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TRANSPORT & LOGISTIC * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Kuwait - Agility outlines continuing ambitions despite lower profit
Kuwait-based international forwarder Agility saw its profit fall 9% in Q3 but is continuing to acquire more businesses and target developing markets. Read Full Brief Here
* Australia - DSV takes 100% ownership of ABX Logistics in
DSV Air & Sea Pty Ltd has reported its acquisition of the remaining 60% of the shares in ABX Logistics (Australia) Pty Ltd to give it full ownership. Read Full News Here
* USA - AMB leases space at Houston and Amsterdam airports
AMB Property this week announced it had leased logistics/distribution space at George W Bush International Airport, Houston, US, and Amsterdam Airport Schiphol in the Netherlands. Read Full News Here
from Contract Logistics
* Germany - DPWN reveals a dramatic quarter
Following the announcement this week of its withdrawal from the US domestic express market, Deutsche Post World Net also released its figures for the third quarter of 2008. Read Full Brief Here
* Germany - DHL Europe launches new transport solution for the tyre industry
DHL announced on Friday (November 7) that it had introduced DHL Tyrebox for Europe, “a new and patented solution for transporting tyres to the market”. Read Full News Here
* USA - Atlas Air parent company reports mixed performance in third quarter
US-based Atlas Air Worldwide Holdings has announced its operating and financial results for the third quarter of 2008. Read Full News Here
* USA - UPS to expand healthcare options with new Puerto Rico facility
UPS yesterday (November 11) announced an expansion of its options for healthcare customers with the planned addition early next year of a new 150,000 sq ft facility in Puerto Rico. Read Full News Here
* USA - Horizon Lines to cut non-union workforce by 10%
US domestic ocean shipping and logistics operator Horizon Lines has announced a non-union workforce restructuring initiative targeted at saving an estimated $7m-$10m in labour costs. Read Full News Here
* USA - CEVA set to expand Jebel Ali facility sevenfold in 12 months
CEVA Logistics FZE plans to expand its Jebel Ali Free Zone facility in Dubai from 20,000 sq m to 135,000 sq m by October 2009, it was announced yesterday (November 12). Read Full News Here
from Express & Mail
* Germany - DHL to pull out of US domestic express operations
Deutsche Post World Net has announced that its DHL Express division will exit US domestic air and ground express service by the end of January. Read Full Brief Here
* UK - Parcelforce targets retail customers with two new services
Parcelforce Worldwide, the express parcel delivery business of UK postal organisation Royal Mail Group, has launched two new domestic services targeted at business sector customers. Read Full News Here
* USA - ATSG outlines impact of DHL exit from US domestic express activities
Air Transport Services Group reported this week that wholly-owned subsidiary ABX Air had signed amendments to its principal commercial agreements with DHL Express in the US. Read Full News Here
* USA - FedEx publishes emission reduction and fuel saving targets
FedEx Corporation this week announced that by 2020 it planned to reduce carbon dioxide emissions from the FedEx Express aircraft fleet by 20% and improve road vehicle fleet fuel efficiency by 20%. Read Full News Here
* Holland - TNT Post claims Dutch postal sector employment agreement is "still too soft"
TNT Post says it cannot accept an agreement reached yesterday (November 13) by Sandd, Deutsche Post and several trade unions on conditions of employment in the Dutch postal sector. Read Full News Here
from Road Freight
* USA - Economic slowdown impacting on M&A activity in transport and logistics sectors
The current bad economic/credit environment has impacted on the number and values of mergers and acquisitions (M&A) in the transport and logistics industry during 2008. A reduction in M&A activity in the US over the last year has been followed by a similar trend in other regions of the world which have also been hit by the economic slowdown. Read Full Brief Here
from Air Cargo
* China - Taking stock of the China trade
The present global financial and economic crisis looks certain to have major repercussions for China’s trade and related logistics activities. But just what will that impact be? Read Full Brief Here
* USA - Lufthansa Cargo to join Unisys-operated portal CPS
Unisys Corporation announced last week that Lufthansa Cargo would join the Cargo Portal Services electronic booking and shipment management service on November 18. Read Full News Here
* Russia - Cargo airline group reports strong business increase
Volga-Dnepr has announced a 75% increase in sales for the first nine months of 2008, with revenue from its charter and scheduled cargo transportation services totalling $1.265bn. Read Full News Here
* UK - Improved product mix boosts BA World Cargo yield
British Airways World Cargo has reported a 25% increase in commercial revenue for the first half (April-September) of its current financial year. Read Full News Here
* Indonesia - ASEAN ministers conclude air freight liberalisation agreement
ASEAN transport ministers have concluded various agreements relating to aviation sector liberalisation, including air freight services, and cross-border multimodal cargo transport. Read Full News Here
* Hong Kong/China - Hactl figures confirm sharp drop in Asia Pacific air cargo traffic
Hong Kong Air Cargo Terminals Limited this week announced a near 10% decrease in tonnage throughput during October. Read Full News Here
* USA - ATSG outlines impact of DHL exit from US domestic express activities
Air Transport Services Group reported this week that wholly-owned subsidiary ABX Air had signed amendments to its principal commercial agreements with DHL Express in the US. Read Full News Here
from Warehousing
* USA - Equity International reports first investment in Chinese warehousing sector
US-based Equity International this week announced the closing of a US$46m investment in a privately-owned industrial property company based in Shanghai, China. Read Full News Here
from Shipping/Ports
* Denmark - Maersk sets a better course as market conditions deteriorate
Global container shipping giant Maersk Line shrank its financial losses and increased volumes faster than expected over the nine months to end-September. Read Full Brief Here
* USA - Retail container traffic through US ports set to be lowest since 2004
Cargo volume handled by major retail container ports in the US this year is now expected to be the lowest since 2004, according to the country’s National Retail Federation. Read Full News Here
* USA - US companies combine technologies to scan containers for hidden nuclear material
Cargo security companies Erudite and VeriTainer have teamed up to deploy a system designed to detect nuclear materials hidden in containers as they are being handled at ports. Read Full News Here
* Dubai - DP World and Algeria establish long-term joint ventures
DP World yesterday (November 10) announced that it had signed joint venture agreements with the Algerian government to take over the operation of two ports in that North African country. Read Full News Here
* India - Port announces more investment and another container service
Gujarat Pipavav Port Limited is to invest €40m to further improve accessibility to the APM Terminals-backed Indian port. It will also this month get a new container service to Europe. Read Full News Here
* UK - English port of Dover set to be hit by strike next week
The English Channel port of Dover, a major gateway for freight moving between the UK and Continental Europe, could be hit by a strike next week in a row over the outsourcing of jobs. Read Full News Here
* Japan - CKYH shipping alliance announces further major capacity cutbacks
Asian global container shipping line alliance CKYH yesterday (November 13) announced plans for further extensive “rationalisation” of its services in a number of trades. Read Full News Here
from IT Solutions
* India - Honda Motor India selects Servigistics solution for parts management
Honda Motor India, a wholly-owned subsidiary of Honda Motor Co, has selected the Servigistics Service Parts Management solution across India. Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 3:56 PM
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