Agility spends US$18m to boost 'green' logistics supply chains
AGILITY Ventures, the corporate venture arm of Agility Logistics, has invested US$18 million in technologies to bolster the energy efficiency of its supply chain
AGILITY Ventures, the corporate venture arm of Agility Logistics, has invested US$18 million in technologies to bolster the energy efficiency of its supply chain.
According to Agility's 2019 sustainability report, the company plans to reduce emissions from 2016 levels by one-quarter by 2025.
'To reach that goal, the company is implementing renewable energy pilots in large facilities across the world and building to green standards as it adds more than 300,000 square metres of facilities to its portfolio of warehousing and light industrial facilities across the Middle East and Africa,' the Kuwait-based logistics provider said.
Part of the $18 million also will go towards green technology start-ups, including hybrid trucking technology company Hyliion and solar thermal technology company TVP Solar. Agility estimates that Hyliion's trucking technology could cut fuel consumption and emissions by 30 per cent by recycling kinetic energy from braking, reported New York's Air Cargo World.
TVP's technology already has successfully completed a one-year study at Agility's Kuwait headquarters. According to an April 2018 announcement on the study, TVP's system 'ran automatically and unattended with 98 per cent reliability, showing a mere eight per cent efficiency loss due to soiling effect.'
The sustainability report also revealed that Agility has invested in road freight booking platform CargoX, which taps markets like Brazil. The platform is designed to lower the number of empty trucks on the highway - in Brazil, trucks are estimated to run empty 40 per cent of the time - in order to reduce freight costs and carbon footprints.