UPS | July 13, 2020
Global logistics giant UPS’s extensive sustainability initiatives are predicated on the ability to enact meaningful change during this period of technological advancement in business, heightened awareness of the climate crisis, and the international focus on social and environmental betterment led by the United Nations’ 2030 Sustainable Development Goals (SDGs).“Through continuous transformation, we are capitalising on disruption to shape a future in which more people prosper, enterprises run more efficiently, and resources are conserved for future generations,” UPS said in its 2018 Corporate Sustainability Progress Report, and this focus extends to a broad CSR project focused on disaster relief.The UPS Foundation regularly makes life-changing donations to communities around the world, and the company leverages its leading logistics expertise as a leading partner of the Logistics Emergency Team which supports the UN’s Global Logistics Cluster in its disaster resilience and response efforts.
Loadsmart | November 21, 2020
Loadsmart, a leading advanced cargo innovation organization, today reported the fruitful finish of its Series C fundraising. The $90 million round was driven by BlackRock, Inc's. oversaw reserves and included unmistakable vital speculators from the transportation space, for example, TFI International Inc., a North American pioneer in the transportation and logistics industry, and Maersk, the world's leading ocean carrier and a Loadsmart investor since Series A. The arrangement was co-driven by Chromo Invest, with support from Perry Capital, established by Richard C. Perry; and Bramalea Partners, as of late established by Andrew Boyd, previous head of worldwide value capital business sectors at Fidelity Investments. Goldman Sachs and Co. LLC filled in as Loadsmart's select position specialist. Paul Hastings served as legal adviser.
The funding round concretes Loadsmart's situation as an innovator in the advanced cargo space. Loadsmart's financially traditionalist technique is remarkable among computerized contenders and has took into account capital-effective, reasonable development. Rather than developing by sponsoring its clients' cargo spend, the organization centers around natural development driven by operational greatness combined with API integrations, building up the innovation to offer genuine benefit added administrations to its clients. Loadsmart has developed incomes 250% since January 2020 while improving help quality, expanding gross edges and keeping operational costs at 2019 levels.
Maersk | May 13, 2020
Maersk expects to cancel 140 sailings in the second quarter after issuing 90 blank sailings (a 3.5% drop in capacity) earlier this year, the carrier said in its first-quarter report released Wednesday.The void trips are a way for the carrier to cut costs as demand for ocean freight falls due to lockdown measures stemming from the coronavirus pandemic. Maersk expects demand to fall 20% to 25% in the second quarter across all its businesses, it said in the report. The company had been forecasting a 1% to 3% increase in demand for ocean freight in 2020.The size of the company's global container fleet has grown to 23.3 million as of the end of the first quarter. The idle fleet grew to 9.4% (2.2 million TEUs) in the first quarter, which Maersk said was the "highest record in more than 10 years."The rate of ocean freight capacity cancellations has leveled off with carriers announcing six new blank sailings last week, but this is well above what is typically seen as a result of the Chinese New Year, according to the latest numbers from Sea-Intelligence.