Going Electric: The UK’s First Step Toward Zero Emissions
In 2017 the (UKBIC) was confirmed as part of the UK governments , a partnership established between Coventry City Council, Coventry and Warwickshire Local Enterprise Partnership and the University of Warwick.
With an initial government investment of £80mn and a further boost of £28mn, the 18,500sq ft facility exists in place of what will soon become a large-scale factory designed to allow organisations to prove that their battery technology will bring green jobs to the UK.
The development of the UKBIC is part of the government's plans for the UK to be a world leader in zero-emission vehicles, with plans for the first fully operational connected autonomous vehicles to deploy ahead of the 2022 Commonwealth Games held in Birmingham.
“Putting the UK at the forefront of the design and manufacturing of zero-emission vehicles is at the heart of our plans, creating jobs, growth and opportunity across the country,” said Stephenson. He added that the investment would “support the UK’s world-leading automotive industry to compete internationally, attract further investment and establish supply chains for new electric vehicle battery design and development.”
As modern advances in technology make efficient zero-emission vehicle production easier by the year, companies and governments alike need to establish a foothold in these areas, less they outsource and rely on other incomes. By establishing a base of operations for companies and organisations to test their technology, the UK stands to gain massively from a more economically efficient production centre.
With the majority of the manufacturing equipment set to be commissioned by the end of the year, it seems the UK is on-track and ready to accept ideas on how to reduce their emissions. With solar panels and wind farms pioneering the future of green energy, electric cars and AI vehicles on the horizon, the future looks bright for modern technology, its capabilities ever-expanding and improving our everyday lives.
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.