$2 billion revenue cpg company awards semicab india new pilot to implement drop & hook trucking model

Company announces geographic expansion of lanes and pilot of drop & hook program in indian fmcg sector for the first time fort lauderdale, fl, june 04, 2025 (globe newswire) -- algorhythm holdings, inc. (“algorhythm”) (nasdaq: rime) – an ai technology and consumer electronics holding company, today announced that its subsidiary, smcb solutions private limited (“semicab india”), has been awarded a large expansion to its master services agreement with the indian subsidiary of the world's third largest consumer packaged goods (“cpg”) manufacturer with over $84 billion in annual revenues. under the first phase of the expanded services agreement, semicab india will provide managed transportation services to the cpg company on more than 40 heavily populated lanes throughout india, representing a 200% increase in lanes currently serviced.
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