SemiCab Demonstrates More Than 70% Reduction in Empty Trucking Miles Across Live Freight Networks
Algorhythm Holdings (NASDAQ: RIME) published a whitepaper showing its SemiCab platform reduced empty freight miles by more than 70% across live customer networks and achieved loaded-mile utilization above 90% in deployments.
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Rhea-AI Summary
Algorhythm Holdings (NASDAQ: RIME) published a whitepaper showing its SemiCab platform reduced empty freight miles by more than 70% across live customer networks and achieved loaded-mile utilization above 90% in deployments.
The company highlights potential global impact, estimating up to $700 billion in eliminable empty-mile waste if SemiCab is deployed at scale, and plans U.S. expansion via its new Apex SaaS licensing model.
Positive
- SemiCab demonstrated >70% reduction in empty freight miles across live networks
- Loaded-mile utilization exceeded 90% in deployed customer networks
- Empty miles reduced to below 10% in certain deployments
- Company projects up to $700 billion in global empty-mile waste elimination if scaled
- Apex SaaS introduces asset-light recurring revenue and white-label partnership potential
Negative
- The $700 billion savings estimate is conditional on large-scale deployment and is not guaranteed
Details
News Market Reaction – RIME
On Feb 9, the day this news came out, RIME closed 0.54% below the previous close.
Data tracked by StockTitan Argus for the Feb 9 session.
Key Figures
- Empty-mile reduction
- more than 70%
- SemiCab platform reduction of empty freight miles across live networks
- Global truckload market
- $3 trillion
- Estimated annual size of global truckload transportation industry
- Lost to inefficiency
- more than $1 trillion
- Annual freight spending lost to empty miles globally
- Eliminable waste
- up to $700 billion
- Potential empty-mile waste SemiCab believes could be removed at scale
- India empty running
- up to 40%
- Share of time trucks in India reportedly run empty
- Global empty average
- 30–35%
- Global average share of truck miles run empty
- Empty-mile rate
- below 10%
- SemiCab achieved empty-mile rates below this level in deployments
- Loaded-mile utilization
- more than 90%
- Utilization achieved in live deployments using SemiCab
Historical Context
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Forbes highlighted SemiCab’s AI platform reducing global empty freight miles.
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Announcement to exhibit SemiCab Apex SaaS at LINK 2026 supply chain event.
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SemiCab secured a $1.6M contract expansion with Hindustan Unilever in India.
-
SemiCab reported $9.7M ARR in Dec 2025, up 300% year over year.
-
Major expansion of SemiCab’s Apollo Tyres agreement with up to $2.5M revenue.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ai-driven technical
collaborative transportation platform technical
saas technical
open apis technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Fort Lauderdale, FL, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced that it has published a whitepaper demonstrating that its SemiCab platform reduces empty freight miles by more than
According to Mordor Intelligence, a leading market research firm, the global truckload transportation industry represents an approximately
In India, a landmark report by the think tank RMI and NITI Aayog found that trucks run empty up to
“In most freight markets, empty miles are not an operational anomaly — they are the predictable outcome of fragmented planning,” said Ajesh Kapoor, Chief Executive Officer of SemiCab. “What we’re proving with SemiCab is that when freight is managed as a coordinated network rather than isolated transactions, utilization improves dramatically. The substantial reduction in empty miles that we are able to achieve for our customers represents a fundamental shift in how logistics economics work.”
Proven Results at Scale
Through live deployments in India, SemiCab’s system-level planning model has enabled customers to:
- Increase loaded-mile utilization to more than
90% ; - Reduce empty miles to below
10% ; - Improve delivery reliability and capacity availability;
- Lower total transportation costs; and
- Stabilize carrier earnings.
These performance gains compound as network participation increases, creating a self-reinforcing cycle of higher utilization, lower volatility, and improved economics for all participants.
For enterprises with large transportation budgets, reducing empty miles at scale represents an opportunity to generate multi-million-dollar annual savings while materially lowering emissions and improving supply chain resilience. “Empty miles are one of the largest hidden costs in global logistics,” stated Gary Atkinson, CEO of Algorhythm Holdings. “By eliminating this waste, we’re not just improving margins — we’re reshaping how freight networks compete and operate worldwide.”
Structural Efficiency, Not Incremental Optimization
Unlike traditional transportation management systems and brokerage platforms that optimize individual lanes or contracts, SemiCab’s technology operates at the network level. By pooling demand and supply across shippers, regions, and timeframes, the platform identifies return legs and cross-lane flows that are invisible under conventional planning models. This approach enables structural efficiency improvements rather than episodic or temporary gains.
“Most attempts to improve utilization eventually hit a ceiling,” added Atkinson. “Existing solutions focus on local optimization, not system intelligence. Our platform was designed from the ground up using our proprietary AI-powered technology to eliminate structural waste and sustain performance as networks grow.”
Expanding Global Impact
With its proven results in India, SemiCab is now extending its operating model to the United States through its recently created Apex SaaS platform. Apex will provide SemiCab with asset-light recurring revenues with high profit margins from platform licensing, accelerated market penetration through white-label partnerships, and a growing data ecosystem that strengthens AI accuracy and customer value. The company intends to use its Apex SaaS platform to penetrate the freight logistics and distribution markets in additional countries in the near future.
“Through our SemiCab cloud-based collaborative transportation platform, we plan to predict and optimize millions of load movements across hundreds of thousands of trucks worldwide,” concluded Atkinson.
Click here to access the full whitepaper.
About Algorhythm Holdings
Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com
Investor Relations Contact
Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. 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 as a result of new information, future events or otherwise.
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