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TRANSPORTS NEWS WORLDWIDE
* UK - Analysis: Rising inventory costs to provide impetus for 'solutions' providers
UK -Transport Intelligence (UK) -8 August 2006: -- The contract logistics sector, which in the past few years has been eclipsed by the stellar growth of freight forwarding, could be coming back into its own. In the late 1990s the sector was very much regarded by analysts as a key growth market whilst freight forwarding was perceived as a rather dull, low value add activity. One of the primary reasons for this was the role that ‘high end’ logistics companies could play in reducing clients’ inventory levels. At a time when interest rates, and consequently inventory carrying costs, were high, this was a powerful argument... However following the end of the ‘dotcom’ boom and the economic slump endured by global markets, interest rates fell. This reduced pressure on manufactuers and retailers to focus on stock levels, even though the best in class continued to do so...
* Dubai - Global port group plans massive investment in UK
Dubai -Transport Intelligence (UK) -10 Aug 2006: -- Dubai based marine terminal operator DP World has continued its aggressive expansion plans which have seen it extend its global scope following the acquisition of P&O earlier in the year. A £1.5 billion investment in the UK is planned, following expansion in the past few months in Asia Pacific and Latin America...
* Germany - Schenker expands oil and gas operations
Germany -Transport Intelligence (UK) -10 August 2006: -- Deutsche Bahn subsidiary Schenker has announced that it is now present in Aberdeen, one of the global centres of the oil and gas industry via its BAX Global office. The new common service is focused on the special needs of the international energy industry...
* USA - Forwarder EGL pays $4 million over alleged Iraq fraud
USA -Transport Intelligence (UK) -10 August 2006: -- The US Department of Justice has revealed that global forwarder EGL, Inc. has paid $4 million to settle potential civil claims under the False Claims Act based on the company’s alleged inflation of invoices for military cargo shipments to Iraq...
posted by Unknown @ 12:54 PM
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