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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* New Ti Confidence Index reveals strongest and weakest logistics markets
Ti’s new monthly Global Logistics Business Confidence Index has revealed that business confidence for February 2009 is highest in the ‘Pharmaceutical/healthcare’ and ‘Intermodal’ logistics sectors. This contrasts with sentiment in the ‘Road freight/trucking’ and ‘Express’ sectors. Of the key geographies China has the strongest confidence, whilst at the other end of the spectrum North America respondents were the most downbeat. Read Full Brief Here
* Panalpina inaugurates new Singapore logistics centre
Swiss global forwarder Panalpina last week formally inaugurated a major new 11,277 sq m distribution and logistics centre in Singapore. Read Full News Here
* Aramex reports 21% profit rise in 2008
Major Middle East-based global express, forwarding and logistics service provider Aramex has published its financial results for 2008. Read Full News Here
from Contract Logistics
* M&A activity holds up in transport and logistics sector PricewaterhouseCoopers has just published the findings of a survey covering transport/logistics sector merger and acquisition activity in 2008. Read Full Brief Here
* DHL targets South Asia fashion logistics market
DHL yesterday (February 17) announced a development designed to significantly strengthen its position in the estimated $3.9bn South Asia fashion logistics industry. Read Full News Here
* CEVA starts new operation for Renault in Brazil
CEVA Logistics this month announced it had started a new operation for automotive manufacturer Renault in Brazil which included handling imported parts from all over the world. Read Full News Here
* WWL establishes subsidiary in India
Wallenius Wilhelmsen Logistics (WWL), an international logistics provider owned by Wallenius Lines of Sweden and Wilh. Wilhelmsen of Norway, has set up a new subsidiary in India. Read Full News Here
from Express & Mail
* Integrators strengthen their presence in China's domestic express sector
In a positive sign that the global integrators are continuing to make investments despite the present challenging worldwide economic environment, both DHL and TNT are further expanding their express activities in China. Read Full Brief Here
* TNT acquires domestic express company in Chile
TNT this week announced it had acquired 100% of Chilean company LIT Cargo as part of its stated strategy to become the intra-regional express leader in South America. Read Full News Here
* DHL Express extends guaranteed inbound delivery service
DHL Express this week announced an extension of its Import Express shipping and billing capability, initially from major centres in Europe and Asia to the Middle East. Read Full News Here
* DPD and Forward Group launch cooperation in China
German international express/parcel delivery operator DPD has reported the conclusion of a co-operation agreement in China between DPD China and Hong Kong-based Forward Group. Read Full News Here
from Road Freight
* TNT survives year of two halves
Netherlands-based global express and mail group TNT today (February 16) announced its 2008 fourth quarter and full year figures. Read Full Brief Here
from Air Cargo
* Lufthansa Cargo confirms short-time working from March 1
Lufthansa Cargo, one of the world’s leading air cargo carriers, has now confirmed previously-indicated plans to put some 2,600 staff in Germany on short-time working, effective March 1. Read Full News Here
from Shipping/Ports
* TSA withdraws proposed agreement amendment
The US Federal Maritime Commission last week reported that shipping group the Transpacific Stabilization Agreement had decided to withdraw a proposed agreement amendment. Read Full News Here
* APL agrees $26m payment to settle US military shipment fraud allegations
APL has agreed to pay the US government $26.3m to resolve allegations that it submitted false and inflated cost claims for containerised cargo shipments to troops in Iraq and Afghanistan. Read Full News Here
from Intermodal
* US freight transport services index fell 3% in 2008
The US Freight Transportation Services Index declined 2.3% in December from its November level, the national Bureau of Transportation Statistics reported last week. Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 11:05 AM
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