Latest news with #costReduction
CNA
11 hours ago
- Automotive
- CNA
Volvo Group, Daimler look to technology joint venture in bid to save costs
GOTHENBURG :European truckmaking rivals AB Volvo and Daimler Truck hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said on Tuesday. Fleets and truck manufacturers, like automakers, have been racing to produce technology-packed vehicles while also grappling with the need to reduce costs. Truckmakers are currently heavily reliant on suppliers because their software is closely tied to hardware, but Daimler and Volvo's new business - called Coretura - aims to develop a software-defined vehicle platform and reduce that dependence. The companies are looking to create an "industry standard", Daimler Trucks CEO Karin Radstrom told reporters. "We're looking at how we can move from our current reality where we are very much dependent on our suppliers - which drives both cost and sometimes timelines - and instead looking at what's the next generation of software that we need to bring to the vehicle", Radstrom said. The Gothenburg-based venture will employ 50 employees to start, with the hope of first deliveries of its connectivity platform in 2027 and further deliveries towards the end of the decade. "Everything in the vehicle industry is very much oriented around software and controlled by software", said Johan Lunden, a Volvo veteran and the newly appointed CEO of Coretura. Software will play an increasingly vital role in achieving sustainability, productivity, and safety targets in the future, he added. While rivals, Volvo Group and Daimler have collaborated on various businesses in recent years, such as within charging and hydrogen fuel cell development.
Reuters
11 hours ago
- Automotive
- Reuters
Volvo Group, Daimler look to technology joint venture in bid to save costs
GOTHENBURG, June 17 (Reuters) - European truckmaking rivals AB Volvo ( opens new tab and Daimler Truck ( opens new tab hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said on Tuesday. Fleets and truck manufacturers, like automakers, have been racing to produce technology-packed vehicles while also grappling with the need to reduce costs. Truckmakers are currently heavily reliant on suppliers because their software is closely tied to hardware, but Daimler and Volvo's new business - called Coretura - aims to develop a software-defined vehicle platform and reduce that dependence. The companies are looking to create an "industry standard", Daimler Trucks CEO Karin Radstrom told reporters. "We're looking at how we can move from our current reality where we are very much dependent on our suppliers - which drives both cost and sometimes timelines - and instead looking at what's the next generation of software that we need to bring to the vehicle", Radstrom said. The Gothenburg-based venture will employ 50 employees to start, with the hope of first deliveries of its connectivity platform in 2027 and further deliveries towards the end of the decade. "Everything in the vehicle industry is very much oriented around software and controlled by software", said Johan Lunden, a Volvo veteran and the newly appointed CEO of Coretura. Software will play an increasingly vital role in achieving sustainability, productivity, and safety targets in the future, he added. While rivals, Volvo Group and Daimler have collaborated on various businesses in recent years, such as within charging and hydrogen fuel cell development.
Yahoo
11 hours ago
- Automotive
- Yahoo
Volvo Group, Daimler look to technology joint venture in bid to save costs
GOTHENBURG (Reuters) -European truckmaking rivals AB Volvo and Daimler Truck hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said on Tuesday. Fleets and truck manufacturers, like automakers, have been racing to produce technology-packed vehicles while also grappling with the need to reduce costs. Truckmakers are currently heavily reliant on suppliers because their software is closely tied to hardware, but Daimler and Volvo's new business - called Coretura - aims to develop a software-defined vehicle platform and reduce that dependence. The companies are looking to create an "industry standard", Daimler Trucks CEO Karin Radstrom told reporters. "We're looking at how we can move from our current reality where we are very much dependent on our suppliers - which drives both cost and sometimes timelines - and instead looking at what's the next generation of software that we need to bring to the vehicle", Radstrom said. The Gothenburg-based venture will employ 50 employees to start, with the hope of first deliveries of its connectivity platform in 2027 and further deliveries towards the end of the decade. "Everything in the vehicle industry is very much oriented around software and controlled by software", said Johan Lunden, a Volvo veteran and the newly appointed CEO of Coretura. Software will play an increasingly vital role in achieving sustainability, productivity, and safety targets in the future, he added. While rivals, Volvo Group and Daimler have collaborated on various businesses in recent years, such as within charging and hydrogen fuel cell development. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
20-05-2025
- Business
- Associated Press
ContainerExchanger Revolutionizes Freight Efficiency with Collapsible Plastic Containers
Freight costs have a funny way of creeping up on you. One month, they're manageable, and the next, you're staring at shipping invoices that make you question every inch of wasted space on that last outbound truck. For warehouse-heavy operations, it's not just the products you ship but how efficiently you move them. If your operation deals with high volumes and frequent returns, one of the simplest ways to cut costs is by rethinking the containers themselves. More specifically, by using containers that aren't taking up space when they're not actually doing their job. That's where collapsible designs step in and change the math on freight efficiency. What Makes a Container 'Collapsible'? At a glance, collapsible plastic containers look like standard pallet-sized storage bins. They're strong, stackable, and built for heavy-duty warehouse use. The difference shows up after the unload. Once empty, these containers fold down into a compact footprint — often reducing their volume by half or more. That means instead of returning bulky empties to your facility or paying to store air, you can reclaim truck space and slash shipping costs without changing your load schedule. It's a simple design tweak with big implications. Stack More, Ship Smarter Freight is a game of volume and weight. With traditional rigid bins, return trips are often filled with bulky empties that cost just as much to ship as they did when full. That's wasted money. Collapsible plastic containers, on the other hand, stack tighter when folded. More units can be loaded per return trip, maximizing the value of every mile and reducing the number of trucks needed. The savings stack up quickly for businesses running closed-loop shipping or returnable container programs. Even when fully loaded, these containers are designed to stack safely, making them just as efficient on the outbound leg of a shipment. Shrink the Freight Bill per Unit Shipping is rarely priced per item based on pallets, volume, or truckload. The more you can fit into a shipment, the lower your per-unit cost. With the ability to fold down after use, collapsible containers open up room for more product on the way back or allow you to consolidate future shipments with fewer trips overall. This point is where logistics math turns into real money saved. Fewer trips. More efficient loads. Lower per-unit transport costs. It adds up fast, especially for companies shipping long distances or operating across multiple facilities. Tough on the Road, Easy on the Budget Durability is another area where collapsible plastic storage containers win out. Unlike cardboard or soft bags that wear down after a few trips, these containers are built to handle the rough-and-tumble of freight transport. They hold their shape when full, protect contents from damage, and handle forklifts, pallet jacks, and conveyor systems with ease. That durability means fewer broken containers, fewer damaged goods, and fewer replacements needed. Add in their reusable design, and you'll get long-term ROI on top of immediate freight savings. Reduce Damage = Reduce Costs Damage in transit is more than just frustrating — it's expensive. Collapsible containers often come with reinforced sidewalls, locking lids, and stable bases that reduce shifting, crushing, and collisions during transport. By protecting your products more effectively, you're not just saving money on the shipping side but also reducing write-offs, reshipments, and customer complaints. That's a win for your operations team and your bottom line. Sustainability as a Bonus These containers aren't just smart — they're sustainable. They reduce the need for single-use packaging, limit waste, and contribute to more efficient transportation, which cuts emissions across the board. They also support companies working toward greener logistics without needing to invest in expensive eco-alternatives. Many are recyclable at the end of their lifecycle, and because they're used over and over again, they significantly reduce the environmental footprint of your packaging operation. Fold the Freight Bill, Not Just the Box Collapsible containers offer real, measurable cost savings. By cutting down on return trip volume, increasing load capacity, and reducing product damage, they help companies move smarter and leaner across every leg of their supply chain. If you're looking to bring those savings into your own warehouse operation, Container Exchanger offers a wide range of durable, collapsible plastic containers built to help you reduce freight costs without compromising efficiency. Media Contact Company Name: Containerexchanger Contact Person: Jason Email: Send Email Address:6025 Lagrange Blvd. SW City: Atlanta State: GA 30336 Country: United States Website: Press Release Distributed by To view the original version on ABNewswire visit: ContainerExchanger Revolutionizes Freight Efficiency with Collapsible Plastic Containers
