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TRANSPORT & LOGISTIC* Worldwide
Briefing Weekly News
from Freight Forwarding
* TDG and ABX Logistics acquisitions finalised
Yesterday (October 1) saw the completion of two major acquisitions in the European logistics industry – ABX Logistics by DSV and TDG by private equity interests. Read Full Brief Here
* K+N proposes payment of special dividend
Kuehne + Nagel has called an extraordinary general meeting of shareholders for December 9 to discuss the election of a new board member and the payment of a special dividend. Read Full News Here
* Geodis Wilson signs contract with RS Components in the UK
Freight forwarder Geodis Wilson has secured a contract to manage certain air and sea freight routes for RS Components from its site in Corby, central England. Read Full News Here
* K+N recruits Schenker’s Hager to support European expansion
Swiss global forwarder Kuehne + Nagel has recruited a former senior executive from German rival Schenker to support further expansion of its European road and rail logistics activities. Read Full News Here
* Con-way cuts 2008 earnings guidance figures
Major US trucking, forwarding and logistics group Con-way Inc yesterday (October 1) issued reduced earnings guidance figures for 2008. Read Full News Here
* DSV Road acquires Norwegian forwarder Unicargo
DSV Road yesterday (October 2) announced it had signed an agreement to acquire 100% of the shares in Norwegian road freight forwarder Unicargo for an undisclosed sum. Read Full News Here
from Contract Logistics
* Are Chinese shippers immune from the financial crisis?
There are two schools of thought on prospects for China, given the present global economic crisis. John Manners-Bell, at the World Economic Forum’s Annual Meeting of the New Champions in Tianjin (September 27/28), heard both sides of the argument. Read Full Brief Here
* Agility acquires Chinese domestic logistics company Baisui
Middle East-based global forwarder Agility has further strengthened its presence in China with the signing of an agreement to acquire domestic logistics company Baisui. Read Full News Here
* Movianto takes on distribution of Teva Generic products in Germany
Generic pharmaceuticals manufacturer Teva is entrusting the German storage and distribution of 200 Teva Generics products to European healthcare logistics specialist Movianto. Read Full News Here
from Express & Mail
* Express giants continue to expand Asia Pacific presence
FedEx and TNT have both announced details of major new investment in their respective Asia Pacific region operations. Read Full Brief Here
* USPS blames 4% fall in mail volume on economic downturn
The United States Postal Service announced last week that it now expected to handle around 4% fewer items of mail this year than it did in 2007. Read Full News Here
* FedEx shareowners reject idea of an independent chairman
FedEx Corporation shareowners have voted against a stockholder proposal that the company’s chairman should be an independent director, it was reported yesterday (September 29). Read Full News Here
from Road Freight
* Covenant reports completion of new revolving credit facility
US trucking group Covenant Transportation this week announced the completion of a new revolving credit facility and provided an update on its business performance. Read Full News Here
* KART launches China-SE Asia trucking network
Kerry Asia Road Transport announced yesterday (October 2) that it was launching a new freight trucking service between Kunming in China and Bangkok, Thailand. Read Full News Here
from Air Cargo
* Asia Pacific air freight volumes continue to crumble
Asia Pacific air freight traffic declined by nearly 7% in August compared with the same month last year, according to the latest IATA figures. Read Full Brief Here
* Lufthansa and DB Schenker get 'e-freight' off the ground in Germany
Lufthansa Cargo and DB Schenker yesterday reported that they recently despatched the first paperless air freight shipment from Germany (to South Korea). Read Full News Here
* JAL suspends New York freighter service
Japan Airlines yesterday (September 29) announced a suspension of its freighter operations between Tokyo and New York and reduced frequencies on the Tokyo-Los Angeles route. Read Full News Here
* Lufthansa Cargo provides update on Leipzig/Halle developments
Lufthansa Cargo this week reported that it was initiating the next stage in the development of its air freight handling at Leipzig/Halle Airport in Germany. Read Full News Here
* Former BA World Cargo manager to be jailed in US for rate-fixing
A former senior manager with British Airways World Cargo, Keith Packer, is set to become the next airline executive to go to jail in the US for participating in a rate-fixing conspiracy. Read Full News Here
from Warehousing
* ProLogis details new leasing activity in Shanghai
ProLogis yesterday (September 30) announced it had leased approximately 460,000 sq ft (43,000 sq m) of space to two customers in Shanghai, China. Read Full News Here
* Toshiba Electronics reports opening of new European logistics centre
Toshiba Electronics Europe this week announced the opening of a new 3,000 sq m European logistics centre in Germany operated by sister company Toshiba Logistics Europe. Read Full News Here
from Shipping/Ports
* A close shave for NOL?
Has NOL been saved by Klaus-Michael Kuehne from buying Hapag-Lloyd? Or could the will to win tempt it to over-pay for the German shipping company? Read Full Brief Here
* NOL confirms binding bid made for Hapag-Lloyd
NOL (Neptune Orient Lines) confirmed on Friday (September 26) that it had submitted a binding bid to acquire the Hapag-Lloyd container shipping business. Read Full News Here
* Sino-Global establishes subsidiary in Hong Kong
Shipping agency Sino-Global Shipping America this week announced the establishment of a new wholly-owned operating subsidiary in Hong Kong. Read Full News Here
* Five executives face jail in US-Puerto Rico shipping conspiracy probe
The US Department of Justice this week announced the latest developments in its investigation into a US-Puerto Rico shipping trade conspiracy to rig bids and fix prices. Read Full News Here
from Intermodal
* DB Mobility Logistics float date announced - but worries emerge over price
Deutsche Bahn announced on Friday that the date for the floatation of its DB Mobility Logistics business would be October 27. Read Full Brief Here
* Hub Group announces death of founder and chairman
US intermodal marketing company Hub Group has announced the death of its founder and chairman, Phillip C. Yeager. Read Full News Here
from IT Solutions
* JDA Software launches new logistics management solution
US-based JDA Software Group yesterday announced the latest release of a new solution, JDA Transportation & Logistics Management (v7.5). Read Full News Here
* Brazilian industrial group selects GT Nexus logistics portal
GT Nexus yesterday (September 30) announced that its trade and logistics portal had been selected and deployed by major Brazilian industrial conglomerate Votorantim. Read Full News Here
* Rotterdam and Amsterdam port community systems to merge
As of July, 2009, the main Dutch ports of Rotterdam and Amsterdam will have one joint port community system, their managements jointly announced this week. Read Full News Here
Data from Transport Intelligence (London,UK) -6 Oct 2008
Labels: transport and logistics news
posted by Unknown @ 10:45 AM
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