Ex-Slync CEO Chris Kirchner was sentenced to 20 years in federal prison Thursday in the U.S. District Court for the Northern District in Fort Worth, Texas.
DSI Assignments, which is overseeing the auction, is seeking a buyer for all of Slync’s platform assets.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
Former Slync CEO Chris Kirchner has been indicted on federal charges that he defrauded investors out of at least $25 million from the FreightTech startup he helped launch.
Will new leadership be enough to save the FreightTech company?
Prosecutors allege former Slync CEO Chris Kirchner misappropriated over $28 million from the company he helped launch to fund his lavish lifestyle.
In today’s edition of The Daily Dash, offering up a to-do list for new Transportation Secretary Pete Buttigieg. Plus, recapping the latest earnings and how Bezos changed logistics.
In partnership with Slync… learn about how predictive exception management can keep freight flowing smoothly.
In partnership with Slync… data from across the supply chain must be integrated and automatically pushed to decision-makers.
Presented by Slync… smart investments in supply chain tech is crucial to competing.
In partnership with Slync… Supply chain exceptions are being automatically moved toward resolution and visibility into the problem provided to all relevant partners.
In partnership with Slync… retailers are shifting to omnichannel strategies to survive disruptions from e-commerce, but implementing omnichannel requires sophisticated supply chain data analytics.
In partnership with Slync… sustainable supply chain initiatives depend on shared data, realtime collaboration, and advanced analytics.
In partnership with Slync… There are numerous reasons to be worried about the health of global trade and the goods economy, even though, in our view, a full-on macro-economic recession in the United States is still unlikely.
Slync’s next generation supply chain management platform sits on top of legacy systems, pulling siloed data together, analyzing it, and initiating AI-powered workflows, and notifying human operators when they’re needed.
In partnership with Slync… improving on-time rates and a continually evolving reverse logistics season have increased the pressure on supply chain partners to manage exceptions collaboratively and proactively.
In partnership with Slync… Slync CEO Chris Kirchner was in Tokyo this week to meet press, speak with startups and participate in customer discussions at the SAP.iO Foundry—Tokyo ecosystem engagement event.
Blockchain solutions, improved interfaces, artificial intelligence and a tool for the intermodal business.
Kirchner says Slync spent a lot of time learning the market and what their customers need before they built anything. Asking the questions first is critical.
In partnership with Slync… globalized supply chains are complex and subject to many risks. By automating workflows and creating AI assistants, companies can speed time-to-decision, reduce error, and make their supply chains more resilient.
In partnership with Slync… It has become clear that the market increasingly views digitization as one of the most important means of creating value and improving the financial fundamentals of companies operating in the supply chain.
Award-winning supply chain collaboration company welcomes two established entrepreneurs with almost $1 billion of combined exits
Slync, the intelligent platform for shipping, logistics and the supply chain has appointed John Urban and Robert Edwards—two established and successful entrepreneurs with almost $1B in combined company exits—to its advisory board.
In partnership with Slync.io… Multi-partner views of realtime supply chain data are necessary to eliminate manual communications processes like email, which will remove friction and add value to collaborative relationships.
The impact of Nordstrom’s anniversary sale on logistics costs, college football and freight, drone deliveries in Canada, and much more in Today’s Pickup.
Slync, an intelligent platform redefining multi-party interaction, automation, and collaboration throughout the supply chain , has agreed to a multi-year partnership with FreightWaves, the leading data and content source for the freight market.
Microsoft and IBM’s enterprise blockchain projects consume a lot of media bandwidth, but there is more exciting and ambitious work being done in transport and logistics by a thriving community of startups.
As the market for IA technology grows, Slync is expanding and investing in its people to solve customer problems and meet demand.
Supply chain automation company doubles its team in three months
FreightWaves’ coverage of Distributed 2018, a leading enterprise blockchain conference, continues.
Panelists from Redwood Logistics, Slync, the Trusted IoT Alliance, and Flux Protocol discussed the difficulties of pushing adoption of blockchain-powered IoT devices, despite the technology’s obvious potential.
Techpertise together with TMW Systems …We’ve known for years that public blockchains needed a second layer for throughput and privacy, but only now are solutions for the largest networks being built out and tested.
On Tuesday, 35 companies gathered at Transparency18 to show off their tech-oriented products and demonstrate how this technology will move the transportation industry into the future. However, there was a catch—each company only had 7 minutes to demo their product.
There’s nothing done at large scale today. That’s just not reality. There’s still more questions than answers. But what is being done, and how?
FreightWaves recently covered the E. Coli outbreak and how the recall issue is causing the world to rethink “farm to table” and shedding light on the supply chain. From that outbreak alone, over 100 people fell ill due to a contamination that federal agencies couldn’t pinpoint. As traceability becomes more imperative, blockchain has emerged as a potential solution. The problem with equipping an entire industry, however, is a major stumbling block toward making the real kind of change needed.
IBM launches a blockchain network to track gold and diamonds across the supply chain.
Slync, an enterprise blockchain platform for the shipping, logistics and supply chain industries, has appointed Samuel Israel to its advisory board. As a regional CEO, Israel led DHL Global Forwarding for more than 10 years, where he built a multibillion-dollar logistics organization in Latin America.
Blockchain has been touted as one of the most revolutionary pieces of technology since the invention of the internet. While hype continues to pick up speed, the most innovative organisations have moved beyond talk and are actively deploying pilots leveraging the technology into supply chain and logistics networks.
Slync, an enterprise blockchain platform for shippers, carriers and brokers, has joined the Blockchain in Transport Alliance (BiTA), a first-of-its-kind trucking industry consortium for developing and promoting industry standards in blockchain use. The organization’s mission is to provide more clarity and education around blockchain applications and encourage its adoption through exemplary implementation.
Enterprise technology provider will conduct product demo at Transparency ’18 and work with leading logistics companies to educate the market on blockchain applications, standards and best practices
