Done deals: December 30, 2021

by Inside Logistics Online Staff

CP & Canpotex

Canadian Pacific Railway Limited has won a renewed contract to move potash for Canpotex Limited. CP is the primary rail transportation provider supporting delivery of Canadian potash to Canpotex’s overseas export markets. The new seven-year deal, which runs through 2028, is a successor to the current, 10-year agreement between CP and Canpotex, which expires in 2022.

CN & Google Cloud

CN has signed on with Google Cloud for a seven year deal that will seethe railway using artificial intelligence and machine learning to improve customers’ visibility into shipments. As part of a network-wide digitization process, CN will move the  majority of its digital infrastructure, including SAP applications, to Google Cloud’s always-on global network.

Mitsubishi Logisnext & Tavant

Mitsubishi Logisnext Americas is using software from Tavant to manage warranty and claims processes. TRACS is a truck registration and claim system purpose-built for Mitsubishi Logisnext. The web-based application provides warranty management services, including capabilities that allow Mitsubishi Logisnext Americas employees, dealers, and partners to add and manage warranty policies on individual products.

Symbotic & SVF Investment Corp. 3

A merger between Symbotic LLC, which provides warehouse robotics, and SVF Investment Corp. 3 (SVFC), a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers is expected to make Symbotic a public company listed on Nasdaq. Upon completion of the merger, which is expected in the first half of 2022, the combined company will operate under the Symbotic Inc. name and will trade on Nasdaq under the ticker symbol SYM. Symbotic’s A.I.-powered software acts as the conductor of a team of robots that receive, store and retrieve a virtually unlimited number of products. At the core of the system is a fleet of several hundred autonomous, intelligent, mobile robots called “Symbots.” With the industry’s largest contracted order backlog of over US$5 billion, the company already operates systems that service over 1,400 stores in 16 states and eight Canadian provinces. The Company expects to achieve $433 million in revenue in FY 2022, representing an increase of more than 73 percent year-over-year.

– December 30, 2021