May 17, 2020

UPDATE: APM Terminals acquires remaining share of Grup Maritim TCB

APM Terminals
Supply Chain
Admin
2 min
UPDATE: APM Terminals acquires remaining share of Grup Maritim TCB
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APM Terminals has announced that it will be purchasing the remaini...

Stay Connected! Follow @SupplyChainD and @MrNLon on Twitter. Like our Facebook Page.

APM Terminals has announced that it will be purchasing the remaining 39 percent shareholder of Grup Maritim TCB which means that APM will have a 100 percent share in the Spanish company.

In September APM announced the agreement with Perez y Cia to acquire its majority share of 61 percent in Grup Maritim TCB. The implied enterprise value of the acquisition is thought to be approximately $1 billion with expected capex investments of $400 million over the next five years.

APM Terminals CEO Kim Fejfer said: “This 100 percent share agreement reflects a major milestone in paving the way for closing this deal and expanding our competitive offerings for our clients. The complementary expertise and market geography of the Grup Maritim TCB portfolio will enable us to bring more value to our clients, achieve our growth ambitions and further diversify our global portfolio.”

Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The portfolio consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon, on the Mediterranean coast, along with the concessions in Gijon, on the Bay of Biscay, and in the Canary Islands: Santa Cruz on Tenerife and Santa Cruz on La Palma.

Outside of Spain, Grup Maritim TCB’s terminal operations include Izmir, Turkey; Yucatan, Mexico; Quetzal, Guatemala (under construction, opening 2016); Buenaventura, Colombia, on the Pacific Coast; and Paranagua, Brazil.

The acquisition will help APM Terminals establish a stronghold in Spain at a time when market recovery is expected, strengthen its position in high growth markets of Latin America, provide access to a new experienced talent pool, facilitate knowledge transfer between the two organizations, and generate immediate positive P&L and cash flow contributions.

Joe Nicklaus Nielsen, APM Terminals Vice President and Global Head of Container Port Business Development said: “We have a clear plan to grow our business for the future and invest in competitive advantages. Today’s news is an important step along the way and we look forward to welcoming the Grup Maritim TCB family to APM Terminals when the deal closes”.

This latest portfolio expansion of the APM Terminals Global Terminal Network increases the number of operating facilities to 74, in 40 countries across five continents.

Read the October issue of Supply Chain Digital.

Read our previous APM Terminals coverage here: http://www.supplychaindigital.com/logistics/4136/APM-Terminals-acquires-Grup-Maritim-TCB-and-its-11-container-terminals

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Jun 15, 2021

FedEx is Reshaping Last Mile with Autonomous Vehicles

FedEx
Logistics
LastMile
AutonomousVehicles
3 min
FedEx is expanding a trial of autonomous vehicles in its last-mile logistics process with partner Nuro, including multi-stop and appointment deliveries

FedEx is embarking on an expanded test of autonomous, driver-less delivery vehicles to develop its last-mile logistics. 

The US logistics firm piloted autonomous vehicles from Nuro in April this year, and the pair will now explore that further in a multi-year partnership. Cosimo Leipold, Nuro’s head of partnerships, said the collaboration "will enable innovative, industry-first product offerings that will better everyday life and help make communities safer and greener". 

FedEx will explore a variety of on-road use cases for the autonomous fleet, including multi-stop and appointment-based deliveries, going beyond more traditional applications of the technology in single-route movement of goods from A-B. Exponential growth in ecommerce is spurring its broader experimentation in new autonomy solutions, Fed-Ex says, both in-warehouse and on-road. 

“FedEx was built on innovation, and it continues to be an integral part of our culture and business strategy,” said Rebecca Yeung, Vice President, Advanced Technology and Innovation, FedEx Corporation. “We are excited to collaborate with an industry leader like Nuro as we continue to explore the use of autonomous technologies within our operations.”

 

The changing role of couriers 

Unlike structured delivery networks, operating under long-term partnerships and contracts, agility is where couriers deliver true value - and their ability to deftly solve last-mile fulfilment has most acutely been felt during the pandemic. For the billions of people around the world forced to stay at home to protect themselves and their communities from the spreading COVID-19 virus, couriers have been a constant. They may have been the only knock at the door some people experienced for weeks or months at a time. 

But the last-mile has been uprooted by a boom in ecommerce, a shift that has been most apparent in the UK, US, China and Japan, according to the Global Parcel Delivery Market Insight Report 2021 by Apex Insight. These are markets with dominant economies and populations used to running their lives with a tap of a screen or double-click of a mouse. 

“Getting last mile delivery right has long been a challenge for retailers,” says Kees Jacobs, Vice President, Consumer Goods and Retail at Capgemini. “In 2019, 97% of retail organisations felt their last-mile delivery models were not sustainable for full-scale implementation across all locations. Despite increasing demand from customers, companies were struggling to make the last mile profitable and efficient.”

Jacobs says that the pandemic alleviated some of these stresses in the short term. With no other option, consumers were understanding and tolerant, if not entirely happy, with longer delivery times and less transparent tracking. “But, as extremely high delivery demand continues to be normal, customers will expect brands to contract their delivery times,” he adds. 

Last mile's role in ESG

Demand and volume weren’t the only things that have changed during the pandemic - businesses looked closer to home and as a result became more sustainable. Bricks and mortar stores were transformed from mini-showrooms to quasi-fulfilment centres. Online retailers and other businesses sought local solutions to ship more faster. In densely populated London, UK alone, Accenture found that delivery van emissions dropped by 17%, while Chicago, USA and Sydney, Australia saw similar emissions savings. 
 

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