Algorhythm Holdings says SemiCab cuts freight empty miles by up to 70%

Reuters03-12

Algorhythm Holdings says SemiCab cuts freight empty miles by up to 70%

Algorhythm said its SemiCab platform can reduce empty miles by more than 70% through AI-based freight optimization. The company said the global freight industry spends over USD 1.00 trillion annually on avoidable costs tied to inefficient routing and underutilized capacity. CEO Gary Atkinson said fuel price increases in India are passed through to customers via fuel surcharges, and that rising oil prices have no material impact on margins for its India services business or its SaaS products.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algorhythm Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603120915PRIMZONEFULLFEED9670840) on March 12, 2026, and is solely responsible for the information contained therein.

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