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Published- Jan 2023 Number Of Pages -89
United States is world`s second biggest auto market and automotive industry plays a crucial role in US imports and exports. It is the third largest automaker in the world with 11.7% of total automobile production, it is also the second largest automobile importer in the world after European Union.
Motor vehicles are the United States’ fourth most valuable export, trailing only aircraft, gasoline and oil, On the import side, passenger vehicles are ranked No. 1 for five consecutive years. Logistics players provide a wide range of functions this can be classified in the following way:
The United states Automotive Logistics industry can be segmented into following categories for further analysis.
By 2025, CEVA Logistics will have converted to low-carbon electricity all of its contract logistics and freight warehouses. The promise will rely on a combination of growing its own electricity output via rooftop solar panels, which the business will triple by the end of 2025, and acquiring low-carbon electricity (renewable and nuclear) from regional utility suppliers.
Additionally, CEVA anticipates employing only LED lighting in all of its storage facilities by the end of 2023.
Two US tradeshows will feature UgoWork, a Canadian energy solutions provider with a focus on lithium-ion batteries and Energy as a Service (EaaS) solutions for the material handling sector. These two occasions serve as significant turning points for UgoWork as it works to increase its footprint in the automotive logistics and supply chain industry.
A significant provider of logistics and freight forwarding services to the automobile sector, the FX Coughlin Group (“Coughlin”), has been acquired by Exel, a global leader in supply chain management systems. Before goodwill amortisation, it is anticipated that the acquisition will increase earnings.
It is also subject to various regulatory approvals. Coughlin offers comprehensive supply chain solutions, especially to the automotive industry, including domestic and international freight management, specialised contract logistics services, and custom packaging solutions.
Ford, Jaguar, Visteon, DaimlerChrysler, and General Motors are some of Coughlin’s clients. Coughlin has offices abroad in the UK, Mexico, Canada, Germany, the Netherlands, and Australia. Its headquarters are in Detroit, Michigan.
The incentive will be in the form of an initial cash payment and subsequent deferred payments based on three years of client retention. Additional payments can be made if the company’s performance greatly outperforms its existing profitability.
Any further payments will result in a decrease in the acquisition’s EV/EBIT multiple on realised earnings. After accounting for one-time expenses that are not anticipated to occur again, Coughlin generated underlying operating profits. The goodwill resulting from the transaction will be deductible for tax purposes.
The leader in autonomous mobile robots (AMR) for fulfilment warehouses, Locus Robotics, has announced the growth of their collaboration with DHL Supply Chain, the company that leads contract logistics for the Deutsche Post DHL Group.
In order to support the high volume order fulfilment for Carhartt, a major international clothing store, the extended cooperation involves the deployment of Locus autonomous mobile robots (AMRs) at DHL Supply Chain’s Canal Winchester and Lockbourne, Ohio fulfilment centres.
Through the use of autonomous mobile robots (AMR), CEVA Logistics and Geek+ are working together to more effectively connect customers with their preferred footwear and clothing.
The efforts to modernise CEVA’s Grobbendonk warehouse, which is situated in the Belgian province of Antwerp, amply highlight the advantages of AMRs by creating a more ergonomic working environment and boosting productivity while maintaining accuracy.
Five workstations and a fleet of 27 Geek+ P-series picking robots are now present in the warehouse. The picking robots can move at a maximum speed of 2 metres per second and can carry a payload of 1,000 kilogrammes. The goods-to-person solution developed by CEVA and Geek+ offers a high level of flexibility, prompt integration into the current processes, and the ability to handle daily quantities of more than 10,000 outgoing products.