SemiCab Wins Prestigious Logistics Award, Industry Recognition for Best Value Award
Rhea-AI Summary
Algorhythm Holdings (NASDAQ:RIME)'s subsidiary SemiCab has been awarded the Best Value Award at LogiMeet 2025, a prestigious event hosted by a Fortune 50 consumer packaged goods company. The recognition comes from one of SemiCab's largest customers, highlighting the success of their AI-enabled Collaborative Transportation Platform.
CEO Ajesh Kapoor emphasized that since the client began using their platform in 2023, service scope has expanded by over 500%. The award validates SemiCab's mission to reduce empty miles and transform freight logistics through their AI technology solutions.
Positive
- Service scope with major client expanded by over 500% since 2023
- Recognition from Fortune 50 company validates AI platform effectiveness
- Award demonstrates successful customer adoption and platform value
Negative
- None.
News Market Reaction 9 Alerts
On the day this news was published, RIME gained 6.14%, reflecting a notable positive market reaction. Argus tracked a peak move of +19.9% during that session. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $377K to the company's valuation, bringing the market cap to $7M at that time.
Data tracked by StockTitan Argus on the day of publication.
Company Wins Best Value Award at LogiMeet 2025
Fort Lauderdale, FL, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), an AI technology holding company announced today that its subsidiary, SemiCab Holdings, LLC (“SemiCab”), recently won the Best Value Award at LogiMeet 2025. This is a highly prestigious annual event, hosted by a Fortune 50 global leader in the fast-moving consumer packaged goods industry.
“We are thrilled that our team has been recognized by one of our largest customers,” said Ajesh Kapoor, CEO of SemiCab. “This award is a strong validation that our AI-enabled Collaborative Transportation Platform delivers real results. Since this client became one of our first pilot users in 2023, we have expanded the scope of services by over
“We are honored to receive this recognition and remain committed to helping our clients optimize their shipping networks, lower costs, and operate more efficiently. This award reinforces our goal to disrupt traditional freight logistics while creating measurable impact for shippers and carriers alike,” added Kapoor.
For additional information on this award, please visit the Company’s social media.
About Algorhythm Holdings
Algorhythm Holdings, Inc. is an 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 these 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
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