Nov 5, 2020

Penske Logistics: FCA Supplier of the Year, 2020

Logistics
Supply Chain
Manufacturing
FCA
Oliver Freeman
2 min
Penske Logistics has been titled FCA Supplier of the Year, for their industry-leading solutions for transportation, warehousing, and freight management...

Penske Logistics has been named Fiat Chrysler Automobiles (FCA) Supplier of the Year in the Logistics Services Suppliers category during this year’s virtual North America Annual Supplier Conference and Awards programme, held on October 23rd. 

Penske Logistics provides Lead Logistics Provider (LLP) services in support of FCA's inbound freight into manufacturing locations operations, services within their international network and support for the outbound finished vehicles network.

During the program, FCA recognised 31 supplier partners across a total of 19 categories. The FCA Supplier of the Year awards recognises companies that have shown exceptional commitment to FCA, providing innovative and quality products and services.

Award recipients were determined based on an evaluation of each company's 2019 supplier scorecard performance – a rating system that evaluates supplier performance in quality, delivery, cost and warranty – and input from FCA senior leadership.

Marc Althen, Penske Logistics president: "We are honoured to receive the FCA Supplier of the Year Award for logistics services and we thank the FCA team for this recognition. We are proud to receive recognition for our industry-leading technology, tools and processes that benefit our customer. We also commend and thank our associates for their incredible work in supporting FCA, which makes an award like this possible."

"The transformational changes we made in 2019 built a strong foundation for the wave of product launches coming out of FCA, and today we spotlighted those suppliers who took their work to the next level," said Martin Horneck, head of purchasing and supply chain management, FCA - North America. "These are the 'best of the best' in our industry and they will continue playing a leading role in our collective success."

Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia. They provide supply chain management and logistics services to leading companies around the world and deliver value through industry-leading design, planning and execution in transportation, warehousing, and freight management. 

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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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