ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

WARP Launches “DirectFresh” a Service Enabling Perishable Shippers with Same and Next-Day Direct Store Delivery Across the U.S. and Canada

Los Angeles, CA, March 07, 2023 (GLOBE NEWSWIRE) -- Today WARP, a tech-powered freight network specializing in middle-mile solutions, announced that it has launched “DirectFresh” a service enabling perishable shippers with same-day and next day direct store delivery. The service offers shippers an end-to-end solution for their fresh freight including manufacturer to cold storage transfers and high touch, in-store deliveries. WARP’s DirectFresh service enables shippers to transfer product from cold storage directly to a store or a WARP Station (cross dock) depending on their inventory needs within the same day without needing to work with a last-mile delivery service.

Perishable goods are highly susceptible to damage due to their fragile nature and how quickly their quality deteriorates with the passing of time. A missed delivery window can lead to an entire shipment of spoiled products and thousands of dollars in losses for a customer. Because perishable shipments are so sensitive, it's integral that shippers have visibility and transparency from manufacturer to store. WARP’s technology weaves together the middle-mile and last-mile using their network of temp-controlled cross docks and carriers to provide perishable shippers with a one-stop-shop for their logistics needs. 

“A majority of freight providers don’t have the right technology to provide quality service to the sensitive temperature controlled freight market” said Jake McPaul, Head of Refrigerated Operations and Product at WARP. “The sensitivities associated with perishable shipping also almost always leave perishable shippers little to no consolidation solutions, making it challenging to manage costs. With technology that connects temperature controlled cross docks and carriers, we’re bringing new and innovative solutions for perishable shippers across North America”.

As part of the new DirectFresh offering, WARP has partnered with ShipRec to provide real-time temperature monitoring of fresh freight in transit directly in the WARP platform. The partnership between WARP and ShipRec improves food safety and works to meet the strict requirements of FSMA regulations to prevent foodborne illness. Users can receive notifications if a refrigerated or frozen product's temperature is outside of the optimal temperature zone, allowing drivers to investigate issues as needed and alert customers of any issues in advance. ShipRec’s tracking technology also applies to more than just fresh freight, giving WARP customers accurate, geographic locations for all their loads.

“We’re thrilled to partner with WARP to provide their customers with cutting edge technology that will allow them to have better insight and control into their shipments,” said Paul Vinuelas, ShipRec CEO and Co-Founder. “ShipRec’s tracker signal is strong enough to go through cardboard, metal and even concrete, making it applicable to fresh shipments and everything in between.”

WARP provides more transparency at a lower cost by right-sizing capacity based on the pallet-level/piece count of shipments that day, time, and place. WARP has partnerships with carriers that offer in-store delivery including unloading the trucks and delivering the final product inside the store. The service is now available in every major metro area in the U.S., Canada and select areas of Mexico, benefiting a wide range of perishable shippers such as fast casual restaurant chains, coffee shops, convenience stores, grocery stores, florists, ice cream shops and more.

The news comes on the heels of WARP’s recent funding announcement of additional $5.7M in funding to bring its total to $8.1M for its first operational year, 2022.

About WARP

WARP is a modern freight network bringing peace of mind to shippers founded by entrepreneurs Daniel Sokolovsky and Troy Lester. With its heterogeneous fleet of 53-footers, box trucks, and cargo vans, WARP offers customers the right vehicle for every load based on their speed, price, and service preferences. By pairing proprietary tech with a broad network of carriers and cross-docks, WARP automatically optimizes middle-mile routes through a single integrated platform, giving shippers unparalleled visibility of their loads. Whether it's a direct store delivery, warehouse-to-warehouse transfers, or linehaul injection into last mile carriers, WARP customers receive real-time tracking and status updates along with dedicated support every step of the way.


Stephanie Levinson
Warp
press@wearewarp.com
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.