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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
(Photo from JOC)from Freight Forwarding
* Expeditors ‘suffers’ from Asia-Pacific boom
- Expeditors International announced higher results for the quarter but saw costs soar in parallel with demand, depressing profitability in some regions. Read Full Brief Here
* European Forwarding Index at all time high
- Danske Bank’s European Freight Forwarding Index has set another record for the second month in a row. Read Full News Here
* DHL invests in Pakistan
- DHL has announced an investment of $9 million to strengthen its freight forwarding and supply chain operations in Pakistan. Read Full News Here
* DHL adds freight services from India
- DHL has announced the opening of its new ocean freight terminal in Cochin and the launch of new weekly direct Less than Container Load (LCL) services. Read Full News Here
from Contract Logistics
* Kuehne + Nagel manages supply chain for Ripley
- Ripley, one of Chile’s top retailers of apparel, accessories and home products, has chosen Kuehne + Nagel as provider for their global order management. Read Full News Here
* DB Schenker expands logistics facility in Russia
- DB Schenker has announced that it has significantly increased the storage and handling capacity at its Lvovsky site, south of Moscow. Read Full News Here
* Kuehne + Nagel opens new logistics complex in Bogota
- Kuehne + Nagel has opened a new facility near the Colombian capital city, Bogota. Read Full News Here
* Bibby Distribution acquires UK distribution company
- UK logistics provider Bibby Distribution has completed the acquisition of Taygroup Ltd, a leading distribution group. Read Full News Here
from Express & Mail
* TNT enjoys strong first quarter
- TNT has reported strong figures in its first quarter. The express and mail operators was helped by customer re-stocking. Read Full Brief Here
* UPS forms alliance with Alibaba.com
- UPS has formed a strategic alliance with AliExpress, a new online wholesale marketplace launched by Alibaba.com. Read Full News Here
from Road Freight
* Decreasing supply aids US transport recovery
- The American transport economy is creeping back towards growth and the recovery for logistics companies is being boosted by a reduction in supply. Read Full Brief Here
* ATA Truck Tonnage Index rises in March
- The American Trucking Associations’ For-Hire Truck Tonnage Index makes strong year-on-year progress. Read Full News Here
* YRC Worldwide reduces losses in first quarter
- YRC Worldwide Inc., the embattled US trucking business, has reported revenues slashed compared to last year, but its operating losses have reduced. Read Full News Here
* Stronger volumes drive earnings at Quality
- US logistics company Quality Distribution, Inc. has reported that it has bounced back into profit in the first quarter of 2010. Read Full News Here
from Warehousing
* Rhenus to build bonded warehouse in Russia
- The Rhenus Group is to construct its own bonded warehouse near the Russia border in the Smolensk region. Read Full News Here
from Shipping/Ports
* Maersk introduces new Nigeria service
- Maersk Line has introduced a new direct service from the Far East to Tin Can Island, Nigeria. Read Full News Here
* CMA CGM optimistic about future despite huge losses
- France-based CMA CGM, the world’s third largest container shipping group, has revealed that the group’s consolidated revenue declined by 30% in 2009. Read Full News Here
from Intermodal
* DB Schenker opens terminal in Sofia
- The new DB Schenker logistics terminal near the Bulgarian capital of Sofia is now fully operation. Read Full News Here
Executive Moves
* DHL appoints Country Manager for DHL Global Forwarding Sri Lanka
* APL Logistics Appoints New South Asia Managing Director
* Norbert Dentressangle appoints new Senior Sales Manager
* YRC Worldwide Announces Election of Five New Board Members in Planned Transitio
Labels: transport and logistics news
posted by Unknown @ 5:23 AM
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