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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Improved South American connections will benefit shippers and service providers
The last few years have seen major investments in the transport and port infrastructure of several South American countries, including Brazil, Argentina, Chile, Ecuador and Peru. Much of the investment, particularly in the ports and maritime sectors on both the east (Atlantic) and west (Pacific) coasts of South America, has come from foreign-owned companies and consortia. Despite the economic slowdown now starting to be felt in South America, the investment is expected to continue.
from Contract Logistics
* Wincanton predicts static profits in depressed markets
UK-based European logistics service provider Wincanton this week issued an interim trading statement.
* UK drinks logistics provider Tradeteam wins €555m contract
DHL operation Tradeteam, which claims to be the number one drinks logistics supplier in the UK, has secured a 10-year contract with Coors Brewers worth more than £500m (€555m).
* Ryder reports lower figures for Q4 2008
US-based transportation, logistics and supply chain management solutions provider Ryder System Inc this week reported its 2008 fourth quarter and full-year results.
from Express & Mail
* Volume falls and write-offs drive down UPS figures
Global package delivery and logistics service giant UPS has announced unsurprisingly gloomy results for Q4 2008, with modest falls in volume and revenue.
* DHL lands exclusive contract with A J Walter Aviation
DHL Express has secured an exclusive contract with aircraft support specialist A J Walter Aviation to manage the latter’s inbound and outbound delivery requirements from the UK.
* Scandinavian postal industry merger moves closer
There have been two significant developments this week relating to the planned merger of Scandinavian postal organisations Posten AB (Sweden) and Post Danmark A/S (Denmark).
* USPS racks up $384m loss in latest quarter
The US Postal Service this week reported that it had ended the first quarter (October 1-December 31, 2008) of its current financial year with a net loss of $384m.
from Road Freight
* Recession set to reshape US trucking industry
The present situation in the US trucking industry, while hardly easy for any company, is characterised by widely varying financial performances from individual players.
* J.B. Hunt reports 11% drop in Q4 2008 operating income
J. B. Hunt Transport Services Inc, a prominent US-based North American trucking and intermodal freight service provider, has reported its fourth quarter 2008 financial figures.
* Impairment charges dent Covenant Transportation figures
Covenant Transportation Group Inc, a holding company for several US transportation providers, yesterday (February 3) announced its latest financial and operating results.
from Air Cargo
* Lufthansa Cargo plans short-time working
Lufthansa Cargo announced on Friday that it is to introduce short-time working in response to the global slump in air cargo traffic and resulting cutbacks in its own freighter operations.
from Shipping/Ports
* Recession sinks Senator Lines
The global economic recession has claimed its first major victim in the container shipping sector. Senator Lines announced today (February 4) that it would cease business at the end of this month.
* Maersk to raise Europe-Asia container rates
Container shipping giant Maersk announced two separate developments this week – an increase in its eastbound Europe-Asia trade rates and changes to its US-Central America service.
from Intermodal
* DB buys largest private rail company in Poland
German rail and logistics service provider Deutsche Bahn announced on Friday (January 30) that it is to acquire the logistics arm of the PCC group in Poland.
* EC signals shake-up for trans-European transport policy
The European Commission this week adopted a Green Paper setting out “the future challenges” for its trans-European transport network (TEN-T) policy.
Read Full News in: Transport Intelligence -9 Feb 2009
Labels: transport and logistics news
posted by Unknown @ 4:22 PM
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