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Digital forwarder Sennder renews Poste Italiane joint venture
[ July 12, 2023 // Chris Lewis ]Digital freight forwarder Sennder Technologies has renewed its joint venture with Poste Italiane for up to 10 years, saying it has the potential to generate up to €2.3 billion revenues. They will use technology to optimise full truck load (FTL) operations and the movement of parcels and mail between Italy’s sorting and distribution hubs.
In 2019, German-based Sennder established operations in Milan and created Sennder Italia through its joint venture with Poste Italiane. Since then,it says it has become the leading digital operator in the Italian FTL market, with profits of €4.5 million in 2022.
As part of the agreement, the partners have agreed to accelerate the respective conversion rights envisaged by existing agreements and, as a result Sennder owns 75% of Sennder Italia while the remaining 25% is retained by Poste Italiane. In return, Poste Italiane has increased its stake in Sennder to about 10%.
Sennder chief executive and co-founder, David Nothacker, said: “Through advanced technology and cutting out middle-layers of subcontracting, Sennder has enabled thousands of small carriers to efficiently and transparently transport Poste Italiane’s loads, leading to enhanced operational efficiency and streamlined logistics processes. Sennder’s platform helps track, monitor and operate shipping loads digitally, removing manual processes, reducing empty kilometres and increasing efficiencies. Additionally, sennder’s technology enables Poste Italiane to track its CO2 footprint and implement green business solutions, reducing emissions.
The collaboration was the initial blueprint for Sennder’s SennCONTROL service model which offers end-to-end digital management of customers’ FTL volume through a single portal. The collaboration between Sennder and Poste Italiane has paved the way for the expansion of this across Europe and it is already used by several customers.
Tags: Sennder; Poste Italiane