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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Japan - NYK reports continuing air freight problems - and further logistics expansion
Nippon Yusen Kaisha Line (NYK) might be facing lower profits in the short-term but the group is continuing to build its land-based logistics capabilities. Read Full Brief Here
* UK - TT Club announces “satisfactory” financial results for 2008
TT Club, a leading worldwide provider of insurance and related risk management services to the international transport/logistics industry, last week reported its latest annual financial results. Read Full News Here
* USA - UTi reports $90m net loss in latest quarter
US-based global forwarder UTi Worldwide has reported its financial results for the company’s fiscal 2009 fourth quarter (Q4) period ended January 31, 2009.
* Denmark - DSV enters Latin America market through a JV
Danish global forwarder DSV this week announced it had entered the Latin America logistics market through a joint venture with the Los Inkas Group, headquartered in Santiago, Chile. Read Full News Here
from Contract Logistics
* Dubai - GAC opens new logistics company to serve Norwegian energy sector
GAC has set up a new company in Norway, GAC Logistics (Norway) AS, and opened a business development office in Oslo to meet the needs of that country’s energy sector. Read Full News Here
* USA - CEVA Logistics reports two Middle East contracts
CEVA Logistics last week reported the securing of two contracts in the Middle East, one with automotive systems supplier WABCO and the other with sports gear distributor GO Sport. Read Full News Here
from Express & Mail
* UK - Confidence in China's logistics industry plunges; Express and US more positive
The results of Ti’s Global Logistics Business Confidence Index for March, contained in the latest edition of Recession Watch, show that confidence in China’s logistics industry has slumped. However there is brighter news for Express Parcels companies and for the US logistics industry. Read Full Brief Here
* USA - FedEx Express expands retail network in Mexico
FedEx Express last week announced the expansion of its FedEx World Service Centres with the opening of four new facilities in Mexico City. Read Full News Here
* USA - FedEx SmartPost expands service into Canada
FedEx SmartPost this week announced an expansion of its service into Canada for US shippers by using the residential delivery capabilities of Canada Post Corporation. Read Full News Here
* Switzerland - Postal operators find a silver lining to the economic cloud
Although postal operators are feeling the pinch from economic recession in several of their business segments, certain areas of activity are actually showing signs of growth, the Universal Postal Union claimed yesterday (April 2). Read Full News Here
from Road Freight
* Holland - Partnerships back in fashion as TNT and Con-way ink deal
Netherlands-based express and mail operator TNT and US trucking company Con-way Freight have announced a partnership to link their road networks in Europe and the US. Read Full Brief Here
from Shipping/Ports
* Denmark - Maersk plans new rate rises in European, Asian and North American trades
Maersk Line has announced planned further rate hikes in the Europe-Asia, North America-Middle East/Indian sub-continent and North America-Mediterranean/North Africa trades. Read Full News Here
* Singapore - CargoGulf opens new office in Thailand
Singapore-based global NVOCC operator CargoGulf yesterday (April 2) announced the opening of a new office in Bangkok, Thailand. Read Full News Here
* Netherlands - Gates open at APM Terminals Bahrain
APM Terminals Bahrain this week opened the truck gates of its new Bahrain Gateway facility at Khalifa bin Salman Port in the Middle East Gulf. Read Full News Here
from Intermodal
* Germany - Mehdorn departure puts question mark over Deutsche Bahn
Hartmut Mehdorn, CEO of Deutsche Bahn, resigned on Monday (March 30) over allegations that the organisation had spied on its workforce. He leaves Germany’s largest company stuck in transition between the state and the private sector. Read Full Brief Here
* USA - NAFTA surface transport trade suffers largest ever decline
Labels: transport and logistics news
posted by Unknown @ 11:49 AM
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