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TRUCKING INDUSTRY NEWS * Australia - Wal-Mart talks get Brambles trucking again
Melbourne,Victoria,Australia -The Age, by Danny John & Philip Hopkins -June 25, 2008: -- Logistics giant Brambles has reversed two months of damage to its share price after indicating it is close to sealing a crucial deal with its biggest US customer, Wal-Mart... Wal-Mart accounts for 25% of Brambles' Chep pallet business in the US. The retailer has, at any one time, 8 million of Chep's pallets on site at its 60 distribution centres... Brambles had insisted the Wal-Mart move would have no impact on Chep's volumes or sales revenue, but the review unsettled investors worried about Brambles' exposure to the global economy and a recession in the US... Brambles' sales for the 11 months to the end of May were 13% higher than the previous corresponding period. In the US and Europe, Brambles won 2400 new contracts worth $US180 million ($A189 million) in annual sales...
Labels: trucking industry news Australia
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