Inside Logistics

Done Deals: March 12, 2021

Contracts, mergers, acquisitions and big deals in the supply chain sector this week


March 12, 2021
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Kinaxis

ESCO, a division of The Weir Group, has selected Kinaxis software. Kinaxis RapidResponse and its concurrent planning technique will support ESCO’s global sales and operations as it engineers, manufactures and services of equipment for the mining and infrastructure industries.It will help the company improve forecasting and planning, reduce inventory obsolescence, and increase confident decision-making.

Descartes

Thornhill, Ontario-based Universal Logistics Inc., a freight forwarding and customs brokerage services provider, is using the Descartes Canadian Customs Brokerage solution to automate of labour-intensive Customs declarations processes. The solution includes a document digitization solution from Windmill, a Descartes partner. An on-demand software solution, Descartes Canadian Customs Brokerage allows brokers to automate the workflows associated with Customs entries, regulatory filings, and customer invoicing. Windmill’s EasyClearance solution allows unstructured electronic documents, such as PDFs of commercial invoices from shippers, to be converted to structured data, eliminating the need for repetitive, error-prone, time-consuming manual data entry.

GeoMetrix Rail Logistics

Amsted Digital Solutions (ADS), a provider of onboard GPS telematics solutions with a focus on freight rail, has acquired the assets of Calgary-based railcar fleet management software company GeoMetrix Rail Logistics, Inc. The GeoMetrix software solution includes features such as bills of lading creation, track-and-trace capability, waybill reporting, rail yard management, ERP integrations, mechanical planning and analysis tools, lease management and more.

Amazon

Amazon.com plans to open a new fulfillment centre in Amarillo, Texas. Approximately 500 full-time employees will pick, pack, and ship bulky or larger items such as furniture, outdoor equipment, or rugs in the new one million square-foot  facility, which is expected to launch in early 2022.

Lineage Logistics

Lineage Logistics, LLC has raised US$1.9 billion in equity from new and existing strategic partners. Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others. Greg Lehmkuhl, president and CEO of Lineage said the “overwhelming demand” from institutional investors validates the company’s business model. A significant portion of the new capital will be used to double down on new technologies to design the temperature-controlled warehouse of the future. The company is developing algorithms and automation software to streamline operations and optimize movement within its warehouses.