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TRANSPORT & LOGISTICS * WORLDWIDE
Brief & Weekly News
from Freight Forwarding
* USA - Extra integration expense in China dents Menlo income figure
Con-way Inc’s Q3 2008 results statement included an admission that global forwarding subsidiary Menlo Worldwide had incurred higher than expected integration expenses in China. Read Full News Here
* Dubai - Aramex eyes acquisition opportunities in China
Prominent Middle East-based logistics provider Aramex this week reported “strong” Q3 financial results and confirmed plans to focus more attention on Asia in general and China in particular. Read Full News Here
from Contract Logistics
* USA - Potential for cold chain efficiencies to alleviate poverty
Improvements in cool chain efficiency could be an important factor in the alleviation of global food poverty, according to the Global Cold Chain Alliance (GCCA). At a conference held last month, organised by the US Agency for International Development (USAID). Read Full Brief Here
* UK - Wincanton acquires German company ELI
UK-based logistics group Wincanton has expanded its European logistics network through the acquisition of a warehousing and transport business based in Koblenz, Germany. Read Full News Here
* UK - TDG CEO Garman departs following takeover
Two senior executives at UK-based European logistics group TDG – CEO David Garman and Chief Financial Officer Jeffrey Hume − are leaving the company following its recent takeover. Read Full News Here
* UK - New senior management appointments at TDG
Following the recently-reported departure of TDG CEO David Garman, three new senior management appointments have been announced at that UK-based European logistics group. Read Full News Here
* USA - Venture capital firm creates logistics sector acquisition vehicle
US venture and growth capital firm Austin Ventures is committing up to $75m to create “a new supply chain services acquisition and strategic business development company”. Read Full News Here
* UK - Tradeteam secures £140m Coors UK distribution deal
DHL company Tradeteam, which claims to be the UK’s number one drinks logistics provider, has announced a seven-year contract with Coors Brewers valued at £140m (€175 m). Read Full News Here
from Express & Mail
* Germany - DPWN revises profit forecast downwards - raising questions about US express business
Deutsche Post World Net saw its share price savaged following the publication of a revised profit guidance statement published yesterday (October 27). Read Full Brief Here
* USA - International parcel service targets Latin American internet shopping sector
SkyPostal Networks, which claims to be the largest private postal network in Latin America, last week announced its launch of a new parcel logistics service under the PuntoMio brand. Read Full News Here
* Holland - TNT confirms ‘European recessionary business environment’
TNT yesterday (October 27) published its third quarter 2008 financial figures under the heading ‘Pressure on results in European recessionary business environment’. Read Full News Here
* USA - FedEx plans trade mission to India
FedEx Corporation yesterday (October 30) announced it was collaborating on a US trade mission to India in November. Separately, its FedEx Ground subsidiary in the US this week detailed plans for a major new hub in Oregon. Read Full News Here
from Road Freight
* USA - Mixed results for North American road and rail operators
There is still no end in sight to the slowdown in the US economy for the foreseeable future. But in the first nine months of 2008 the financial performances of major North American-headquartered road and rail freight operators varied considerably, with some showing healthy revenue and profit growth. Read Full Brief Here
* USA - YRC reports “significant” free cash flow and reduced total debt
YRC Worldwide, the US-based holding company for brands including Yellow Transportation, Roadway and YRC Logistics, has published its latest quarterly figures. Read Full News Here
* USA - C.H. Robinson announces latest quarterly figures
C.H. Robinson, a US-based provider of trucking/multimodal transportation services and logistics solutions, has reported its financial results for the quarter ended September 30, 2008. Read Full News Here
* UK - Stobart predicts full-year results “in line with expectations”
Stobart Group, one of the UK’s leading providers of multimodal transport and logistics solutions, has published its results for the six months ended August 31. Read Full News Here
* USA - Truck tonnage index fell just under 1% in September
The American Trucking Associations’ advanced seasonally adjusted for-hire truck tonnage index, widely seen as a barometer for the wider US economy, decreased again last month. Read Full News Here
* USA - Arkansas Best reports lower net income figure in Q3
Arkansas Best Corporation, a US transportation holding company, has reported its results for the 2008 third quarter ending September 30. Read Full News Here
* France - Dentressangle warns economic situation will slow turnaround of Salvesen business
One of Europe’s leading road transport and logistics groups, Norbert Dentressangle, this week reported its results for the nine months to September 30. Read Full News Here
from Air Cargo
* Swiss - Air cargo output drop worst since dotcom bubble burst
According to IATA, global international air cargo traffic dropped by nearly 8% in September, the worst decline since the ‘dotcom’ technology bubble burst in 2001. Read Full Brief Here
* USA - ALPA calls on Congress to look again at DHL/UPS deal
ASTAR pilots, represented by the Air Line Pilots Association International (ALPA), last week called on the US Congress to further investigate the planned DHL/UPS air line haul deal. Read Full News Here
* USA - UPS begins construction of intra-Asia hub in Shenzhen
UPS has announced the start of construction work on its new intra-Asia air hub at Shenzhen International Airport in the heart of China’s Pearl River Delta. Read Full News Here
* USA - Boeing forecasts quadrupling of Chinese freighter fleet over next 20 years
US aircraft manufacturer Boeing yesterday (October 28) detailed its 2008 Current Market Outlook for the China region up to 2027. Read Full News Here
* Sweden - European cargo airlines West Air and Atlantic announce merger
Two major carriers of European postal/express traffic − West Air Europe and Atlantic Airlines – are to merge and form what they claim will be Europe’s largest all-cargo regional airline. Read Full News Here
from Warehousing
* USA - ProLogis closes $735m senior credit facility in China
ProLogis has secured an additional line of credit with one of the largest and oldest state-owned banks in China to support its business development in that country. Read Full News Here
from Shipping/Ports
* Japan - 'Big three' enjoy last of the boom
NYK, MOL and 'K' Line have released strong figures for their latest reporting periods but business prospects for the immediate future look far less rosy. Read Full Brief Here
* Japan - MOL announces resignation from transpacific liner agreements
Following the EU’s banning of liner conferences, MOL is pulling out of the TSA and CTSA agreements. Separately, it is launching a new Asia-east coast South America service. Read Full News Here
from Intermodal
* Canada - CN achieves 14% increase in Q3 2008 net income
North American railroad operator CN (Canadian National Railway Company) has reported its financial and operating results for the quarter ended September 30, 2008. Read Full News Here
* Canada - Foreign exchange factors dent CP third quarter figures
North American railroad and intermodal freight service operator Canadian Pacific this week announced its latest quarterly results. Read Full News Here
from IT Solutions
* USA - FreightScan establishes major presence in South Asia
Cargo scanning technology provider FreightScan has signed a strategic partnership with Indian company Group Concorde covering South Asia, the Middle East and Eastern Europe. Read Full News Here
* Germany - DHL to eliminate 6m paper invoices a year in Europe
DHL plans to switch over one-third of the annual 18m paper invoices it currently sends out across Europe to an electronic format by 2010, it was announced yesterday (October 29). Read Full News Here
* USA - New service parts visibility solution for automotive and other manufacturers
US B2B e-commerce solutions provider GXS this week launched a new solution designed to provide companies with real-time visibility into their spare parts shipments around the world. Read Full News Here
Data: Transport Intelligence (London,UK) -3 Nov 2008
Labels: transport and logistics news
posted by Unknown @ 2:26 PM
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