SemiCab Demonstrates More Than 70% Reduction in Empty Trucking Miles Across Live Freight Networks

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

Key Figures

Empty-mile reduction: more than 70% Global truckload market: $3 trillion Lost to inefficiency: more than $1 trillion +5 more

8 metrics

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

Market Reality Check

Price: $0.9550 Vol: Volume 536,484 is below 2...

low vol

$0.9550 Last Close

Volume Volume 536,484 is below 20-day average 1,235,662 (relative volume 0.43x). low

Technical Price 0.9602 is trading below the 200-day moving average at 2.08 and 78.28% below the 52-week high.

Peers on Argus

RIME is up 16.9% while key peers show mixed moves: BOXL -26.29%, FEBO -1.77%, MS...

RIME is up 16.9% while key peers show mixed moves: BOXL -26.29%, FEBO -1.77%, MSN -4.82%, WLDS +5.8%, AXIL +0.46%. This points to a stock-specific reaction rather than a broad sector move.

Historical Context

5 past events · Latest: Feb 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 02	Media feature	Positive	+17.8%	Forbes highlighted SemiCab’s AI platform reducing global empty freight miles.
Jan 29	Conference participation	Positive	-2.3%	Announcement to exhibit SemiCab Apex SaaS at LINK 2026 supply chain event.
Jan 21	Contract expansion	Positive	-1.3%	SemiCab secured a <b>$1.6M</b> contract expansion with Hindustan Unilever in India.
Jan 14	Revenue milestone	Positive	+2.9%	SemiCab reported <b>$9.7M</b> ARR in Dec 2025, up 300% year over year.
Jan 06	Contract expansion	Positive	+19.6%	Major expansion of SemiCab’s Apollo Tyres agreement with up to <b>$2.5M</b> revenue.

Pattern Detected

Recent SemiCab-focused announcements have generally been positive, with three of the last five news items producing gains, but two positive contract or event updates saw modest next-day declines, indicating uneven follow-through.

Recent Company History

Over the last month, Algorhythm has issued several SemiCab-focused updates, including a Forbes feature on Feb 02, 2026 tied to empty miles, a LINK 2026 conference exhibition announcement on Jan 29, and contract expansions with Unilever India and Apollo Tyres in January. A December 2025 ARR update cited a $9.7M run rate and 300% growth versus year-end 2024. Today’s whitepaper, quantifying >70% empty-mile reductions and network-level benefits, extends this narrative of scaling the SemiCab platform across large freight networks.

Market Pulse Summary

This announcement details a whitepaper showing SemiCab’s AI platform reducing empty freight miles by...

Analysis

This announcement details a whitepaper showing SemiCab’s AI platform reducing empty freight miles by more than 70%, with live deployments in India reportedly achieving loaded-mile utilization above 90% and empty-mile rates below 10%. It positions Algorhythm within a truckload market estimated at $3 trillion annually and highlights a large pool of logistics inefficiency. Recent history features contract wins, revenue growth, and media recognition, making ongoing execution and commercialization key metrics to watch.

Key Terms

ai-driven, saas

2 terms

ai-driven technical

"SemiCab’s proprietary AI-driven Collaborative Transportation Platform is designed"

AI-driven describes products, services, processes or decisions that rely on artificial intelligence—software that detects patterns in data and makes predictions or choices without step-by-step human direction. For investors it signals potential for faster growth, lower operating costs or new revenue, but also new risks (model errors, data problems, regulatory limits); think of it like a smart thermostat that can save energy and money but can also misbehave if fed bad information.

saas technical

"through its recently created Apex SaaS platform."

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

AI-generated analysis. 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 70% across active customer networks.

According to Mordor Intelligence, a leading market research firm, the global truckload transportation industry represents an approximately $3 trillion annual market. With trucks driving empty nearly one out of every three miles, more than $1 trillion in freight spending is lost to inefficiency each year. If deployed at scale, Algorhythm believes its SemiCab platform has the potential to eliminate up to $700 billion in global empty-mile waste.

In India, a landmark report by the think tank RMI and NITI Aayog found that trucks run empty up to 40% of the time, significantly higher than the global average of 30–35%. This inefficiency contributes to elevated logistics costs and excessive fuel consumption across the freight sector. Truck utilization in India also lags behind international benchmarks, with average daily distances traveled nearly 40% lower than in countries like the U.S. and China. SemiCab’s proprietary AI-driven Collaborative Transportation Platform is designed to directly address these structural inefficiencies. By enabling network-level planning and real-time load coordination across multiple shippers, carriers, and geographies, SemiCab has demonstrated its ability to reduce empty-mile rates to below 10% in certain deployments. As outlined in the company’s newly published white paper, these results underscore the platform’s powerful impact on lowering costs, increasing asset utilization, and advancing sustainable freight practices at scale.

“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.

FAQ

How much did SemiCab reduce empty truck miles in Algorhythm's February 9, 2026 whitepaper (RIME)?

SemiCab reduced empty truck miles by more than 70% in live customer networks. According to the company, those results come from deployments where network-level planning and real-time coordination lowered empty-mile rates below 10% in some cases.

What loaded-mile utilization did SemiCab achieve in deployments reported by Algorhythm (RIME)?

SemiCab achieved loaded-mile utilization above 90% in reported deployments. According to the company, network pooling across shippers and carriers enabled higher asset use, better delivery reliability, and stabilized carrier earnings.

What is Algorhythm's (RIME) global savings claim tied to SemiCab in the February 9, 2026 announcement?

Algorhythm estimates up to $700 billion in eliminable empty-mile waste if SemiCab is deployed at scale. According to the company, this figure compares projected efficiency gains to the estimated $3 trillion truckload market and current empty-mile losses.

How will Algorhythm (RIME) expand SemiCab to the U.S. market?

Algorhythm plans to extend SemiCab into the U.S. via its new Apex SaaS platform. According to the company, Apex offers platform licensing, white-label partnerships, and asset-light recurring revenue to accelerate market penetration.

Does SemiCab's whitepaper provide evidence of cost and emissions benefits for shippers (RIME)?

The whitepaper reports lower total transportation costs and reduced emissions from decreased empty miles. According to the company, these benefits arise from system-level planning that increases utilization and reduces fuel waste across networks.

Are Algorhythm's (RIME) SemiCab savings and scale claims guaranteed for all markets?

No, the savings and global impact are conditional on broad deployment and network participation. According to the company, performance gains compound as participation increases, so results depend on adoption and market-specific factors.