Norbert Dentressangle offers new ocean freight service
Despite a downturn in the global shipping industry, European logistics company Norbert Dentressangle has launched ‘Red Ocean Connect’, a managed, end-to-end global sea freight service which connects the company’s global offices.
Following a raft of acquisitions, which include the Indian and Sri Lankan branche activities of Sri Lankan conglomerate John Keells Group, Norbert Dentressangle now has a major presence in the world’s major trading regions, which are, according to the company: ‘located to manage freight from all key economic gateways’.
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Following the launch of its Red Sky Connect airfreight network earlier this year, Red Ocean Connect allows the freight forwarding division of Norbert Dentressangle to provide a door-to-door service between Asia, Europe, North America and South America both by sea and air, ensuring complete, end-to-end supply chain management and control.
Under the new service, Norbert Dentressangle offers local vendor management, daily FCL and LCL services, customs and duty management and destination services.
Managing Director of Norbert Dentressangle Overseas, Guillaume Col, said: “We continue to strengthen our freight forwarding operations in growing markets and we are now present in all key areas: China, Latin America, the United States, Europe and now India and Sri Lanka. The launch of the Red Ocean Connect freight service is another key step for the development of our global freight forwarding operations.”
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