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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
from Freight Forwarding
* Toll Group acquires leading NZ freight forwarder
- Toll Group has announced the acquisition of Express Logistics Group (ELG), one of New Zealand’s biggest freight forwarders. Read Full News Here
* Agility appointed for Abu Dhabi Grand Prix
- Agility has been appointed as the official customs clearing and on-site handling agent for the Abu Dhabi Grand Prix. Read Full News Here
* DHL invests in Melbourne logistics hub
- DHL has opened its new airfreight facility at Melbourne airport including two coolrooms designed to handle life science and perishables exports. Read Full News Here
* Danske Bank’s Europe index shows continued recovery
- Danske Bank’s European Freight Forwarding Index has shown a further pick up in October, indicating that recovery in the market is continuing. Read Full News Here
from Contract Logistics
* Ryder turns round contract logistics business
- US logistics provider Ryder System saw falls in profits in the third quarter of this year but it has managed to turnaround its contract logistics business. Read Full Brief Here
* Agility wins humanitarian aid contract
- Agility Defense & Government Services (DGS) has won a contract to manage the logistics of food aid and commodities for the U.S. Agency for International Development (USAID). Read Full News Here
* Kuehne + Nagel manages logistics for Nestlé Chile
- Nestlé Chile has chosen Kuehne + Nagel as the exclusive contract logistics service provider to manage its national distribution centres. Read Full News Here
from Road Freight
* The impact of the economic crisis on the European road haulage sector
- In a recent submission to an expert meeting organised by the European Commission’s Directorate-General for Energy & Transport on the impact of the economic crisis on the road haulage sectors, John Manners-Bell, Ti’s CEO, analysed the extent and impact of the downturn. Read Full Brief Here
* Leading US LTL player sees revenues down 19%
- Saia, Inc., a leading US less-than-truckload (LTL) carrier, has reported third quarter 2009 results, showing revenues falling to $222 million, a decrease of 19%. Read Full News Here
* Wincanton re-structures its German groupage operations
Wincanton has announced that it is restructuring its in-house groupage network in Germany and joining a new groupage co-operation. Read Full News Here
* UPS Freight improves service to Western Canada
- UPS Freight has announced improved transit times from western Canada to points across the United States. Read Full News Here
* Covenant Transportation revenues drop 28%
- Covenant Transportation Group’s total revenue decreased by 28.0% in the third quarter although there have been some positive signs. Read Full News Here
* Celadon revenue decreases 13%
- US logistics company Celadon Group Inc. has reported that revenue for its last quarter decreased 13.0% and income plunged. Read Full News Here
from Air Cargo
* Lufthansa posts disastrous cargo figures
- The latest quarterly reports from German airline Lufthansa illustrate how the deterioration in volumes is savaging the profitability of the air freight sector. Read Full Brief Here
* Panalpina and Atlas Air extend their cooperation
- Panalpina and its airline partner Atlas Air have renewed their cooperation agreement linking Europe, North America and Mexico. Read Full News Here
from Shipping/Ports
* OOCL announces rate increase
- Asia Pacific shipping line OOCL has announced the second phase of its ‘rate restoration programme’ Read Full News Here
* NOL performance reflects difficult market
- Global container shipping, terminals and logistics group Neptune Orient Lines (NOL) has announced a net loss for third-quarter 2009. Read Full News Here
from Intermodal
* Hub Group’s revenues continue to decline
- Hub Group, Inc., the largest intermodal marketing company in the United States, has announced that its revenue decreased 24.4% in the last quarter. Read Full News Here
(Picture from JOC: Mediterranean's line vessel)
Labels: transport and logistics news
posted by Unknown @ 5:12 AM
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