Europa catches wave of new business despite challenges
Europa Air & Sea has seen its sea freight volumes grow by 19 per cent year-on-year as it heads into peak season, following a record month for consignments in August.
A division of independent logistics operator, Europa Worldwide Group, Europa Air & Sea has made this achievement despite falling for the consecutive month in July (by 7.1 per cent year on year).
Since Europa Worldwide Group launched Air & Sea as a dedicated division last year, the business announced a combined 17 per cent growth in its sea freight and air freight import volumes.
Angus Hind, Director of Europa Air & Sea, said: “We’re really pleased with where the business is heading and at the response we’ve had from customers so far. We’re taking our time, building a portfolio of quality, reliable services and are reaping the rewards for it. We’re still a relatively small player in the world of Air & Sea, but we are growing and we have big ambitions and plans to keep expanding – building our customer base and our product offering.
“A significant proportion of our business is done on the Asia-Europe trade route, and at a time when the industry outlook is a little underwhelming compared with where it was last year, we are gaining momentum and are in a strong position as we head in to what should be the traditional peak season period.”
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany