![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRANSPORT & LOGISTIC WORLDWIDE
* Swiss - Air Cargo market starts to slow
Geneve,Switzerland -Press Report -13 Nov 2006: -- The International Air Transport Association (IATA) has recently reported that international freight traffic rose 4.9%,well below the historic long-term average growth of 6.0%. Middle East carriers continued to lead the way but growth has slowed...
* Hong Kong - Air volumes hit peak
HK,CHI -Press Report -13 Nov 2006: -- Hong Kong Air Cargo Terminals Limited (Hactl) has announced that it achieved peak handling records in the month of October...
* UK - Wincanton hit by sub-contractor shortage
UK -Press Report -13 Nov 2006: -- European logistics provider Wincanton has become the latest company to release its interim results. Whilst its UK operations performed strongly, Mainland Europe saw profits fall on rising revenue due to a shortage of sub-contractor capacity...
* Germany - DHL reduces loss in US Express
Bonn,Germany -Press Report -13 Nov 2006: -- Deutsche Post announced yesterday, 3rd Quarter results up by a third on 2005. But the performance of its US Express division is a continuing cause for concern, dragging the rest of the Express business and the whole group down, even though losses have been reduced...
* Germany - DHL extends Time Definite express deliveries
Bonn,Germany -Press Report -13 Nov 2006: -- DHL has expanded coverage of its pre-12 noon express service in Europe. TimeDefinite Deliveries are now available to 27 European countries...
* Germany - DHL deal averts strike in UK
Bonn,Germany -Press Report -13 Nov 2006: -- Union GMB and DHL Express UK Ltd have been in talks to finalise negotiations over a pay deal and the company's future business model which have resulted in an agreement...
* Germany - DHL invests in South Korea
Bonn,Germany -Press Report -13 Nov 2006: -- DHL has announced that it is committing $50 million in South Korea for capacity expansion and service capability enhancement. This latest investment brings DHL's total investments in South Korea to $68 million...
* USA - FedEx dumps Airbus freighter in favour of Boeing
Memphis,Tenn,USA -Press Report -13 Nov 2006: -- FedEx Express, the worlds largest air freighter business, has cancelled its order for 10 A380 freighters and put in an order for 15 Boeing 777Fs. According to FedEx this is due to both the delays in production of the A380 and the better economics of the Boeing Aircraft...
* USA - UPS volumes to surge in Holiday Season
Sandy Springs,GE,USA -Press Report -13 Nov 2006: -- UPS has released details of the volumes it is likely to deal with in the 'Holiday Season', the period between Thanksgiving and Christmas. Daily volumes at the peak are likely to swell by more than a third...
* USA - UPS adds third time definite service
Sandy Springs,GE,USA -Press Report -13 Nov 2006: -- In the largest expansion of its international shipping portfolio in more than a decade, UPS has announced it will begin offering customers three, rather than two, daily time-definite delivery options...
* The Netherlands - TNT completes sale of logistics division to private equity firm
Dutch -Press Report -13 Nov 2006: -- TNT N.V. has announced that it has completed the sale of the logistics division to affiliates of Apollo Management, L.P., a leading private equity firm with offices in New York, London and Los Angeles...
* UK - New Conference: eyefortransport Middle East Summit
UK -Press Report -13 Nov 2006: -- Transport Intelligence and eyefortransport would like to invite you to attend the Middle East Summit next week (Monday 13 to Wednesday 15 November) taking place at the Radisson Hotel Diera Creek in Dubai, UAE. Click to find out more information and how to qualify for a 20% discount!...
* UK - Food manufacturer awards contract to Innovate
UK -Press Report -13 Nov 2006: -- UK food manufacturer Bernard Matthews has awarded Innovate Logistics a £2M contract for its frozen transportation and distribution business...
* UK - Bibby awarded automotive contract by Suzuki
UK -Press Report -13 Nov 2006: -- Bibby Distribution, one of the UK's leading independent logistics specialists, has been awarded a 3 year contract for nationwide distribution of motorcycles, ATV and marine finished goods by Suzuki...
* Japan - NYK Logistics awarded confectionery logistics contract
Japan -Press Report -13 Nov 2006: -- NYK Logistics (UK) Ltd has been appointed to provide a storage, national distribution and export service for HARIBO, the manufacturer of fruit gums and jellies. HARIBO currently sells to over 150 countries worldwide...
* Luxembourg - Thiel improves earnings but misses margin targets
Luxembourg -Press Report -13 Nov 2006: -- Thiel Logistik has improved its operating earnings (EBIT) slightly in the first nine months. The group continued its organic growth, but was only partially successful in achieving its intended margin improvements...
* Kuwait - GAC manages UAE Desert Challenge logistics
Kuwait,UAE-Press Report -13 Nov 2006: -- For the sixth consecutive year, GAC Logistics will be the main logistics service provider for the Middle East's biggest motorsport event, the UAE Desert Challenge race...
* UAE - DP World increases commitment to London Gateway port project
Dubai -Press Report -13 Nov 2006: -- It has been announced that the London Gateway port project, to be undertaken by DP World, will include a world-class port capable of handling the largest deep-sea container ships, as well as the UK's largest business park...
* Japan - MOL upgrades intra-Asian and African services
Osaka,Japan -Press Report -13 Nov 2006: -- Mitsui O.S.K. Lines has announced that it has increased frequencies on Europe - South Africa and also between Korea-Jakarta Service (KJX) to enhance its container service. The latter is part of an initiative to upgrade service in response to rising intra-Asia container trade...
* USA - New sea freight logistics player created in US
USA -Press Report -13 Nov 2006: -- Aerobic Creations, Inc. has announced that it has completed a merger with Maritime Holdings US Logistics Inc. Following this it intends to change its name to Summit Global Logistics, Inc and has already completed two significant acquisitions...
* USA - APL sees strong growth in Baltic
Oakland,CAL,USA --Press Report -13 Nov 2006: -- Global shipping line APL has completed its own organisation structure in the Baltic region with the formation of APL Agencies Estonia OÜ, based in Tallinn. The company forecasts strong growth in the region...
* Dubai - GAC to collaborate with Norwegian ship agency
Jebel Ali Free Zone,Dubai,UAE -Press Report -13 Nov 2006: -- The GAC Group has announced its alliance with Norwegian shipping agency, Ole R Olsen AS (ORO), as part of the ongoing expansion of its global agency network...
* USA - ABX Air successfully grows non-DHL business
Wilmington,OH,USA -Press Report -13 Nov 2006: -- ABX Air, Inc., has reported revenues for the latest financial quarter. ABX Air's expanding non-DHL air charter operations generated a 62% increase in revenues as it diversified its business...
* Sweden - Scandinavian express company sells logistics
Bromma,Sweden -Press Report -13 Nov 2006: -- Pan Nordic Logistics AB (PNL), owned by Norway Post and Post Denmark, is selling the Solutions division and its products to Box Delivery AB. All employees at PNL Solutions will be transferring...
* UK - New Bulgarian partner for NetExpress
UK -Press Report -13 Nov 2006: -- UK based parcels company Target Express has enhanced its European connections with a new partner for Bulgaria through the NetExpress Europe alliance...
* Germany - Dachser establishes joint venture in Brazil
Kempten ,Germany -Press Report -13 Nov 2006: -- German logistics provider Dachser has established a new company as a joint venture with one of the leading Brazilian logistics companies, Logimasters...
* USA - Bax Global inaugurates new Philippines facility
Irvine,CAL,USA -Press Report -13 Nov 2006: -- BAX Global, Inc. has inaugurated its new Cebu Logistics Center (CLC), located in Southern Philippines. In addition, the activities of the two Philippines companies, BAX Global and CPI, will be merged into one company and operate under the brand Schenker...
* Luxembourg - Cargolux introduces new South Africa service
Luxembourg -Press Report -13 Nov 2006: -- Cargolux Airlines International S.A. has announced the introduction of a fourth weekly frequency to Johannesburg, starting on November 28, 2006 as a response to increased demand for freight to Johannesburg...
* USA - Polar to start new scheduled service to China
Purchase,NY,USA -Press Report -13 Nov 2006: -- Polar Air Cargo, Inc., has announced that it will begin scheduled service operations into Beijing Capital International Airport (PEK) starting November 11, 2006 with two weekly frequencies...
* USA - Atlas Air earnings on pace
Purchase,NY,USA -Press Report -13 Nov 2006: -- Atlas Air Worldwide Holdings, Inc., a leading provider of global air cargo services, has announced that it is on pace in the fourth quarter of 2006 to outperform fourth-quarter 2005 earnings...
* USA - ProLogis buys portfolio in UK
Denver,COL,USA -Press Report -13 Nov 2006: -- ProLogis, the world's largest owner, manager and developer of distribution facilities, has announced that it has acquired a large portfolio of real estate assets in the United Kingdom...
* France - Alstom profit jumps 67%, expects margin to beat 2008 target
London,UK -MarketWatch (CAL,USA), by Simon Kennedy -Nov 13, 2006: -- French power and transportation infrastructure group Alstom said Monday that its first-half net profit rose 67% to 227 million euros ($292 million), while sales fell 3% to 6.61 billion euros... Alstom said order growth was driven by increased demand from the power industry, where many companies in the U.S. and Europe are replacing infrastructure to comply with environmental regulations...
* USA - Acquisitions boost Genesee & Wyoming's October traffic
Greenwich,CT,USA -MarketWatch (Washington,DC), by Mike Maynard -Nov 13, 2006: -- Short-line and regional railroad operator Genesee & Wyoming Inc. said overall traffic last month was 75,109 carloads, up 8.6% from its October 2005 traffic. Excluding acquisitions, the Greenwich, Conn.-based company's traffic monthly slipped 4.3%, principally reflecting lower U.S. and Canadian carloads for transporting pulp and paper, lumber and forest products, and minerals and stone. The overall results encompass Genesee & Wyoming's operations in Australia as well as North America...
* USA - FedEx Could Deliver the Goods - Citigroup sets FedEx price target at $132
CAL,USA -MarketWatch, by Barrons -Nov 14, 2006: -- The stock is currently trading at about 17 times our fiscal 2007 earnings-per-share estimate. Applying a similar multiple to our fiscal 2008 forecast, we get a price of $132... Overall, we expect FedEx to meet its stated targets of 10% revenue growth and 10%-plus operating margins during our forecasted period, which should translate to double-digit earnings growth. We believe the earnings multiple on our EPS forecasts should at least match the current trading range, with the risk mainly on the upside...
* Dubai - DIC it was considering selling some of its shares in DaimlerChrysler AG
Dubai -Reuters -14 Nov 2006: -- State-owned investment agency Dubai International Capital (DIC) said it was considering selling some of its shares in DaimlerChrysler AG, now that they were trading above 45 euros ($57.92) each...
posted by Unknown @ 11:58 AM
0 Comments:
Post a Comment
<< Home