Kuehne + Nagel: providing sustainable supply chain solutions
Considered one of the leading logistics providers worldwide, Kuehne + Nagel has begun to accelerate its sustainability drive significantly.
Having outlined an intention to reduce CO2 in transport and logistics services globally through its “Net Zero Carbon” strategy, the company offers its customers solutions to reduce their supply chain’s CO2 footprint through digital platforms such as Big Data and predictive analytics.
The Net Zero Carbon strategy is Kuehne + Nagel’s global programme to substantially reduce its effect on the environment. It centres around three key pillars:
- Carbon management: Maintain effective carbon management throughout all operations.
- Environmental products and services: Provide environmentally sensitive products to customers.
- Supplier environmental performance: Environmental criteria to procure and select logistics services.
As a result of the logistics industry contributing to around 7% of the global emission of CO2, Kuehne + Nagel has decided to make a commitment to reduce that figure through its sustainability endeavours. “We are all responsible for the environment, for our ecosystem and above all for the people - in business and private life,” commented Detelf Trefzger, Chief Executive Officer at Kuehne + Nagel. “We as a company and all our colleagues act now with our Net Zero Carbon programme to fight CO2 emissions and offer sustainable and innovative supply chain solutions.”
The firm has lofty goals. By 2030, Kuehne + Nagel aims to be completely carbon neutral. The company has established three key ways to help make this a reality - visibility, reduction and offsetting.
Visibility - Through a carbon calculator, it will enable the company to become more aware of its CO2 footprint across each stage of the supply chain. By using a calculator to monitor all carbon usage, it will enable shippers to gather reliable information regarding the use of equipment and monitoring systems.
Reduction - Kuehne + Nagel’s company programme looks to reduce direct and indirect emissions through the implementation of advanced technologies, the use of renewable energy and ongoing training programmes.
Offsetting - With technological advancements helping to decrease emissions, carbon offsetting allows companies to counterbalance CO2 emissions of a shipment that can’t be avoided. This is done by investing in certified nature-based projects worldwide in a bid to offset the impact.
To find out more about Kuehne + Nagel's sustainability strategy, read here!
For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.
Image: Kuehne + Nagel Press.
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.