TRAVIS Talk Weekly
Welcome to this week’s TRAVIS Talk Snippets, packed with market news updates! We bring you interesting news and market updates.
On The Road
TMS: The Unsung Hero of Connected Trucking ?
Discover how Transportation Management Systems (TMS) are revolutionizing trucking with real-time data, predictive maintenance, and optimized routes, unlocking the full potential of your fleet. ?
UK Faces ￡400 Million Cost from EES Border Delays, Logistics UK Warns?
Logistics UK warns that new European Entry and Exit System (EES) checks could cost the UK economy up to ￡400 million annually. Delays at the Channel Short Straits could lead to higher costs for businesses and consumers, with potential disruptions to fresh produce and other critical goods. The report highlights the urgency for the UK government to work with European counterparts to prevent significant supply chain impacts.?
Market Updates?
DSV Acquires Schenker for $15.9 Billion, Becoming World's Largest Logistics Company?
Denmark’s DSV will acquire Deutsche Bahn's logistics arm, Schenker, for €14.3 billion ($15.85 billion), making DSV the largest logistics company globally. The deal will be financed through equity and debt, with DSV planning to cut up to 1,900 jobs in Germany while investing €1 billion over the next five years.?
UPS to Acquire Frigo-Trans, Boosting European Healthcare Logistics?
UPS has announced plans to acquire Frigo-Trans, enhancing its capacity for temperature-controlled logistics across Europe. This acquisition will improve UPS's ability to handle temperature-sensitive and time-critical pharmaceutical shipments, reinforcing its position as a leader in healthcare logistics. The deal is expected to close in early 2025, pending regulatory approval.?
MOSOLF Expands Global Reach with Transport Overseas Group Acquisition?
MOSOLF Port Logistics & Services (MPLS) is set to acquire Bremen-based Transport Overseas Group GmbH starting January 2025, pending antitrust approval. This acquisition will enhance MPLS's global footprint, adding locations in Belgium, Spain, Poland, and the UAE to its existing operations. The deal aims to integrate MOSOLF's extensive fleet of vehicle transporters with Transport Overseas Group's strong shipping connections, promising improved supply chain solutions and greater market efficiency.?
Blackstone Acquires Major European Logistics Portfolio for €1 Billion?
Blackstone has secured an 80% stake in a European logistics portfolio from Burstone for €1 billion. The deal, which involves 32 properties across Germany, France, and the Netherlands, is the largest European logistics transaction of 2024. The portfolio spans 12.92 million square feet and is nearly fully occupied. Blackstone, which holds a significant focus on logistics investments, plans to expand the portfolio further with Burstone retaining a 20% stake.?
Innovative Transportation
Strategies to Slash Transport Costs?
Rising transport costs drive manufacturers and forwarders to use advanced TMS and cargo optimization tools. Key strategies include optimizing cargo space, planning multistop routes, and integrating systems. These methods can cut costs by up to 5% annually through efficient load planning and vehicle use.?
Electric Truck Prices Must Fall 50% to Compete with Diesel, McKinsey Study Finds?
A McKinsey study reveals that electric truck prices need to be halved to become competitive with diesel models and meet EU climate goals. Currently, electric trucks cost 2.5-3 times more than diesel ones. To achieve a 40% share of new truck sales by 2030, technological advances and a significant reduction in charging costs are essential. Additionally, a $20 billion investment is needed to install 900,000 private charging points across Europe by 2035.?
Upcoming Events?
IAA Transportation, We’ll be there, too! Hanover, 17-22 September??
Digital Transformation Week - Amsterdam, 1-2 October?
Gartner Supply Chain Planning UK - London, 15-15 October?
Digital Transformation in Logistics, Birmingham, 22 October?
Translogistica Poland - Travis is attending, Warsaw, 5-7 November?