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TRUCKING NEWS WORLDWIDE
* USA - FedEx Reports $876 Million 4Q Loss - Fiscal Year Profit Falls 91%
Memphis,TENN,USA -Transport Topics -17 June 2009: -- FedEx Corp. said Wednesday it lost $876 million in its fiscal fourth quarter, due largely to one-time charges totaling $1.2 billion... Revenue totaled $7.85 billion, down 20% from the previous year... FedEx said earlier this month that it would report $1.2 billion in charges for its fourth quarter. Among those charges were $885 million related to its acquisitions of Kinko's Inc. and Watkins Motor Line, Bloomberg reported... In a June 3 filing, company blamed the decline in financial performance of the assets on “weak economic conditions.”...* Australia - CEVA Logistics Wins New Contract with Spotlight
Australia -Logistics (Australia) -16 June 2009: -- CEVA Logistics, one of the world’s leading supply chain companies has won a significant contract to manage all inbound international freight and the domestic delivery of product to 88 Spotlight stores across Australia... Spotlight is Australia's largest chain of Fabric, Craft and Home Interior Superstores, with over 100 stores in the country and a presence in New Zealand, Singapore and Hong Kong... Spotlight now joins an impressive list of some of Australia’s leading brands, including Caltex, BP, Bunzl, Foodworks and Reader’s Digest who are receiving the benefits of CEVA’s integrated service capability... (Photo from AFP, by Greg Wood The TWU wants Patrick to set up facilities for waiting truck drivers to offload their deliveries)
* USA - Ryder Reaches Pallet Logistics Deal
Miami,FL,USA -Transport Topics -17 June 2009: -- Ryder System said that it had reached an agreement with Intelligent Global Pooling Systems to manage the flow of plastic pallets... iGPS builds and manages a pool of lightweight plastic pallets embedded with radio frequency identification to allow for easier tracking of shipments, Ryder said last week... Ryder, Miami, does business in full-service truck leasing, dedicated contract carriage and third-party logistics... Ryder said it had signed a multiyear contract with iGPS, Orlando, Fla., to provide logistics services to manage the flow of up to 175 million pallets each year...* USA - Schneider National expands fuel-hauling service capabilities
Green Bay,WIS,USA -Bulk Transporter -Jun 15, 2009: -- Schneider National Inc is quickly becoming a “go-to” carrier for fuel customers. Since launching the new service in 2008, Schneider has expanded its fleet capacity and extended its service area to include additional locations throughout the Midwest, Southeast, and the southern coast, and is considering additional expansion in the Northeast in the near future... The firm’s flexible business model means there are ample supplies of properly trained drivers and equipped tankers that can be deployed in short order. Availability of the entire Schneider enterprise allows them to extend the geographic reach for critical seasonal pushes for many industries with special petroleum delivery needs... (Photo from wikipedia: Schneider National Headquarters)
Labels: trucking industry news worldwide
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