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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
(Photo from JOC)from Freight Forwarding
* K+N sees growth, but margins drop
- Kuehne + Nagel has published its results for the first quarter of 2010 showing that it has returned to growth, although profitability has been affected by increasing rates. Read Full Brief Here
* Edge Worldwide Logistics secures £2m frozen produce deal
- UK chilled logistics specialist Edge Worldwide Logistics (EWL) has won a £2million deal to import frozen produce from China and the Far East to the UK. Read Full News Here
* DSV denies takeover rumours
- Danish-based logistics provider DSV has issued a statement denying rumours that its management is in talks with a possible buyer. Read Full News Here
* Odyssey Logistics acquires South Carolina forwarder IFI
- US-based Odyssey Logistics & Technology Corporation announced yesterday (April 22) that it had acquired International Forwarders Inc (IFI) in Charleston, South Carolina. Read Full News Here
* Dachser adds five new destinations to CEE hub coverage
- German international forwarder Dachser this week announced an expansion of operations at its key logistics hub for Central and Eastern Europe (CEE) in Bratislava, Slovakia. Read Full News Here
from Contract Logistics
* DHL sees growth in pharma products in Asia
- DHL has reported that it has seen a record number of movements of healthcare products in 2009 in Asia. Read Full News Here
* Interspor chooses CEVA in Turkey
- CEVA Logistics has signed a five year agreement with Interspor Dıs Tic. A.S., a leading fitness and sporting goods company in Turkey. Read Full News Here
* Ryder publishes 2010 first quarter figures
- Ryder System this week reported earnings per diluted share from continuing operations for Q1 2010 of US$0.24, compared with $0.20 in the year-earlier period. Read Full News Here
from Express & Mail
* Special briefing: Uncertainty grips European air express services
- Airlines and air express companies have implemented contingency plans to mitigate the effects of the flight bans imposed across most of Northern Europe as a result of the ash cloud. Read Full Brief Here
* DHL Chief Executive optimistic about economic recovery
- In a speech to the US Chamber of Commerce, Frank Appel, chief executive of Deutsche Post DHL said he is optimistic about initial signs of world economic recovery. Read Full News Here
from Road Freight
* Cargolux reports an "annus horribilis"
- Cargolux, Europe’s largest all-cargo airline, closed a difficult 2009 with an annual loss of US$153m. Read Full Brief Here
* US LTL companies reach agreement with Teamsters
- A new five-year National Master Freight Agreement covering ABF Freight System, Roadway Express, USF Holland and Yellow Transportation has received ratification. Read Full News Here
* Weekend lorry bans impact on ash contingency plans
- According to the UK’s Freight Transport Association (FTA), contingency plans for air cargo movements affected could be affected by European bureaucracy. Read Full News Here
* DB Schenker opens latest European land transport terminal
- DB Schenker this week announced the opening of the most modern forwarding terminal in its European land transport network in the Austrian town of Bergheim, near Salzburg. Read Full News Here
from Air Cargo
* Cargolux reports an "annus horribilis"
- Cargolux, Europe’s largest all-cargo airline, closed a difficult 2009 with an annual loss of US$153m. Read Full Brief Here
from Shipping/Ports
* Hamburg Süd 'defies crisis'
- German shipping line, Hamburg Süd, has said that despite the economic crisis, and making a loss, it has survived well in 2009. Read Full News Here
* Drewry indicates a "cautious recovery" for container shipping
- The latest quarterly Drewry Container Forecaster is "optimistic that a market recovery is under way" in the container shipping sector but warns that “the patient is not off the at-risk list yet”. Read Full News Here
from Intermodal
* Intercontainer-Interfrigo operates new overnight shuttle
- Intercontainer-Interfrigo SA, Basel, has started operating a new overnight shuttle service between Ulm and Melzo. Read Full News Here
* DB Schenker expands in South-East Europe
- DB Schenker has announced that it is expanding its services in land transportation in South-East Europe. Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 9:59 AM
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