CEVA launches weekly direct LCL service from Singapore to New York
CEVA Logistics, one of the worlds leading supply chain companies, has announced the launch of a new we...
CEVA Logistics, one of the world’s leading supply chain companies, has announced the launch of a new weekly LCL (Less-than-Container Load) service from Singapore to New York. This is the first guaranteed weekly service direct to the U.S. from Singapore as part of the company’s initiative to enhance its LCL offerings serving Trans-pacific needs.
The weekly direct sailing service will take approximately 23 days from port to port, providing customers with predictability and better control of their cargo movement. CEVA will ensure track and trace visibility of all cargo shipments from origin to destination. The service is also complemented by consolidation services from Penang to Singapore before moving the load to New York.
CEVA’s Lynnda Loo, Head of Ocean Freight for Singapore and Malaysia said: “We are excited to roll out a weekly LCL service from Singapore to New York, in response to customer feedback. Singapore, being strategically located in the region, is a key hub for CEVA’s LCL services, with ongoing weekly services directly to Shanghai, Pusan, Chittagong and other destinations. We will continue to increase the number of destinations for Ocean Freight to provide our customers with greater flexibility and choice.”
Customers will also benefit from the availability of door-to-door trucking service from New York to 51 destinations in the U.S. through CEVA’s integrated supply chain services.
“Once the container arrives in New York, we utilize a 100% all-motor truck network to service the 51 destinations up and down the East Coast and U.S. Midwest. We decrease our transits into the Midwest by an average of five days versus a routing over Los Angeles,” said Robert Braun, LCL Director for CEVA in North America.
CEVA recently started a guaranteed weekly LCL service from its newly opened Antwerp gateway in Belgium to New York as well. Recognizing customers’ shipping needs, the company aims to continue developing its LCL consolidation network and plans an additional 40 new direct global services by the end of 2015.
CEVA, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 42,000 employees in more than 170 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.
Uber Freight to Acquire Transplace in $2.2bn Deal
Uber Freight is to acquire logistics technology and solutions provider Transplace in a deal worth $2.25bn.
The company will pay up to $750m in common stock and the remainder in cash to TPG Capital, Transplace’s private equity owner, pending regulatory approval and closing conditions.
“This is a significant step forward, not just for Uber Freight but for the entire logistics ecosystem,” said Lior Ron, Head of Uber Freight, and former founder of the Uber-owned trucking start-up Otto.
Uber’s Big Play for Supply Chain
Transplace is one of the world's largest managed transportation and logistics networks, with 62,000 unique users on its platform and $11bn in freight under management. It offers truck brokerage and other capacity solutions, end-to-end visibility on cross border shipments, and a suite of digital solutions and consultancy services.
The purchase is the latest move by parent company Uber, which launched as a San Francisco cab-hailing app in 2011, to diversify its offering and create new revenue streams in all transport segments.
Transplace said the takeover comes amid a period of “accelerated transformation in logistics”, where globalisation, shipping and transport disruption, and widespread volatility are colliding.
Uber Freight plans to integrate the Transplace network into its own platform, which connects shippers and carriers in a dashboard that mirroring the intuitive experience found in its consumer vehicle booking and food ordering services.
“This is an opportunity to bring together complementary best-in-class technology solutions and operational excellence from two premier companies to create an industry-first shipper-to-carrier platform that will transform shippers’ entire supply chains, delivering operational resilience and reducing costs at a time when it matters most,” said Ron.
Frank McGuigan, CEO of Transplace, said the resulting merger will offer enhanced efficiency and transparency for shippers, and benefits of scale for carriers. “All in all, we expect to significantly reduce shipper and carrier empty miles to the benefit of highway and road infrastructures and the environment,” he added.
History of Uber Freight
Uber Freight was established in 2017 and separated into its own business unit the following year. In 2019 the company had expanded across the entire continental US, established a headquarters in Chicago. Later that year it launched its first international division in Europe, initially from a regional foothold in the Nertherlands, and later moving into Germany.
The logistics spinoff attracted a $500m investment from New York-based Greenbriar Equity Group in October 2020, and launched a new shipping platform for companies of all sizes in May, partly in response to a driver shortage in Canada.