Probably the most exciting sector to watch these days, after pot stocks, is the logistics industry. While it may seem like a boring topic for anyone unfamiliar, logistics is, in fact, driving the world’s economy behind the scenes. Today, Rich highlights some breaking news from one emerging logistics company—LiteLink Technologies Inc. (CSE:LLT) (OTCPK:LLNKF)—and breaks down that news for investors.
“LiteLink is one of the biggest players in the logistics space—but also for the crypto space, for the gaming space, and they’ve been talking about getting into the cannabis space,” says Rich.
LiteLink Signs Trial and Customer Agreement
Earlier today, LiteLink announced that it has signed a customer trial and a definitive user agreement to provide Brookdale Treeland Nurseries Ltd. with the enterprise version of its 1SHIFT Logistics platform.
Through the platform, Brookdale will have advanced real-time visibility into tracking and tracing, as well as route optimization, which will drive the cost of labor and fuel down. All of this will be integrated into the nursery’s current transportation management system.
After an initial 30-day free trial—during which 1SHIFT will complete the customization required for route optimization—fees will be based on the number of transactions that occur. The deal is continuous, and there will be no start-up or cancellation fees.
Brookdale, which has already begun live trials of the platform, is one of Canada’s largest nurseries. The deal signals a big step forward for LiteLink in the tree and nursery industry across North America. Canada alone has more than 3,000 nurseries, and LiteLink’s goal is to become the dominant logistics platform used by nurseries in the country.
“This news is huge—HUGE—for LiteLink,” says Rich. “LiteLink is one of those companies that just keep getting better.”
1Shift Helps Companies Control the Road Ahead
Powered by LiteLink, 1SHIFT is an end-to-end SaaS enterprise and logistics management solution. The platform enables shippers and carriers to automate daily functions, engage in freight matching, and achieve real-time insight into their transportation network.
The highly-regarded platform also delivers real-time data, which ensures that all documents and audit trails are digitally tracked and protected. Through the network of shippers, 3PLs, carriers, and drivers that it empowers, 1SHIFT allows companies to manage situations that would otherwise jeopardize on-time deliveries.
Ultimately, companies that use 1SHIFT to monitor shipments can view an interactive map showing the current location and progress of each shipment.
“You’ve gotta love technology,” laughs Rich.
Because LiteLink offers the software through a pricing model directly linked to the performance of a customer’s business, it helps companies optimize operations when business is booming and reduce cost when business is slow.
LiteLink is Poised for Growth
Since the start of September, LLT stock has been on a big upswing, growing from $0.08 on CSE to its opening today just passing $0.11.
“Everybody’s starting to talk about LiteLink,” says Rich. “We’re finding this bad boy when it’s so cheap.”
The company has made some major operational updates in the last week, which signals that it is moving past the product development stage into the marketing and commercialization stage. Accordingly, LiteLink announced that it signed its first US-based 1SHIFT Logistics customer, Bay Water Transportation, on September 6.
This is an exciting time to be watching LLT. Keep watching RichTV Live for more from this forward-looking company.
Do you think LiteLink is poised for serious growth? Let us know about it in the comments below. Also be sure to check out Rich’s recent interview with NetCents Technology (CSE:NC) (OTCQB:NTTCF) Chief Revenue Officer Jenn Lowther.
Featured image: DepositPhotos © AllaSerebrina