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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Germany - DPWN ends a nervous year
Deutsche Post World Net has previewed profit figures which show results holding up in 2008 despite an ominous fall in the last quarter. Read Full Brief Here
* USA - Forward Air hit by weak fourth quarter
US freight forwarder Forward Air has provided updated earnings guidance for the fourth quarter 2008. Read Full News Here
* UK - Forwarder Anglo Overseas goes into administration
Well-known UK freight forwarder Anglo Overseas Limited has been put into administration, Vantis Business Recovery Services announced this week. Read Full News Here
* Dubai/UAE - GAC opens business development office in France
Dubai-headquartered shipping, logistics and marine services group GAC has announced the opening of a logistics business development office in Lille, France. Read Full News Here
from Contract Logistics
* USA - UPS SCS gains traction in healthcare sector
A recently-announced decision by Merck & Co to outsource a large part of its vaccine and pharmaceutical distribution in the US to UPS Supply Chain Solutions represents a market breakthrough for the latter. Read Full Brief Here
* Qatar/UAE - GWC, Agility Qatar plan to merge operations
Agility Qatar has announced that it has signed a Memorandum of Understanding to enter into merger discussions with the Gulf Warehousing Company (“GWC”). Read Full News Here
* Holland - Vopak 2008 results on track
Dutch chemical logistics specialist Vopak has released a statement saying that it had achieved its corporate objectives in 2008. Read Full News Here
* Japan - NYK Logistics to support slimming product rollout in Europe
NYK Logistics (UK) has reported its appointment by national pharmacy chain Rowlands Pharmacy to support the UK launch and European roll out of a new slimming product. Read Full News Here
* Canada - Company Lakeside Steel selects PLS Logistics
PLS Logistics Services announced this week that it had been selected by Canadian company Lakeside Steel Corporation to manage the latter’s transportation logistics needs. Read Full News Here
* USA - CEVA wins LG Electronics contract in Brazil
Global supply chain management company CEVA Logistics this week announced it had signed a contract with consumer electronic goods manufacturer LG Electronics in Brazil. Read Full News Here
from Express & Mail
* Europe - EU lawyer concludes Royal Mail postal service should be VAT-exempt
An EU Court of Justice Advocate General has decided that the postal service of the UK’s Royal Mail organisation is, in principle, exempted from value added tax. Read Full News Here
* UK - Royal Mail targets near doubling of annual profit in 2008-09
UK postal and parcel service provider Royal Mail Group this week reported that “for the first time in almost 20 years”, all its business units were making an operating profit. Read Full News Here
* Germany - DHL opens new gateway in Mexico
DHL Express has significantly expanded its infrastructure/capacity in Mexico with the official inauguration yesterday (January 22) of two new facilities. Read Full News Here
from Road Freight
* USA - YRC bank discussions take another step forward
US trucking group YRC Worldwide Inc announced on Friday (January 16) that it had completed “an important step” toward finalising an amendment with its banking group. Read Full News Here
* Germany - DHL launches Europe-Middle East road freight service
DHL Freight, the overland transport business of German global logistics group DPWN, yesterday (January 20) officially launched a regular road freight service between Europe and the Middle East. Read Full News Here
from Air Cargo
* Germany -. Fraport Group reports 2.5m tonnes in 2008
Frankfurt Airport has reported that its cargo throughput declined significantly in December 2008, influencing its performance in 2008 as a whole. Read Full News Here
* UK - Freight body welcomes third Heathrow runway
The British International Freight Association has given qualified support to the UK government’s decision to allow a third runway at Heathrow airport. Read Full News Here
* France - Air France-KLM warns of quarterly operating loss
Air France-KLM has warned that a range of factors, including a “strong decline” in cargo revenue, mean it is likely to have incurred an operating loss in the latest quarter. Read Full News Here
* Malaysia - Asia Pacific airlines confirm “dire” cargo performance in December
The Association of Asia Pacific Airlines yesterday (January 22) released its preliminary traffic figures for 2008 and warned of “an extremely difficult year” to come. Read Full News Here
from Warehousing
* USA - ProLogis reports further leasing activity in Japan
ProLogis has leased approximately 24,200 sq m at ProLogis Parc Ichikawa I, a distribution facility near Tokyo, Japan. Read Full News Here
from Shipping/Ports
* Container industry facing its toughest challenges ever
According to latest data, 2009 will be the toughest year yet for the global container shipping industry, with ocean carrier casualties a real possibility. Freight rates in the major east-west trade lanes continue to fall, and with vessel supply set to exceed cargo demand by a considerable margin this year the outlook for the industry is bleak. Read Full Brief Here
* Malaysia - Somalia and Nigeria drive increase in piracy
The ICC International Maritime Bureau (IMB) Piracy Reporting Centre (PRC) has released its annual piracy report which shows an unprecedented rise in maritime hijacking in 2008. Read Full Brief Here
* Sweden - Stena cuts Rotterdam-Harwich freight capacity
Ro-ro ferry operator Stena Line has announced a planned freight capacity reduction on its route between Rotterdam, Europoort, in the Netherlands and Harwich, south-east England. Read Full News Here
* Singapore - PSA reports strong growth in port volumes
PSA International has announced strong growth in containers at its port projects around the world, but warns for the future. Read Full News Here
* China - CSCL estimates more than 50% slump in annual profit
China Shipping Container Lines yesterday (January 21) warned that its net profit figure for 2008 is likely to be less than half that achieved the previous year. Read Full News Here
from Intermodal
* China - Outlines future of the Pearl River Delta
The Chinese government has released its plan for the future development of that country’s most prosperous region, the Pearl River Delta. Read Full Brief Here
* France - Channel Tunnel back to full capacity in February
Eurotunnel has announced that it will restore full Channel Tunnel capacity by reopening ‘Interval 6’ during the night of 9-10 February 2009. Read Full News Here
* USA - CSX reports revenue and operating income growth in Q4 2008
US rail and intermodal freight service operator CSX Corporation this week reported “solid” financial results for the fourth quarter of 2008. Read Full News Here
from IT Solutions
* Abu Dhabi/UAE - Integrated security system boosts Abu Dhabi border inspections
US border security and traffic management company Perceptics has reported the development of an enhanced integrated border security system for Abu Dhabi Customs in the UAE. Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 6:02 PM
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