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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Supply chains at risk from global pandemic
- Whilst the likelihood of a global Swine flu pandemic at this time should not be overstated, the developments of the past two weeks have led to concerns that modern supply chains are uniquely vulnerable to disruption from such an outbreak. Read Full Brief Here
* Germany - DHL announces $13m investment in Hong Kong
- DHL this week reported an investment of over HK$100m (US$13m) in Hong Kong involving a new 120,000 sq ft DHL Global Forwarding office and a ‘DHL Fashion Competency Centre’. Read Full News Here
from Contract Logistics
* USA - CEVA sees sales and profits fall in Q1
- CEVA Logistics managed to stabilise its financial position during the first quarter of this year, despite continuing falls in demand for freight forwarding and automotive contract logistics. Read Full Brief Here
* China - Telecommunications giant Huawei selects Panalpina as prime LSP
- Panalpina has been nominated by global telecommunications company Huawei Technologies as prime logistics service provider for the latter’s China-Brazil end-to-end business. Read Full News Here
* Germany - K+N to provide Audi Volkswagen with built-to-suit logistics centre in Korea
- Automotive manufacturer Audi Volkswagen recently entered into a strategic partnership with global forwarder Kuehne + Nagel for its warehouse management and parts distribution in Korea. Read Full News Here
from Express & Mail
* Germany - DHL Global Mail introduces enhanced parcel service to the UK
- DHL Global Mail this week announced the introduction of Track U.K., a residential parcel service between the US and the UK. Read Full News Here
* USA - UPS expands field stocking location network in India
- UPS this week announced plans to boost its worldwide post sales service options by “significantly expanding” its field stocking location network in India. Read Full News Here
* Italy - Italian company acquires Mail Boxes Etc international network
- A newly-formed affiliate of Italian group Fineffe has acquired the Mail Boxes Etc international network, making it the franchisor outside the US, Canada and India, UPS reported this week. Read Full News Here
from Road Freight
* USA - Freight transport index dropped 3.3% between February and March
- The US Freight Transportation Service Index fell to its lowest level in more than six years, the national Department of Transportation’s Bureau of Transportation Statistics reported this week. Read Full News Here
from Air Cargo
* USA - Atlas Air group announces record Q1 earnings
- Atlas Air Worldwide Holdings Inc, a leading provider of global air cargo assets and services, has reported its operating and financial results for the first quarter of 2009. Read Full News Here
* USA - ATSG unveils strong first quarter earnings
- Air Transport Services Group Inc, a leading US provider of air cargo transportation to other parties including DHL, this week reported 2009 Q1 net earnings of just over $11m. Read Full News Here
* Hong Kong - Air cargo handler reports 22.5% volume drop in April
- Hactl, whose throughput performance is widely regarded as a good indicator of the state of the overall Chinese air cargo market, this week released its April tonnage figures. Read Full News Here
from Shipping/Ports
* USA - DP World deal might herald wider logistics sector investment and consolidation
- DP World has temporarily suspended its shares on the Dubai stock exchange in response to a private equity company’s bid to acquire a stake in the port management group. Read Full Brief Here
* Dubai - DP World and Flinders Ports establish Adelaide JV
- DP World and Flinders Ports have entered a joint venture partnership in DP World Adelaide, South Australia’s main container terminal. Read Full News Here
* France - CMA CGM set to raise Asia-Mediterranean region rates
- CMA CGM has announced two planned developments next month relating to its Mediterranean region trades – a new service from/to north Europe and a hike in rates from/to Asia. Read Full News Here
Labels: transport and logistics news
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