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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Australia - New logistics alliance targets African markets
Project cargo network Project Professionals Group and pan-African forwarding group African Cargo and Logistics Alliance have announced an “informal strategic alliance”. Read Full News Here
* Kuwait - Agility hints at more acquisitions
Global forwarder Agility this week reported "strong" financial results for its 2008 fiscal year and hinted it is on the lookout for more acquisitions. Read Full News Here
*Denmark - DSV unveils "highly satisfactory" 2008 results
Danish worldwide air/sea/road forwarder and logistics provider DSV this week reported 2008 results described by its senior management as "highly satisfactory". Read Full News Here
from Contract Logistics
* USA - Debt cloud still looms over strong CEVA
Uncertainty continues to hang over worldwide logistics service group CEVA following its announcement of some generally strong annual results last week. Read Full Brief Here
* Luxembourg - Logwin and Finnish partner establish supply chain centre for Wartsila in China
Logwin has joined forces with Finnish partner Wikestrom & Krogius to establish a supply chain centre for the Wartsila Corporation in Shanghai, China. Read Full News Here
* UK - Wincanton reports €107m of contract renewals and expansion
European supply chain management provider Wincanton has announced the securing of two significant contract awards for warehousing and transport services in the UK. Read Full News Here
from Express & Mail
* USA - USPS continues "aggressive" cost-cutting
The US Postal Service has announced further cost-cutting moves, including the closure of six district offices and more job losses. Read Full News Here
* USA - FedEx freighter crashes in Tokyo – two killed
A FedEx Express MD-11 freighter en route from Guangzhou, China, crashed at Japan’s Tokyo Narita International Airport this morning (local time), killing both crew members on board. Read Full News Here
from Road Freight
* France - Norbert Dentressangle reports “satisfactory” annual results
French European transport and logistics group Norbert Dentressangle yesterday (March 24) published what it described as “satisfactory” results for 2008. Read Full News Here
* USA - Truck tonnage index rises but trade body ATA urges caution
The American Trucking Associations’ advanced seasonally adjusted for-hire truck tonnage index edged 1.7% higher in February, marking the second consecutive month-to-month increase. Read Full News Here
from Air Cargo
* Switzerland - IATA forecasts huge loss for air transport industry
IATA says it now expects the global air transport industry to record losses of $4.7bn in 2009. Cargo demand is projected to decline by 13% compared with 2008. Read Full Brief Here
* USA - ATSG reveals heavy losses after "extraordinarily challenging" year
Air Transport Services Group, a leading provider of air services to DHL in the US, this week reported a net loss of just over $64m for the fourth quarter of 2008 and $56m for the full year. Read Full News Here
from Warehousing
* UK - Sales in China and Japan boost ProLogis debt reduction push
ProLogis this week announced the receipt of $845m in cash proceeds from the previously-announced sale of its operations in China and property fund interests in Japan. Read Full News Here
from Shipping/Ports
* Dubai - DP World prospered in 2008 but considers slowing London Gateway project
DP World had a strong 2008 but the prospects for 2009 are making the Dubai-based port container terminal operator reconsider some of its major development projects. Read Full Brief Here
from Intermodal
* Belgium - EC proposes waiver for customs security checks between the EU and Switzerland
The EC (European Commission) reported on Friday (March 20) that it had adopted a proposal for a European Council decision to extend the scope of application of the 1990 customs agreement between the EU (European Union) and Switzerland in order to bring it in line with new EC security measures on goods transport. Read Full News Here
* Germany - DB voices fears over planned European rail network for freight
Plans to develop a European rail network for freight traffic are running into serious opposition from German rail organisation Deutsche Bahn. Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 7:10 AM
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