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TRUCKING INDUSTRY WORLDWIDE * Germany - Deutsche Post DHL Lost $123 Million
Express unit earns profit after restructuring charges; forecast improves
Frankfurt,Germany -The Journal of Commerce On Line (USA), by Bruce Barnard -Nov 5, 2009: -- Deutsche Post DHL lost $123 million in the third quarter, reflecting costs involved in DHL's exit from the U.S. domestic parcel delivery market and the bankruptcy of a major customer, German retailer Arcandor... Revenue fell 18.6 percent to $16.5 billion, and third quarter operating income fell to $340 million from $1.4 billion a year ago... Those results beat expectations and allowed the world's biggest logistics company to raise its profit forecast for the full year. The German mail and express delivery group said it now expects earnings before interest and tax to reach at least $2 billion this year against a previously forecast $1.76 billion as cost cuts counter slumping cargo volume... The global freight forwarding unit reported higher ocean and air cargo volumes but revenue shrunk 30 percent to $3.8 billion due to lower freight rates and fuel surcharges... (Photo by Arpingstone @ Flickr)* Switzerland - Panalpina Earnings Slump
Basel,Switzerland -The Journal of Commerce Online (USA), by Bruce Barnard -Nov 5, 2009: -- Pricing, capacity pressure cut into margins as forwarder gains market share... Panalpina, the Swiss global logistics and freight forwarding group, reported a sharp drop in third quarter earnings but said it boosted ocean and air freight market share on key trade lanes... Earnings before interest and tax fell to $10.7 million in the three months to Sept. 30 from $57.2 million a year ago while net forwarding revenue shrunk to $1.4 billion from $2.36 billion... Air cargo traffic rose 10 percent from the previous quarter and ocean freight by 13 percent but on a year-to-year basis were down by 25 percent and 18 percent respectively, the Basel-based company said... Nine month earnings fell to $40.7 million from $163 million and net forwarding revenue dipped to $4.3 billion from $6.5 billion in the same period in 2008... (Photo: Head office Panalpina World Transport (Holding) Ltd.) * UK - Morrison says double-deck trailers will cut C02
Bradford,UK -Road Transport, by Dominic Perry -4 November 2009: -- Supermarket giant Morrisons believes it will be able to save around 17,000 tonnes of CO2 per year through the use of double-deck trailers within its operation, Morrisons supply chain director Malcolm Basey reveals... He told the Institute of Grocery Distribution's Supply Chain Summit that the 17 trailers it already has in its network, which are used for internal trunking operations running between production sites and DCs, had improved load fill by 50%... The company has since hired a number of additional units, and is looking to test them on store deliveries... Although rivals such as Asda and Tesco have had some success using double-deckers, Basey said that Morrisons' bias towards food retail meant it cannot always make full use of the greater capacity...Labels: trucking industry news worldwide
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