DB Schenker to Collaborate on Innovation in Supply Chain & Logistics with Plug and Play Hamburg

DB Schenker, the world's leading logistics provider, is joining a partnership with Plug and Play, the world's largest global innovation platform and most active venture capital investor. With this cooperation, DB Schenker gains access to Plug and Play's Corporate Innovation Network and enters an open exchange with innovators and thought-leaders from more than 300 corporations and tens of thousands of startups.

Markus Sontheimer, DB Schenker's CIO/CDO, says, "The logistics industry is changing at an unprecedented pace due to digital and technological disruptions. DB Schenker has been at the forefront of digital revolution in logistics and we will continue to drive change as a digital value generator for our customers. We are excited to partner with Plug and Play's unique and versatile network to start an exchange that leads us all forward in digitalizing logistics."

"With DB Schenker joining as Anchor Partner in Plug and Play Hamburg, our European Headquarters for Supply Chain & Logistics, we are excited to welcome a world-renowned expert in logistics to our network of corporates and startups," says Saeed Amidi, CEO & Founder of Plug and Play. "This space offers unprecedented opportunities and we're looking forward to exploring these together with DB Schenker in the months and years to come."

About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 25 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 300 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal. For more information, visit www.plugandplaytechcenter.com.

Blackstone Completes the Acquisition of U.S. Logistics Assets from GLP, Adding to Firm’s Leading Global Portfolio

Blackstone announced that it has closed on its previously announced acquisition of U.S. logistics assets from three of GLP’s U.S. funds for a purchase price of $18.7 billion.

As previously announced, Blackstone Real Estate’s global opportunistic BREP strategy is acquiring 115 million square feet for $13.4 billion and its income-oriented non-listed REIT, Blackstone Real Estate Income Trust (BREIT), is acquiring 64 million square feet for $5.3 billion.

DHL Global Trade Barometer: World trade at crossroads

Overall index decreases by -1 point to 47
Downward trend has slowed with all country indexes close to 50 points
Japan and UK continue to grow

"After many years of strong growth, the GTB indicates that world trade is still closer to staying at its high level," Tim Scharwath, CEO of DHL Global Forwarding, Freight
Bonn - The DHL Global Trade Barometer (GTB) forecasts a mild decline in world trade. The overall index fell by -1 point to 47, indicating that global trade will further lose momentum over the next three months. However, the downward trend has slowed perceptibly since the June update, when the GTB index registered a loss of -8 points. Deceleration is spreading across nearly all GTB countries with now five out of seven in a negative territory. Declining global air trade was the sole trigger by losing -4 points to 45, whereas the index for global ocean trade remained unchanged at 48.

"Worldwide, trade conflicts continue to smolder. Geopolitical tensions are causing uncertainty. Against this backdrop, global trade continues to develop surprisingly well. Although the DHL Global Trade Barometer has further decreased - with an index value of 47 points -world trade is still closer to staying at its high level," Tim Scharwath, CEO of DHL Global Forwarding, Freight, said. "This strengthens our conviction that globalization will go on and that logistics will remain its key enabler also in the future."

Consistent overall picture indicates stagnating world trade

On country level, the GTB shows little deviation between the seven constituent economies as well as in comparison to the previous update in June. All country indexes settle close to 50 points, which is the threshold for growth. Five out of seven countries show slightly negative growth indicators, recording indexes right below 50.

Eswar S. Prasad, Professor of Trade Policy and Economics at Cornell University in Ithaca, NY, USA, comments: "China-U.S. trade tensions have ratcheted up to higher levels and are already affecting global supply chains as businesses adjust to the new reality that both sides are digging in for a long trade war. Rising trade tensions in other parts of the world, including between Japan and Korea, and the looming prospect of a messy Brexit are likely to have an increasingly disruptive effect on world trade volumes. The level of uncertainty about macroeconomic growth prospects has driven down business investment around the world, with adverse effects on cross-border trade of machinery and equipment. Household consumption has remained strong in most major economies but the stagnation of trade in consumer durables, reflected in the GTB component indexes, portends weakening in this key driver of GDP growth. Overall, this GTB update confirms the slowdown in global growth and heightens concerns about growth stagnation in the coming months."

Only for UK and Japan the Barometer forecasts a positive growth momentum for the next three months (53 points). Quarter-to-quarter comparison illustrates that both countries reveal see-saw positions, with Japanese trade coming from a negative to a positive index and U.K declining by -3 points since June. Due to the persisting Brexit uncertainty both, air and ocean trade in the UK dropped, following a cool down of several industry sectors, particularly Consumer Fashion Goods, Industrial Raw Materials and Land Vehicles & Parts. Japanese trade, on contrary, seems to accelerate growth with a rise of +3 points since the previous update in June. This positive development is driven by the rejuvenated ocean trade in Japan picking up +6 points to 55, due to the robust growth outlook for Industrial Raw Materials and the correspondingly lifted ocean export outlook. Apart from that, even for Japan the quarter was rather sluggish as all other industries are expected to contract.

Impact of US-Chinese tensions reflected in their own results

The trade conflict between China and the US keeps simmering, resulting in an overall subdued trade mood, with US and China accounting for the most negative trade outlooks in September. It is expected that US trade will shrink further, remaining in negative territory with 45 points, despite having climbed +1 point since June. Both, US air and ocean trade prospects are almost unchanged compared to the previous update. For Chinese trade, the GTB forecasts a moderate decline by - 4 points to 45. Main driver of this development is the weak performance of Chinese air trade which has dropped significantly by -8 points to 43 over the past three months.

Apart from the US and China, South Korea is the third country with an overall outlook of only 45 index points. The remaining two countries, Germany and India, both fell below the 50-points-threshold, with 48 and 49 points, respectively.

DHL and Agility remain exclusive logistics partners of Messe Frankfurt

Successful contract extension includes innovative paperless technology and digital dimensioning solution

Messe Frankfurt, the world's largest trade fair, congress and event organizer with its own exhibition grounds, has extended its exclusive cooperation with forwarding agents DHL Trade Fairs & Events and Agility for five years. This is the third time in a row that both companies have been contracted as the official logistics providers for the exhibition grounds in Frankfurt. These grounds span almost 60 hectares, and feature 11 halls with over 450,000 sqm of indoor and outdoor exhibition space. Messe Frankfurt organizes close to 50 trade fairs and hosts about 250 congresses and guest events a year on its venue, including the Frankfurt Book Fair and the International Motor Show (IAA).

"Together with our partners DHL and Agility, we are able to provide ideal logistics services for our customers. It is good to know that we can rely on smooth processes as these are a core asset in terms of successful trade show organising", says Oliver Schell, Vice President Logistics of Messe Frankfurt.

"We're proud to be an exclusive logistics partner for Messe Frankfurt", says Stefan Engisch, Head of DHL Trade Fairs & Events Germany. "This contract is one of the biggest in global exhibition logistics and by combining best-in-class services and innovative technological solutions we have once more proven being provider of choice for fair and event logistics."

At the Messe Frankfurt exhibition grounds, Agility and DHL work closely to coordinate the delivery of goods to the exhibition grounds, handle customs procedures, loading and unloading, and ensure the timely delivery of exhibits and their assembly at exhibition stands. Exhibitors have access to a large warehouse for empty transport packaging and unneeded exhibition material. To facilitate and expedite the dimensioning and registration process of all incoming and outgoing shipments DHL Trade Fairs & Events implemented an innovative volume measurement solution. The solution works with camera sensors of a renowned game consoles manufacturer using 3D camera technology.

Further, a specially designed IT solution has been introduced to ensure the smooth and largely paperless handling of all orders, giving all three partners - Messe Frankfurt, DHL and Agility - simultaneous access to all information from every order. Employees will use mobile devices to record all deliveries upon arrival. Additionally, orders, changes and performance specifications can be saved and displayed in real time.

"Agility has been working with DHL to organize professional logistics for exhibitors and visitors at Messe Frankfurt since 2007. Our experience working at this venue gives us unrivaled knowledge of the exhibition space, and demonstrates our successful track record of delivering outstanding logistics services at events and exhibitions across the globe," said Markus Lingohr, CEO for Central Europe at Agility.

A.P. Moller - Maersk upgrades its digital Warehousing and Distribution with JDA

A.P. Moeller - Maersk will extend its end-to-end container logistics services with JDA Software Inc.’s Warehouse Management solutions, further building its warehousing and distribution services. The move is part of Maersk’s ongoing focus on digital technologies that simplify its customers’ increasingly complex supply chains.

Today Maersk Warehousing and Distribution provides its customers the advantages of an end-to-end delivery network and greater flexibility through a wide range of logistics solutions, in strategically located warehouses, as well as the latest processes and systems for cost effective distribution networks.

The addition of JDA’s cloud-based solutions will expand the range and flexibility of Maersk’s delivery services even further. JDA’s state-of-the-art Warehouse Management System will help Maersk customers improve warehousing processes and efficiency while lowering inventory costs. It will also help Maersk customers balance the imperative of on-time delivery with the need for cost-effective distribution.

“‘Digital’ is no longer just a buzzword, today it is unlocking tremendous value for our logistics and warehouse customers in terms of simplification and better performance,” said Henning Goldman, Global Head of Warehousing and Distribution, Maersk. “JDA’s deep expertise and leading innovation are already creating competitive advantages for its customers. The addition of these exciting solutions to our portfolio is going to help Maersk continue offering our customers truly unique, end-to-end solutions

Getting inventory to the right location and at the right time today often depends on networks with multiple suppliers and carriers. Digital solutions can provide visibility throughout the supply chain to improve on-time performance, for example coordinating the schedules of several carriers to adapt to real-world disruptions such as adverse weather. They can also simplify complex transactions between different players and sites with very different operating conditions.

“Maersk is continuing to lead the industry’s digital transformation,” said Johan Reventberg, president, EMEA, JDA. “Deploying JDA Warehouse Management, a SaaS (Software-as-a-Service) based model in the cloud will unlock complete, end-to-end visibility so Maersk can easily manage complex warehouse operations across myriad customer environments.”

Maersk will initially deploy JDA Warehouse Management in Europe (Gothenburg) and the U.S. (Newark and Santa Fe) in Q4 this year and will use these sites to build the template for the global rollout across Maersk warehouse facilities.

Kuehne + Nagel offers CO2 neutral transport as of 2020

Proprietary big data applications enable CO2 reduction for customers
Kuehne + Nagel to be CO2 neutral for shipments in its network of transport suppliers by 2030

Expansion of environmental measures at the workplace

Schindellegi, CH, September 23, 2019 ? By launching its Net Zero Carbon programme, Kuehne + Nagel actively contributes to the reduction of CO2 in transport and logistics worldwide. In addition to the continuous reduction of its own CO2 emissions, the company now offers its customers solutions for reducing the CO2 footprint of their supply chain. With the use of big data and new digital platforms, the selection of transport routes and modes can be optimised from a CO2 perspective.

As a pioneer in the industry, Kuehne + Nagel has also decided to proactively address the CO2 footprint of the transportation services performed by its suppliers ? airlines, shipping lines and haulage companies. Kuehne + Nagel targets comprehensive CO2 neutralisation (Scope 3 of the Greenhouse Gas Protocol ? GHG) by 2030. As a first step, all less-than-container-load (LCL) shipments will be CO2 neutral from 2020 onwards.

Kuehne + Nagel's Net Zero Carbon programme leverages three fields of action: detection, reduction and compensation of CO2. The company has started its own nature projects in Myanmar and New Zealand and has invested in various nature-based CO2 compensation projects, where carbon is being taken from the atmosphere. The emission credits obtained are in accordance with the highest international standards.

Over the past years, Kuehne + Nagel has considerably reduced its own CO2 footprint and will continue to pursue its efforts. Ongoing training programmes maintain and expand the environmental awareness of employees. For example, video conferencing increasingly replaces business trips. Direct Kuehne + Nagel CO2 emissions (GHG Scope 1 and 2) that cannot be avoided will be fully compensated as of 2020.

Dr. Detlef Trefzger, Chief Executive Officer of Kuehne + Nagel International AG, comments: "As one of the leading logistics companies worldwide, we acknowledge the responsibility we have for the environment, for our ecosystem and essentially for the people. Today's announcement is based on a package of measures to fight CO2 emissions and provide sustainable and innovative supply chain solutions ? hand in hand with our suppliers and customers. We thus support the aim of the Paris agreement to limit global temperature rise to 1.5°C."

FedEx Corp. Reports First Quarter Earnings

FedEx Corp. today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude TNT Express integration expenses as described below):

Fiscal 2020 Fiscal 2019
Dollars in millions,
except EPS As Reported (GAAP) Adjusted(non-GAAP) As Reported(GAAP) Adjusted(non-GAAP)
Revenue $17,048 $17,048 $17,052 $17,052
Operating income $977 $1,048 $ 1,071 $1,192
Operating margin 5.7% 6.1% 6.3% 7.0%
Net income $745 $800 $835 $933
Diluted EPS $2.84 $3.05 $3.10 $3.46

This year’s and last year’s quarterly consolidated results have been adjusted for TNT Express integration expenses of $71 million ($0.21 per diluted share) for this year and $121 million ($0.36 per diluted share) for last year.

“Our performance continues to be negatively impacted by a weakening global macro environment driven by increasing trade tensions and policy uncertainty,” said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. “Despite these challenges, we are positioning FedEx to leverage future growth opportunities as we continue the integration of TNT Express, enhance FedEx Ground residential delivery capabilities and modernize the FedEx Express air fleet and hub operations.”

Operating results declined primarily due to weakening global economic conditions, increased costs to expand service offerings and continued mix shift to lower-yielding services. The impact of one fewer operating day and the loss of business from a large customer also negatively impacted results. These factors were partially offset by lower variable incentive compensation expenses, revenue growth at FedEx Ground and increased yields at FedEx Freight.

2020 Rate Increases

As previously announced, effective January 6, 2020, FedEx Express, FedEx Ground and FedEx Home Delivery shipping rates will increase by an average of 4.9%, while FedEx Freight shipping rates will increase by an average of 5.9%. Details related to these and additional changes to rates and surcharges are available at fedex.com/rates2020.


FedEx is unable to forecast the fiscal 2020 year-end mark-to-market (MTM) retirement plan accounting adjustment. As a result, the company is unable to provide a fiscal 2020 earnings per share or effective tax rate (ETR) outlook on a GAAP basis.

FedEx is lowering its fiscal 2020 earnings forecast as the company’s revenue outlook has been reduced due to increased trade tensions and additional weakening of global economic conditions since the company’s initial fiscal 2020 forecast in June. The company’s revised outlook also reflects increased FedEx Ground costs and August’s loss of FedEx Ground business from a large customer. In addition, the FedEx ETR is now expected to be 24% to 26% before the year-end MTM retirement plan accounting adjustment, due to lower-than-expected earnings in certain non-U.S. jurisdictions.

FedEx now forecasts earnings of $10.00 to $12.00 per diluted share before the year-end MTM retirement plan accounting adjustment, and earnings of $11.00 to $13.00 per diluted share before the year-end MTM retirement plan accounting adjustment and excluding TNT Express integration expenses. The capital spending forecast remains $5.9 billion.

“FedEx is implementing additional cost-reduction initiatives to mitigate the effects of macroeconomic uncertainty, including post-peak reductions to the global FedEx Express air network to better match capacity with demand,” said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. “However, we are continuing to make strategic investments to improve our capabilities and efficiency, which we expect will drive long-term increases in earnings, margins, cash flows and returns.”

These forecasts assume moderate U.S. economic growth, the company’s current fuel price expectations, no further weakening in international economic conditions from the company’s current forecast and no additional adverse developments in international trade policies and relations. FedEx’s ETR and earnings per share outlooks are based on the company’s current interpretations of the Tax Cuts and Jobs Act (TCJA) and related regulations and guidance, and are subject to change based on future guidance, as well as FedEx’s ability to defend its interpretations. These forecasts do not include potential costs associated with capacity reductions.

Corporate Overview

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $70 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 450,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.

Additional information and operating data are contained in the company’s annual report, Form 10-K, Form 10-Qs, Form 8-Ks, Statistical Books and supplemental first quarter fiscal 2020 earnings release conference call slides. These materials, as well as a webcast of the earnings release conference call to be held at 5:30 p.m. EDT on September 17, are available on the company’s website at investors.fedex.com. A replay of the conference call webcast will be posted on our website following the call.

The Investor Relations page of our website, investors.fedex.com, contains a significant amount of information about FedEx, including our Securities and Exchange Commission (SEC) filings and financial and other information for investors. The information that we post on our Investor Relations website could be deemed to be material information. We encourage investors, the media and others interested in the company to visit this website from time to time, as information is updated and new information is posted.

Certain statements in this press release may be considered forward-looking statements, such as statements relating to management’s views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the global markets in which we operate; anti-trade measures and additional changes in international trade policies and relations; a significant data breach or other disruption to our technology infrastructure; our ability to successfully integrate the businesses and operations of FedEx Express and TNT Express in the expected time frame and at the expected cost and to achieve the expected benefits from the combined businesses; our ability to successfully implement our business strategy and effectively respond to changes in market dynamics; the impact of the United Kingdom’s vote to leave the European Union and the terms of its withdrawal if it ultimately occurs; our ability to match capacity to shifting volume levels; changes in fuel prices or currency exchange rates; the impact of intense competition; evolving or new U.S. domestic or international government regulation or regulatory actions; future guidance, regulations, interpretations or challenges to our tax positions relating to the TCJA and our ability to defend our interpretations of the TCJA; our ability to effectively operate, integrate, leverage and grow acquired businesses; legal challenges or changes related to owner-operators engaged by FedEx Ground and the drivers providing services on their behalf; disruptions or modifications in service by, or changes in the business or financial soundness of, the U.S. Postal Service; the impact of any international conflicts or terrorist activities; our ability to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance in a key geography; and other factors which can be found in FedEx Corp.’s and its subsidiaries’ press releases and FedEx Corp.’s filings with the SEC. Any forward-looking statement speaks only as of the date on which it is made. We do not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

DHL adds latest AI advancements to the Resilience360 platform

Expanded AI-based capabilities by improving data science support and utilizing machine learning and natural language processing for relevant, precise classification of global disruptions
5th Annual Risk & Resilience Conference with focus on impact of climate change: Kathy Fulton, Associate Director at American Logistics Aid Network to discuss critical role of commercial supply chains in disaster response and recovery

At the 5th Annual Risk & Resilience Conference, DHL introduces how the latest features built in the Resilience360 platform are weaving AI capabilities throughout the tool and paving the way for global organizations to proactively manage supply chain risks. Using classification engines and collaborative filtering, Resilience360 is able to apply the algorithms to the Incident Monitoring module which forms the basis of the tool. AI will help to analyze millions of risk intelligence date sources daily and apply user behavior learnings to determine the relevancy of future disruptions, therefore improving the self-learning capabilities of the tool.

"Modern businesses must navigate increasingly complex and volatile supply chains through a larger number of disruptions caused by climate change and trade wars," explains Tobias Larsson, Founder and CEO of Resilience360. "However, thanks to innovative technologies such as predictive analytics and machine learning algorithms, we are in a position to identify and manage risk like never before. By continuously enhancing the Resilience360 platform with additional capabilities, it has grown rapidly over the last couple of years and now has over 13,000 users world-wide."

5th Risk & Resilience Conference to discuss risks of climate change

At the conference today at the DHL Innovation Center in Germany, approximately 180 leaders in supply chain, business continuity, security and risk management from around the globe will collaborate on supply chain risk management solutions and examine emerging risks like hurricanes, supplier failures, environmental regulations and trade wars.

Under the theme of "Climate, Change and Our Supply Chains", the conference focuses on the role of businesses in assessing and addressing risks that a warmer planet is likely to bring, such as the impact on employees, resources, assets and infrastructure. The American Logistics Aid Network (ALANaid), a leading organization that provides supply chain assistance to disaster relief organizations (and other non-profits), heads an impressive list of top executives and practitioners that will present on breakthrough technology and methodologies for resiliency. The climate secretariat UNFCC will present their latest research on the future of climate change adaptations and other top companies such as Bayer and BMW will share insights on the importance of supply chain transparency to plan ahead and mitigate crises in their supplier network.

Global supply chains face a broad range of risks, such as natural disasters, cyber-attacks, and a rapidly changing regulatory environment. DHL's Resilience360 platform provides businesses with the tools to predict, assess and mitigate the risks of supply chain disruption quickly with near real-time global visibility through the vast DHL network of intelligence.

Off the starting blocks: Kuehne + Nagel and On Running mark ground-breaking for new Luxembourg hub

Kuehne + Nagel's new Luxembourg contract logistics centre to become the European distribution hub for Swiss performance running shoes manufacturer On

The state-of-the-art facility will be equipped for e-commerce solutions across the value chain

Contern / LUX, September 4, 2019 ? Kuehne + Nagel held the ground-breaking ceremony of a new contract logistics centre in Luxembourg. The event also marked the ten year contract extension between Kuehne + Nagel and On AG, a cooperation that started in 2010.

The new contract logistics centre, due to open in the second half of 2020, will serve On as its advanced European distribution centre for both off- and online channels and will play an important role in the rapid international expansion of the Swiss company specialized in performance running shoes.

"In view of the increasing demand for pan-European e-fulfillment services for dynamically growing companies like On, Kuehne + Nagel is positioning itself as an integrated logistics provider in Europe. Kuehne + Nagel's innovative and digital solutions are key to meet this increasing demand," says Tobias Jerschke, Managing Director of Kuehne + Nagel BeLux.

Marc Maurer, COO of On AG, adds: "On is gaining more fans faster than ever before. On's supply chain capabilities are essential to the success of the company and we are happy to lay the foundation for future growth. Kuehne + Nagel's new logistics centre in Luxembourg will play an important role for our European demand, so that we can continue to deliver happiness to all our B2B partners and B2C customers."

The new state-of-the-art facility is ideally located in Luxembourg, within close proximity to highways and airports which enables fast access to all European destinations. With 20 loading bays, the total warehouse capacity built will be 20,000 m? and is extendable up to 30,000 m?. An advanced three-level storage and handling area will support the picking, packing and high-speed sorting of the shoes.

Once completed, Kuehne + Nagel will leverage the new hub to offer even more customers its proven end-to-end expertise, especially in the area of e-commerce. The main focus lies on consumer and industrial goods as well as spare parts.