New partnership will provide more flexibility, control and value in shipping logistics
AUSTIN, October 28, 2020 – Cloud Logistics by e2open (Cloud Logistics) and Uber Freight today announced a partnership on a direct Application Programming Interface (API) integration for seamless access to digital freight brokerage rates and capacity when planning or executing shipments within the industry’s easiest-to-use Transportation Management System (TMS). Cloud Logistics and Uber Freight will work together to provide shippers with a new level of ease, flexibility and rate transparency to successfully secure capacity in today’s increasingly uncertain and fast-moving markets.
Cloud Logistics is a leading innovator and provider of a modern, intuitive and easy-to-use TMS. Uber Freight’s integration with the Cloud Logistics TMS via API allows shippers to view instant quotes from carriers in Uber Freight’s extensive network, tender shipments and take advantage of instant access to capacity. As unexpected market fluctuations define our new normal, real-time information on rates and capacity is more important than ever to both effectively plan ahead and make quick adjustments to their supply chain operations. Shippers need up-to-date visibility into market conditions and pricing to make decisions that maintain consistency and service for their clients.
“Our partnership with Cloud Logistics makes it easier for shippers to respond to market instability around capacity and rates in real-time by giving them more flexibility and proactive control over their shipping operations,” said Laurent Hautefeuille, head of business development at Uber Freight. “This API integration provides real-time rating and instant capacity that Cloud Logistics shippers can count on, in a way that is fully integrated and keeps shippers at the forefront of the evolving freight market.”
“We are excited to bring new, quality partnerships to our TMS solution,” said Joe Olson, executive vice president and chief of customer operations at e2open. “Uber Freight is a provider that many customers already use and enabling access to their engines directly from our solution brings a single, streamlined user experience to our clients.”
This integration will allow shippers on the cloud-based Cloud Logistics TMS to seamlessly access Uber Freight’s real-time pricing and expansive network of over 60,000 global carriers without leaving the TMS platform. Shippers can get set up quickly and gain access to rates and available capacity within hours.
“At e2open we’re dedicated to delivering the fastest route to value to our clients by making the complexities of transportation management simple and manageable for companies of any size,” said Pawan Joshi, executive vice president of product management and strategy at e2open. “This partnership comes at a time when simplicity and efficiency are paramount, and we are excited to bring this offering to the shipping industry and provide clients with the visibility and innovation needed to remain nimble and competitive.”
Uber Freight is continuing to partner with leading TMS providers to equip shippers with the tools they need to efficiently move goods around the world.
About Uber Freight
Uber Freight is a logistics platform built on the power of Uber with the goal to reshape global logistics and deliver reliability, flexibility and transparency for shippers and carriers. Since launching in 2017, Uber Freight has built one of the world’s largest digitally-enabled carrier networks and transformed entrenched practices around pricing and booking freight to reduce inefficiencies and increase opportunities for business growth and industry collaboration. Today, the business counts over 65,000 carriers in its network and thousands of shippers as customers, from small businesses to Fortune 500 companies, including AB Inbev, Nestle, LG, Land O’Lakes and many more. To Learn More, please visit www.uberfreight.com.
About Cloud Logistics by e2open
Cloud Logistics by e2open (Cloud Logistics) provides innovative and easy-to-use technology that powers transportation logistics solutions for the global supply chain market. Cloud Logistics’ TMS offers a modern, intuitive user experience to simplify carrier selection, load tendering, communication and payment while increasing visibility and offering real-time reporting. The cloud-based tool is easy to implement and offers a rapid-deployment TMS that can go live in as little as one day. Cloud Logistics makes the complexities of order collaboration, communication and international transportation management simple and beneficial for companies of any size. The TMS includes a unique user experience, customizable alerts, social technology for business and a mobile application designed specifically for carriers. For more information about Cloud Logistics for mid-market companies, please visit www.gocloudlogistics.com.
At e2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems. e2open is changing everything. Demand. Supply. Delivered. Visit www.e2open.com.
e2open, the e2open logo, Cloud Logistics by e2open and Harmony are registered trademarks of e2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.
Forward Looking Statements
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the business combination between e2open and CCNB1 (the “Business Combination”) and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CC Neuberger Principal Holdings I (“CCNB1”) or e2open, LLC (“e2open”), nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Certain statements in this press release may be considered forward-looking statements. Forward-looking statements generally relate to future events or CCNB1’s or e2open’s future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by CCNB1 and its management, and e2open and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against CCNB1, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of CCNB1, to obtain financing to complete the Business Combination or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that e2open or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) e2open’s estimates of expenses and profitability; and (12) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in CCNB1’s final prospectus relating to its initial public offering dated April 23, 2020.
Nothing in this press release should be regarded as an announcement by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither CCNB1 nor e2open undertakes any duty to update these forward-looking statements.
In connection with the Business Combination, including the domestication of CCNB1 as a Delaware corporation, CCNB1 intends to file with the SEC a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus of CCNB1, and after the registration statement is declared effective, CCNB1 will mail a definitive proxy statement/prospectus relating to the proposed Business Combination to its shareholders. This press release does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. CCNB1’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed Business Combination, as these materials will contain important information about CCNB1, e2open and the Business Combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed Business Combination will be mailed to shareholders of CCNB1 as of a record date to be established for voting on the proposed Business Combination. Shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: CC Neuberger Principal Holdings 1, 200 Park Avenue, New York, NY 10166.
Participants in the Solicitation
CCNB1 and its directors and executive officers may be deemed participants in the solicitation of proxies from CCNB1’s shareholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in CCNB1 is contained in CCNB1’s final prospectus related to its initial public offering dated April 23, 2020, which was filed with the SEC and is available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to CC Neuberger Principal Holdings 1, 200 Park Avenue, New York, NY 10166. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed Business Combination when available.
e2open and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of CCNB1 in connection with the proposed Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination will be included in the proxy statement for the proposed Business Combination when available.
For additional information/media contact:
Diane Mitchell | VP, Marketing | e2open | Diane.Mitchell@e2open.com | 512-735-5692
Maggie Williams Dryden | Director, Marketing | e2open | Maggie.email@example.com | 678-498-5345
WE Communications for e2open | firstname.lastname@example.org | 512-527-7000