Acquires New Client for Pilot Program<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>Fort Lauderdale, FL, Dec.  18, 2024  (GLOBE NEWSWIRE) &#8212; <\/strong><br \/>\n        <strong>Algorhythm Holdings, Inc.<\/strong> (NASDAQ: RIME) (\u201cAlgorhythm\u201d or the \u201cCompany\u201d), an AI technology and consumer electronics holding company, today announced that its subsidiary, SemiCab Holdings, LLC (\u201cSemiCab\u201d), has been awarded a commercially scalable pilot program with the world\u2019s sixth-largest global consumer packaged goods (CPG) producer. The new freight business, launched as a proof-of-concept initiative in late October, will initially focus on the densely populated southwestern India commercial corridor.<\/p>\n<p align=\"justify\">SemiCab will provide enterprise-level software services to SMCB Solutions Private Limited (\u201cSemiCab India\u201d) to provide its AI-powered platform, designed to reduce service costs, improve delivery accuracy, and eliminate empty miles. SemiCab India has acquired the rights to handle cargo for this new client and provide its highly scalable lane service without financial or geographical limitations, subject to mutual consent.<\/p>\n<p align=\"justify\">\u201cThis is a very a positive milestone for SemiCab, particularly in such a rapidly scaling market like India,\u201d commented Gary Atkinson, CEO of Algorhythm. \u201cThis is now the tenth member of the National Digital Freight Exchange (NDFE) that has partnered with SemiCab for a pilot program. We are extremely excited to serve yet another major player in the global consumer packaged goods space.\u201d<\/p>\n<p align=\"justify\">\u201cSemiCab\u2019s mission \u2014leveraging its AI and machine learning software platform to reduce empty trucking miles\u2014is clearly resonating,\u201d continued Mr. Atkinson. \u201cBased on client shipping data evaluated during the bidding process, we believe these pilot relationships have the potential to scale significantly within 12 months of launch. Our close collaboration with the NDFE positions us for meaningful growth, as we aim to prove our platform\u2019s value in delivering cost savings and operational efficiencies for our clients.\u201d<\/p>\n<p align=\"justify\">This new business will be serviced by SemiCab India, which Algorhythm is actively pursuing to acquire in the first quarter of 2025.<\/p>\n<p align=\"justify\">\n        <strong>About Algorhythm<\/strong>\n      <\/p>\n<p align=\"justify\">Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry.<\/p>\n<p align=\"justify\">\n        <u>SemiCab<\/u> is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI\/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing.<\/p>\n<p align=\"justify\">Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab&#8217;s Orchestrated Collaboration<sup>\u2122<\/sup> AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab\u2019s technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight.<\/p>\n<p align=\"justify\">For additional information regarding SemiCab: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cnFZzJFggZdDrho5GwChqTlWbgM4g4YujDNy8vW0ISqekrus36cuRIxcLMKM38kAiBiaCD6WzhhzVk94klvgYSvWfFawYwPMlRrAIoHglDY=\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.semicab.com<\/a><\/p>\n<p align=\"justify\">\n        <u>The Singing Machine Company, Inc.<\/u> is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry&#8217;s widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world\u2019s first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, <em>CARE-eoke by Singing Machine<\/em>, to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam\u2019s Club, Target, and Walmart. To learn more, go to<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K7UjVoEym7G4_Q_bNe8MeQPPWoHGY1EnwTbC4-PA5OOe7P9O6HerP3hUsCHs805nIQIs73HMUGF5WOCuePDnxMNqB8XKDUri3uVMqJb7o8E=\" rel=\"nofollow\" target=\"_blank\"> www.singingmachine.com<\/a>.<\/p>\n<p>\n        <strong>Investor Relations Contact:<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=r-MpObxzeR5OIyMRCabvaPqfxD5bBKa9xR0bxqVhlY4LP9G_bAeRYqtS0HOzcTf2tQ4z3cHd10WD4FDKz-6vUQwc503N7F6TImEzdsvFmNazhMiopY7NOj2J_K7ZJBlB\" rel=\"nofollow\" target=\"_blank\">investors@algoholdings.com<\/a><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zCVkaLYbtdWWYP3mfTuCW7NZtcGZS02Muo4usrDYte6FksLt5EQR1xm1mSTVxdYLU7VyJiXgU1yswvZtPhvdoMSMulkFBsPjcKNB-nVFIdlcpCBXyNl-_YuX145axOMi\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <u>www.algoholdings.com<\/u><br \/>\n        <\/a>\n      <\/p>\n<p>\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>This press release contains or may contain forward-looking statements and information that is based upon beliefs of, and information currently available to, the Company\u2019s management, as well as estimates and assumptions made by the Company\u2019s management. When used in this press release, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cfuture,\u201d \u201cintend,\u201d \u201cplan\u201d or the negative of these terms and similar expressions as they relate to Company or Company\u2019s management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Company\u2019s industry and Company\u2019s operations and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Risks and uncertainties related to the proposed transaction include, among others: the risk that the conditions to the closing of the acquisition are not satisfied; potential adverse reactions or changes to business, including those resulting from the announcement or completion of the transaction; unexpected costs, charges or expenses resulting from the transaction; and any changes in general economic and\/or industry specific conditions. Consequently, all of the forward-looking statements made by the Company, in this and in other documents or statements are qualified by factors, risks and uncertainties, including, but not limited to, those set forth under the headings titled \u201cDisclosure Regarding Forward-Looking Statements\u201d and \u201cRisk Factors\u201d in the Company\u2019s Transition Report on Form 10-KT for the transition period from April 1, 2023 to December 31, 2023, the Company\u2019s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, and other reports filed by the Company with the SEC, which are available at the SEC\u2019s website\u00a0<\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cnFZzJFggZdDrho5GwChqRTpZ9oysmQPUKI2USb1nc2Z2gNgRt4MkRVHDZN_1ObIPIE46sZM0xP0wCKK9ObplFrX1-E5Bpj-L9_c9HPl3foiMBIjglsUdAUFRFDKuus2_0qYzbma1wMcJaD9cIj59rVA0HogAig527NUtXhcK7SvFCMzi_SgUHSNhjU0MSa0YCdVSg8baNFyJ-G14H4wo_dQS0G-onY64tRO_ppvvdm7--sfRVD0Brvoc0_Lm_PnXNvatfk8uIJIeGhvG4ufzbGDNf-9xHQ9PjJoHOOd9p6QdCROFFsVUgkRLLV3szELV3m1sg8VdB8eFMyONueUtD9G46axDqsfJ2HA8LgnfuNLUrM9vh0nouSYzXBUvO8Wc33DZiUHbE27HSUb188KxwZ0WQumpM9SN3lSD6YjyeHo_If_mRTbd9OJ0hd7luZg\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <em>http:\/\/www.sec.gov<\/em><br \/>\n        <\/a><br \/>\n        <em>.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or the results of any revision to these forward-looking statements.<\/em>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTNkYzgzNDItYjBjOS00YTI0LTlkMWQtMjkzMmVmZWI0NzFhLTUwMDA2NDg0Mg==\/tiny\/Algorhythm-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0SemiCab India Acquires New Client for Pilot Program Fort Lauderdale, FL, Dec. 18, 2024 (GLOBE NEWSWIRE) &#8212; Algorhythm Holdings, Inc. (NASDAQ: RIME) (\u201cAlgorhythm\u201d or the \u201cCompany\u201d), an AI technology and consumer electronics holding company, today announced that its subsidiary, SemiCab Holdings, LLC (\u201cSemiCab\u201d), has been awarded a commercially scalable pilot program with the world\u2019s sixth-largest global consumer packaged goods (CPG) producer. The new freight business, launched as a proof-of-concept initiative in late October, will initially focus on the densely populated southwestern India commercial corridor. SemiCab will provide enterprise-level software services to SMCB Solutions Private Limited (\u201cSemiCab India\u201d) to provide its AI-powered platform, designed to reduce service costs, improve delivery accuracy, and eliminate empty miles. SemiCab India has acquired the rights &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795744","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0SemiCab India Acquires New Client for Pilot Program Fort Lauderdale, FL, Dec. 18, 2024 (GLOBE NEWSWIRE) &#8212; Algorhythm Holdings, Inc. (NASDAQ: RIME) (\u201cAlgorhythm\u201d or the \u201cCompany\u201d), an AI technology and consumer electronics holding company, today announced that its subsidiary, SemiCab Holdings, LLC (\u201cSemiCab\u201d), has been awarded a commercially scalable pilot program with the world\u2019s sixth-largest global consumer packaged goods (CPG) producer. The new freight business, launched as a proof-of-concept initiative in late October, will initially focus on the densely populated southwestern India commercial corridor. SemiCab will provide enterprise-level software services to SMCB Solutions Private Limited (\u201cSemiCab India\u201d) to provide its AI-powered platform, designed to reduce service costs, improve delivery accuracy, and eliminate empty miles. SemiCab India has acquired the rights &hellip; Continue reading &quot;SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-18T13:06:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company\",\"datePublished\":\"2024-12-18T13:06:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/\"},\"wordCount\":1144,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/\",\"name\":\"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==\",\"datePublished\":\"2024-12-18T13:06:31+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/","og_locale":"en_US","og_type":"article","og_title":"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company - Market Newsdesk","og_description":"\u00a0SemiCab India Acquires New Client for Pilot Program Fort Lauderdale, FL, Dec. 18, 2024 (GLOBE NEWSWIRE) &#8212; Algorhythm Holdings, Inc. (NASDAQ: RIME) (\u201cAlgorhythm\u201d or the \u201cCompany\u201d), an AI technology and consumer electronics holding company, today announced that its subsidiary, SemiCab Holdings, LLC (\u201cSemiCab\u201d), has been awarded a commercially scalable pilot program with the world\u2019s sixth-largest global consumer packaged goods (CPG) producer. The new freight business, launched as a proof-of-concept initiative in late October, will initially focus on the densely populated southwestern India commercial corridor. SemiCab will provide enterprise-level software services to SMCB Solutions Private Limited (\u201cSemiCab India\u201d) to provide its AI-powered platform, designed to reduce service costs, improve delivery accuracy, and eliminate empty miles. SemiCab India has acquired the rights &hellip; Continue reading \"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-18T13:06:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company","datePublished":"2024-12-18T13:06:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/"},"wordCount":1144,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/","name":"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==","datePublished":"2024-12-18T13:06:31+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg==","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTEwNyM2NjQyODI2IzUwMDA2NDg0Mg=="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/semicab-wins-new-pilot-program-with-6th-largest-global-consumer-package-goods-company\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"SemiCab Wins New Pilot Program with\u00a06th Largest Global Consumer Package Goods Company"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/795744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=795744"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/795744\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=795744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=795744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=795744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}