Afternoon Coffee: DHL Supply Chain partners with Convoy; Blackstone to invest in warehousing in India

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Contract logistics giant DHL Supply Chain has linked up with truck load-matching platform Convoy to access carriers and rates. It has become the first third-party logistics provider to collaborate with Convoy, reports Freightwaves.

DHL Supply Chain will integrate Convoy’s carrier network into its applications through its “MySupplyChain” visibility platform. It can access Convoy’s automated real-time pricing and secure capacity, according to Brooks McMahon, Convoy’s vice president of partnerships.

E-fracking being adopted by oil but has its own problems

A new technology used to replace conventional fracking called electric fracking, powered by natural gas instead of costly diesel is a new way shale producers are cutting costs to improve their returns. The tech has been adopted by EOG, Royal Dutch Shell Plc, Exxon Mobil Corp and others. But it can cost oilfield service companies double the amount to build compared to conventional fracking fleets, reports Reuters.

Kenco opens warehousing and distribution services facility

Third-party logistics provider Kenco Logistics has set up a new warehousing and distribution services facility adjacent to the high-demand Los Angeles market in Perris, California. The nearly 600,000-square-foot facility has access to all major transportation routes and includes foreign trade benefits, as shipments from international markets can be processed and transloaded to trucks or rail delivery.

Blackstone in talks to invest in Allcargo in India

The Blackstone Group Inc. is in active talks to invest $209 million in a venture with Allcargo Logistics Ltd. to build warehouses in India. A report by Bloomberg Quint said the real estate unit of the U.S. private equity firm may own 51% of the venture. Negotiations are still on. Blackstone is expanding into India to take advantage of companies like Walmart and Amazon who have large operations there and require large warehouses.

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