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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
from Freight Forwarding
* Swiss - Panalpina completes exit from Nigeria
Global forwarder and logistics provider Panalpina has reported a “smooth withdrawal” from Nigeria after incurring major and costly problems in that West African market. Read Full News Here
* Japan - Forwarder establishes local company in Czech Republic
A new locally-registered company established in the Czech Republic by Japanese global forwarder Kintetsu World Express (KWE) began operations this month. Read Full News Here
* UK - Forwarders and shippers warned about a change in US security rules
Freight forwarders and shippers must not get caught out by a significant security rule that comes into effect in the US today (October 15), warns the British International Freight Association. Read Full News Here
from Contract Logistics
* USA - Top LSP executives reveal their thoughts on industry prospects
Northeastern University in Boston, US, has published the findings of its annual survey of major LSPs (logistics service providers) in Europe, Asia Pacific and North America. Read Full Brief Here
* Germany - K+N to provide Monarch Aircraft Engineering with air freight services
The technical arm of UK-based leisure carrier Monarch Airlines has selected Kuehne + Nagel as its new partner for the movement of spare parts and aircraft equipment worldwide. Read Full News Here
* USA - Navistar chooses Menlo as global lead logistics provider
Navistar International Corporation has announced the selection of Menlo Worldwide Logistics as its global lead logistics provider. Read Full News Here
*USA - CEVA selected to operate Polish RDC for BMW
CEVA Logistics reported this week that it had been chosen to operate a regional distribution centre for BMW in the Polish special economic zone town of Slubice. Read Full News Here
* USA - CEVA Logistics expands activities for Ford in Brazil
CEVA Logistics announced this week that it had been chosen to operate the movement of parts in the production processes for a Ford engine and transmission factory in Brazil. Read Full News Here
from Express & Mail
* Holland - TNT strikes an uncertain note of pessimism
Netherlands-based global express and mail group TNT yesterday (October 16) issued a pessimistic ‘trading statement’ prompted by deteriorating economic conditions in Europe. Read Full Brief Here
* USA - World Courier opens clinical trial supply service centre in China
US-based World Courier today (October 13) announced the opening of its newest purpose-built, ISO-certified, GMP-compliant investigational drug storage depot in Beijing, China. Read Full News Here
* Germany - Logistics company time:matters opens offices in Milan and Oslo
German international logistics company time:matters, part of the Lufthansa Group, this week announced the addition of two more foreign branches. Read Full News Here
* Germany - DHL boosts Asia Air Network with increased dedicated flights
DHL has announced an increase in the frequency of its dedicated Air Hong Kong flights from Hong Kong to Nagoya, Taipei, Seoul and Singapore. Read Full News Here
from Road Freight
* India - Logistics council to be established
The Indian Government has announced it is forming a council to help develop that country’s logistics sector. Read Full Brief Here
* Holland - TAPA claims progress with campaign to fight rising cargo crime in the Netherlands
Parties attending a recent meeting organised by the Transported Asset Protection Association agreed on several moves to try and improve supply chain security in the Netherlands, reports that that body. Read Full News Here
* USA - FedEx Freight introduces Canada next-business-day cross-border service
FedEx Freight yesterday (October 13) announced that it had introduced next-business-day coverage between key Canadian gateway cities and several regions across the US. Read Full News Here
from Air Cargo
* Swiss - Air cargo volumes fall in both Frankfurt and Hong Kong
Major airports around the world are beginning to register sustained falls in cargo throughput - the latest examples include Frankfurt in Germany and Hong Kong. Read Full Brief Here
* Swiss - Middle East carrier Saudia joins Cargo 2000
Saudi Arabian Airlines has become the 26th major international carrier to join IATA-backed air cargo industry quality management initiative Cargo 2000. Read Full News Here
* USA - Atlas Air cuts 2008 earnings guidance figure
US-based Atlas Air Worldwide Holdings now expects pre-tax earnings from operations in 2008 to exceed $65m compared with a previous guidance figure of approximately $85m. Read Full News Here
* India - Airlines Jet and Kingfisher form alliance
Indian carriers Jet Airways and Kingfisher Airlines this week announced they had established a wide-ranging alliance to reduce costs but said there would not be any mutual equity investment. Read Full News Here
from Warehousing
* Japan - ProLogis Japan fund acquires three buildings near Tokyo
ProLogis, a US-based owner, manager and developer of distribution facilities worldwide, reported last week that ProLogis Japan Properties Fund II had acquired a $65m portfolio near Tokyo. Read Full News Here
* USA- ProLogis announces third quarter leasing activity in Japan
US-based ProLogis yesterday (October 15) announced it had signed new lease agreements for approximately 23,500 sq m of distribution space in Japan during the third quarter of 2008. Read Full News Here
* USA - The Allen Group secures $20m bridge loan for Dallas Logistics Hub
The developer of the Dallas Logistics Hub yesterday (October 16) announced it had secured a $20m bridge loan for the recapitalisation of 1,031 acres within that US logistics park. Read Full News Here
from Shipping/Ports
* Germany - Hamburg investors buy Hapag-Lloyd for €4.45bn
TUI has agreed to sell its Hapag-Lloyd container shipping business for €4.45bn to a Hamburg-based consortium led by Klaus-Michael Kuehne of Kuehne + Nagel. Read Full Brief Here
* USA - This year's US port retail container traffic projected to be lowest since 2005
Cargo volume at major retail container ports in the US is now expected to decline 6.5% in 2008 compared with 2007, according to the latest monthly Port Tracker report. Read Full Brief Here
* UK - Port operator targets Indian shipping market
UK port owner PD Ports has signed up Faredeal Shipping Agencies to act as its agent in the Indian shipping market. Read Full News Here
* France - CMA CGM officially launches operations in Tangier
French global container shipping operator CMA CGM has reported the official start of its activities at the new Tanger Med I terminal in Morocco. Read Full News Here
* Iran -Key Iranian port posts 15% growth in container throughput
In the first nine months of 2008, container throughput at the major Iranian port of Bandar Abbas increased by 15%, compared to Q1-Q3 2007, to just on 1.44m TEUs. Read Full News Here
* Denmark - FPS named local freight partner for Sri Lankan port project
Famous Pacific Shipping Lanka had been named as the preferred local freight partner for a Sri Lankan port construction project by Danish contractor MT Højgaard. Read Full News Here
from Intermodal
* USA - CSX reports 40% increase in Q3 earnings
US rail and intermodal freight transportation service provider CSX Corporation this week reported third quarter 2008 earnings from continuing operations of $382m. Read Full News Here
from IT Solutions
* USA - Manhattan unveils latest release of SCI solution
US-based global supply chain optimisation provider Manhattan Associates has announced the release of its Manhattan Supply Chain Intelligence (SCI) solution. Read Full News Here
* USA - INTTRA partners with P&B Associates in Latin America
INTTRA is linking up with a provider of software solutions for forwarding agents “to provide greater control and efficiency to supply chain data throughout Latin America”. Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 6:12 PM
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