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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
(Photo from JOC)
from Freight Forwarding
* Forwarding drives Deutsche Post DHL
- Deutsche Post DHL has reported good figures for the second quarter 2010 driven by a very strong performance in freight forwarding. Read Full Brief Here
* Agility launches in Cambodia
- Agility has announced the official commencement of operations in Cambodia with the opening of an office in Phnom Penh. Read Full News Here
* Panalpina settles civil complaint in US
- Swiss-based logistics provider Panalpina has said it has settled a corruption case in the US. Read Full News Here
* DHL ready for TSA's August 1st cargo screening mandate
- DHL has met the mandate set by the Transportation Security Administration to screen all cargo that is transported on passenger aircraft in the United States. Read Full News Here
* 'Boring consistency is what we do best' says Expeditors' Rose
- Expeditors International of Washington, Inc. has announced record net earnings of $90.3m for the second quarter of 2010. Read Full News Here
from Contract Logistics
* Panalpina still burdened with legal problems despite buoyant market
- Record air freight volumes drove revenue growth for Panalpina whilst profit margins recovered in the first half of 2010, however its legal problems continued to drag it down. Read Full Brief Here
* Wincanton sells recycling activities
- Wincanton has announced the disposal of its recycling business to Sims Group UK Limited by way of an asset sale. Read Full News Here
* Hellmann Healthcare Logistics announces JV in Dubai
- In a strategic joint venture with Indian based Calipar (Parekh Group), Hellmann has selected Dubai as the location for its newly dedicated Healthcare Hub. Read Full News Here
* Pakistan Red Crescent relief distributions continue
- The toll from Pakistan's worst floods in living memory continues to climb, with official sources putting the number of dead at more than 1,500. Read Full News Here
* Logwin’s Air & Ocean division drives revenue
- Luxembourg-based logistics company Logwin has benefited from a rebound in the freight forwarding sector and its focus on contract logistics. Read Full News Here
from Express & Mail
* TNT's profits and revenues up; confirms separation of Express & Mail
- At the release of its interim results, TNT announced that it is continuing with its plan to separate its Mail and Express businesses. Read Full Brief Here
* UPS opens new facility in Portland
- UPS has announced it is opening a large, modern package sorting and delivery facility in Portland, USA. Read Full News Here
from Road Freight
* Old Dominion encouraged by second quarter results
- Old Dominion Freight Line, Inc. saw revenues and net income increase strongly in the second quarter of its financial year. Read Full News Here
* Quality Distribution positive earnings trend continues
- US logistics company Quality Distribution, Inc. has reported revenue up 18.5% in the second quarter. Read Full News Here
* Dentressangle appointed by wine producer
- Norbert Dentressangle Transport Services has been appointed by leading French fine wine specialists NICOLAS. Read Full News Here
* Unite warns of UK industrial action for tanker drivers
- The UK's major oil companies and retailers have been warned by Unite the union that they face industrial action from their delivery drivers. Read Full News Here
* YRC Worldwide tonnage up 11%
- US trucking company YRC Worldwide Inc has reported a much better performance in the second quarter of the year, although this has put pressure on liquidity. Read Full News Here
* Con-way's revenue jumps by almost a quarter
- US transportation and logistics company Con-way Inc has seen revenues grow quickly in the second quarter, but operating income has slumped. Read Full News Here
from Air Cargo
* Hactl announces July tonnage up over a quarter
- Hong Kong Air Cargo Terminals Limited (Hactl) has reported a year-on-year growth of 27.7% in July. Read Full News Here
from Warehousing
* AMB Property sees rents stabilise in China
- AMB Property Corporation says it is beginning to see rents stabilize in the eastern and southern markets of China. Read Full News Here
Labels: transport and logistics news
posted by Unknown @ 6:08 AM
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