Wire
Algorhythm Unit Expands Freight Contract With Procter & Gamble India
Algorhythm (RIME) said Monday its unit SemiCab India was awarded an expansion of its managed freight services contract with Procter & Gamble (PG) India, boosting total annual contract value by 32% to $4.2 million.Under the expanded agreement, lane volume will increase to 65 lanes from 42, covering Procter & Gamble's manufacturing and distribution corridors across India, according to a statement.The company said SemiCab India's platform supports freight orchestration and provides visibility across transportation networks.Shares of Algorhythm were up more than 11% in Monday afternoon trading.Price: $0.74, Change: $+0.08, Percent Change: +11.50%
$PG$RIME
