FREIGHT

UPS Announces Agreement to Sell UPS Freight to TFI International Inc.

UPS | January 25, 2021

UPS, has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. (NYSE and TSX: TFII) for $800 million, subject to working capital and other adjustments.

“We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International Inc.,” said UPS Chief Executive Officer Carol Tomé. “The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.”

The decision to sell UPS Freight was reached following a thorough evaluation of the UPS portfolio, and aligns with the company’s “better not bigger” strategic positioning.

UPS and TFI International will also enter into an agreement for UPS Freight to continue to utilize UPS’ domestic package network to fulfill shipments, for a period of five years.

The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close during the second quarter of 2021. UPS expects to recognize a non-cash, pre-tax impairment charge of approximately $500 million on its statement of consolidated income for the year ended December 31, 2020.

With an operating history of over 85 years, UPS Freight is one of the largest LTL carriers in the U.S., offering a full range of regional and long-haul solutions and an on-time delivery guarantee for all LTL shipments and is headquartered in Richmond, VA.

Goldman Sachs & Co. LLC is serving as financial advisor, and King & Spalding LLP is serving as legal advisor to UPS.

Spotlight

It’s no secret that the supply chain of most companies remains an area of untapped value. Executives are broadly aware of opportunities to reduce supply chain costs/assets and improve processes, but they need to put a few basic principles to work to capture more value from the improvement initiatives.


Other News
LOGISTICS

Arrive Logistics Acquires Cross-Border Business from Forager

Arrive Logistics | February 02, 2022

Arrive Logistics, a multimodal transportation and technology company, announced today that it has acquired Forager Group's cross-border business and proprietary platform. The acquisition enables Arrive to strengthen its cross-border services and technology offerings in Canada and Mexico, further executing the company's strategy to expand its service portfolio. Forager Group's team of cross-border specialists and industry leading technology are excellent additions to our business, By integrating Forager's cross-border platform into our transportation management system, Arrive can continue to deliver and expand services to Forager's customers while providing new capabilities to our existing partners. Through the network, expertise, and technology of both organizations, Arrive will scale our cross-border footprint into an industry leader." Matt Pyatt, Founder and CEO of Arrive Logistics. This acquisition will equip Arrive to deliver better visibility into cross-border shipping, leveraging purpose-built technology to generate value and provide a one-stop-shop freight experience. Increases in cross-border trade, in-sourcing and near-sourcing are expected to continue to rise over the next five years which point to a growing need for these specialized capabilities within the logistics space. Arrive Logistics provides the scale and capital needed to grow Forager's existing cross-border business, We look forward to continuing to support Forager's customers leveraging Arrive's team and technology. Arrive is one of the industry leaders in domestic truckload, and our shared philosophy in company culture and how we prioritize ease of doing business for our partners made this acquisition a natural fit." Matt Silver, founder and CEO of Forager Group, Inc. The new capabilities further strengthen Arrive's leadership position as a fast-growing transportation company while fulfilling the company's goal of expanding its breadth of services and driving strong growth. About Arrive Logistics Arrive Logistics is a leading multimodal transportation and technology company delivering unparalleled service and custom strategic solutions. With over 1,500 employees, 4,000 customers, and 50,000 carriers in its network, Arrive is one of the largest firms in the 3PL industry, having surpassed $1.6 billion in 2021 revenue. The company has been recognized as a top workplace in Austin by Built in Austin and The Austin Statesman and in Chicago by The Chicago Tribune.

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SUPPLY CHAIN

UWL Launches Express Service from Vietnam to Seattle

UWL | May 02, 2022

UWL, a top 10 American-owned NVOCC and leading provider of global 3PL services, has contracted with Swire Shipping, a multi-purpose liner service, to launch a new, exclusive express service, departing from Ho Chi Minh City and arriving at the Port of Seattle in 18 days. Providing speed and predictability, the bi-weekly service offers the fastest trip from Vietnam to the US. This revolutionary agreement is the first dedicated ocean service by an NVOCC in the trade.“Customers have been asking for creative solutions during this extremely challenging market, and this first-of-its-kind service is part of our response. Congestion and rate spikes will come and go, but the root issues remain. US importers are pushing for more creativity and controlled reliable solutions to manage supply chain risk,” UWL President Duncan Wright said. The service offers priority berthing at both origin and destination, and a dedicated equipment pool for suppliers in Ho Chi Minh City. This includes 6,000 brand-new ocean containers, with 40-foot-high cube and 20-foot containers already in the rotation. Predictability is assured, as schedules are published six months in advance, with two sailings per month. Upon arrival in Seattle, those needing warehousing or distribution space can take advantage of UWL’s sister company, World Distribution Services (WDS), and its brand-new 300,000 sq. ft. facility near Tacoma, WA, just a short drive away from the Port of Seattle. “In joining forces with UWL, an innovative and integrated logistics provider to American BCOs, we are confident that our ocean express solution will be compelling to importers and exporters who need a direct port-to-port, fast, and reliable service between Vietnam and the Pacific Northwest, which facilitates trade in more than 90 countries and across 400 ports. Our partnership is built on a joint vision of responding to customers’ desire for reliable, safe, and innovative shipping solutions.” -Rufus Frere-Smith, Regional Head, Americas, Swire Shipping Mr. Wright noted: We have seen incredibly strong demand for this service already, which tells us that fast and reliable niche services are here to stay. Our relationship with Swire Shipping is critical to making all this work. Their remarkable 150-year history and robust knowledge of ocean shipping and strong Asia legacy, combined with UWL’s culture of innovation, brings this dedicated service to life. Mr. Frere-Smith commented: “We have deployed new state-of-the-art, fuel-efficient vessels that will sail at high speed, safely and sustainably. We are confident customers and BCOs will find this direct, express service to be extremely effective in shipping their high value products and getting to market quickly.” About UWL UWL is a top 10 American-owned NVOCC and leading provider of global 3PL services. They take pride in delivering seamless supply chain solutions backed by a team of creative problem-solvers. Specializing in ocean transportation, air freight, road and rail, warehousing and distribution, project cargo, and customs house brokerage, their proof is in owned assets: a national network of distribution centers, dependable trucking capacity, and WorldScope, a user-friendly data management platform that delivers transparency and visibility customers can count on. Wherever your freight needs to go, they can help get it there. To find out more, visit their website at www.shipuwl.com About Swire Shipping Swire Shipping is a privately owned organization that was founded in 1872 and now comprises over 600 employees in 20 countries and owns and deploys over 30 vessels in the intra-Asia, Australasia, and Polynesia trades. It is part of the Swire Group which is a Hong Kong- and London-based British conglomerate. Many of its core businesses can be found within the Asia Pacific region, where traditionally Swire’s operations have centered on Hong Kong and mainland China. Its subsidiaries include Cathay Pacific Airlines, Swire Properties, China Navigation Company, Swire Hotels and Swire Resources. About World Group World Group was founded over 60 years ago as a pioneer in vessel agency services on the Great Lakes. Today, they are home to a portfolio of globally trusted brands that deliver customers end-to-end supply chain and logistics solutions, including ContainerPort Group, UWL, World Distribution Services, and World Shipping, Inc. With industry-leading products in ocean drayage and domestic trucking, freight forwarding and air freight, customs house brokerage, vessel husbandry, and warehousing and distribution, customers around the globe use their services to simplify supply chains and reliably move freight. Offering career opportunities across the country for innovators in the transportation industry, their award-winning culture is anchored in people who live and breathe the company’s core values daily. Learn how to join the World Group family by visiting their careers page.

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TRANSPORTATION

Semtech and WITRAC Transform Asset Tracking For Maritime Transport Utilizing LoRaWAN®

Semtech | May 27, 2022

Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Boluda Corporación Marítima, a leading global maritime services provider, will leverage an asset tracking solution from WITRAC, a Valencia-based company offering innovative technology solutions that connect and provide visibility to the value chain. Integrated with Semtech’s LoRa® devices and the LoRaWAN® standard, WITRAC’s Total Track & Trace Intelligent Platform transports cold chain assets in Boluda’s supply chain, providing citizens of the Canary Islands with the first daily transportation of cargo from the peninsula with over 350 successful voyages. “Semtech’s LoRa devices offered a cost-effective solution for WITRAC’s Total Track & Trace Intelligent Platform. With ships transporting thousands of containers, installing a satellite modem in each container would make this type of solution economically non-viable, Employing a network using LoRaWAN as well as leveraging the LoRa 2.4GHz band allowed us to place a WITRAC device in every single container to share real-time offshore and onshore visibility to thousands of containers — an unmatched value for our customers.” -Jose Pons Ballester, co-founder and CTO of WITRAC Using a combination of LoRaWAN, Wi-Fi, BLE, and cellular connectivity options in the same hardware device, WITRAC’s Total Track & Trace Intelligent Platform provides real-time visibility and control of offshore operations. In addition to temperature monitoring, the platform’s “Perfect Route System” is able to geolocate a fleet’s vessels, allowing alerts to be set for deviations in fuel consumption, speed, routes, or miles traveled, which also permits shippers to take corrective measures en route. The success of the platform led Boluda to implement WITRAC’s platform to monitor the location and temperature status of the fresh food and medicine on its seven container vessels traveling 700 miles from the Spanish mainland on the maritime corridor linking the Port of Cádiz to the island ports of Las Palmas and Tenerife. “Remotely monitoring the location and temperature of assets during an entire cold chain was once viewed as a challenge. Through implementing LoRa devices and LoRaWAN, asset tracking has never been more simple and cost effective, WITRAC’s tracking solution is a valuable example of how LoRa and LoRaWAN networks can transform smart logistics to prevent loss or damage of assets no matter the distance.” -Marc Pégulu, vice president of IoT product marketing and strategy for Semtech’s Wireless and Sensing Products Group WITRAC Co-Founder and CTO José Pons Ballester will be discussing the benefits of the Boluda “Daily Canarias” solution at the LoRaWAN World Expo taking place July 6-7, 2022, in Paris, France. Register for the conference here. To learn more about WITRAC’s Total Track & Trace Intelligent Platform, please visit here. About Semtech’s LoRa® Platform Semtech’s LoRa device-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of ultra-low power, cost efficient and long range IoT networks, gateways, sensors, module products, and IoT services worldwide. Semtech’s LoRa technology provides the communication layer for the LoRaWAN® standard, which is maintained by the LoRa Alliance®, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 170 countries. With the proliferation of LoRa devices and the LoRaWAN standard, the LoRa Developer Portal is a place to learn, connect, collaborate, and find resources to help accelerate your LoRa development process. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site. About WITRAC WITRAC helps companies be more efficient and competitive thanks to innovative technological solutions that connect and give visibility to the value chain of its clients. Able to identify, locate, measure, and control wirelessly and in real time, any asset, anywhere, WITRAC fabricates its own hardware and software based on the IoT and AI technology, in order to satisfy the industry's tracing needs. Its digitalization and automatization solutions combine multiple connectivity devices and protocols with a management platform, in order to generate data and transform it into useful information and valuable insights. Please visit www.witrac.es. About Boluda Corporación Marítima Boluda Corporación Marítima is the leading Spanish maritime group with more than 185 years of experience. It has a global presence, operating in Central America, South America, the Caribbean, Africa, Cabo Verde, the Indian Ocean and Europe. This love of hard work and affinity with the sea has been passed down between generations in the Boluda family and developed over time into a sector leading corporation. The company is organized into two strategic divisions: Boluda Towage and Boluda Shipping. And two smaller divisions: Boluda Port Services and VB Comisarios de Averías. Boluda Towage’s main focus is tugboat services, the core business and essential for facilitating traffic flow in the port area and provides port, coastal and offshore towing and sea salvage. This division has a fleet of 400 vessels present in the main ports of Europe, Africa, the Indian Ocean and Latin America. Boluda Shipping is the division providing maritime services in comprehensive transportation, logistics and international freight management. Its wide network of company offices in the main Spanish ports as well as a variety of international ports provide a single point of contact for all stopovers and port operations, with customer service and information provided 24/7 365 days a year. Find more information at www.boluda.com.es. About Semtech Semtech Corporation is a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.

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LOGISTICS

CalAmp’s Tracker Brings Secure Supply Chain Visibility Solution to Pan-European Transportation and Logistics Operators

CalAmp | May 16, 2022

CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, announced its subsidiary, Tracker Network (U.K.) Ltd., is offering its Supply Chain Visibility solution to pan-European transportation and logistics operators to deliver reliable, cost-effective, end-to-end cargo tracking of shipments. The solution will particularly benefit multinational businesses in the pharmaceutical, electronics, biotech, food and consumer goods industries looking to secure high-value, high-risk shipments in transit, while also improving supply chain efficiency and offering essential documentation for regulatory compliance purposes. CalAmp’s Supply Chain Visibility solution is enabled by a portfolio of wireless sensors and other reusable and single-use devices that can be affixed to assets to track and collect critical data, such as temperature, light, shock, vibration and location. The solution enables operators to monitor cargo throughout the shipment journey from a manufacturer through land, sea and air touchpoints to the final destination. Upon arrival, the sensors automatically synchronize with CalAmp’s fixed and mobile hubs to support chain of custody documentation and environmental reporting. Sensor data sent through the CalAmp Telematics Cloud can be directly integrated into warehouse, fleet and logistics management systems via Application Programming Interfaces (APIs). “The pandemic brought to light many challenges within the global supply chain, from port and border closures to product shortages and COVID-19 vaccine shipments. Manually tracking goods in transit exposes cargo to human error and theft, and limits visibility into environmental damage,” explained Mark Rose, managing director for Tracker. “Sensor- and API-enabled smarter logistics systems like CalAmp’s Supply Chain Visibility solution prove invaluable in reducing freight spoilage, optimizing supply chain performance, documenting chain of custody and protecting brand integrity.” The CalAmp Supply Chain Visibility solution provides: Reporting and data analytics: Logging of data to help document chain of custody in compliance with Food Safety Modernization Act (FSMA) and Good Distribution Practice (GDP) requirements Critical alerts and notifications: Immediate web-based and mobile alerts when a shipment exceeds a predetermined temperature range or goes out of the authorized shipping zone, enabling supply chain operators to take corrective action to minimize spoilage and loss Near real-time location tracking: CalAmp’s smart sensors and disposable devices utilize GPS tracking to provide near real-time delivery estimates, current location and progress reports even when cargo is in the hands of a third-party provider Geofencing and route fencing: Alerts notify users if the cargo deviates from the planned route or strays from authorized waypoints Stationary and movement detection: Detection of when a shipment is moving or stalled, which is especially important when navigating high risk areas in route between waypoints API integration: CalAmp integrates with Electronic Data Interchange (EDI) or Enterprise Resource Planning (ERP) systems to facilitate information sharing, collaboration and transparency along the entire supply chain External sharing of critical sensor readings and history: A device’s sensory reading, location and historical data can be shared with other stakeholders including third-party logistics providers (3PLs), private fleet operators, warehouses and distribution centers. “The need for real-time, end-to-end cargo visibility has never been greater than in today’s complex, just-in-time global supply chain. Manufacturers, logistics operators, consumers and regulators all want to ensure their shipments in transit adhere to strict safety and compliance requirements and will arrive quickly and as expected, We’re excited to provide this level of visibility and intelligence to the European market through our Supply Chain Visibility solution. For our customers shipping goods across pan-European regions, these location and environmental insights will strengthen the reliability, security and efficiency of their operations to benefit all stakeholders in the supply chain.” -Jeff Clark, chief product officer, CalAmp. About Tracker Network (UK) Limited Tracker Network (UK) Limited, a wholly owned subsidiary of CalAmp, has been leading the way in the field of stolen vehicle recovery and insurance and fleet telematics since 1993. With over a million market-leading security and telematics systems fitted to vehicles including passenger cars, motorcycles, commercial vehicles and plant and construction equipment, Tracker’s connected intelligence solutions help people and businesses work smarter. Together with the police, Tracker has to date recovered over £571 million worth of stolen vehicles and continues to recover on average £1 million worth of stolen vehicles each month. Tracker’s award-winning products ensure its customers have complete peace of mind. For more information, visit www.tracker.co.uk or LinkedIn, Facebook, Twitter, Instagram or Tracker Insights.      About CalAmp CalAmp (Nasdaq: CAMP) is a connected intelligence company that leverages a data-driven solutions ecosystem to help people and organizations improve operational performance. We solve complex problems in transportation and logistics, commercial and government fleet, industrial equipment and consumer vehicle marketplaces by providing solutions that track, monitor and recover vital assets. The insights enabled by our cloud platform, applications and edge computing devices drive operational visibility, safety, efficiency, maintenance and sustainability. Headquartered in Irvine, California, CalAmp has over one million software and services subscribers and 10 million edge devices deployed worldwide. For more information, visit calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog. CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, iOn Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

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Spotlight

It’s no secret that the supply chain of most companies remains an area of untapped value. Executives are broadly aware of opportunities to reduce supply chain costs/assets and improve processes, but they need to put a few basic principles to work to capture more value from the improvement initiatives.

Resources