Centiro to help Rhenus Contract Logistics deliver customer-centric services
Centiro, a cloud-based delivery management solutions provider, today announced that its solutions suite has been selected by leading global freight logistics solutions company Rhenus Contract Logistics in the Netherlands.
Through using Centiro, Rhenus aims to make its European contract logistics business more efficient by having greater visibility and control over its carrier network. This will enable Rhenus to buy and sell transport logistic services more effectively which improved customer service.
The Contract Logistics business area in the Rhenus Group manages complex logistics chains and provides value added services to its customers. Rhenus’ Contract Logistics division specialised in niche markets including health-tech, high-tech, media and e-Commerce services.
Centiro is the leading innovator in cloud-based transportation and delivery management solutions. Centiro’s products empower companies and finer supply chains in more than 105 countries. Rhenus Group is a global logistics service company with a turnover of € 4.6 billion. The Rhenus business areas - Contract Logistics, Freight Logistics, Port Logistics and Public Transport - manage complex supply chains and provide a wealth of innovative value-added services.
Niklas Hedin, CEO of Centiro advised how companies can deliver click & collect success in the June issue of Supply Chain Digital.
Ronald Udo, IT Manager at Rhenus Contract Logistics in the Netherlands, said: “We attach great importance to the fact that our services are adapted to meet the latest market conditions. Our customers now demand reliable, swift logistics to serve often urgent business needs, and while our carrier network was meeting these demands, it was also growing in size and complexity and so management was becoming increasingly challenging.
“By choosing Centiro we have found an innovative solution which we hope will help reduce costs and further improve the quality of the services that our customers need.”
“The logistics industry is being driven by the need to provide more services for its customers, but this is also introducing more complexity,” added Hedin.
“Customers now want their logistics to serve many different locations in shorter timeframes and expect the same consistent level of service wherever they may be. We feel we have developed a solution that will help Rhenus Contract Logistics in the Netherlands create greater efficiencies across its carrier network and increase satisfaction amongst its customers.”
UPS Posts Record Second Quarter with Revenues of $23.4bn
Growth across each of its core segments resulted in record results for UPS in the second quarter, with group revenues climbing 14.5% year on year to $23.4bn.
The global logistics outfit achieved consolidated operating profit of $3.3bn, up 47.3% compared to the same period in 2020. It is the second consecutive quarter of record profit, and a significant rise on Q1’s $2.9bn.
UPS Q2 Revenues in Brief
- Consolidated revenues: $23.4bn (+14.5% yoy)
- Domestic: $14.4bn (+10.2%)
- International: $4.82bn (+30%)
- Supply Chain Solutions: $4.2bn (+14.3%)
The US company’s domestic segment performed steadily with 10.2% revenue growth to $14.4bn. But it was its international and supply chain solutions segments where UPS saw the biggest gains. Strong demand in Europe led an increase in international revenues of 30% to $4.82bn. UPS’ supply chain solutions division saw revenue growth of 14.3% to $4.2bn, driven, the company said, “by strong demand in nearly all businesses”.
UPS’ steady growth throughout the pandemic has been led by the overarching vision of its chief executive Carol Tomé to do “better not bigger”, focussing on efficiency and high margin deliveries through its network over pure scale and volume.
“I want to thank all UPSers for executing our strategy and delivering high service levels, which fuelled record financial results in the second quarter,” she said. “Through our better not bigger framework, we are moving our world forward by delivering what matters.”
UPS Completes Sales of UPS Freight
The second quarter also saw UPS complete the divestiture of UPS Freight in a deal worth $800m - with a surprise result for the division, now called TForce Freight, under new owner TFI International.
“The second quarter was historically significant for TFI International, with the closing of our UPS Freight acquisition and record performance across the board,” said Alain Bédard, chairman, President and Chief Executive Officer, TFI International. “Particularly gratifying is the performance of TForce Freight, which has exceeded our operating ratio targets far ahead of schedule, and we have only just begun our work.”
In it first two months of ownership TFI reported that adjusted operating ratio (OR) was 90.1% for TForce Freight, far outperforming its forecasted OR of 96-97%.
“I wish to thank our entire team for their hard work and remarkable efforts, and officially welcome aboard our new TForce Freight colleagues who have seamlessly come under the TFI umbrella and are already making stronger than expected contributions,” Bédard added.