TRANSPLACE

Hot Freight Opinions: Reaction to Uber Freight acquiring Transplace

On Thursday, Uber Freight announced the acquisition of Transplace for $2.25 billion, a deal the companies say will “create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation and logistics networks in the world.”

We asked FreightWaves experts to provide us their Hot Freight Opinions (HFOs) on the deal:

Craig Fuller, founder and CEO

This is a monster deal in the FreightTech space and makes strategic sense for Uber Freight (NYSE:...

https://www.freightwaves.com/news/hot-freight-opinions-reaction-to-uber-freight-acquiring-transplace

Breaking news: Uber Freight to acquire Transplace for $2.25 billion

This is a developing story. More details to come.

Uber Freight announced it will acquire Transplace for $2.25 billion — an acquisition that “will create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation and logistics networks in the world,” according to Thursday’s press release.

Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. The transaction is subject to...

https://www.freightwaves.com/news/breaking-news-uber-freight-to-acquire-transplace-for-2-25-billion

Volatile markets here to stay: How shippers can mitigate further impact

Produce freight rates skyrocketing

The tables have drastically turned since last spring when the economic shutdowns led to a drop in demand, causing truckload rates to plummet to under $1 dollar per mile. For the past year, transportation costs for shippers have spiked, as spot market rates are well above $3 per mile, causing contract rates to rise as well.

As long as the current high-demand environment persists, spot rates will stay elevated. While orders for new trucks and the end of social distancing promise an influx of new...

https://www.freightwaves.com/news/volatile-markets-here-to-stay-how-shippers-can-mitigate-further-impact

Top 3 logistics tech trends for shippers to stay competitive

Two white trucks sharing the highway

Staying on the leading edge of technology requires time and capital investments, along with innovation and a corporate culture that values iteration. 

We recently caught up with Jim French, chief technology officer at Transplace, to get an inside view on high-impact trends in logistics tech. He says Transplace has been increasing its technology investments 25% each year for the past four years.

“We take innovation and invention seriously and encourage our employees to push the envelope on what’s...

https://www.freightwaves.com/news/top-3-logistics-tech-trends-for-shippers-to-stay-competitive

Raising the bar for OTIF performance: Transplace shares 3 tips for success

Walmart truck on highway

The world’s largest retailer has high expectations for on-time delivery. As of Sept. 15, Walmart is requiring suppliers to achieve 98% on-time and in-full (OTIF) delivery. Noncompliance incurs a 3% fine. Previously, Walmart required 70% OTIF for less-than-truckload (LTL) carriers and 87% for truckload carriers.

Walmart is not alone. In response to consumers’ urgent demands for stocked shelves, several other retailers have similar requirements of suppliers and consumer packaged goods (CPG)...

https://www.freightwaves.com/news/raising-the-bar-for-otif-performance-transplace-shares-3-tips-for-success

Best transportation companies for female employees named

The Women In Trucking Association (WIT) has released its 2020 list of the top transportation companies for females.

The annual Top Companies for Women to Work for in Transportation list was created by WIT magazine Redefining the Road in 2018 as part of its mission to promote the accomplishments of businesses focused on the employment of females in the trucking industry.

Companies making the list this year were listed alphabetically, beginning with AGT Global Logistics, founded and led by Angela...

https://s29755.pcdn.co/news/best-transportation-companies-for-female-employees-named

White Paper – Stress Testing Transportation Forecasts

The first half of 2020 has been the most significant stress test global supply chains and transportation networks have experienced since War World II. Even the financial crisis of 2008/2009 cannot compare to large swaths of the economy being either forcibly or voluntarily shut down at once to slow the COVID-19 pandemic. The stress tests are likely to continue as the global economy will probably stop and start again, depending on regional infection and transmission levels of COVID-19.

In this...

https://www.freightwaves.com/news/white-paper-stress-testing-transportation-forecasts

Commentary: Why now is an excellent time to sell your logistics business

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

While the ball was already rolling prior to COVID-19, Transplace’s most recent acquisition is a strategic move that couldn’t come too soon. The leading logistics provider announced on Sept. 1 its acquisition of LeanCor Supply Chain Group, a consulting firm specializing in lean principles. This marks Transplace’s third acquisition of 2020. 

We’ve seen recent,...

https://s29755.pcdn.co/news/commentary-why-now-is-an-excellent-time-to-sell-your-logistics-business

Transplace acquires consulting firm LeanCor Supply Chain Group

Tuesday morning, Transplace, a leading managed transportation and logistics services provider, announced the acquisition of LeanCor Supply Chain Group, a Florence, Kentucky-based consulting firm focused on end-to-end supply chain consulting, training, solutions and lean manufacturing principles.

LeanCor was founded in 2005 by Robert Martichenko, a recognized expert in lean principles, and grew to more than 100 employees. The deal was Transplace’s third this year, following the acquisitions of...

https://s29755.pcdn.co/news/transplace-acquires-consulting-firm-leancor-supply-chain-group

The Mystery of CPG #X: How a CPG Shipper Partnered with the Premier Provider of Logistics Technology and Services to Deliver Enhanced Performance and Cost Improvement

“When I started in my role in 2018, our absolute on-time delivery was only 72%. We paid $24 million in fines with the majority due to missed on-time delivery, now it’s a totally different story. Indeed, in 2020, Mars Petcare’s absolute on-time delivery has improved by 18% with associated fines being significantly reduced.” says Chris Ginest, North American Transportation Manager for Mars Petcare.

With 85 years of experience, Mars Petcare is a growing segment of approximately 50 brands, made up...

https://www.freightwaves.com/news/the-mystery-of-cpg-x-how-a-cpg-shipper-partnered-with-the-premier-provider-of-logistics-technology-and-services-to-deliver-enhanced-performance-and-cost-improvement

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