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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Germany - DHL Supply Chain stars as group volumes plunge
Deutsche Post DHL today (May 6) released its interim results for the first quarter of 2009. They included a near 13% decline in revenue and a 42% drop in underlying EBIT. Read Full Brief Here
* USA - Expeditors reacts aggressively to falling markets
US-based global forwarder Expeditors of Washington has responded to a fall in volumes and profits over the first quarter of this year with characteristic ebullience. Read Full Brief Here
* Singapore - Agility reports "strong performance" in Q1
Worldwide forwarder and logistics provider Agility yesterday (May 5) announced its financial results for the first quarter of 2009. Read Full News Here
* Australia - Toll to acquire full ownership of Chinese operation
Toll reported this week that it had reached an agreement with China Merchants Group to acquire all the remaining 49% of shares in Chinese operation ST-Anda Logistics. Read Full News Here
from Contract Logistics
* UK - New report finds global contract logistics market grows at 5% in 2008
The global contract logistics market grew at 5% in 2008 according to the latest report published by Transport Intelligence, Global Contract Logistics 2009. This represents a significant weakening of the market after several years of growth of around 10%. Read Full Brief Here
* UK - Wincanton maintains business development "momentum" in
UK-based European supply chain solutions provider Wincanton yesterday (May 5) announced several new positive business developments in its home logistics market. Read Full News Here
* USA - Dana México selects Menlo to manage transportation
Menlo Worldwide Logistics has secured an agreement to provide transportation management services for the Mexican operation of major automotive industry supplier Dana Holding. Read Full News Here
from Express & Mail
* The Netherlands - TNT suggests market decline has halted
TNT experienced a tough first quarter of 2009, with revenue falling by 11% to €2.4bn and EBITDA by over a third to €245m. Read Full Brief Here
* Germany - DHL adds B747-400F to Asian air network
DHL has announced the introduction of a B747-400 freighter, through Air Hong Kong, to service its vital Singapore-Hong Kong route. Read Full News Here
* USA - USPS reports quarterly loss of $1.9bn
The US Postal Service announced this week that the organisation had ended the second quarter (January 1−March 31) of its current financial year with a net loss of $1.9bn. Read Full News Here
from Road Freight
* USA - Surface trade with NAFTA neighbours fell by 31% in February
Trade using surface transportation between the US and its NAFTA partners, Canada and Mexico, was almost 31% lower in February 2009 than in February 2008, it was revealed last week. Read Full News Here
* Australia - Toll strengthens Indian linehaul coverage through acquisition
Australian group Toll, which claims to be one of the Asian region’s leading providers of integrated logistics, is acquiring an equity stake in Indian company BIC Logistics. Read Full News Here
from Warehousing
* USA - ProLogis reports 2009 first quarter results
ProLogis, a US-based provider of distribution facilities across North America, Europe and Asia, has revealed a marked drop in earnings per share for the first quarter of this year. Read Full News Here
from Shipping/Ports
* The Netherlands - APM Terminals to participate in Congo port terminal project
APM Terminals will be a member of the consortium selected to develop a new deepwater container terminal at the Port of Pointe-Noire in the Republic of the Congo. Read Full News Here
* Germany - New cooperation announced in transatlantic container shipping sector
Grand Alliance shipping lines and ZIM are set to cooperate with Hamburg Süd on their Atlantic Express Service between the US and north Europe. Read Full News Here
* USA - Port retail container volume at lowest level in five years
Import cargo throughput at major retail container ports in the US improved in March over February’s seven-year low but was still at its lowest level in five years, revealed the latest monthly Port Tracker report released yesterday (May 7). Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 4:48 PM
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