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TRANSPORT & LOGISTIC NEWS WORLDWIDE
* Germany - BLG opens new BMW operation
Germany -BLG Logistics Automobile (PR) -23 Oct 2006: -- BLG Logistics Automobile has opened a new parking deck at the Auto Terminal Bremerhaven. The new parking deck will be used exclusively for export vehicles of the BMW Group...
* USA - Integration problems hit UPS results
Atlanta,GA,USA -Transport Intelligence (UK) -23 Oct 2006: -- UPS third quarter figures show strong underlying growth in its core business and fairly healthy profits, but problems have emerged from its Menlo Forwarding acquisition. Its CEO, Mike Eskew, has blamed this on difficulties with the integration including the loss of customers...
* USA - UPS announces deal with Poste Italiane
Atlanta,GA,USA -Transport Intelligence (UK) -23 Oct 2006: -- UPS and Poste Italiane have announced the completion of an agreement for UPS to carry the Italian postal service's international express shipments...
* South Korea - Move on Hanjin suggests big rationalisation in container shipping
S. Korea -Transport Intelligence (UK) -23 Oct 2006: -- Further consolidation in the container shipping market is overdue. The Asia Pacific market in particular has numerous shipping lines which if combined could rival the largest players in an industry where scale matters. An investment by the owner of Israeli line ZIM in Hanjin could be the catalyst for such rationalisation...
* USA - Velocity Express launches US pharma service centre
Westport,CT,USA -Transport Intelligence (UK) -23 Oct 2006: -- Velocity Express Corporation has announced the launch of a Pharmaceutical Operations Support Service Center (POSSC) in the US that will provide the single operating point of contact for its pharmaceutical industry customers...
* Germany - GO! General Overnight expands to Hungary
Germany -Transport Intelligence (UK) -23 Oct 2006: -- GO! General Overnight, a leading European courier and express logistics network, has expanded into Hungary by establishing an agreement with a local express carrier...
* USA - ProLogis expands footprint in Japan
Denver, Col,USA -Transport Intelligence (UK) -23 Oct 2006: -- ProLogis, a leading global provider of distribution facilities and services, has announced that it has signed leases and letters of intent for new facilities it is developing in Japan...
* France - CMA CGM upgrades North China Express
France -Transport Intelligence (UK) -23 Oct 2006: -- Global shipping line CMA CGM has announced the upgrading of its North China Express service with a new direct call to Lebanon at the Port of Beirut and a weekly additional direct call to Le Havre in France..
* USA - Ryder opens new US service facility
Miami, FL,USA -Transport Intelligence (UK) -23 Oct 2006: -- Ryder System, Inc. has announced the opening of its new service facility located in Buford, Georgia. The facility will service a fleet of more than 400 vehicles...
* USA - Ryder posts 8% higher profit, lifts full-year outlook
SAN FRANCISCO,CAL,USA -MarketWatch, by Jim Jelter -Oct 25, 2006: -- Trucking and transportation giant Ryder System, Inc. reported Wednesday an 8% increase in its third-quarter profit, helped by strong demand for the company's supply chain services that offset a dull quarter for its managed trucking fleet...
* USA - Werner reports third quarter results
Omaha,NE,USA -Transport Intelligence (UK) -23 Oct 2006: -- Werner Enterprises, Inc., one of the USA's largest truckload transportation and logistics companies, reported operating revenues and earnings for the third quarter. Its performance gives an indication of the state of the US trucking sector...
* USA - Landstar delivers growth in core businesses
Jacksonville, Fl,USA -Transport Intelligence (UK) -23 Oct 2006: -- US trucking company, Landstar System, Inc., has reported net income for the 2006 third quarter of $30.6 million on revenue of $649 million. This includes services provided primarily under a contract between Landstar Express America and the United States Department of Transportation/Federal Aviation Administration...
* Hong Kong/China - Kerry Logistics expands into India
Kwai Chung,HK,China -Transport Intelligence (UK) -23 Oct 2006: -- Following the expansion in Central Europe in September, Kerry Logistics (KL) has acquired 51% share of Reliable Freight Forwarders Pvt Ltd (RFF) in India...
* Germany - DHL opens new logistics centre in Shanghai
Germany -Transport Intelligence -23 Oct 2006: -- DHL has inaugurated its new facility at the Waigaoqiao Bonded Logistics Zone (WBLZ) in Shanghai. The new Logistics Center in WBLZ brings DHL Global Forwarding's current investment in China to US$30 million...
* Germany - DPWN to focus on 'acquiring and developing talent'
Germany -Transport Intelligence -23 Oct 2006: -- In a speech at the BVL Congress in Germany John Allan, Board Member of DPWN and CEO of DHL Logistics has stated that DHL Logistics is striving to become the most desirable employer in the industry...
* Germany - Schenker opens Korean hub
Essen,Germany -Transport Intelligence (UK) -23 Oct 2006: -- Schenker's Korea Logistics Center (KLC) located in the Free Trade Zone of Incheon International Airport has started operations. The Schenker KLC serves as a regional airfreight hub and also as a logistics hub for North Asia...
* Germany - Schenker to take over Philippines operation
Essen,Germany -Transport Intelligence -23 Oct 2006: -- Schenker and CPI Transport, Inc. have signed an agreement that Schenker will take over the operations of CPI as of January 2007. In parallel, the activities of BAX Global in the Philippines will be integrated into Schenker...
* Holland - TNT Logistics signs new Brazilian deal
Hoofddorp, the Netherlands -Transport Intelligence -23 Oct 2006: -- TNT Logistics Brazil has signed a 5-year contract with Infoglobo, a Globo corporation company, and the first one in Brazil in the publishing & media industry...
* Finland - Nokia to out-source US short lead time logistics
Finland -Transport Intelligence -23 Oct 2006: -- High tech manufacturer Nokia has announced that it plans to discontinue operations at its Alliance facility in Ft. Worth, Texas, USA, and outsource its short lead time logistics business to third-party providers...
* United Arab Emirates - P&O Ferrymasters renews European rail pact
Dubai,UAE -Transport Intelligence -23 Oct 2006: -- European freight management company P&O Ferrymasters and ERS (European Rail Shuttle) have renewed a strategic pact that will see increased rail consignments travelling between the UK and southern Europe from January 2007...
* United Arab Emirates - DP World announces re-branding strategy for P&O
Dubai,UAE -Transport Intelligence -23 Oct 2006: -- DP World is to rebrand P&O Ports and update the branding of the rest of its marine terminal business. Management said that this was to underline its global network and connection with local communities...
* Germany - Railion and DFDS commission new ferry
Mainz,Germany -Transport Intelligence -23 Oct 2006: -- Railion Deutschland AG and the Danish shipping company DFDS A/S have reached an agreement to commission a rail ferry between Sassnitz-Mukran on the island of Rügen and the new major port of Baltijsk in Russia, not far from Kaliningrad...
* USA - BNSF to develop third logistics park
Fort Worth,TX,USA -Transport Intelligence -23 Oct 2006: -- US rail company BNSF has announced that it has reached an agreement with The Allen Group to develop a new Logistics Park near Gardner, Kansas. This will become the third logistics park on BNSF's network...
* China - CH. Southern buys six freighters
Guangzhou,China -Transport Intelligence -23 Oct 2006: -- Boeing has signed a purchase agreement with China Southern Airlines for six Boeing 777 Freighters, with first delivery anticipated in fourth quarter 2008...
* USA - Boeing sells four more freighters to Guggenheim
Chicago,IL,USA -Transport Intelligence -23 Oct 2006: -- Boeing has announced that Guggenheim Aviation Partners, LLC (GAP), the U.S.-based aviation investment firm, acting on behalf of one of its investment funds, has ordered four 747-8 Freighters, with an option to order an additional two airplanes...
* USA - Boeing profit off as charge offsets plane sales jump - Shares hit by outlook, spending on 787 and 747-8 programs
NEW YORK,NY,USA -MarketWatch, by Padraic Cassidy -Oct 25, 2006: -- Boeing Co. said Wednesday its quarterly profit fell by 31% because of a charge to shut down its Internet operations that partly offset strong performance at its commercial aircraft unit. The company also issued a disappointing 2007 outlook, and its shares dropped 3%...
* Japan - JAL increases China air cargo frequencies
Tokyo,Japan -Transport Intelligence -23 Oct 2006: -- JAL has announced that it will increase international passenger, and cargo flight frequency between Tokyo, Japan and Shanghai, China...
* Hong Kong/China - BALtrans completes integration in China
HK,CH - Transport Intelligence -23 Oct 2006: -- BALtrans, a leading freight forwarding and logistics group in Asia Pacific, announced that it has completed the integration of its two key entities in China into a single unified logistics platform...
* Italy - Alitalia: Shocking revelation: 'The more it flies, the more it loses' - On a wing and a prayer
LONDON,UK -MarketWatch, by Aude Lagorce -Oct 25, 2006: -- Another year, another business plan... Less than 12 months after a vital, 1 billion euro ($1.25 billion) equity issue revived its ailing balance sheet, Italian flagship carrier Alitalia is back in the red...
* USA - AIRLINE STOCKS - Airlines hit by rise in crude-oil prices
NEW YORK,NY,USA -MarketWatch, by Padraic Cassidy -Oct 25, 2006: -- Airlines' shares dropped sharply in afternoon trading as crude-oil futures rallied 3% on the latest petroleum inventory data... The Amex Airline Index fell 1.8% to 53.85. The Dow Jones Wilshire Airline Index also fell 2% to 1,288.68...
* USA - Norfolk Southern net up on coal, general shipments
NEW YORK,NY,USA -MarketWatch, by Padraic Cassidy -Oct 25, 2006: -- Norfolk Southern Corp. shares soared 10% Wednesday after the railroad reported a sharp increase in third-quarter earnings as strong freight demand for coal and merchandise offset the impact of higher diesel fuel costs...
* USA - Pacer International quarterly income rises; revenue gains
SAN FRANCISCO,CAL,USA -MarketWatch, by Ruth Mantell -Oct 25, 2006: -- Pacer International Inc. Wednesday's closing bell said third-quarter net income rose, as revenue gained, to $18.3 million, or 48 cents a share, from $14.6 million, or 38 cents a share, during the same period in the prior year. The logistics and freight transportation provider said quarterly revenue rose to $458.2 million from $441.6 million in the prior year...
* USA - Swift Transportation quarterly earnings rise
SAN FRANCISCO,CAL,USA -MarketWatch, by Ana Campoy -Oct 25, 2006: -- Swift Transportation Co. after Wednesday's closing bell said third-quarter net earnings rose to $33.5 million, or 44 cents a share, compared with $12.6 million, or 17 cents a share, in the same period last year, as the company benefited from operational improvements and cost control...
posted by Unknown @ 11:03 AM
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