Train Trailer expands three facilities

TORONTO, Ont. — Train Trailer announced this week that it has expanded its head office location in Bolton, as well as its Alberta and Quebec facilities.

All three relocations will increase workshop capacity, allowing Train Trailer to expand its service offerings in the Greater Toronto Area, Montreal and Calgary regions, the company said in a release.

“The decision to significantly expand these three locations was not only the next step in our growth strategy, it was meant to help our customers in the retail, food, construction and heavy machinery spaces meet the ever-changing demands of their respective industries,” said Rick Kloepfer, president Train Trailer.

Located at 9601 Hwy 50, in Bolton, ON, the new head office is in the heart of an emerging transportation and distribution hub and boasts a repair shop that is three times larger than its previous Mississauga location. The expanded space includes 18 service bays and double the amount of technical and maintenance staff.

The Alberta location was moved to a larger, more centrally located facility at 5500 Dufferin Blvd. SE, Calgary, AB, increasing workshop capability and doubling the number of service bays from four to eight. The number of mechanical staff tripled with a second work shift added to speed up repair and maintenance times.

To be closer to Montreal, the Dorval location was moved to 1111 Boulevard Pitfield Saint-Laurent, Que. While the previous facility had no workshop, the new Pitfield location is home to three bays and a maintenance team of six.

“We are always working to better serve our customers and add to our service offerings, based on what they are telling us they need. These moves represent our commitment to future growth and success for both our customers and our team members across the country. There are no signs of slowing down as we are now looking to expand and bring more of our services to the East Coast,” explained Kloepfer.

TIP NORDIC new mobile workshop success

Highly requested service

After a high number of requests from our Nordic customers, we have now started a mobile workshop at C-LOG, which covers the area around Gardermoen and Jessheim. C-log is Coops main warehouse and logistics center in Oslo, Norway. On a daily basis around 300 assets are in and out of the lot. Some are waiting to load goods and others are parked on the premises in order to comply with the driver rest rules.

Compared to a standard MSU the new MSU Clinic also has tools for welding, diagnostic software, various parts, and the possibility to replace air bellows. The mobile service workshop can perform the most common repairs on trailers, such as:

  • Light repairs, door holders, ABS diagnosis, small welding jobs, tires, air leaks, minor brake repairs, etc.

Frode Jensen, Managing Director at Nortemp Transport says: “It’s the perfect solution for us. Every day we have around 50 trailers passing C-log and there are always some repairs that need to be carried out on some of them. Therefore this setup is extremely convenient for us as the trailers can be repaired while the driver is sleeping”.

Contact information:

Tel.: +47 40912043

Email: christian.olesen@tipeurope.com

European Parliament proposes tougher CO2 emissions limits

European Parliament proposes tougher CO2 emissions limits

As part of its commitment to the 2015 Paris Agreement (COP21), the EU aims to reduce its greenhouse gas emissions by 40% from 1990 levels by 2030 then meet the designated 80-95% reduction by 2050. As part of this reduction strategy, the EU plans to regulate the environmental impact of Heavy Duty Vehicles (HDV) such as trucks, buses, and coaches.  Its objectives are to reduce carbon dioxide (CO2) emissions, improve fuel efficiency and encourage the development of innovative technologies by EU manufacturers and suppliers. (source: EU) Large trucks are thought to be accountable for 65-70% of all CO emissions from HDVs in Europe. (source: Reuters)

European Commission proposal – May 2018

In May 2018, as part of its third mobility package, the European Commission announced its legislative proposal which presented the first ever CO2 emissions standards for HDVs in the EU. The targets proposed were for a 15% reduction in CO2 emissions by 2025 and at least a 30% reduction by 2030. These targets are to be reviewed in 2022. At that point, the EU will review the latest technologies and decide whether the objectives need changing. (source: EU)

This mobility package also announced incentives to encourage truck manufacturers to build more zero and low-emission vehicles, financial subsidies, various testing and compliance measures, and financial penalties for not adhering to the law, to support the achievement of the targets.

ACEA opposition

The objectives soon came under fire from the ACEA (the European Automobile Manufacturers’ Association). It protested that the longer-term goal of 30% was unrealistic and that 16% by 2030 would be more feasible.  Likewise, with the 2025 target, ACEA suggested 7% rather than 15%. (source: Handelsblatt) ACEA Secretary General Erik Jonnaert said, “it would seem as though the Commission has simply taken the exact CO2 reduction levels it already proposed for cars and vans, and applied them directly to heavy-duty vehicles without recognizing the fundamental differences between these vehicle segments.”(source: Reuters)

EU procedure

In line with EU procedure, the proposed legislation was then sent to the European Parliament, the Council of Ministers and other EU institutions for further discussion.

European Parliament proposal – October 2018

In October 2018, the European Parliament’s Environment Committee voted to impose a higher target (35%) than the European Commission (30%) for new lorries to reduce CO2 emissions by 2030, with a mid-stage target of 20% by 2025.

It also wants “20% of new HDVs to be zero- or low-emission by 2030.” “Manufacturers will also have to ensure that zero- and low-emission vehicles (which emit at least 50% less) represent a 20% market share of the sales of new cars and vans by 2030 and 5% in 2025.” (source: EU)

ACEA reaction

The ACEA responded by communicating its concerns about the European Parliament’s decision.  In a statement to the press, ACEA Secretary General, Erik Jonnaert said that “Europe’s truck industry is willing to commit to ambitious CO2 targets, provided that these are technologically and economically viable in the given timeframe.” However, the extremely stringent CO2 reduction levels for 2025 and 2030 that MEPs voted on today go even beyond the Commission’s proposal, which was already highly challenging.

“These targets would pose major problems, as they simply do not take account of the realities and complexities of the truck market, nor the long development cycles for heavy-duty vehicles,” Jonnaert explained. “MEPs should be aware that trucks that will hit the market in 2025 are already under development now.”

The ACEA supports the European Commission’s idea of introducing specific incentives to stimulate innovation and the uptake of alternatively-powered trucks. In this respect, the industry welcomes the introduction of a super-credit system as a means to encourage the widest possible deployment of low- and zero-emission trucks.

However, MEPs have voted to transform this into a benchmark system, setting a CO2 ‘malus’ (financial penalty) for manufacturers who fail to reach totally unrealistic zero- and low- emission vehicle sales targets.

“This does not take account of the fact that the electrification potential of heavy-duty vehicles is much lower than for cars, especially when it comes to long-haul delivery trucks. In addition, recharging infrastructure is lacking, in particular along motorways,” Jonnaert said.

Next steps

The full House of the European Parliament will vote on the report in November 2018 before the law is submitted to the Council of Ministers where EU member ministers will have discussions, make amendments and convert the proposal into a final EU law. (source: Reuters)

TIP Trailer Services and CO2 emission reduction

TIP will soon start providing electric trucks through rental or leasing, possibly in 2019. Meanwhile, it is already supplying electric Light Commercial Vehicles (eLCVs) on a short-term rental of less than a year or on a long-term leasing basis (1 to 10 years). The long-term lease includes servicing and repair.

Customers can rely on TIP’s extensive fleet management experience and its network of workshops across Europe that are equipped to service electric vehicles. They can also benefit from its expertise in telematics and fleet management software.

TIP can buy your conventional LCVs and dispose of them as part of a part-exchange option. For more information on how you can reduce your fleet’s CO2 emissions with TIP’s electric vehicle offer, please contact your local TIP Trailer Services manager using this form.

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New weather forecasting applications will improve driver safety 

New weather forecasting applications will improve driver safety 

Forecasts tell us what weather to expect, where and when, in impressive detail. However, with satellite technology and predictive analytics combined, weather forecasting is set to become even more sophisticated. It will give fleet managers and drivers near real time data on the weather and its influence on the road and driving conditions, so helping them deliver their cargoes more safely. 

Beyond one dimensional forecasts 

Many drivers rely on their smartphones and free mobile weather apps from forecasters such as Météo-France or Weervoorspelling. These apps are excellent but are relatively one dimensional, giving little detail on the implications of the weather on traffic and road conditions. 

To multi-dimensional

This is where organisations such as WeatherTelematics and The Weather Company are intervening. IBM-owned The Weather Company, known for its consumer-focused service www.weather.com, has already created a mobile app that delivers weather predictions especially for drivers. It is now working to bring weather and road conditions data into predicting traffic patterns along specific routes. The app is interesting because it follows and analyses the weather via six factors that specifically impact truck driving, namely fog, high winds, the build-up of pools of water on the roads, wet roads, ice and snow. It provides a picture of the road conditions for drivers a couple of hours ahead. There is also an alert service that can trigger voice notifications of weather-related risks to drivers. (source: Trucks.com)

Greater safety

These new weather forecasting applications will improve driver safety by enabling drivers to take informed decisions about safe driving. These decisions include:

  • Modifying their speed and driving approach in less favourable weather.
  • Taking alternative routes to avoid accidents on road sections that become dangerous in particular weather conditions.
  • Deciding whether or not to be on the road in the case of extreme weather conditions.

Improve ROI

Analysts Frost & Sullivan report that telematics devices are enabling fleets to reduce fuel costs by up to 25% with a 30% reduction in idling time. FleetOwner magazine reports that detailed weather forecasting and data services give fleet operators a return on investment (ROI) many times the costs of the services provided, whilst providing significant operational cost savings and improving safety.

For example, if, as a fleet manager, you find out about perilous conditions or the weather impacting traffic patterns on the roads, you can communicate this information to your drivers and help them find an alternative route thereby reducing delays, trailer downtime, fuel costs and potential damage to your reputation through delayed deliveries.

Insurance implications

Data on weather combined with other information generated by telematics and sensors on trucks and trailers can provide useful empirical evidence when fleet managers handle accident claims with insurance companies, rather than the typical reconstruction of events that rely solely on opinions and frequently unsubstantiated observations. (source: FleetOwner)

Future developments

In addition to truck specific weather forecasting applications based on weather analytics becoming more widely adopted, there will be opportunities for those businesses which have information about disruptive weather patterns and can predict their impact on supply chains For example TransFX is developing a “trading platform that will enable shippers, carriers and third-party logistics firms to lock in freight rates ahead of major weather events and other natural disasters, such as earthquakes, or social and infrastructure breakdowns.” (source: TTNews)

New trends

Among several signs that “predictive road conditions services” are going to be a major market,s Google has filed a patent application entitled “Systems and methods for predicting weather performance for a vehicle”. 

In addition, Bosch, the automotive OEM, announced in July 2018 that it will partner with Foreca’s road weather experts to develop predictive road condition services. Whilst its emphasis is on cars, it is interesting to note that Bosch believes it will take some 20 million connected cars to cover roughly 80,000 kilometres of road in Europe to obtain the appropriate levels of data to launch a fully predictive road condition service. “For this reason alone, road weather forecasts will initially [sic: at the time of the service’s planned launch in 2020] be the only reliable source of information for drawing sound conclusions about road conditions, especially in rural areas where there is less traffic.”

Weathering the storms with TIP Trailer rental

Trailer rental is a powerful and flexible solution. It gives you access to the best trailers and latest trailer technology without the high upfront purchase costs and ownership overheads. 

Customers choosing to rent trailers through TIP Trailer Services can take advantage of preferential rental terms within lease contracts to take on more trailers or reduce the number as demand fluctuates. 

A trailer for every occasion

TIP hires out trailers for every occasion including semi-trailers, curtainsiders/tilt, moving/walking floor, flat, reefer, tanker, chemical, tipping powder, powder waste and many other types of trailers as well as trucks.

To find out how TIP can help you weather the storms with TIP Trailer rental, please contact us using this form.

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I Squared Capital finalized acquisition TIP Trailer Services

I Squared Capital acquired 100 percent of TIP Trailer Services per August 1st 2018

August 6, 2018, AMSTERDAM: I Squared Capital (ISQ), an independent global infrastructure investment manager, has finalized the acquisition through its ISQ Global Infrastructure Fund II, and acquired 100 percent interest in TIP Trailer Services, one of the leading pan-European and Canadian trailer leasing and services company, from HNA Group (International) Company Limited. All regulatory approvals required have been obtained, closing conditions have been met and the sale has been successfully completed per August 1, 2018.

Bob Fast, CEO of TIP Trailer services commented: “TIP’s Senior Leadership team and I are very excited to be undertaking this next phase in our company’s future and we remain convinced of the benefits that it will bring to our customers, our partners and our new shareholder.”

Our TIP 2020 strategy remains focused on our customers’ needs and we continue to build on the key pillars which support our success. Our excellent market position across Europe gives us a foundation upon which to expand our footprint globally, particularly in North America. We also continue to expand our range of assets to accommodate the needs of our customers supported by the highest service standards delivered by our extensive network and customer platform.

“I would like to thank all TIP staff in every function and every region for driving the success we have had over the past years and will give us the confidence to be successful in the future” concluded Bob Fast.

Come see us at the IAA CV trade show

The IAA Commercial Vehicles trade show will be opening its doors in Hannover from 20 – 27 September 2018. It provides an ideal opportunity for us to bring you up to speed on the newest developments in the fields of transportation and logistics.

What awaits you at the IAA Commercial Vehicles trade show?

“The IAA Commercial Vehicles takes place in Hannover every two years and is the world’s leading trade show for transport, logistics, and mobility. It offers a unique cross section of the entire value chain in the industry, from vehicles to transport and logistics, and from manufacturers to the many medium-sized suppliers.” (www.iaa.de)

More than 2,000 exhibitors from various countries will be showcasing their products and services across more than 270,000 m² of exhibition halls and surrounding grounds. “In 2018 there will once again be an attractive program of supporting activities and the future-showcase New Mobility World to enrich the IAA Commercial Vehicles.” (iaa.de)

We offer a range of flexible and reliable leasing and servicing solutions which are tailored to the needs of your vehicle fleet and facilitate transparent cost accounting. We would be delighted to tell you more about it face-to-face.

The IAA Commercial Vehicles trade show is the perfect opportunity for you to discover the ways in which TIP can help you to employ efficient fleet management strategies to maximise the return on your investment. We would be happy to assist you in meeting the day-to-day challenges posed by the need to facilitate full-capacity utilisation of your vehicles whilst also ensuring their complete operational readiness.

What can you expect to find at our booth?

The TIP booth D28 in Hall 27 has two focal points, in line with the nature of the services provided by TIP – leasing of commercial vehicles, and maintenance & repair of vehicles owned by our customers. At our booth, you will find information on the wide variety of semi-trailers which are available for leasing on a short- or long-term basis. In our workshop section you will see presentation of the “footprint” of the workshops operated by TIP in Germany and Austria. The TIP booth team, which is composed of experts on both the leasing- and the workshop-related aspects of our business, will be happy to explain and advise on the entire range of products and services we offer.

You are welcome to make an appointment ahead of time for the day of your choosing via e-mail: tip-marketing-central(at)tipeurope.com.

We look forward to seeing you at the IAA Commercial Vehicles trade show, Hall 27, Booth D28!

I Squared Capital to Acquire TIP Trailer Services

May 9 2018, 12:00 PM British Summer Time LONDON:

I Squared Capital, an independent global infrastructure investment manager, has signed an agreement through its ISQ Global Infrastructure Fund II, to acquire a 100 percent interest in TIP Trailer Services, a leading pan-European and Canadian trailer leasing and services company, from HNA Group (International) Company Limited.
Headquartered in Amsterdam and operating in 17 countries, TIP is one of the leading companies in its field in markets across Europe including Germany, the UK, Italy, France, Spain and the Benelux countries, as well as in Canada. It has a fleet of over 66,000 trailers and 86 trailer service centers serving approximately 7,700 customers, including numerous global logistics operators and retailers.

Adil Rahmathulla, Partner of I Squared Capital

“Our investment in TIP is the result of a detailed review of global transportation opportunities that provide essential links while benefiting from macro-economic tailwinds. With strong market positions across Europe and a sizeable business in North America, TIP’s global reach is an excellent fit for I Squared Capital. We look forward to working with TIP’s seasoned executive management team and roster of world-class logistics and retail customers to continually deliver essential services and position the business to drive growth across Europe, North America and beyond.”

Bob Fast, CEO of TIP Trailer Services

“This is the start of an exciting new chapter for TIP and we believe that as an infrastructure investor that knows our sector well, I Squared Capital will be a strong long-term partner for us. Our business is well-positioned for growth in the transportation equipment leasing and maintenance services sector in Europe and North America, and we are glad to have a partner with the capital to invest in our fleet and enable us to deliver even better service to our valued customers.”

About I Squared Capital

I Squared Capital is a global infrastructure investor with over $12 billion of assets under management and focusing on energy, utilities, telecom and transport. Select portfolio companies include the Viridian Group, a leading integrated Irish utility with conventional generation, renewable generation, and supply; Grupo T-Solar, one of largest solar platforms in Spain with 392 megawatts of photovoltaic and concentrated solar power generation capacity; and American Intermodal Management, a transportation platform leasing new marine chassis with GPS technology to retailers, logistics companies and shipping lines in the U.S. intermodal supply chain.
Linklaters is legal advisor to I Squared Capital. EH Global Capital is the financial advisor to HNA, and CMS is HNA’s legal advisor.

TIP Trailer Services 2017 Annual Report

AMSTERDAM-On 9 March 2018,

TIP Trailer Services releases its 2017 annual report

In his letter to stakeholders, Bob Fast, CEO, drew attention to strong underlying trading performance in growing markets, as well as to the business’s 50 year anniversary:

“We had another year of strong execution, growing revenue by 19%, at constant exchange rates, achieving our goal of €500m revenue. We successfully leveraged our scale to improve our contribution and EBITDA margins by 3% and 5% respectively and grew our operating profit by 32%. We continue to retain and attract new customers while improving our operational delivery. During the past half century we have been dedicated to making a positive impact on the customers we serve, the people in our teams, our trusted partners, the industry for which we care passionately about and the communities and environments in which we live. We are looking forward to another successful 50 years ahead of us.”

In his review on financial performance, Malachy Mc Enroe, CFO, focusing on financing and costs added:

“On the back of excellent trading results in 2017, we took advantage of favourable financing markets to further expand our liquidity while reducing cost and diversifying our funding. These actions position us well for strong growth in the coming years, protect our balance sheet and provide flexibility”

The full TIP Trailer Services annual report is available at:

https://www.tipeurope.com/about-us/annual-report/

Contacts

TIP Trailer Services Management B.V.
Kapil Sharma
Treasury and Investor
Relations Director
T +31 20 504 1677
M +31 621 105358
kapil.sharma@tipeurope.com
www.tipeurope.com

 

TIP expands workshop in Padborg

800 square meter workshop in Padborg

Padborg is the main hub for transport in and out of Denmark.

With its location, it is a crucial link to the rest of Europe and the business opportunities in Padborg are many. For that reason, TIP has decided to extend the Padborg Workshop with five lanes, where one will be prepared for light fiber work. The workshop will be expanded with 800 m2 and will besides the extra lanes also include modern facilities such as a new canteen, new changing facilities and a new warehouse.

Padborg has great potential

Christian Petersen, CEO for TIP Trailer Services Nordic, explains: “The potential in Padborg is very big and the number of trucks passing the Padborg border towards Denmark is increasing. It is therefore a crucial area for trailer maintenance in Denmark. With the extension of the workshop in Padborg, we increase the much needed workshop capacity in the area”. ”Our fleet is growing rapidly and the workshop is already utilized 100% with two shifts. Therefore the new extension will ensure, we have capacity to keep the service and repair in house and at the same time optimize the functionality in the old part of the workshop. We expect the extension will be ready in the first quarter of 2018”.

TIP Trailer Services announces the refinancing of its ABS program

Amsterdam, The Netherlands
21 September 2017

On 21 September 2017, TIP Trailer Services announced that it had successfully refinanced it’s Asset-Backed Securitisation (ABS) program. The Pan-European program was originally established in 2014 and is a securitisation structure common under Dutch law for operating leases. The new program will run until March 2019.

“The extra funding and improved conditions will allow us to better support our leasing customers with competitive operating lease solutions in addition to providing them with a full range of maintenance services. It will further support our growth aims over the coming years.”

Bob Fast, CEO TIP Trailer Services

“We had a strong appetite from a number of banks for this program but were delighted to renew and increase the senior facility to €100m with Rabobank, our existing provider and one of TIP’s key partner banks. Since we’ve implemented the program in 2014, interest rates have declined and we have been able to refinance on more attractive terms.”

Malachy Mc Enroe, CFO, TIP Trailer Service

“We originally structured this Pan-European program together with TIP Trailer Services in 2014. It was the first such program in the trailer leasing industry. We are delighted to continue to support TIP through this expanded ABS program.”

Sven Bax, Managing Director, Rabobank Wholesale

At the official signing of the TIP ABS refinancing were, from left to right: Jorrit Achterberg (Legal Counsel, TIP Trailer Services), Patrick Vergouwen (International Investor Relations Manager, TIP Trailer Services), Bart de Boo (Director, Asset Based Finance, Rabobank), Gert Huizing (Quality Assurance Manager Capital Market Services, Intertrust), Leo van der Sman (Legal Counsel, Intertrust)
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Questions or additional information, please contact:

Julia Pilkes
Global Marketing and Communications Leader
“Alpha Tower”
De Entree 33
1101 BH Amsterdam
The Netherlands
T +31 20 504 1787
M +31 611 78 6224
E julia.pilkes@tipeurope.com
W www.tipeurope.com

Kapil Sharma
Investor Relations Director
“Alpha Tower”
De Entree 33
1101 BH Amsterdam
The Netherlands
T +31 20 504 1677
M +31 621 105358
E kapil.sharma@tipeurope.com
W www.tipeurope.com