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TRANSPORT & LOGISTIC NEWS WORLDWIDE
* USA - Ahead of the Bell: U.S. Xpress
New York,NY,USA - chron.com/The Associated Press -Aug. 31, 2006: -- Trucking company U.S. Xpress Enterprises Inc. appears to be continuing a successful growth strategy with its purchase of a stake of truckload carrier Abilene Motor Express Inc., said a Morgan Keegan analyst Thursday... Chattanooga, Tenn.-based U.S. Xpress said it bought a 49 percent stake in Abilene Motor Express for an undisclosed sum. U.S. Xpress has an option to buy Abilene's remaining 51 percent interest until August 2010... U.S. Xpress recently bought stakes in Total Transportation of Mississippi and in regional truckload carrier Arnold Transportation by initially acquiring a minority interest and then increasing its stake to majority control, said Morgan Keegan & Co. analyst Chaz G. Jones in a client note...
* China - COSCO signs deal with Chinese auto manufacturers
Hong Kong,China -Transport Intelligence -1 Sept 2006: -- COSCO has briefly announced agreements with 17 leading Chinese automotive companies...
* China - Air China profits tumble
Beigjing,China -Transport Intelligence -1 Sept 2006: -- Air China has announced its interim results for the six months ended June 30, 2006. Profit from operations declined by 36.1% to RMB893 million (€87.6m), mainly due to the increase in the cost of jet fuel...
* USA - OrderPro to open up in Mexico
TUCSON, Ariz,USA -Transport Intelligence -1 Sept 2006: -- US logistics company OrderPro Logistics, Inc. has announced that it is planning to provide transportation services to Mexico...
* UK - TDG: 1) Wins deal to extend flooring contract
London,UK - Transport Intelligence -1 Sept 2006: -- TDG has extended its multi million pound UK distribution contract for Forbo, a world leader in linoleum-made floor coverings...
TDG: 2) wins new Euro contract
TDG has won a European contract from a manufacturer of seasonings and flavourings...
* Denmark - Maersk struggles in first half
Copenhagen,Denmark -Transport Intelligence -1 Sept, 2006: -- Global shipping line, ports and logistics group, Maersk, has struggled in the first six months of the year, losing market share and suffering from lower rates and increased costs. It has also faced challenges in integrating its P&O Nedlloyd acquisition...
* USA - UPS pilots' union votes on new deal
Atlanta,GA,USA -Transport Intelligence -1 Sept 2006: -- The members of the Independent Pilots Association, the collective bargaining unit of the pilots who fly for UPS, have started voting on a new labour contract...
* USA - FedEx and pilots union announces deal
Memphis,TENN,USA -Transport Intelligence -1 Sept 2006: -- FedEx Express and pilots union ALPA have announced a tentative labour agreement although the four-year contract still requires ratification...
* Germany - DHL 1) Invests in Mexican air network
Germany -Transport Intelligence -31 Aug 2006: -- DHL has announced details of its new Mexican Air Network that will begin operations this week. The initial investment in 2005 was more than 140 million pesos (€10m)...
* DHL 2) Starts work on new Chicago service centre
DHL has announced it has broken ground on a new, modernized service centre operation near O'Hare International Airport in Chicago, IL.,USA...
* China - Sinotrans expands into heavy lift
Hong Kong,China -Transport Intelligence -31 Aug 2006: -- Chinese logistics provider Sinotrans has acquired 80% of the shares of heavy lift specialist Shandong Lishen Co...
* China Shipping profits halve as freight rates and costs bite
Shanghai,China -Transport Intelligence -31 Aug 2006: -- China Shipping, one of Asia Pacific's largest shipping lines, has seen its profits cut in half by falling freight rates and rising costs...
* Germany - Decision over Deutsche Bahn future nears
Germany -Transport Intelligence -31 Aug 2006: -- It seems likely that a decision will be taken in the near future over the future of German logistics giant Deutsche Bahn, the owner of Schenker, Railion and BAX Global. There is a growing consensus that the company will be part-privatised as a whole and not broken up as previously considered...
* Holland - TNT confirms details of Logistics sale
Amsterdam,Holland -Transport Intelligence -31 Aug 2006: -- TNT has confirmed the expected net proceeds of the announced sale of its logistics activities to lie between € 1.2 billion and € 1.3 billion at completion...
* South Korea - Hanjin Shipping places order for 10,000TEU ships
Seoul,South Korea -Transport Intelligence -30 Aug 2006: -- Hanjin Shipping has become the first Korean carrier to place an order of five 10,000TEU containerships...
* USA - Truck index rises in July
USA -Transport Intelligence - 30 Aug 2006: -- The American Trucking Associations' for-hire Truck Tonnage Index increased for the third time in the last four months, rising 0.7 percent in July. The latest increase followed a 0.4 percent contraction in June...
posted by Unknown @ 11:13 AM
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