May 17, 2020

UPS set for global expansion of international express services

Logistics
Sean Galea-Pace
2 min
UPS has confirmed an expansion across 40 countries of its UPS Worldwide Express and UPS Express Plus.
UPS has confirmed an expansion across 40 countries of its UPS Worldwide Express and UPS Express Plus.

The expansion is part of the UPS international su...

UPS has confirmed an expansion across 40 countries of its UPS Worldwide Express and UPS Express Plus.

The expansion is part of the UPS international suite of shipping services that guarantees time and day definite delivery for urgent shipments. UPS express services are now available to businesses across 140 countries and territories The expansion provides morning or midday service for companies seeking to improve time to market, speed inventory replenishment and allow urgent needs for time-sensitive shipments for international growth areas worldwide to be met.

“Cross-border trade continues to present growth opportunities for us and for our customers of all sizes,” said Nando Cesarone, president of UPS International. “By expanding the reach of our industry-leading express services, we’re better connecting our customers to where we see continued growth potential. Our time-sensitive services are faster, they speed up time-to-market in high-growth economies and they offer another way for our customers to optimise their cross-border supply chains.”

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With businesses requiring guaranteed time-of-day delivery that can be relied upon, UPS is growing its express services footprint within key markets by adding new postal codes in 14 European countries, in addition to other markets in Asia, the Americas and the Indian subcontinent. UPS Worldwide Express Freight now provides time-definite delivery of international palletized shipments to almost 8,000 new postal codes in 11 countries, including high-growth markets such as Russia, Nigeria and Vietnam.

With competition between the biggest logistics companies fiercer than ever, particularly in the run-up to Christmas, UPS looks to continue to grow its services and reach new markets in a bid to stand out from its competitors.

 

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Image: UPS Press.

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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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