It's a new year, but the supply chain industry isn’t slowing down! If anything, the industry is ramping up for another busy year despite the pandemic. Let’s kick off the beginning of the year with acquisitions in freight carriers, new regulations in logistics, and new SAP offerings you might’ve missed this month.
UPS is selling its LTL business (UPS Freight) to the Canadian-based trucking company TFI International for $800 million. TFI plans to combine UPS Freight with its existing LTL business segment in the second quarter of the year 2021, soon after the deal’s expected closure. The combined LTL services will be renamed to “TForce Freight.” For more information about the deal, visit FreightWaves.
Over the next two years, Amazon plans to invest and add 11 new planes into its air network to meet customer needs globally. Four of the planes will come online this year after passenger to cargo operations conversion. The rest of the aircrafts will be available for operations by 2022. Read about the expansion directly in Amazon’s press release.
Both Werner Enterprises and U.S. Xpress Enterprises made back-to-back investments in the self-driving technology vendor TuSimple. The companies join Schneider, VectoIQ, and other notable members in TuSimple’s Executive Advisory Board. TuSimple aims to bring to market an autonomous solution for long-haul freight transportation.
The EU-UK Trade and Cooperation Agreement was still in progress after the informal deadline at the end of 2020. Both sides, therefore, agreed the treaty would apply provisionally on January 1 with an agreement deadline at the end of February. The EU, however, now wants to push the deadline until April for more time to scrutinize the treaty and to translate the treaty into 23 official languages.
Amazon currently operates 10 fulfillment centers in Detroit but plans to expand its supply chain operations in 2021 with five more facilities. The new facilities will support:
After failing to resolve a dispute over aircraft subsidies with the European Union, the U.S. will collect duties on aircraft parts. The U.S. imposes an additional 15% tariff on aircraft components like fuselage and wing assembles. Additionally, there is now a 25% duty on specific wines.
With an increase reliance on Microsoft Teams in the last year, SAP dives right into enabling innovation and improving productivity by integrating Microsoft Teams with SAP solutions. The integration is planned for delivery by mid-2021. Discover what SAP CEO Christian Klein and other notable executives have to say about this collaboration and integration in SAP Press Room.