![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRANSPORT & LOGISTIC NEWS WORLDWIDE
* USA - FedEx profits continue to rise; pressure to expand portfolio grows
USA -FedEx (PR) -22 Sept 2006: -- FedEx has continued its run of strong growth and improving profitability, with 1st Quarter revenue up significantly... There is also speculation about the future corporate development of the company and which sectors it will focus on...
* Japan - AsPac shipping conference to reduce Europe service
Tokyo,Japan -Hanjin (PR) -22 Sep 2006: -- The CKYH Alliance (COSCON, "K" Line, Yang Ming, and Hanjin Shipping) plans to reform its Asia/Europe service strings starting from November, 2006... Currently CKYH operates 7 strings in Asia/Europe service. After reviewing calling ports in each of the existing services and reforming many duplicated port-pairs, CKYH will operate 6 strings in Asia/Europe service in the year 2007...
* Holland - DHL initiates new generation of global shipment management
Holland DHL (PR) -22 Sept 2006: -- DHL has initiated a new generation of global shipment management system known as Quality Shipment Monitoring System (QSMS) across 10 countries in its Asia Pacific network...
* Japan - Schenker/Seino reconfirm global cooperation
Ogaki City,Gifu Prefecture,Japan -Schenker (PR) -22 Sep 2006: -- Seino Holdings Co., Ltd., Deutsche Bahn AG and Schenker have recently reconfirmed their global cooperation by signing an Alliance Agreement at Seino's head office... Since 1999, Schenker and Seino have a strategic alliance for integrated logistics and freight forwarding. With a workforce of approximately 22,000 employees at about 420 locations and a sales volume of over three billion euros, Seino is one of Japan's leading carriers... Schenker-Seino Co., Ltd. was established as a joint venture with Seino in 2002...
* USA - Con-Way warns of falling trucking volumes
Portland, Oregon -Con-Way(PR) -22 Sep 2006: -- Con-way Inc. has announced that third-quarter earnings from continuing operations are expected to be between $1.10 and $1.15 per diluted share... The revised earnings guidance reflects business volumes below expectations at Con-way Freight, the company's less-than-truckload operating unit. Third quarter tonnage levels at Con-way Freight are expected to show a mid-single digit decline compared to the 2005 third quarter, which posted a record tonnage gain... The new guidance is also as a result of changes to the recognition of earnings for Vector SCM, the logistics joint venture with General Motors Corp. Con-way is removing Vector's expected profit contribution of five cents per diluted share from its 2006 third quarter guidance. Following the terms of the Vector agreements, under which GM exercised...
* USA - UPS assembles defence logistics team
USA -UPS (PR) -22 Sep 2006: -- UPS has assembled a team of 18 transportation, logistics and IT companies with extensive expertise to bid on the Defense Transportation Coordination Initiative (DTCI), a major programme by the Department of Defense (DoD) to improve visibility, predictability, reliability and efficiency by streamlining the movement of material within the United States...
* USA - UPS starts negotiations with Union
USA -USPS (PR) -21 Sep 2006: -- The International Brotherhood of Teamsters and UPS have opened negotiations on a new contract to replace a six-year pact that expires July 31, 2008...
* USA -USPS signs exclusive deal with fashion etailer
USA -USPS (PR) -21 Sep 2006: -- One of the fastest growing Internet-based companies in the US has signed an arrangement with the U.S. Postal Service to deliver all international online sales... eFashionSolutions will use the Postal Service's Global Shipping Solution (GSS) exclusively for all orders placed through its 26 websites destined overseas. eFashionSolutions designs and manages the fulfillment for the leading designer, luxury and celebrity-licensed brand fashion apparel...
* UK - Norbert Dentressangle revenues strong in first half
London,UK -Norbert Dentressangle (PR) -21 Sept 2006: -- Norbert Dentressangle Group has delivered a strong performance in the first half of 2006, with revenue up by close to 16%...
* China - Cosco profits fall by two thirds
Hong Kong,China -Cosco (PR) -21 Sept 2006: -- COSCO Holdings Company Limited, the largest container shipping company in China, has announced its financial results for the six months ended 30 June 2006. Profits have slumped as growth in capacity outstrips demand...
* China - Sinotrans has entered into a joint venture with Korean Air
HK,China -Sinotrans (PR) -21 Sept 2006: -- Sinoair, a non-wholly owned subsidiary of Sinotrans, has announced the creation of a new joint venture with Korean Air to be called the International Air Cargo Transportation Company...
* Holland -TNT expands network to North Africa
Holland -TNT(PR) -21 Sept 2006: -- TNT Express has announced it has extended its Express Road Network (ERN) into Africa by starting an international road line haul connection to Casablanca, Morocco...
* Singapore - Container rates continue to slide for NOL
Singapore -NOL (PR) -20 Sept 2006: -- Shipping group NOL, owner of APL and APL Logistics, has released details of its operating performance. Its Liner division saw year to date container volumes grow by 7% year on year while August volumes increased 11%... Year to date average revenues per FEU declined 6% while August average revenues per FEU declined 9% over the corresponding period last year...
MARKET
* UK - India's economy at risk from poor port investment, high costs
London,UK -Transport Intelligence -21 Sep 2006: -- A lack of world-class infrastructure and high port and inland costs continue to limit India's economic progress, a senior executive of global shipping company, APL, has asserted... At a recent conference, APL President for South Asia, Kenneth Glenn, said that as global sourcing and manufacturing continued to shift to Asian locations, foreign investors will choose to invest near ports with world-class efficiency in port infrastructure... India's export-driven progress is also hampered by some of the world's highest port and rail costs, according to Mr Glenn. He cited the fact that the cost of transporting one TEU one kilometre in India is 53% higher than in the United States... Mr Glenn also told the conference that rather than reducing costs, the proposed enactment of the Shipping Trade Practices Bill could cause a cascade of cost increases across the supply chain... "The experience in other countries shows that a bureaucratic approach to the regulation of pricing will not have the intended effect of limiting costs, but will disadvantage India's global competitiveness," concluded Mr Glenn...
posted by Unknown @ 1:26 PM
0 Comments:
Post a Comment
<< Home