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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Contract Logistics
* 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 - Ace Expediters acquires Network Express
Atlantic Street Capital, a US private equity firm, last week announced that portfolio company Ace Expediters had acquired Network Express. Read Full News Here
from Express & Mail
* USA - Washington jury rules in favour of FedEx Ground independent contractors
FedEx Ground has reported that a jury in Washington, US, affirmed in a verdict that “FedEx Ground single work area contractors operating in the state are independent business owners and not employees”. Read Full News Here
* USA - SkyPostal outlines 2008 results and expansion plans
SkyPostal Networks, which claims to be the largest private postal network in Latin America, last week announced its 2008 results and future development plans. Read Full News Here
* USA - FedEx launches International Economy Service in India
FedEx Express has announced the launch of FedEx International Economy service in India. Read Full News Here
from Road Freight
* UK - Survey: Recession to cause rise in logistics-related crime
A recent survey found that more than 75% of managers with responsibility for security in UK logistics businesses believed the current economic downturn would raise the level of crime affecting their businesses. Read Full Brief Here
* USA - UPS expands North American ground freight network with Mexico door-to-door service
UPS Freight yesterday (April 7) announced it would offer door-to-door service to and from Mexico, complete with UPS customs brokerage capabilities and single invoicing for all services between the US, Canada and Mexico. Read Full News Here
from Air Cargo
* Switzerland - Global air cargo market decline shows signs of bottoming out
Worldwide air cargo volumes are continuing to run at levels more than 20% below those of 12 months ago but the market decline may be starting to level out, suggest the latest industry statistics. Read Full News Here
from Shipping/Ports
* Iceland - Eimskip reports €40m loss in Q1 2009
Icelandic international shipping and logistics group Eimskip last week reported its results for the first quarter of 2009 and provided an update on the company’s financial restructuring. Read Full News Here
from Intermodal
* Africa - EC helps fund freight transport development in Africa
The EC this week announced it had pledged €115m towards an “ambitious” project to improve transport infrastructure and remove regulatory barriers to trade in eastern and southern Africa. Read Full News Here
from IT Solutions
* Germany - New partnership will offer automated invoicing for ocean container shipping
Deutsche Bank and INTTRA this week announced the launch of a partnership to “drive new efficiencies and cost savings in the US$260bn ocean container shipping industry”. Read Full News Here
Labels: transport and logistics news
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