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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Panalpina - we won’t get involved in price war
- Presenting its results for the first half of 2009, Swiss-based freight forwarder Panalpina has claimed that the industry is involved in a ‘cut-throat price war’, in which it said it would not take part. Read Full Brief Here
* New report reveals extent of the freight forwarding market crisis
- New figures published today in Ti’s latest report, Global Freight Forwarding 2009, show the extent to which the freight forwarding market has shrunk in the first six months of 2009. Read Full Brief Here
* BDP acquires UK freight forwarder
- BDP International (BDP), the US logistics company, has acquired a UK-based freight forwarder as part of its strategy to increase its European operations. Read Full News Here
* Expeditors net revenues fall by 17%
- Expeditors has reported falling margins, as its revenues fall faster than its profits. However it says it will still not cut jobs. Read Full News Here
* FedEx expands global forwarding operation
- FedEx Trade Networks has announced it has expanded its global presence with new freight forwarding offices in Asia and Latin America. Read Full News Here
from Contract Logistics
* DSV revenues plummet but margins hold up
- European logistics provider DSV has seen revenues fall substantially although it has remained in profit with integration of ABX Logistics on-going. Read Full Brief Here
* Freight forwarding: In the eye of a recessionary storm
- With the downturn in international trade having severe repercussions for the freight forwarding industry, Ti’s latest feature, excerpted from its recently published report, Global Freight Forwarding 2009, highlights some of the key issues. Read Full Brief Here
* Logwin falls into loss
- Logwin AG (formerly Thiel Logistik) has released details of its performance in the first six months of 2009 showing the company fell sharply into loss. Read Full News Here
* DHL rolls out pan-European supply chain solution for Jaguar Land Rover
- DHL Supply Chain has launched a pan-European, in-bound logistics solution for automotive manufacturer Jaguar Land Rover (JLR). Read Full News Here
* Agility opens new hub in Malaysia
- Agility has opened a logistics hub close to Kuala Lumpur, boosting the company’s total warehousing capacity in Malaysia. Read Full News Here
* Pacer International reports loss in second quarter
- US Pacer International has fallen into loss in the second quarter with both Intermodal and Logistics divisions continuing to be affected by the slowdown. Read Full News Here
from Express & Mail
* Middle East logistics operator profit jumps
- Aramex has announced a significant rise in profits in the last quarter although it was not totally immune from the downturn reporting falling revenues. Read Full News Here
from Road Freight
* Troubles in US LTL market as YRC continues to suffer
- The prospects for YRC Worldwide, the market leading US ‘less than trailer load’ trucking company, seem to be deteriorating as it announced large losses last week. Read Full Brief Here
* Dentressangle signs UK union agreement
- Norbert Dentressangle has announced that union employees within its Transport Services division have voted overwhelmingly in favour of revised terms and conditions. Read Full News Here
* Al-Futtaim Logistics brings transport business in-house
- Middle East-based Al-Futtaim Logistics has announced that it is to bring its transportation business for container and trailers in-house. Read Full News Here
* US trucker files for bankruptcy
- One of the largest bulk carriers in the southeast of the USA has announced that it has filed for protection under Chapter 11 Bankruptcy. Read Full News Here
* APL Logistics and Con-way extend LCL service to Mexico
- APL Logistics and Con-way Freight have extended their less-than-container load (LCL) services from Asia to all major metropolitan markets in Mexico. Read Full News Here
from Air Cargo
* BA World Cargo figures released
- British Airways World Cargo has reported that its commercial revenue (flown revenue plus fuel surcharges) has fallen along with Cargo Tonne Kilometres. Read Full News Here
* Lufthansa Cargo announces new routes in America and Europe
- Lufthansa Cargo has added a range of destinations in the USA and southern Europe to its network in order to try and optimise opportunities in a difficult market. Read Full News Here
from Warehousing
* FedEx plans largest rooftop Solar Power System in US
- FedEx Ground has announced plans to install the US’s largest rooftop solar-electric system at a distribution hub in New Jersey. Read Full News Here
* AMB leases new facility in Japan
- AMB Property Corporation has leased more of its distribution centre development in Nagoya, Japan to Japanet Takata, a direct-marketing and TV-shopping company. Read Full News Here
from Shipping/Ports
* CMA CGM, Maersk and MSC rationalise US West Coast services
- CMA CGM, Maersk and MSC, the world’s three largest shipping companies, will reorganise 2 service loops between Asia and US West Coast. Read Full News Here
* NOL posts first half loss
- The NOL Group has reported a net loss for the first half of 2009 despite attempts to restructure operations, rationalise assets and reduce its workforce Read Full News Here
from Intermodal
* Groupe Eurotunnel to bid for Veolia Cargo’s French rail freight businesses
- Groupe Eurotunnel, the operator of the tunnel between the UK and France, has announced that it is bidding to purchase the French subsidiaries of Veolia Cargo. Read Full News Here
(Photo from unescap.org: Trans-Asian Railway)
Labels: transport and logistics news
posted by Unknown @ 4:57 PM
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