Connect with us

Logistics & Supply Chain

DB Schenker and USA Truck join forces to become the premier transportation solutions provider

Published

on

DB Schenker and USA Truck join forces to become the premier transportation solutions provider. Image: DB Schenker
DB Schenker and USA Truck join forces to become the premier transportation solutions provider. Image: DB Schenker
Listen to the story (FreightComms AudioPost)

 

DB Schenker, one of the world’s leading logistics service providers, and USA Truck, a leading capacity solutions provider, announced an agreement under which DB Schenker will acquire all outstanding shares of USA Truck common stock for $31.72 per share in cash. The transaction values USA Truck at approximately $435 million, including assumed cash and debt.

The combination advances DB Schenker and USA Truck’s shared vision to become the premier North American transportation solutions provider. Upon completion of the transaction, DB Schenker aims to strengthen and expand USA Truck’s presence in North America, while utilizing its complementary international logistics expertise, air transport services and ocean gateways to benefit USA Truck’s existing customer base. Building upon USA Truck’s existing U.S. and Mexico freight network, DB Schenker also intends to expand its global logistics services across land, air, and ocean transportation services, as well as comprehensive solutions for logistics and global supply chain management.

Founded in 1983, USA Truck provides comprehensive capacity solutions to a diverse North American customer base, including more than 20% of the FORTUNE 100. USA Truck’s approximately 1,900-unit fleet of trucks, 2,100 employees, partnerships with more than 36,000 active contract carriers, strategic network of terminals across the Eastern half of the United States and a nationwide third-party logistics presence provides capacity solutions to meet the evolving demands of both regional and national customers.

“USA Truck is the perfect match for DB Schenker’s strategic ambition to expand our network in North America and foster our position as a leading global logistics provider,” said Jochen Thewes, CEO of DB Schenker. “In our 150th anniversary year, we are pleased to welcome one of the leading trucking and logistics providers to DB Schenker. Together we will enhance our shared value proposition and invest in exciting growth opportunities and sustainable logistics solutions for new and existing clients.”

“We are thrilled to have found a partner that appreciates USA Truck’s rich history, is closely aligned with our mission and values, and brings additional resources that we believe enable us to build on our nearly 40-year legacy of industry leadership,” said James Reed, President and Chief Executive Officer of USA Truck. “This transaction provides immediate and significant value for USA Truck stockholders, offers broadened career opportunities for our employees and increased capacity and service offerings with which to support our customers, and better positions our company to realize our long-term vision to become the premier North American transportation solutions provider.”

“This transaction recognizes the culture of excellence James, his team and all of our dedicated employees have created and commit to every day at USA Truck. It rewards our stockholders for their unwavering support during our turnaround and through the pandemic and offers further opportunity for our customers to draw upon USA Truck’s strengths utilizing the resources and reach of one of the world’s leading logistics services organizations,” commented Alexander Greene, Chairman of the Board of USA Truck.

Joe Jaska, DB Schenker’s Executive Vice President Land Transport, Americas Region commented, “USA Truck’s success has been driven by their impressive employees – all of whom are critical to future growth – and we look forward to welcoming them as an integral part of our team. As part of a larger organization with DB Schenker, USA Truck employees will have access to career opportunities at both the local and global level. We view this transaction as a platform for growth and by combining these organizations, we will greatly enhance our presence in the North American land transport space.”

With more than 76,000 employees at more than 1,850 locations in over 130 countries, DB Schenker, a 100 percent subsidiary of Deutsche Bahn, is one of the world’s leading logistics providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive solutions for logistics and global supply chain management from a single source. In the Americas, DB Schenker is one of the largest integrated logistics service providers with more than 10,000 employees in 123 locations providing over 27 million sq. ft. of distribution operations to its clients. With integrated partners across the Americas, DB Schenker provides the best combination of intimate local practices knowledge and global capabilities.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Food Logistics

LogiNext signs up McDonald’s Philippines on its automation platform 

Published

on

LogiNext signs up McDonald's Philippines on its automation platform. Image: LogiNext
LogiNext signs up McDonald's Philippines on its automation platform. Image: LogiNext
Listen to the story (FreightComms AudioPost)

LogiNext, a delivery automation platform helping fast food restaurant chains manage their delivery services has announced the addition of McDonald’s Philippines to its 1-click Carrier Integration Marketplace. As part of this new partnership, McDonald’s last-mile delivery provider, GrabExpress will also be onboarded onto their platform.

This one-of-a-kind partnership will now enable McDonald’s to automatically send delivery orders placed via its McDelivery app and web portal to the GrabExpress platform, to be delivered via a GrabExpress delivery rider.

LogiNext’s Carrier Integration Marketplace is a single click, no-code solution for brands like McDonalds to seamlessly integrate their delivery operations with some of the top delivery and technology providers across industries like Food & Beverage, Courier & Parcel and Transportation.

“The Carrier Integration Marketplace is a huge thing because it’s a win-win for everyone. Brands get easy access to carriers of their choice, and carriers (which could be food aggregator apps, delivery networks etc) can monetize their capabilities better. We’re super excited about adding GrabExpress to our marketplace given their reach and salience. This will enable other LogiNext clients to also access GrabExpress last-mile delivery services. We’re scaling up the marketplace aggressively so that more and more brands can take advantage of it,” says Dhaval Thanki, VP of APAC & MEA at LogiNext.

“McDelivery has become a high growth sales channel especially the past couple of years. Strategic investments made prior to 2020 have allowed us to set a strong foundation for delivery like having a clear technology roadmap, that enables us to onboard systems to stay ahead of the curve. LogiNext’s integration with GrabExpress is aligned with McDonald’s mission of a frictionless customer experience across all channels, allowing us to serve making delicious feel-good moments anytime, anywhere easy for everyone. Through this technology platform, we’ll be able to deliver signature McDonald’s meals faster and more efficiently,” says Oliver Rabatan, AVP of Marketing and Channels Lead at McDonald’s Philippines.

With GrabExpress joining LogiNext’s 1-click Carrier Integration Marketplace, new and existing LogiNext clients can now easily integrate their delivery operations with GrabExpress’s last mile service through pre-built APIs. Overall, this partnership will enable McDonald’s to march ahead as a progressive tech-enabled brand and push the entire F&B industry towards increased efficiency so they can keep delivering a great end customer experience along with meeting business objectives.

Continue Reading

Air Freight

DB Schenker starts its charter flights between Europe and South America

Published

on

DB Schenker starts its charter flights between Europe and South America. Image: DB Schenker
DB Schenker starts its charter flights between Europe and South America. Image: DB Schenker
Listen to the story (FreightComms AudioPost)

 

DB Schenker offers additional charter capacities across the Atlantic. The new route starts from the Netherlands and reaches Brazil after two stopovers in the USA. In South America, direct connections to Argentina and Chile are available. The weekly freight charter flight provides 50 tons of capacity and expands DB Schenker’s growing intercontinental flight network.

Thorsten Meincke, Global Board Member for Air & Ocean Freight at DB Schenker: “To keep economies running, companies require stable supply chains. By expanding our flight network to South America, we provide a new source of reliable capacity to the market. We are happy to say that the demand is already high.”

Every Sunday night, the flight leaves Amsterdam (AMS) and stops in New York City (JFK) and Miami (MIA) on Monday before reaching Viracopos (VCP) near São Paulo on the same day. On Tuesdays, a direct connection can be made to Buenos Aires (EZE), and Santiago de Chile (SCL) can be reached on Wednesdays. An airline partner will be operating the new transatlantic route with Boeing 767 freighter jets. The charter flight’s stopover in Miami allows access to numerous further destinations in the operating carrier’s portfolio.

The first bookings include a diverse range of goods, including many automotive parts. Temperature-controlled cargo and dangerous goods can also be transported upon request. Within Europe, the flights seamlessly connect to DB Schenker’s land transportation network.

DB Schenker, is committed to providing innovative supply chain solutions that challenge the status quo. As a global industry leader with more than 150 years of logistics experience, the company supports industry and trade in the global exchange of goods.

Continue Reading

Environment

Rhenus to achieve LCL carbon neutrality through a pilot project

Published

on

Rhenus to achieve LCL carbon neutrality through a pilot project. Image: Rhenus Group
Rhenus to achieve LCL carbon neutrality through a pilot project. Image: Rhenus Group
Listen to the story (FreightComms AudioPost)

 

Rhenus Group, a leading global logistics service provider, announces positive progress in the efforts to achieve LCL carbon neutrality through a pilot project to ensure that the reduction of emissions complies with international standards. Rhenus is working with ClimatePartner, an independent consultancy, to verify the calculation methodology and offset the amount of CO2 through verified and audited carbon offset projects.

The ClimatePartner label, which confirms the carbon neutrality of the products under the Rhenus name, will be available to companies who engage Rhenus to export LCL shipments from the Central European Gateway in Hilden starting this year. Currently, the emissions from the operations during Q1 2022 have been calculated and offset, the rest of 2022 will follow. With the offset result from this pilot project, Rhenus has invested in a wind energy project which promotes less reliance on fossil fuels.

“Our LCL Gateway in Hilden is the biggest Rhenus consolidation hub worldwide and moving towards a sustainable direction is our focus. In parallel with minimising direct emissions, Rhenus is willing and ready to take the extra steps in developing services with a verified carbon-neutral label. This is only the start of our journey to decarbonising logistics services.” said Julian Broeer, Regional Head LCL Europe of Rhenus Air & Ocean.

“Contributing to sustainable logistics is a core objective of Rhenus and the green logistics efforts. We are encouraged by the promising progress thus far. Results and learnings of this pilot project will lay the foundation for our goal to achieve 100 percent carbon neutrality for all LCL shipments worldwide by 2030,” said Jan Harnisch, the newly appointed global Co-CEO of Rhenus Air & Ocean.

The pilot project is the first step in the Rhenus strategy to neutralise the carbon emissions of its LCL product by 2030, which was announced in late 2021. Future plans for Rhenus include opening more carbon-neutral trade lanes, expanding its sustainability product offerings and actively researching effective ways to efficiently reduce emissions.

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore