TIP opens its first safe and secure truck parking area

TIP achieves the construction of its first Safe and Secure Truck Parking Area (SSTPA) due to open in April 2019: DELTA PARK A1 / E17 – Safe & Secure Truck Parking Area. The opening ceremony will take place on April 4th.

This site, located 30 km south of Lille (France), is at the junction of the A1 / E17 and the A21, the busiest road junction in Europe with more than 25,000 trucks passing through the area daily. It will provide a practical answer to the problems of securing flow of merchandise (thefts, attacks on drivers, accidents, etc.) while limiting parking on hard shoulders.

The car park will provide 150 spaces allowing the driver to rest in the best conditions of safety and comfort:
– 24/7 security with human presence,
– Thermal camera surveillance,
– Truck and pedestrian access control,
– Rest area offering a wide range of services (showers, restaurant, wifi, laundry, etc.)

The major payment modes used in Europe will be accepted (Direct Debit, Fuel Cards, Tele Badge).

This SSTPA is part of a 7-hectare multi-service truck center, which also includes:
– a TIP branch for trailer rental and a workshop for HGV repairs (mechanical, bodywork)
– a ‘Best Of Pneu’ branch for tire maintenance
These branches are already open for service.

__________end of Press release__________________________________________

Notes to the Editor:

About TIP Trailer Services
TIP Trailer Services is one of Europe and Canada’s leading equipment service providers. TIP Trailer services specializes in trailer leasing, rental, maintenance and repair, as well as other value-added services and provide these to transportation and logistics customers across Europe and Canada. Headquartered in Amsterdam, TIP services their customers from 86 locations spread over 17 countries. TIP is part of I Squared Capital.

About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and Asia. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.

Media Contacts for TIP Trailer services:

Charles-Henri Demoures
Marketing Director South Europe
T +33 611 141 680

charles-henri.demoures@tipeurope.com

Tessa Hoff
Marketing & Communications Manager TIP

tessa.hoff@tipeurope.com

 

 

 

What you didn’t know about TIP and tankers

What you didn’t know about TIP and tankers

 

The global tanker trucks market size continues to grow. ResearchAndMarkets expect this market to be worth €1.122 bn by 2025, increasing at a CAGR of 5.5% from 2017 to 2025. TIP Tanker Services is also experiencing growth in demand for tanker rental with adoption highest among trailer fleets in the UK and Ireland, followed closely by those in France.

An interesting market

The tanker market caters for the transport needs of a wide variety of businesses, has specific maintenance requirements and is continually developing interesting and innovative technology to help fleet efficiency and reduce the cost of ownership.

Tanker types

There are many types of tankers. “Fuel tankers” is the largest category. The oil and gas industry is the biggest user of tanker trucks worldwide. In  the USA, for example, fuel tankers carrying petrol, diesel and aviation fuel account for around 50% of overall tanker truck freight. (source: ResearchAndMarkets)

Chemical tankers are widely-use. Like petrol tankers, they transport dangerous liquid products and are subject to stringent health and safety regulations on transportation and handling.

Bulk dry powder tankers move cement, flour, lime powder, mineral powder, fly ash, chemical powders, and stone powder. (source: AnsterTrailer)

Other types of tanker include:

  • food and milk stuff tankers
  • waste vacuum tankers which are equipped with a pump and a tank to collect and transport sewage (source: Wikipedia)
  • gulley emptiers to suck waste water from drains. They differ from waste vacuum tankers because they are usually equipped with “devices to separate the liquid content of its tank from solid matter, allowing the liquids to run to a storm drain” (source: Wikipedia)
  • high pressure jet tankers for cleaning sewers and household waste connections.
  • recycler tankers offer “a sewer cleaning solution with continuous dirty water recycling”. (source: Whale.co.uk)

Clean, clean, clean

Tanker trailers are complex equipment and require regular maintenance to remain in peak condition. According to experts at TruckNews cleanliness is vital. The following parts are particularly important:

  • Electrical and metal components which can corrode and malfunction, due to harsh weather and chemical de-icers.
  • Pumps and valves which must be cleaned and lubricated to ensure the smooth transfer of products in and out of the tanker.
  • Exteriors and interiors. A clean exterior makes bodywork issues visible. The interior is important because the internal barrels often carry corrosive products which can cause significant damage to the tanker if not properly cleaned out.
  • Gaskets including manhole, internal and external valve gaskets. Derek Lane, fleet manager at Bess Tank Lines recommends removing gaskets, cleaning them and reinstalling them to avoid the risks of cross-contamination and leaks if you don’t do so.

Innovative technology

The tanker sector is dynamic and constantly innovating. Examples of new technology for tankers in the milk industry alone include:

  • Electric pump for milk tankers invented by Semcon to solve issues with today’s diesel-powered pumps.  A truck’s engine needs to operate for an extra 1,000 hours per year to power the pump, thereby increasing diesel consumption by about 5,000 litres, a cost of US$4,000 extra in fuel alone. Other issues include noise and CO2 emissions. Semcon’s electric pump solves these issues and can be retrofitted to existing tankers. Its customer Tine, Norway’s largest milk carrier, says that fitting Semcon pumps to its entire fleet will reduce its diesel consumption by 1.25 million litres per year. (source: TheDrive)
  • Robot milk protein analysers. A team of EU researchers has developed the Redfinch, an autonomous robot fitted with tiny chemical sensors that can constantly monitor and identify gas leaks in petrochemical plants and pipelines and dramatically improve disaster responses. The Redfinch sensor is also being developed for use as a protein analysis sensor, installed inside milk tankers. Protein analysis will give information about the quality of the milk in the tanker and form the basis on which to redirect and redistribute the milk cargo. (Source: ScienceBusiness)

Another interesting innovation is the Cairbag system.  These internal airbags keep liquid loads in place in tankers when in transit and increase in volume as the loads decrease.  Its inventor Dr Erik Eenkhoorn says that this will improve handling, safety and make trucks five to six percent more fuel-efficient. (source: NewAtlas)

TIP Tanker Services

TIP has a division dedicated to the highly specialised tanker rental and maintenance market.  We have one of the largest and most diverse fleet of rental tankers in Europe offering all the types of tankers mentioned above.

Tanker rental and leasing

Our tankers can be rented on a spot-hire basis right through to long term contract lease, including our maintenance and repair services.

TIP also provides a sale and lease back service where it gives you a lump sum to purchase your tanker fleet and then leases these tankers back to you on terms that suit your business.

Tanker maintenance and repair

Our specialist tanker maintenance and repair service offers a comprehensive tailormade service solution for our customers’ preventative and corrective maintenance needs through our network of workshops and mobile units. Our highly skilled tanker technicians can carry out all aspects of tanker repairs and maintenance. These include:

  • Tanker barrels
  • Tank safety inspections
  • Pressure testing
  • Accident repairs
  • Vacuum equipment
  • Pumps and compressors
  • Donkey engines
  • Tanker pipework
  • Tanker valves
  • Hydraulics
  • Pneumatics
  • Running gear
  • Service
  • MOT

Tanker refurbishment

We also provide a tanker refurbishment service. We can remount your tankers onto a new chassis, thereby increasing the life of the tanker without the capital expenditure required when buying a new one.

Dedicated tanker specialist service

TIP has a dedicated tanker customer service and workshop team to respond to all your enquiries. You can contact our specialist TIP Tanker Services team using this form.

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Press-release: TIP Trailer Services Refinances Its Revolving Credit Facility

February 05, 2019 04:00 AM Eastern Standard Time

AMSTERDAM–(BUSINESS WIRE)–TIP Trailer Services, a portfolio company of I Squared Capital, has successfully refinanced its existing Revolving Credit Facility (RCF), increasing it from €700 million to €967 million while obtaining reduced margins and extra flexibility. The funding round was substantially oversubscribed, and the facility is now a syndication of ten leading banks and a maturity of five years with optional extensions of one to two years. The facility was originally established in 2014 for a five-year period with three banks in the syndicate and a total amount of €300 million. The new facility aims to support the long-term growth plan of the business.

“The refinancing of our RCF and the liquidity it provides put us in a strong position to continue to invest in CapEx, PP&E, bolt-on acquisitions and broaden our geographic presence. It will support and underpin our growth aims over the coming years.”

Bob Fast, CEO, TIP Trailer Services

“We originally structured and funded our RCF with three banks four years ago and now we are delighted to have ten leading banks in the syndicate. There was strong demand from the market, driven by our business growth and performance over the past five years. As well as providing us with competitive cost of funds, it provides us with a solid and flexible base to grow, as well as navigate any economic downturn that might arise over the coming years. We are entering 2019 with a strong balance sheet.”

Malachy Mc Enroe, CFO, TIP Trailer Service

 

About TIP Trailer Services
Headquartered in Amsterdam, the Netherlands, TIP Trailer Services is one of Europe and Canada’s leading equipment service providers, specialising in trailer leasing, rental, maintenance and repair, as well as other value added services and provides these to transportation and logistics customers across Europe and Canada. TIP services customers from 90+ locations spread over 17 countries in Europe and Canada.

About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe and Asia. The firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.

Contacts

Questions or additional information, please contact:

Kapil Sharma
Treasury and Investor Relations Director
T +31 20 504 1677
M +31 621 105358
kapil.sharma@tipeurope.com

Ana Perez Latorre
Senior Investor Relations Manager
T +31 20 504 2241
M +31 650 855133
ana.perezlatorre@tipeurope.com

Marc Aandeweg
VP Sales and Marketing
M +31 613114293
marc.aandeweg@tipeurope.com

Postal address:
TIP Trailer Services,
“Alpha Tower”, De Entree 33
1101 BH Amsterdam
The Netherlands

www.tipeurope.com

 

https://www.businesswire.com/news/home/20190205005112/en/TIP-Trailer-Services-Refinances-Revolving-Credit-Facility

 

 

The Amazon effect on your business

The Amazon effect on your business

At the CES Technology Show in Las Vegas, Continental showed off its Cube driverless shuttle featuring robotic dogs taking parcels from the vehicle to the customer’s front door¹.  Four legs are better than wheels for getting around pavements and obstacles. What is the world coming to? What is the Amazon effect on the transport industry? How might the future look?

The Amazon effect

Thanks to Amazon, customers (both B2C and B2B) have greater expectations.  They demand virtually immediate fulfilment of their orders, expecting delivery within the next day or two. This effect is forcing change across transport, logistics and the whole supply chain. This ever-moving situation is both a challenge and an opportunity for those trailer fleets that are willing to face the changes head-on. (source: Forbes)

The Effect of the effect

Among many different perspectives of how the Amazon effect might translate into consequences for the trucking and logistics industry is the vision elaborated by PwC’s Strategy& in its Global Truck Study 2018. It forecasts that “By 2030, trucking and logistics will be an ecosystem of autonomous vehicles directed by a digitized supply chain, combining driverless cable trucks and delivery hubs staffed by robots.”

In its very digital- and automation-driven view of the future, Strategy& highlights three conclusions:

  • Trucking logistics costs will decrease by 47% by 2030, mainly through reductions in labour.
  • Delivery lead times will fall by 40%.
  • From 2030, trucks, thanks to their autonomy, will be on the road 78% of the time compared to the current European average of 29%.

Strategy& also predicts that a more digitized supply chain will reduce administrative overhead, cut out time-consuming inventory and decrease insurance costs, bringing savings of up to 41% by 2030 compared to today’s supply chain.

Future trends

Innovation in transport and the supply chain does not stop at electric and driverless vehicles, the use of AI and predictive analytics to improve driver safety and retention or indeed better online freight brokering services to maximise full trailer loads or robotic dogs to deliver packages over the last few 100 metres. There are plenty of other interesting concepts being developed. The trends include:

  • Paperless for real-time information– The increasing digital automation and robotization of processes across the supply chain enable fleets to bring down their costs, accelerate their responses to new business opportunities and provide information to customers about deliveries in a quick and precise way. Abhinav Singh, a director at Intelenet Global Services observes that too many trailer fleets and other players in logistics rely on manual, often paper-based processes. In an era where providing real-time, accurate data can generate increased customer satisfaction and commercial benefit, logistics firms including trailer fleets need to streamline and automate their processes and improve the efficiency of their operating models to compete in the Amazon era.  (source: TTNews)
  • Going underground–Several commentators in a TTNews article entitled “Reimagining Trucking” believed that underground tunnels similar to those being dug by the Boring Company for transport between cities for pedestrians could be adapted to accommodate freight and take more trucks, containers and cargo off the road network.
  • Driver pool– Brittain Ladd, a supply chain consultant, proposes assembling a consortium of truck fleets that would work with a shared pool of drivers to transport cargo between two defined locations. The drivers would be paid an hourly rate instead of a per-mile rate. Ladd believes that this system could have transported all the loads carried in 2017 with two-thirds of the trucks. (source: TTNews)
  • Rethinking order fulfilment– Amazon is among the companies showing the way in order fulfilment. Amazon is crowdsourcing deliveries to external freight companies, delivering to car trunks, Amazon lockers, people’s private apartments and experimenting with drone delivery points. It is also developing an Amazon franchise delivery business model for which companies can apply. If you are operating on a large scale, maybe you should mirror Amazon and consider going “intermodal”. For example, Amazon has expanded its trailer fleet, created Amazon Air with 40 aircraft and made some initial moves into ocean-going freight. (source: “The Rise of Amazon Logistics” – TTNews)

TIP trailer rental and the Amazon Effect

TIP trailer rental enables you to gain flexible access to trailers whether you need one to fulfil a one-off delivery or you have signed a new contract with a customer for a long-term commitment. The flexibility of our rental contracts gives you the ability to use the best trailers and latest trailer technology without having to bear high upfront purchase costs and the overheads of ownership.

Customers renting trailers through TIP Trailer Services can benefit from preferential rental terms to increase their trailer fleet or reduce its size as demand fluctuates. TIP trailer rental customers also enjoy the benefits of TIP’s maintenance and repair services through its extensive Europe-wide network of workshops and mobile servicing vehicles. To find out how we can help your fleet take advantage of the Amazon effect with TIP trailer rental, please contact us via this TIP contact form.

 

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¹ Source: EuropeAutonews

Disruption is the new transport normal

Disruption is the new transport normal

Disruption is the current name of the game in the transport industry.  This upheaval is caused by multiple factors ranging from climate change to the “sharing economy”.  How can fleet managers remain ahead of their competitors and leverage these disruptive times to gain more business? Trailer rental, with its innate flexibility, is a powerful option.

Key disruptive factors

What developments are provoking disruption in the transport industry?

  • Climate change–Governments and citizens are increasingly worried about the growth of traffic on the roads and the pollution it generates. This has led to initiatives from inter-governmental organisations such as the EU to reduce CO2 emissions from trucks and the search for alternative powertrains to diesel engines.
  • Urbanisation– People are moving in greater numbers to live in cities, amplifying the issue of pollution and road traffic congestion. This has prompted some cities such as Madrid to impose strict controls on emissions of vehicles in their city centres, prioritising access to electric and other low-emission vehicles and keeping away diesel and petrol vehicles. El País reports that Madrid’s new emission controls have led to traffic dropping by nearly 32 percent in some parts of the city. Athens, London and Paris are following shortly with similar initiatives. (source: The Verge) These measures all affect the “last mile delivery”.
  • The “sharing economy” – The“sharing economy” is “organized through a technology platform that facilitates the exchange of goods, assets, and services between people across a varied and dynamic collection of sectors”. (source: Freightwaves) High profile examples of sharing models include AirBnB with homes or Lyft and Uber with private cars. It will also become integral to the road freight transport industry.
  • The Amazon effectPwC reports that between 2012 and 2017, European internet retailing grew by a compound annual growth rate of around 10% from €156bn in 2012 to €253bn in 2017. The rise of internet retailing and the disruptive effect of online retailers such as Amazon that offer their customers next day delivery has put increased pressure on the supply chain. This has forced logistics and transport companies to innovate in response.

A disrupted transport industry responds!

The disrupted transport industry has responded to challenges in several ways including:

  • Mechanical technology– In the race to help the transport industry meet future emissions targets, truck manufacturers are developing new powertrain technologies to enable fleets to switch their trucks to cleaner technologies than diesel. For example, in addition, to start up Nikola Motors, Hyundai and Toyota are planning to launch hydrogen-powered electric semi-trucks soon. More immediately available are electric-powered light commercial vehicles to help fleets fulfil last mile deliveries in busy urban zones.
  • Digital technology–Commercial road transport vehicles are becoming increasingly digitally and data-driven thanks to technological advances in machine learning, artificial intelligence, IoT and telematics. These technologies focus on helping fleet managers, drivers and/or vehicles themselves to make better decisions. Intelligence gathering is at the heart of these new technologies, usually via sensors. Jeremy Rifkin, author of “The Zero Marginal Cost Society: the Internet of Things, the Collaborative Commons and the Eclipse of Capitalism” estimates that by 2030 “there will be more than 100 trillion sensors connecting the human and natural environment in a global distributed network”. (source: Freightwaves)

New opportunities 

Digitalisation has disrupted road freight transport enabling fleets to adopt various technologies today such as adaptive cruise control and predictive maintenance and will eventually lead to an ability to save costs by having their trucks travelling in platoons with only one driver on alert to control the trucks in emergency and further down the line to fielding autonomous trucks. In relation to the developments in road freight transport in the USA, management consultant McKinsey said that they expected highly automated driving in geofenced areas by 2020 and full autonomy on highways by 2025 with pick-up and drop-off operations in the first and last mile. They also believe that platooning will be a reality on highways by 2022 or 2023. (source: Freightwaves)

  • Moving to the Sharing Economy

Deloitte’s Ted Choe, Principal of Strategy and Operations predicts that “heavy users of transportation services could shift to shared platforms to fulfil certain types of demand, potentially freeing up cash, minimising vendor lock-in, and keeping prices aligned.” (source: Freightwaves) He outlines six areas in which transportation companies will benefit from the Sharing Economy.  They include

  • regional carriers collaborating with their competitors to enable them to deliver outside their normal coverage areas.
  • wider use of global freight exchanges. Examples in Europe include 123Cargo and Cargocore.
  • using multi-modal handoffs between carriers at points mid-way through deliveries.
  • crowdsourcing assets in the supply chain. The advantages are particularly strong for the most expensive part of the delivery, the last mile. Cargomatic in the USA is an example of this Uber-style model which matches loads with drivers with spare capacity at a specific time, going to a specific place.
  • Warehousing is also joining the crowdsourcing revolution with companies emerging to “Uber” warehouse space.
  • Predictive analytics is improving safety using crowdsourced data, for example, to help drivers predict the weather and avoid certain routes in poor weather conditions.

Tackle disruption with TIP, your flexible partner

Flexibility trailer capacity is key for a fleet manager wanting to exploit the opportunities offered by a disrupted transport industry. TIP Trailer Services provides customers flexibility through trailer rental.  They are available in all forms from standard semi-trailers to the more specialist trailers such as reefers.  Flexibility gives the fleet manager the opportunity to bring on additional trailers to handle the peaks of unexpected demand and return them in slower times, with little notice and without the need to own the assets outright. Through rental, fleet managers can benefit from the latest technologies.

If you want to be a winner as disruption shakes up the industry, choose flexible trailer rental  through TIP. For further information, please contact us using this form.

 

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Are you renewing your transport fleet this year?

Are you renewing your transport fleet this year?

When you read about Volvo’s prototype self-driving electric truck with no cab on Reuters or about start-up Nikola Motors’ forthcoming hydrogen-powered electric semi-truck on Techcrunch, did you think about replacing trailers and trucks in your fleet with new ones? If your answer is “yes” then consider the advantages of leasing these assets instead of buying them.

Lease and/or purchase – a strategic decision

The decision on whether to lease or buy trailers is a strategic decision for fleet managers,  influenced by their companies’ business objectives, organisational infrastructures and cultures.  Some fleets opt for a blend of leasing and purchasing.

Economy-driven?

In relation to what he perceives to be an unsettled economic climate in Europe, Shaun Sadlier, Head of Consulting at leasing business Arval, told Fleet News that “There has, of course, been a long term shift towards leasing over many years but this has not been uniform and, in periods of economic uncertainty, there have been noticeable jumps.

“It could be that we are at another of those moments.”

Why lease?

There are several compelling reasons for leasing your trailers and trucks.

Decrease total cost of ownership

Matt Svancara, executive vice president at Aim Leasing Company (USA) recently explained a concept in American Trucker that is equally valid for European trailer fleets.“Leasing helps lessen monthly payments because the leasing company takes on the risk of the residual value. The customer doesn’t pay for 100% of the truck. Most bank loans require a portion of the cost down and 100% financing of the remaining balance. In addition, leases typically have longer terms than a typical bank loan on a purchased asset.”

Logically, shorter leases require higher monthly payments than longer leases and offer more flexible terms than the latter. In addition, the total financing charges that the customer pays will be greater over a longer lease period than a short one.

A leasing company should be able to pass on to its customers the benefits of the economies of scale which it negotiates by purchasing large numbers of trailer assets from manufacturers. Consequently, customers use better trailers and trucks at a lower cost than had they bought assets outright themselves with a loan.

Surf the wave of disruptive technology

Technologies like artificial intelligence, machine/predictive learning and the Internet of Things (IoT) are rapidly disrupting the world of transport and logistics. Fleet managers also need to equip their trailers and trucks with the latest telematics, IoT and predictive technologies.

Retailers and manufacturers aim to deliver ever more quickly and more efficiently in response to e-commerce and higher customer expectations along the supply chain.

A flexible lease arrangement gives access to the latest technology by swapping old trailers and trucks for new ones without the burdens of having to finance the purchase of new vehicles outright and sell old ones with outdated technology.

Liberate capital

With many leasing agreements, leasing companies provide maintenance and repair services. This saves fleet managers from investing in and running their own workshop facilities. This consumes significant capital because workshops require a sophisticated workshop and diagnostic equipment and tools as well as an inventory of spare parts.

Workshops also require skilled technicians that the fleet manager needs to recruit, remunerate and retain.  Keeping up to date with the latest technology can be challenging. It is not enough for a technician to have a good eye for repairs and be a wizard with manual tools. Today’s technology also requires computer excellence. To add value, technicians must undergo extensive and significant training. For large fleets which enjoy economies of scale, running workshops can make sense but for many fleets outsourcing maintenance and repair to specialists such as TIP and its extensive pan-European network of workshops and mobile service, vans are the best business solution.

Leasing frees up capital for fleet managers to use in the areas of their businesses where they add the most value.

Selling your old trailer assets

When a trailer fleet enters a leasing agreement with a company such as TIP, TIP can take in its old trailers and sell them on its behalf. TIP’s Remarketing team sells used trailers and trucks to customers in 17 countries across Europe. TIP typically sells around 7,000 assets per year.

TIP leasing and rental

TIP specialises in providing trailer leasing and rental solutions which are compatible with the different leasing regulations across Europe. With a transport fleet of over 68,000 units, TIP is one of Europe’s leading transport equipment leasing companies. TIP can purchase assets specifically for you.

We offer a range of trailers on a leasing basis in all forms including semi-trailers,  flatbed, curtainsider, box trailers, tankers and reefers to fill gaps in your fleet.

TIP leasing options

For fleet managers looking for a flexible and cost-effective way to manage their medium to long term trailer fleet requirements, TIP provides several leasing options including an:

  • An operating lease which is off- balance sheet leasing with flexible terms.
  • A finance lease which allows you to acquire an asset over time rather than paying for it upfront.
  • Sale and lease back in which we will buy your assets at a fair market price and lease these assets back to you for a fixed monthly fee.

We also provide further value-added services across all our leasing solutions including replacement vehicles during servicing, roadside assistance, fleet and tyre management and telematics for your fleet. We can resell your used trucks and trailers. For more information about TIP trailer leasing and rental, we invite you to contact TIP Trailer Service using this form

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How digitalisation can increase profit in logistics

How digitalisation can increase profit in logistics

In a recent PWC survey, 54% of the companies surveyed in transport and logistics expected that digitalisation would increase their revenues. What does “digitalisation” mean in terms of road freight transport? Where are the opportunities for using it to increase revenues and profitability? How digital is your trailer fleet? Step into the world of the ‘logistics nerds’.

What is digitalisation?

IoT, machine/predictive learning and AI are the digital technologies that the media refers to in relation to the transport and digitalisation. Digitalmagsays that these technologies underpin new ways to:

  • track and analyse shipment patterns
  • anticipate demand and enhance customer satisfaction
  • improve maintenance visibility to reduce repairs and downtime
  • enhance operator retention.

Digitalisation – a key trend

In its CEE Transport & Logistics Trend Book 2019, PWC identified “digitalisation” as one of the five forces reshaping transport and logistics in addition to “shifts in international trade”, “software-driven process changes”, “changes in markets’ domestic commerce” and “machine-driven process changes”.  PWC expects digitalisation to be the most impactful trend over the next few years, radically transforming the transport industry.

Digitalisation enables fleet managers to receive more data about their fleet operations whether through sensors on their vehicles, RFID tags on cargo, predictive analytics or telematics and use this information to improve their business processes and performance and increase profitability.

Data-driven

The growth of ecommerce has led to corporate customers pressurising transport fleets to deliver packages over the “last mile” with increasing efficiency. The Economist attributed breakthroughs in this area to data digitalisation. “Though today’s talk is all of delivery drones and driverless vans, the key to this transformation has not been new equipment but new ways of handling data: knowing where hundreds of millions of things are and where they are going and being able to act on that data as things change.”

Digitalisation examples

The following examples illustrate how digitalisation can make a big impact on road freight transport.

  • Predictive maintenance

Predictive maintenance analyses historic and real-time data relayed from sensors about wear and tear on mechanical and physical components of trailers and trucks to help fleet managers bring in vehicles for maintenance and repair before unexpected and costly roadside breakdowns occur. The global predictive maintenance market is expected to grow by 37% per year between 2018 and 2022 reaching over 10.9 billion USD in 2022. (source: PWC)

  • Digital data storage and sharing

This is an area that the IRU (the World Road Transport Organisation) is championing. Road freight transport fleets and logistics companies process a significant amount of paper documents to enable deliveries to take place. Digitising data storage and sharing are fundamental to improving supply chain efficiency. There are several areas that are prime candidates for digitisation.

  • e-CMR– CMR consignment notes are essential documents for delivering across borders. There are 150-200 million paper-based CMRs in use annually in Europe for international transactions. The IRU has calculated that the digitisation of these paper-based CMRs could reduce current handling and processing time by up to 44% and costs by around 3 Euros per paper CMR. Similar savings apply to digitising TIR and other transport documents. (source: IRU)

 

The environmental benefits are also significant. For example, BLG Logistics, a multi-modal logistics company, has developed a digital transport document system Logbird. Based on the 257.7 million journeys undertaken by German road haulage companies in 2016 which would have required 9 pages of paperwork (2.319 billion pages), digitising them with Logbird would have saved 23,500 spruce trees and 604.2 million litres of water needed for paper production.

 

  • iHeERO– This European project connects emergency alerts (eCalls) to real-time data sources such as e-CMR services to brief emergency services about the exact location and type of truck and cargo involved in an accident.

 

  • Digital freight brokerage platforms

Another area where digitalisation delivers benefits to a range of participants in the supply chain including road freight transport companies is the digital “freight brokerage platform”.  These platforms provide information to match owners of goods looking to ship cargo on a specific route with transporters with spare shipping capacity and vice-versa, in real-time. Traditionally, accessing this information, when paper-based, by phone and fax was hard. It is a service with great potential. The Economist informs us, for example, that “America’s lorries travel empty more than a quarter of the time: the wasted capacity is equivalent to 200,000 lorries travelling 1,000km per day”.

Making a compelling case for the digital freight brokerage platform is YMM, an online Chinese freight brokerage platform. It has registered 850,000 cargo owners and 3.9m drivers of heavy trucks on its platform and claims that it has reduced the average time for finding cargo capacity from 2.27 days to 0.38 days. (source: IRU)

  • Blockchain

PWC believes that another digital technology, blockchain, a digital record of transactions and other “distributed ledger technologies” will have a “moderate influence on all transport and logistics segments, with effects visible in 3 years’ time at minimum”. Companies believe that blockchain solutions enable them “to create “internally robust, transparent and secure systems that allow them to deliver service levels at a lower cost.” (source: PWC)

TIP and digitalisation

With over 50 years’ experience in the trailer rental and maintenance business, TIP Trailer Services can help you install and operate digital solutions to enable you to maximise profitability from your trailer fleet.

TIP leasing and rental

With a transport fleet of over 68,000 units, TIP is one of Europe’s largest transport equipment rental and leasing companies. It offers fleet managers the ability to meet flexible demand for trailers.

TIP can provide maintenance and repair programmes run from its network of 84 trailer workshops across Europe.  It also operates a 24/7 pan European roadside assistance service,  designed to get your trailers back on the road as soon as possible in the event of a breakdown.

For more information, please contact us using this form.

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Connected trucks and trailers through telematics – part 2

Connected trucks and trailers through telematics – part 2

There continue to be fascinating innovations in telematics. The “connected trailer” is no longer unusual as more trailer manufacturers fit telematics solutions to their trailers.

Innovations including video

Several recent innovations are for in-cab video cameras linked to the telematics systems. Drivers falling asleep at the wheel is a major issue.  For example, UK-based vehicle CCTV developer SmartWitness has created a dashboard-based system that utilises facial recognition software to identify when a driver’s eyes have turned away from the road for more than three seconds.  When this happens, the system emits an audible alert to the driver and an alert to the fleet manager via the fleet management system. The system can also pick up on when the driver is using his or her mobile phone or is distracted in other ways from the road. The company also supplies a solution capable of monitoring undesirable driving behaviour such as tailgating or last second braking.  This data can then be used constructively to train drivers to improve their safe driving skills. (source: HGVUK)

Tachographs

Applicable across the EU from June 2019, all new commercial vehicles will be obliged to be equipped with a new 4thgeneration smart tachograph. Among the numerous functions of the new tachographs will be the ability of police officers on the side of the road to remotely access tachograph data as trucks drive past, thereby reducing the number of roadside inspections. The smart tachograph will use GPS to automatically register the driver’s location in all countries and enable the fleet manager to track their drivers’ locations in real-time. Tachograph data on driver’s working hours can be integrated into any telematics systems which will reduce the administration time dedicated to recording and managing drivers’ hours.   (source: UKHaulier)

Transatlantic truck tracking

Keeping track of road freight moving across multiple geographies is a headache for international shippers including multinational retailers. It is difficult for them to gain visibility of their global transport capacity. A major issue is that they need to use different telematics systems for road transport companies in each geography. A solution may now be at hand. Two data sharing services, one in the US, project 44 and another in Europe, GateHouse have partnered to give their customers the opportunity to track 175,000 multimodal carriers of which approximately half are in the USA and half in Europe by giving them one single access point to the carriers’ telematics systems. (source: JOC)

Trailers and telematics

In addition to lowering their cost of trailer ownership and increasing their efficiency, connected trailers through telematics can benefit fleets in several ways:

  • Prevention of cargo theft– Information fed from sensors on the trailer via telematics to the fleet manager can provide real-time tracking of the trailer’s location and, thanks to geo-fencing technology, alerts when the trailer doors are opened or closed in an unexpected location. This enables fleet managers to respond quickly through remote access to any attempts at theft and, if necessary, bring in law enforcement officers.
  • Trailer maintenance– A connected trailer can feed information back to the fleet manager on the condition of specific mechanical components on the trailer including tyres, brakes, suspension and prompt him or her to bring the trailer back to a workshop for preventative maintenance before costly unexpected roadside breakdown occurs. This maximises trailer uptime and reduces cost of ownership.
  • Food and pharmaceuticals safe transport– Telematics plays a critical role in cold chain management. It enables the fleet manager to remotely control factors in the reefer trailer such as temperatures, humidity, the status of the doors and the condition of the items being transported to ensure the safe and regulation-compliant delivery of food and pharmaceuticals. (source:FleetOwner)
  • Administration–Telematics generate reports on trailers to help fleet managers maximise fleet utilisation, reduce detention time and empty miles. This data decreases fleet manager administration time and increases efficiency.

Trailer manufacturers and telematics

A few examples:

  • Krone has embraced telematics for the connected trailer. It offers various telematics solutions. One monitors the physical and mechanical conditions of the trailer. A space detection system views and helps manage the cargo capacity in the trailer. Another telematics solution connects the trailer to freight exchanges. (source:HGVUK)

At Solutrans 2017, several trailer manufacturers highlighted their telematics credentials:

  • Lamberet, a French reefer trailer specialist, launched a telematics pack Smart & Safe which it developed with partner Novacom for clients purchasing its Frigomatics semi-trailer reefer range. It permits the fleet manager and driver to control remotely trailer, reefer and mechanical functions in real-time using a terminal-, smartphone- or tablet-based application.
  • Schmitz Cargobull presented a telematics solution called TrailerConnect which gives similar functionality to Lamberet’s.
  • Chereau, another French reefer trailer manufacturer, has taken a different approach. It focuses on facilitating trailer connectivity. Chereau has decided not to build a proprietary telematic solution. It prefers to ensure the easy integration of telematics from different telematics providers onto its trailers. It demonstrated this ability at Solutrans 2017 using Trakopolis Chereau is also working with the major European truck manufacturers to integrate their telematics into its semi-trailers. (source: TransportInfo)

TIP trailer rental and telematics

TIP supplies trailers on a rental and lease basis in many forms as well as light commercial vehicles and trucks.  TIP Trailer Services has built up considerable expertise in supplying and fitting telematic solutions from all major telematics providers onto trailers and trucks. For further information on flexible trailer rental with TIP Trailer Services and the telematics solutions it can provide, please contact TIP using this form.

 

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Connected trucks and trailers through telematics – part 1

Connected trucks and trailers through telematics – part 1

Connected trucks and trailers through telematics are on the rise in Europe. Connected trucks are here to stay and offer myriad benefits to fleet operators.

Telematics growth

Industry analysts Technavio forecast that the commercial vehicle telematics market in Europe will show a compound annual growth rate of nearly 14% between 2018 and 2022. They say that the top emerging trend in the “connected trucks” space is the use of telematics by fleets for truck platooning.  A truck platoon is a convoy of two or more trucks, which follow one another closely behind, thanks to connectivity technology and automated driving assistance systems which requires little or no intervention from drivers.

Truck telematics benefits

According to TomTom Telematics, the industry’s perception of the power of telematics is too centred around road transport fleets using it to monitor their drivers on the road. TomTom Telematics emphasize that the advantages of telematics to fleet operators go beyond this. In addition, telematics generates significant data about drivers and vehicles which positively affect the total cost of ownership of your fleet.

These advantages include:

  • Compliance– Telematics can facilitate the provision of information for fleet managers’ compliance teams needing to demonstrate that their fleet has been complying with government compliance standards. This might include providing evidence for inspection or audit of drivers’ hours compliance.
  • Finance– Telematics can support the finance department in improving the bottom line. It can produce accurate mileage reports for tax claims and minimise vehicle maintenance costs and downtime. It can also improve driver behaviour leading to fewer accidents, better fuel consumption and longer lasting truck and trailer assets.
  • Operations– Vehicle inspections carried out through telematics can alert management to possible maintenance and repairs.
  • Sales– Telematics is a useful tool for business development and sales. Connected trucks and trailers enable you to track vehicles as they deliver to your key accounts and plan for fulfilling new business opportunities. (source: The Director)

Legal obligation to fit telematics?

The installation of telematics on a truck or trailer is voluntary. However, this could change. The UK’s Fleet Industry News published a news story about a fatal bus crash in Coventry in October 2015, in which two pedestrians died. The 80-year-old Midland Red Southbus driver had mistaken the accelerator for the brake before the accident. He had previously received eight warning letters about the poor standard of his driving after a telematics system fitted to his vehicle had highlighted his unsafe driver behaviour. He had also been a driver in four other accidents over the past three years. However, he had not attended company meetings to address issues over his driving because Midland Red South wanted him on the road instead.

Fatal bus crash ‘may prompt compulsory telematics law

In the article, Paul Loughlin, a solicitor at law firm Stephensons noted that the Traffic Commissioner, the UK government organisation responsible for licencing and regulating buses and heavy goods vehicles (HGVs) does not oblige fleet operators to install telematics but that this situation might change.

Mr. Loughlin said, “As in this case, operators can be prosecuted for ignoring clear and indisputable issues relating to health and safety deficiencies highlighted by telematics systems.”

“Regulatory action might also come before the Traffic Commissioner as a result.”

Pleased with telematics

Elis, formerly known as Berendsen, is the largest operator of linen, textile and well-being services in Europe. By adopting telematics integrated with video surveillance systems, Elis claims to have improved its fuel efficiency by 13% and increased the safety of its 750-strong fleet of HGVs and light commercial vehicles. (source: Landmobile)

As part of an initiative to improve safety, BOC, the UK’s biggest supplier of industrial and medical gases will shortly fit telematics systems on its entire bulk tractor and trailer fleet.  Its initial six-month trial on 10 BOC assets helped enhance safety, minimised vehicle breakdowns and downtime. The telematics system provides an on-board datalink, a tyre pressure monitoring system, constant geolocation, and electronic braking system data analysis. (source: Gasworld)

TIP and telematics

In 2018, TIP Trailer Services is celebrating its 50thyear in trailer rentals and servicing. Our commitment to industry innovation and new technology has been instrumental to our success. We have been involved in telematics for trailers and trucks since the infancy of this technology. TIP Trailer Services has built up considerable expertise in supplying and fitting telematic solutions from all major telematics providers onto trailers and trucks.

TIP trailer rental options

TIP supplies trailers on a rental or lease basis in many forms including semi-trailer, flatbed, curtainsiders, box trailers, tankers, reefers, tipping powder, non-tipping, containers, moving/walking floor, waste, and chemical trailers as well as light commercial vehicles and trucks.

Trust us with your trailer maintenance and repair

As part of trailer rental contracts, TIP Trailer Services includes maintenance and repair management services. For further information on flexible trailer rental with TIP Trailer Services and the telematics solutions it can provide, please contact us using this form.

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What Christmas gifts will be in my trailer this year?

What Christmas gifts will be in my trailer this year?

Christmas is the most important retail period of the year in most European countries.  These days, people are purchasing gifts ever earlier, from Black Friday/Cyber Weekend in late November and throughout December. Truck drivers will be wondering what gifts they are transporting for Christmas. What Christmas gifts are the most likely to be loaded onto their trailers?

Favourite Christmas gift categories

Research commissioned by Vouchercodes.co.uk into UK consumers’ top 10 Cyber Weekend shopping list items gives us a good idea of favourite Christmas gift choices.

Clothing, footwear, and accessories were the most popular category selected by 24% of respondents, followed closely by personal electronics including smartphones and tablets and home electronics including TVs and speakers (with both categories chosen by 23%). 16% opted for DVDs, computer games and books whilst 15% wanted to buy toys.

Our top 5 trailer fillers

We like to predict the top 5 trailer filler gifts. On the theme of clothing and footwear, fashionable trainers from brands such as New Balance or Nike will be in demand. Popular fashion accessories this year include “belt bags” formerly known as “bum bags”. (source: Guardian) Children and adults alike will be delighted with Lego sets such as the Harry Potter Hogwarts Express Train toy or the more adult-oriented Lego replicas of architectural masterpieces including the Taj Mahal and London’s Big Ben. For those wanting a more sports-related gift, an electric bike could be just what they need. (source: Wiggle.com) People of all ages will enjoy a games console be that a PS4 Pro, Xbox One X or a Nintendo Switch. (source: Techadvisor.co.uk)

Christmas starts earlier

According to a Deloitte survey, 30% of European internet users planned to make Christmas-related gift purchases in November or earlier. That said, a majority of Christmas gifts will still be bought in December. (source:EMarketer)

Regional differences

However, there are regional differences in Christmas purchasing behaviour. Consumers in countries such as the Netherlands and Germany like to start buying gifts from November onwards (67% and 30% respectively) whereas consumers in other countries like to purchase at the last minute. 73% of French and 70% of Italian consumers buy in December. (source: CRR/RetailMeNot)

Christmas consumer spending

The forecasts for consumer spending over Christmas look promising for the transport industry.

In early November, Germany’s HDE retail association said that it expected Christmas sales to grow by 2% this year, reaching a record-breaking 100 billion euros. (source: Reuters)

Forecasts for the Christmas retail season are similarly bullish for France. A survey by the Centre for Retail Research(CRR)forRetailMeNot France forecast that the French will be spending 69 billion euros at Christmas.

The picture for UK retail over Christmas is more mixed, summed up by a Retail Gazette article headlined “Retailers face “nerve-wracking run-up to Christmas”. According to the latest BRC-KPMG Retail Sales Monitor, online sales in November were at an all-time high accounting for 33.8% of the November sales total up to November 24 (a 1.2% increase on the same period in 2017) but total sales fell flat.

European e-commerce market still growing

Analysts at Statista expect the European e-commerce market to grow annually from 2018 to 2023 at a compounded rate of 6.9%, resulting in a market volume of €424,705.65m by 2023. They forecast that the European e-commerce market will total €304,250.47m in 2018.

Statista finds that “fashion” is the European e-commerce market’s largest segment and likely to total €89,851.99m in value in 2018.  (source: Statista)

E-commerce and trailers – the opportunity

A growth in e-commerce in the Christmas period is an opportunity for road transport fleets to make more deliveries.  However, this opportunity must be carefully managed. With cargo volumes difficult to predict during the festive season, you don’t want to end up having too little or too much trailer capacity to meet customer demand. Ideally, you want to enjoy flexible access to trailers to benefit from exceptional demand, but not be left with your own trailers sitting empty in the yard when the post-Christmas retail sales have ended.

Trailer rental to meet extra demand

Trailer rental enables fleet managers to handle extra demand during Christmas time or at any other time when demand climbs beyond your current trailer capacity.  If you don’t want the financial burden and responsibilities of owning a large fleet of trucks, trailer rental is your answer. With trailer rental, you can bring on additional trailers to fulfil specific contracts and then return them afterward with having to bear their ongoing fleet ownership overheads.

A Christmas gift of flexible trailer rental solutions from TIP Trailer Services?

With its fleet of over 68,000 trailer assets for rent, TIP can equip your fleet for Christmas and throughout the year, with flexible, extra trailer capacity. TIP can also provide further peace of mind with its maintenance and repair programme run from its network of 84 trailer workshops across Europe and its 24/7 pan European roadside assistance service. For more information, please contact us using this form.

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