Done deals: October 8, 2021

CPP Investments & Ports America

Canada Pension Plan Investment Board is buying 100 percent Ports America, North America’s largest marine terminal operator, through the acquisition of an interest from funds managed by Oaktree Capital Management, L.P. CPP Investments has been a minority investor in Ports America since 2014. Ports America operates 70 locations in 33 ports on each of the United States’s three coasts. It annually handles 13.4 million TEUs, including 10 million tons of general cargo, 2.5 million vehicles and 1.7 million cruise ship passengers.

DFDS & Volvo

DFDS’s order of 100 Volvo FM Electric trucks is Europe’s largest heavy-duty electric truck order to date. The new electric trucks will be deployed throughout DFDS’ European logistics network during 2022 and 2023. The order marks the beginning of a transition to a sustainable logistics supply chain offering in line with DFDS’s Climate Action Plan to reduce emissions from transport equipment. The truck can carry a maximum weight of 44 tons (Gross Combination Weight) and have a range of up to 300 km when fully charged. The order includes eco-driving training by Volvo to ensure a competitive transition to the new technology.

Inform & Norfolk Southern

Inform has been selected to deliver yard management and crane software at Norfolk Southern’s Rossville and Austell terminals. In addition to delivering Inform’s Yard Optimizer and Crane Optimizer add-on modules, Inform will also provide several modules from their purpose-built Intermodal terminal operating system. The software will combine Inform’s Syncrotess artificial intelligence and optimization techniques.

GreenPower & WeShip

GreenPower Motor Company Inc. has delivered 10 GreenPower EV Star Cab and Chassis to WeShip LLC. for use in Southern California. GreenPower’s EV Star Cab and Chassis handles middle- and last-mile needs, incorporating a body of the customers choosing, on GreenPower’s highly rated chassis, all while maintaining the benefits of being a zero-emissions vehicle. This first-to-market, purpose-built Cab and Chassis has carrying capacity up to 7,000 pounds and a range of 150 miles.

– October 8, 2021