May 17, 2020

Transoil extends its lead as Russia's top oil carrier

Transoil
Freight One
Vladimir Lisin
Gennady Timchenko
Freddie Pierce
2 min
Transoil ships one fifth of oil shipments
Follow @WDMEllaCopeland Russian oil carrier Transoil has increased its rail fleet by around 70 percent, following an acquisition of 10,000 rail cars fr...

Russian oil carrier Transoil has increased its rail fleet by around 70 percent, following an acquisition of 10,000 rail cars from rival Freight One.

The deal, which took place for an undisclosed sum, extends Transoil’s lead as Russia’s biggest transporter of oil and refined products by rail, resulting in the company now accounting for over one fifth of oil shipments by rail.

 

Stock Increase

In a statement published in the Moscow Times, Transoil said that the tank cars would be handed over within 60 days, once the prepayment is made. The tanks cars to be purchased from Freight One will increase Transoil's own fleet of rolling stock by 70 percent to 25,000.

 

 

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Billionaire Gennady Timchenko, controller of Transoil was outbid by Vladimir Lisin, Russia’s second richest businessman when Freight One was auctioned by state-controlled Russian Railways last October.

 

New Purchases

Freight One claimed that most of its railcars had been rented out to several firms, including Transoil, previous to the acquisition. According to Freight One, the proceedings will be used to buy other types of rail cars and locomotives.

Oil shipments by rail are key to exports as a large percentage of refined products reach the ports by rail. According to Reuters, Transoil shipped over 28 million tonnes of oil and refined products in the first half of the year.

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Jun 21, 2021

Elon Musk's Boring Co. planning wider tunnels for freight

BoringCompany
supplychain
freight
elonmusk
2 min
Elon Musk’s tunnelling firm plans underground freight tunnels with shipping containers moved on “battery-powered freight carriers”, according to reports

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. 

Elon Musk Tweet

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

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