Genesis Electronics Group Inc (GEGI)

[JusDePomme]

Salt Lake City, UT – October 26, 2022 – Genesis Electronics Group, Inc. (GEGI), today announced that It has executed merger agreements with Glid, LLC, (pronounced as Glide) a Utah-based autonomous electric shipping technology company (https://glidrail.com/).

Glid aims to take a slice of the massive trucking industry (worth about $732B dollars in 2020 according to Statista) along with the global railroad industry (worth approximately $295B in 2021 according to Grandview Research) by deploying a new way to ship existing semi-trailers over the rails.

As diesel and gas prices have soared, making it more expensive for traditional over-the-road trucking companies to make money, and as the nation has faced driver shortages, railroad union strikes and congestion in ports, Glid is positioning itself to be an alternative shipping provider that solves many of these industry problems.
https://www.globenewswire.com/en/news-release/2022/10/26/2541511/33431/en/Genesis-Electronics-Group-Acquires-Gl%C4%ABd-LLC.html

https://glidrail.com/