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TRANSPORT & LOGISTICS NEWS * WORLDWIDE
Freight Forwarding
* China - Chinese and US economic slowdowns hit Sinotrans' profit
Beijing,China - Chinese logistics company Sinotrans Ltd this week reported a less buoyant financial performance in the first half of 2008, compared to the same period last year. (From Freight Forwarding - Read Full Brief Here)
* Germany - Lange to take over as K+N International CEO on January 1
Bremen, Germany - Reinhard Lange will officially succeed Klaus Herms as CEO of Kuehne + Nagel International on January 1, 2009, the group announced yesterday. (September 9). (From Freight Forwarding - Read Full News Here)
* USA - UPS offers new trade finance solution to US small businesses
Atlanta,GA,USA - UPS Capital is offering what it claims is “an easier and more efficient way” for small companies to finance their trade transactions with international suppliers. (From Freight Forwarding - Read Full News Here)
Contract Logistics
* China - Global economic instability – what impact on the Asia Pacific logistics industry?
The effects of the current economic crisis in the western world are already evident. However, the extent to which the downturn in the US and Europe will impact on the economies of the Far East is less obvious. (From Contract Logistics - Read Full Brief Here)
* USA - Movianto supports Pinnacle Biologics drug launch in Europe
Rockville,MD,USA - Pinnacle Biologics has appointed Movianto to provide exclusive logistics and distribution services to support the launch of the drug Ethyol in several European markets. (From Contract Logistics - Read Full News Here)
* UK - TDG invests £3m in chemicals distribution facility
Teesside,England,UK - TDG has reported the investment of £3m in a new 25-acre chemical logistics centre at Teesside, north-east England. (From Contract Logistics - Read Full News Here)
* Sweden - Electrolux extends Italian distribution contract with CEVA
Stockholm,Sweden - Electrolux Professional has renewed and broadened its Italian distribution contract with CEVA Logistics. (From Contract Logistics - Read Full News Here)
* UK - Wincanton wins InBev logistics contract in France
Chippenham,Wiltshire,UK - European supply chain solutions provider Wincanton reported this week that it had been awarded a new contract in France from brewing group InBev. (From Contract Logistics - Read Full News Here)
Express & Mail
* USA - UPS marks new Louisville ground hub opening
Atlanta,GA,USA - UPS officially dedicated a large new package sorting hub to support ground operations in Louisville, US, on Friday, September 5. (From Express & Mail - Read Full News Here)
* Germany - DHL completes Central Asia Hub expansion in Hong Kong
DHL today (September 8) announced the completion of its US$110m Central Asia Hub expansion in Hong Kong. (From Express & Mail - Read Full News Here)
* Norway - Norway Post launches new brand name strategy
Bærum,Norway - The Norway Post has announced an extension of its Nordic strategy for growth and a gathering together of the group under one unified brand. (From Express & Mail - Read Full News Here)
* USA - FedEx expects latest quarterly earnings to exceed guidance
Memphis,Tenn,USA - FedEx yesterday (September 9) announced that it expected to report earnings of $1.23 per diluted share for the quarter ended August 31 compared with previous guidance of $0.80-$1.00. (From Express & Mail - Read Full News Here)
* Germany - DPWN poised to sell Deutsche Postbank to Deutsche Bank?
Press reports are suggesting Deutsche Post World Net has finally agreed to a sale of its Deutsche Postbank subsidiary in a deal with Deutsche Bank. (From Express & Mail - Read Full News Here)
* USA - Franchisee groups secure their ‘day in court’ with UPS
Malibu,CA,USA - Platinum Shield Association officials announced this week that their long-sought ‘day in court’ with UPS would take place early next year. (From Express & Mail - Read Full News Here)
Road Freight
* USA - YRC looks to offset poorer prospects with cost cuts
Kansas City,MISS,USA -YRC Worldwide is seeking to offset disappointing results for this year’s third quarter through accelerated integration of its Roadway and Yellow Transportation subsidiaries. (From Road Freight - Read Full Brief Here)
* Belgium - EU plans flexible tax regime for truckers
Brussels,Belgium - European ministers of transport have voted in favour of tax reform for the EU road freight sector which will leave taxation levels to be set by individual states. (From Road Freight - Read Full Brief Here)
* Denmark - DSV Road acquires Norwegian group Waagan
Brøndby,Denmark - Danish global forwarding and logistics group DSV has strengthened its presence in the Norwegian road transport sector with the acquisition of Waagan Transport Group. (From Road Freight - Read Full News Here)
* USA - Teamsters union praises US vote to ban “unsafe” Mexican trucks
Washington,DC,USA - The Teamsters union has praised a US House of Representatives vote this week in favour of closing the US/Mexico border to allegedly dangerous trucks from Mexico. (From Road Freight - Read Full News Here)
* Germany - Logistics group implements single brand
Weinheim,Germany - Germany-based European logistics group trans-o-flex, which specialises in serving the pharmaceutical, health and electronics sectors, is putting all its operations under one brand. (From Road Freight - Read Full News Here)
Air Cargo
* Air cargo falls recorded across the globe
The latest data released by organisations representing airlines and airports around the world highlights the extent of the current slowdown in the air cargo sector. (From Air Cargo - Read Full Brief Here)
* Germany - Fraport officially commences operations at China’s Xi’an Airport
Frankfurt am Main,Germany - German airport group Fraport AG has announced the official launch this morning (September 9) of its Chinese joint venture Xi’an Xianyang International Airport Co Ltd. (From Air Cargo - Read Full News Here)
* India - Airline Kingfisher appoints cargo agent for UK and Ireland
Bangalore,India - Indian carrier Kingfisher Airlines has appointed ACP Worldwide as its general sales and service agent for cargo services in the UK and Ireland. (From Air Cargo - Read Full News Here)
* USA - Forward Air completes Service Express acquisition
Greeneville,TN,USA - US group Forward Air Corporation this week announced that one of its wholly-owned subsidiaries had successfully completed its acquisition of certain assets of Service Express. (From Air Cargo - Read Full News Here)
* Denmark - SAS Cargo appoints GSA in India
Kastrup,Denmark - SAS Cargo has appointed a general sales agent in India ahead of the planned introduction next month of a three times a week service between Copenhagen and Delhi. (From Air Cargo - Read Full News Here)
* China - Hactl reports 3.3% drop in August tonnage
Hong Kong,China - Hong Kong Air Cargo Terminals Limited announced yesterday (September 11) that its air cargo tonnage throughput for August totalled 220,574 tonnes, representing a year-on-year dip of 3.3%. (From Air Cargo - Read Full News Here)
Warehousing
* USA - ProLogis signs build-to-suit deal with C&A France
Denver,COL,USA - ProLogis has announced that it is to build a new 475,000 sq ft (44,100 sq m) industrial warehouse near Paris for clothing retailer C&A France. (From Warehousing - Read Full News Here)
* USA - Menlo Worldwide expands presence in Guadalajara
San Mateo,CA,USA - Menlo Worldwide Logistics, the global logistics subsidiary of US-based transportation group Con-way Inc, has announced an expansion of its presence in Guadalajara, Mexico. (From Warehousing - Read Full News Here)
Shipping/Ports
* Holland - ECT opens Euromax container terminal in Rotterdam
Rotterdam,Holland - Europe Container Terminals officially opened its new 2.3m TEUs a year capacity Euromax Terminal in the Dutch port of Rotterdam on Friday. (September 5 - From Shipping/Ports - Read Full News Here)
* Belgium - ELAA explains impact of new EU liner shipping rules
Brussels,Belgium - An association representing container shipping lines has outlined what it claims will be future legal behaviour after October 18 when liner conferences in EU trades are outlawed. (From Shipping/Ports - Read Full News Here)
Intermodal
* Qatar/UAE - DB to develop concept for Qatar rail system
Qatar - The government of Qatar has agreed on a long-term cooperation with Deutsche Bahn relating to rail system development which could include the development of freight links with neighbouring Middle East states. (From Intermodal - Read Full News Here)
News flash: * France - Chemical fire brings Eurotunnel chaos
A fire in a chemical lorry travelling on a freight train shuttle between the UK and France has brought Eurotunnel services to a halt. (From Intermodal - Read Full News Here)
IT Solutions
* USA - GT Nexus delivers standardised freight invoices
Oakland,CA,USA - GT Nexus has announced that its global trade portal now supports the open standards of SOA, providing web service-based access to industry-standard ocean and air freight invoices. (From IT Solutions - Read Full News Here)Data from Transport Intelligence (UK) -15 Sept 2008
Labels: transport and logistics news
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