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TRANSPORT & LOGISTIC NEWS WORLDWIDE
* Luxembourg - Ruling to force sale of TNT shares by Dutch governmentLuxembourg -Transport Intelligence (UK) -2 Oct 2006: -- The European Court of Justice has ruled that the 11% stake in TNT Group held by the Dutch Government is an obstruction to competition in the market for postal services, which is being liberalised within the EU... The ruling is not a surprise as the EU has adopted a policy stance against State holdings in postal and logistics companies, one which the Netherlands Government supports - in contrast to some other countries in the EU. However the prospect of both a withdrawal by the Dutch State and a large tranche of stock being available on the market has only increased speculation of a takeover of the remaining parts of TNT Group...
* Belgium - New China postal legislation to strike at express sector
Brussels,Belgium -EEA (PR)/Transport Intelligence (UK) -2 Oct 2006: -- The Chinese express industry is facing the same sort of crisis which could impact that of India's - new regulations designed to protect the national Post Office... According to the European Express Association (which represents the major express carriers) these moves are a violation of the horizontal rollback provision in China's WTO commitments... It is not only the domestic express operators which are concerned. The 'Big Four' (DHL, UPS, FedEx and TNT) believe that the postal law could potentially lead to a very difficult operational environment in China, which would severely limit the potential growth of the sector and that of their customers. This is important as they have spent many millions investing in the domestic market which they believe to have the greatest potential...
* UK - Proposed security regime would create supply chain 'chaos'
London,UK -Transport Intelligence (UK) -2 Oct 2006: -- A new security regime proposed by the UK government, and set for introduction in next year, could set the industry back to pre-Single European Market times, with every shipment entering the country needing 'clearance'. The result would be chaos at ports, and leave the UK economy out of step with its main trading partners...
* France - CMA CGM inaugurates giant new vessel
Marseille,France -CMA CGM Group (PR) -2 Oct 2006: -- CMA CGM Group, the world's third largest container shipping company, has announced the inauguration of its container ship, the CMA CGM "MEDEA", a 9,415 TEU vessel, to be deployed on Asia trades... (See photo)
* Hong Kong/China - BALtrans expands into Middle East
Hong Kong,China -Transport Intelligence -2 Oct 2006: -- BALtrans Holdings Limited, a leading freight forwarding and logistics group in Asia Pacific, has recently signed a Master Licensee Sales and Services Agreement with Premier Logistics Group (PLG), one of the largest logistics companies in Oman...
* Netherlands - TNT has signed a deal to buy half of a Chinese road freight transport operator
The Hague,Netherlands -TNT (Press Report)/Transport Intelligence (UK) -2 Oct 2006: -- TNT announced that it had signed an 'Equity Transfer Agreement' with Hoau Group, a Shanghai based road haulier with '1100 depots and 56 hubs' across China. The deal was trailed by a 'Memorandum Of Understanding' (MOU) late last year and has yet to be approved at Government level...
* South Korea - New shipping service links South East Asia with US East Coast
Busan,S.Korea -Transport Intelligence (UK) -2 Oct 2006: -- Hanjin Shipping, "K" Line, Yang Ming Ltd. and United Arab Shipping Co. S.A.G. (UASC) have announced the start-up of an new service linking two of the fastest growing export markets, South East Asia and India, Sri Lanka with the Mediterranean Sea and the US East Coast...
* USA - APL launches new China-Australia service
Oakland,CAL,USA -Transport Intelligence (UK) -2 Oct 2006: -- Global container transportation leader, APL, is set to enhance its coverage of the fast-growing trade between China and Australia with the launch of a new weekly service...
* Netherlands - APM signs Zeebrugge port deal with Shanghai International
The Hague,Netherlands -Transport Intelligence (UK) -2 Oct 2006: -- APM Terminals International, and Shanghai International Port Group (SIPG) have signed an agreement related to its Zeebrugge terminal...
* USA - Velocity Express achieving turnaround
Minneapolis,MN,USA -Transport Intelligence (UK) -2 Oct 2006: -- Velocity Express Inc., a US provider of time definite, SPL regional delivery solutions, announced a reduction in its net loss. The results reflect a significant turnaround for the company...
* Germany - DHL acquires remaining Blue Dart shares
Germany -Transport Intelligence (UK) -2 Oct 2006: -- DHL has successfully acquired the remaining shares it did not already own in one of India's largest express operators, Blue Dart...
* UK - Now DHL Express faces strike action in the UK
Manchester,UK -GMB (PR)/Transport Intelligence (UK) -2 Oct 2006: -- 5,000 GMB members employed at 102 locations in DHL Express in the UK are to be balloted by the union over proposals to sack up to 3,000 permanent staff and replace them with 2,500 casual staff... The decision to move to an official strike ballot in DHL Express parcels division was made in Manchester by shop stewards representing GMB members in DHL...
* Switzerland - DHL Express develops new hub in Switzerland
Switzerland -DHL (PR)/Transport Intelligence (UK) -2 Oct 2006: -- DHL Express in Switzerland has commenced the development of its largest distribution centre which will also act as a commercial and marketing centre...
* Germany - DHL opens new Israel head office
Germany -DHL (PR)/Transport Intelligence (UK) -2 Oct 2006: -- DHL Israel has inaugurated its new head office and service centre in the new Airport City compound in Tel Aviv, near the International Ben Gurion Airport...
* USA - Interstate Warehousing implements RedPrairie
Fort Wayne,IN,USA -RPC (PR)/Transport Intelligence (UK) -2 Oct 2006: -- IT solutions provider RedPrairie Corporation has announced that Interstate Warehousing, one of the top ten public refrigerated warehouse companies in the U.S., has implemented its systems...
* USA - American Airlines signs 5-year deal with U.S. Postal Service
Fort Worth,TX,USA -AA (PR)/Transport Intelligence (UK) -2 Oct 2006: -- American Airlines has signed a 5-year service agreement with the U.S. Postal Service potentially worth $500 million in revenue, which is the largest single contract ever awarded to American's Cargo division...
* Hong Kong/China - Cathay completes acquisition of Dragonair
Hong Kong,China -CPA (PR)/Transport Intelligence (UK) -2 Oct 2006: -- Cathay Pacific Airways has announced that with immediate effect, Hong Kong Dragon Airlines (Dragonair) has becomes a wholly owned subsidiary of Cathay Pacific...
* USA - Universal Express announces better performance
Boca Raton, FL,USA -UEI (PR)/Transport Intelligence (UK) -2 Oct 2006: -- US logistics and transportation provider Universal Express Inc. has announced that its financial performance for its fiscal year ending June 30, 2006, has substantially improved...
* USA - AIRLINE STOCKS - Airlines get a lift from a new oil low for the year
San Francisco,CAL,USA -MarketWatch, by Shawn Langlois -Oct 3, 2006: -- Airlines stocks rose sharply on Tuesday, adding to this week's advance as the price of oil plunged to a 14-month low...
* Canada - TransForce Income Fund Sells Non-Core Operations of Services Matrec
Montreal, Quebec,CAN -TTN Express -4 Oct 2006: -- Canadian transportation firm TransForce Income Fund on Tuesday sold the hazardous waste and industrial cleaning operations of Services Matrec, its waste management subsidiary, to Newalta Income Fund for C$31.8 million...
* USA - Target Logistics Acquires Capitaland Express
Boston, Mass,USA -TTN Express -4 Oct 2006: -- Target Logistics on Tuesday acquired Capitaland Express, a freight forwarder serving the upstate New York area...
posted by Unknown @ 11:49 AM
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