Successful Integration of Opek Marks Milestone in FedEx European Growth Program
FedEx Express has reached another important milestone in its European growth program by successfully completing the integration of Opek into its global network. The Polish shipping company was acquired in 2012.
At a press event in Warsaw, Michael Holt, Senior Vice President of Operations, FedEx Express Europe, gave an overview of the recent FedEx growth in Poland and Europe while explaining why Poland was a significant market in the FedEx global network.
He said: “With its dynamic foreign trade, Poland is an important market for FedEx. Over the last 12 months we have seen the Polish economy go from strength to strength—the number of packages sent via FedEx from Poland to the rest of Europe has increased by approximately one third compared to the previous 12 months.
“Additionally, the recovery of the North American economy is having a positive knock-on effect on Poland. The number of packages sent by FedEx from Poland to North America has also increased by roughly one third compared to the last year.”
According to the Central Statistical Office of Poland, exports from Poland increased by 6.2 percent in the first quarter of 2014 reaching the overall of value €39.6 billion. For the same period, imports rose by 2.6 percent reaching €39.2 billion.
Mariusz Mik, Managing Director, Operations, FedEx Express Poland, said: “Following the successful integration of Opek, we have made it easier than ever for our Polish customers to access our full range of domestic and international solutions, helping them benefit from dynamic foreign trade.
“We believe that small businesses, in particular, have a greater opportunity than ever to grow their exports and reach new customers around the world. Moving goods faster and more reliably within the country as well as across borders can help them to decrease costs, improve supply chains, and enhance their growth and profitability.”
With 95 percent of the world’s consumers living outside the United States, FedEx has recently been investing in countries where business is growing. Strategic acquisitions, new facilities and enhanced services strengthen the link between emerging economies and the global marketplace.
Europe plays a key role in the company´s growth plans. In 2014, FedEx has reached a significant milestone in Europe by opening the equivalent of nearly one new station per week over a 30-month period. More than 3,700 team members have been added across Europe.
Today, FedEx offers 26 weekly international flights to and from Warsaw, Gdansk and Katowice and operates 44 stations across the country. With more than 1,300 team members working for FedEx in Poland; 1,400 contracted drivers are delivering shipments to the customers and more than 1,000 branded vehicles are on the roads, FedEx presence in Poland is stronger than ever.
FedEx Express began serving Poland in 1989 and has been continuously expanding its offering of services since then. In 2012, FedEx acquired Opek Sp. z o.o. with an established national pick-up and delivery network and renamed it to FedEx Express Polska Sp. z o.o. in 2013.
For more information, please visit: http://www.fedex.com/pl/
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