English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

DB Schenker invests in uShip

ESSEN, Germany: February 15, 2017. DB Schenker is to invest US$25 million for a minority interest in online shipping marketplace uShip.

The company is using uShip technology to connect 30,000 European truckers via an on line freight brokerage platform called Drive4Schenker. The service launched in Germany this month.

"Platform economics and the 'Uberization' of everything—including trucking—have added fuel to this movement, as have forward-thinking major logistics providers like DB Schenker," said Matt Chasen, founder and CEO of uShip.

Drive4Schenker"It's exciting to be at the epicenter of this seismic shift as old-school shipping methods like phone calls, faxes, spreadsheets and whiteboards become a thing of the past."

Founded in 2003, the uShip marketplace has facilitated over one million deliveries, with service providers earning nearly US$1 billion.

Based in Austin, TX and Amsterdam, the company has local presence in 19 countries and seen pick up or delivery in 138; 3.5 million registered shipping customers including 400,000 business shippers; and 800,000 registered carriers worldwide.

"Expanding our successful partnership will expedite and streamline transport management and help us, as a market leader in European land transport, to handle even larger volumes of freight," said Schenker CEO Jochen Thewes. "We also intend to quickly develop and tap new opportunities to grow outside of our traditional business models."

Thewes added the investment in uShip was the company's largest in a digital logistics company.

uShip CEO Mike Williams, who took up his position on February 13 this year, said the past 12 months had shown the two companies "are a great fit when it comes to taking the lead in this macro transformation, and we're thrilled to deepen our partnership through its strategic investment".

More News

Written on 23/06/2017, 17:12
airlines-show-they-careSINGAPORE: June 22, 2017. Lufthansa Cargo, Swiss WorldCargo, United Cargo and Emirates SkyCargo have won DHL's 'Carrier Award for Reliability and...
Written on 23/06/2017, 15:27
a-good-week-for-qatar-airwaysDOHA: June 23, 2017. Notwithstanding a list of political demands on Qatar from some of its neighbors today, Qatar Airlines CEO Akbar Al Baker appears to...
Written on 22/06/2017, 21:24
project-cargo-gets-new-liftLE BOURGET: June 22, 2017. Lockheed Martin launched its latest commercial variant of the ubiquitous Super Hercules transport – the LM-100J – at the Paris...
Written on 20/06/2017, 21:31
us-500-million-for-hybrid-airshipsPARIS, June 20, 2017. Hybrid Air Freighters (HAF) has signed a Letter of Intent to purchase up to 12 Lockheed Martin Hybrid Airships for US$500 million...
Written on 20/06/2017, 19:03
ethiopian-adds-more-b777-freightersLE BOURGET, France: June 20, 2017. Ethiopian Airlines is adding to its fleet of six B777 freighters with the purchase of two more with a list price of...
Written on 19/06/2017, 13:44
freightweek-news-update-week-25BUCHAREST: June 22, 2017. Albalact – Romania's largest dairy company – has renewed its contract with Tibbett Logistics to provide delivery of dairy...
Written on 13/06/2017, 22:19
emirates-sky-cargo-begins-luxembourg-serviceDUBAI/ LUXEMBOURG: June 13, 2017. Emirates SkyCargo began its first weekly B777 freighter service to Luxembourg this week as part of its strategic...
Written on 13/06/2017, 21:31
cma-cgm-to-buy-maersk-s-mercosul-subsidiaryCOPENHAGEN/MARSEILLE: June 13, 2017. A.P. Møller – Mærsk has confirmed the sale of its Mercosul Line subsidiary to CMA CGM to avoid market dominance...
Written on 12/06/2017, 13:37
freightweek-news-update-week-24PORT ELIZABETH, NJ: June 15, 2017. The Ocean Alliance has begun its first weekly U.S. East Coast Loop 3 service with a call by the 8,700 TEU capacity CMA...
Written on 09/06/2017, 21:41
antonov-makes-last-minute-andean-liftMENDOZA, Argentina: June 07, 2017. Antonov used an AN124-100 in late May to move mining equipment weighing a total of 24 tonnes from Santiago, Chile to...
Written on 08/06/2017, 22:41
turkish-cargo-gets-the-word-out-and-the-business-inISTANBUL: June 08, 2017. Turkish Airlines has reported a gross profit of US$117 million on revenue of US$1.93 billion for Q1 2017 as the contribution...
Written on 08/06/2017, 20:37
customs-and-air-cargo-belgium-to-share-visionBRUSSELS: June 07, 2017. Belgian Customs and sector representative Air Cargo Belgium have agreed to "execute a common vision concerning the optimization...
Written on 08/06/2017, 19:40
schiphol-pharma-gateway-adds-abcAMSTERDAM: June 07, 2017. AirBridgeCargo Airlines (ABC) has become the second airline and 14th member of the Pharma Gateway Amsterdam (PGA) initiative...
Written on 07/06/2017, 15:47
ups-suspends-pick-ups-for-qatar-as-embargo-continuesATLANTA: June 06, 2017 UPS has informed its customers that direct import and export to and from Qatar is not be possible, following the decision by...
Written on 06/06/2017, 19:00
maskargo-boost-to-malaysia-ecommerceKULA LUMPUR: June 06, 2017. MASkargo has begun a five times weekly A330 freighter service between Kuala Lumpur International Airport (KIA), Kota Kinabalu...
Written on 06/06/2017, 15:51
delta-and-aeromexico-sign-transborder-agreementATLANTA/MEXICO CITY: June 06, 2017. Delta Cargo and Aeromexico Cargo have signed a sales, operations and marketing agreement to develop the transborder...
Written on 05/06/2017, 14:21
freightweek-news-june-05-09MARSEILLE: June 09, 2017. CMA CGM is to introduce a new box service linking the East Mediterranean, Djibouti, Gulf, Pakistan and India. Read...
Written on 31/05/2017, 21:02
big-jump-in-gross-profit-for-gefcoCOURBEVOIE, France: May 30, 2017. Gefco, the automotive logistics specialist owned by RZD Russian Railways, has reported a 1.3 percent increase in revenue...
Written on 31/05/2017, 15:32
bertschi-award-winning-tanks-head-westDURRENASCH, Switzerland: May 29, 2017. Liquid logistics specialist Bertschi has begun an 18-day movement of 82 ISO tank containers from Korla in Western...
Written on 30/05/2017, 21:52
new-logistics-center-for-tehran-airportTEHRAN: May 30, 2017. PressTV, owned by Islamic Republic of Iran Broadcasting, reports a Swiss and Dutch company will design, develop and construct the...

- powered by Quickchilli.com -