May 17, 2020

FedEx: Successful drone delivery

Logistics
Technology
Georgia Wilson
2 min
Wing Aviation drone flying FedEx package
Wing Aviation's drone has successfully completeda FedEx commercial residential delivery in Christiansburg, Virginia.

Thecommercial residential drone de...

Wing Aviation's drone has successfully completed a FedEx commercial residential delivery in Christiansburg, Virginia.

The commercial residential drone delivery trial was launched by FedEx Express in collaboration with Wing Aviation, who has received its first authorisation from the Federal Aviation Administration (FAA) to conduct further scheduled commercial deliveries following the successful launch. 

As the trial continues FedEx packages will be sent to qualifying homes in Christiansburg to demonstrate the benefits of drones for last-mile delivery.

“Innovation has been part of the FedEx DNA since day one, and we are always looking for new and better ways to deliver the world to our customers’ doorsteps,” said Don Colleran, President & CEO of FedEx Express. “For our customers in Christiansburg, this collaboration will test the latest innovation in the last mile of a residential package delivery. We hope that this latest addition to our delivery options will enhance the last mile service for urgent same-day deliveries, customers in rural or semi-rural areas, and other exceptional delivery needs.”

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Those currently eligible within Christiansburg, Virginia who have opt-in to the trial, will be able to receive their packages via the scheduled drones, as well as health and wellness products placed through Wing Aviation's delivery app, a result of the company's collaboration with Walgreens. 

In addition to demonstrating the benefits of drone deliveries, FedEx is participating in, the US Department of Transportation’s Unmanned Aircraft Systems Integrations Pilot Program (IPP) alongside Memphis Shelby-County Airport Authority. As part of FedEx’s participation the company will conduct drone operations on airport property generating data to help inform future UAS policymaking.

Did you know? FedEx Express’s FY19 annual revenue was US$37.3bn.

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Image source: FedEx

 

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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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