May 17, 2020

Deutsche Bahn and Georgian Railways plan Europe to China rail connection

Deutsche Bahn and Georgian Railways MoU
Germany's foreign minister Frank-Walter Steinmeier
Ronald Pofalla
Member of the Management Board for Economic
Nye Longman
2 min
Deutsche Bahn and Georgian Railways plan Europe to China rail connection
Deutsche Bahn (DB) and Georgia's national rail operator have agreed to expand their cooperation activities. An MoU was signed during the visit by Ge...

Deutsche Bahn (DB) and Georgia's national rail operator have agreed to expand their cooperation activities. An MoU was signed during the visit by Germany's foreign minister Frank-Walter Steinmeier to the Caucasus state covering collaboration on international freight transport and consultancy services for the next five years.
 

The companies plan to create a new rail connection from China to Europe via central Asia and Georgia, opening up a new route for customers seeking an overland connection.

Ronald Pofalla, Member of the Management Board for Economic, Legal, and Regulatory Affairs at DB said: "We are proud that DB has the chance to contribute to the renaissance and modernization of the ancient communication routes between the continents. With a rail history reaching back to 1871, Georgia has a key role to play in this undertaking."

In another move, DB and Georgian Railways are cooperating on the development of rail freight links between Europe and Iran, with Georgia as a transit country.
 

Experts at DB's subsidiary DB E&C will provide Georgian Railways with support for organizing and producing rail services, reforming its rail system's structure root-and-branch, and modernizing and maintaining rail technology including the company's fleet of vehicles.

The partnership was agreed by Mamuka Bakhtadze, Chairman of Georgian Railways, and Niko Warbanoff, Head of International Business Development at Deutsche Bahn AG and CEO of DB Engineering & Consulting GmbH.

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Jul 22, 2021

Uber Freight to Acquire Transplace in $2.2bn Deal

UberFreight
Logistics
supplychain
Acquisition
2 min
Uber Freight’s acquisition of Transplace will supercharge parent Uber’s move into logistics and supply chain

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.
 

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