UPS expands Worldwide Express Services to the Middle East
The expansion into the Indian Subcontinent, the Middle East and Africa, comes as part of the company's role as Official Logistics Partner of Expo 2020. The event – which is expected to receive 25 million visitors – has 194 participating countries who UPS is helping to: “minimise the need for excess inventory with guaranteed on-time delivery and improve cash flow, save time and increase efficiency and productivity by using one shipping, tracking and billing system for both packages and freight as well as better meeting their customers’ critical needs with more time-of-day delivery options and an increased number of services that improve end-to-end customer experience,” says UPS.
“UPS’s goal with these investments in our smart global logistics network is to make the global marketplace more accessible for our customers. This latest expansion will help businesses of all sizes in the Middle East, Africa and India to cross borders and international customers capture growth opportunities in this dynamic region,” said Rami Suleiman, president for UPS ISMEA. “By delivering faster, earlier and expanding our reach, we help customers in these high growth markets increase their value, strengthen their competitive advantage and stand out on the global stage. From small businesses to Expo 2020 Dubai participant countries, UPS continues providing importers and exporters with greater flexibility to meet their time-sensitive requests.”
With the addition of three new markets UPS Worldwide Express is now available in 157 countries.
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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