EU Environment Agency urge for a reduction in emissions
An annual report by the European Environment Agency (EEA) has revealed that the environmental effect of transport is still a ‘major problem in many areas’, despite Euro standards being implemented on the continent.
In a statement on their website, the EEA noted that although there have been ‘some improvement over recent years’, these improvements can be partly attributed to reduced economic activity during the recession.
The Euro standards, which define the acceptable limits for exhaust emissions of new vehicles sold in member states, have not succeeded in reducing real NO² emissions to the levels set out in legislation, despite having improved the overall air quality.
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Increasing transport of goods is ‘leading to poor air quality’, according to the EEA, who blame freight as one of the main causes of high NO² levels. Increasing shipping over the last 20 years is to blame for a below expected reduction of sulphur oxides, which cause acid-rain, explained the EEA, who recorded a mere 14 percent drop in sulphur oxide levels despite major efficiency improvements.
Jacqueline McGlade, EEA Executive Director, said: “One of the big challenges of the 21st Century will be to mitigate the negative effects of transport – greenhouse gases, air pollution and noise – while ensuring positive aspects of mobility. Europe can take the lead by intensifying its work in the area of technological innovation in electric mobility. Such change could transform inner city living.”
The report calls for new EU transport targets which focus efforts to further reduce environmental impacts as the economic climate improves. For more trends and findings, you can find a link to the extended report online.
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.