SemiCab to Showcase Apex Platform at Reuters Events: Supply Chain USA 2026 as a Gold Sponsor
Rhea-AI Summary
Algorhythm Holdings (NASDAQ:RIME) announced that subsidiary SemiCab will appear as a Gold Sponsor at Reuters Events: Supply Chain USA 2026 in Chicago on June 23–24, 2026, at Booth 57.
SemiCab will showcase its Apex AI-powered freight orchestration SaaS and host an educational workshop on freight network volatility.
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News Market Reaction – RIME
In the Jun 17 session, RIME gained 4.33%, reflecting a moderate positive market reaction. Argus tracked a peak move of +3.8% during that session. Argus tracked a trough of -11.8% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 26 | Customer win | Positive | +5.9% | New SemiCab master services agreement expanding Indian enterprise customer base. |
| May 18 | Contract expansion | Positive | +10.4% | Expanded SemiCab freight contract with P&G India and higher annual contract value. |
| May 14 | Earnings results | Positive | +3.8% | Record Q1 2026 revenue growth, higher ARR and improved equity position. |
| May 13 | Industry forum | Neutral | -8.8% | SemiCab-hosted Freight Network Forum discussing structural freight cost pressures. |
| May 12 | Earnings date | Positive | +25.3% | Announcement of upcoming Q1 2026 results and related investor conference call. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
News tied to SemiCab growth and financial milestones has usually been followed by positive 24h moves, with only one recent divergence on an industry forum update.
Over the last month, RIME highlighted SemiCab’s expansion in India, including a new master services agreement with Onida Electronics and a 32% contract value increase to $4.2 million with P&G India. Record Q1 2026 results showed revenue of $2.4 million and ARR above $12 million. An inaugural Freight Network Forum produced negative price reaction despite industry insight. Today’s conference sponsorship and Apex showcase extend this SemiCab-focused growth narrative into the U.S. market.
Key Terms
saas technical
ai-powered technical
freight orchestration technical
spot market financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company to Host Industry Workshop on Why Traditional Freight Networks Struggle to Adapt in Volatile Markets
Fort Lauderdale, FL, June 17, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that its subsidiary, SemiCab, will participate as a Gold Sponsor at Reuters Events: Supply Chain USA 2026, taking place on June 23rd and 24th in Chicago. SemiCab will be located at Booth 57.
SemiCab will be showcasing its Apex SaaS platform at the event as it expands its market presence in the United States. Apex enables shippers, logistics providers, and carriers to manage freight as an interconnected network rather than a series of isolated shipments, helping organizations reduce empty miles, improve asset utilization, and lower transportation costs.
Attendees will have the opportunity to speak with members of the SemiCab team, experience live demonstrations of the Apex platform, and learn how AI-driven freight orchestration can help address common transportation challenges, including fragmented planning, capacity inefficiencies, excess spot market exposure, and network volatility.
As part of the conference program, SemiCab will host an educational workshop titled "The Hidden Cost of Volatility: Why Fragmented Freight Networks Struggle to Adapt" on June 23rd from 3:00 p.m. to 4:00 p.m. CT. It will be led by Ajesh Kapoor, Chief Executive Officer of SemiCab, and Jonathan Miller, Vice President of U.S. Sales.
The workshop will explore how traditional shipment-by-shipment transportation planning can create inefficiencies during periods of market disruption and how a network-based approach can improve resilience, efficiency, and service performance across complex freight ecosystems. Ajesh Kapoor, SemiCab CEO, recently detailed these capabilities and the challenges they address in a Q&A with Procurement Magazine.
"Supply Chain USA brings together many of the industry's most forward-thinking transportation and supply chain leaders," stated Mr. Kapoor. "We're excited to showcase Apex and demonstrate how AI-powered freight orchestration helps organizations move beyond fragmented planning toward a more connected, efficient, and intelligent freight network."
SemiCab's participation at Reuters Events: Supply Chain USA 2026 follows a period of accelerating growth for the company, including recent enterprise customer wins, contract expansions with multinational shippers in India, and the continued rollout of its Apex SaaS platform in the United States.
About Reuters Events: Supply Chain USA 2026
Reuters Events: Supply Chain USA is one of North America's premier gatherings of supply chain, transportation, logistics, and procurement leaders. The annual conference brings together senior executives from leading manufacturers, retailers, logistics providers, and technology companies to discuss emerging trends, operational challenges, and innovative solutions shaping the future of global supply chains. The 2026 event is expected to attract hundreds of industry decision-makers focused on improving efficiency, resilience, and sustainability across their transportation networks.
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
Media Contact
FischTank PR
Algorhythm@fischtankpr.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 contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the other reports the company has filed with the SEC. 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 these 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.
