TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
(Photo from JOC)
from Freight Forwarding
* Air cargo growth still double digit, but rate slows
- International air cargo growth in September was strong, although weakening from its high level earlier in the year. Read Full Brief Here* TDG expands in Indian sub-continent
- TDG has entered a strategic agency agreement with John Keells Holdings to cover freight forwarding services between Europe and India and Sri Lanka. Read Full News Here* Allcargo Global Logistics Limited continues on its expansion
- Allcargo Global Logistics Ltd has announced an acquisition valued at approximately $22m in Hong Kong based companies engaged in NVOCC business. Read Full News Herefrom Contract Logistics
* Ryder sees good profits but costs are growing
- Ryder, the Miami-based 3PL, has continued its recovery although results have not been as strong as others reporting so far this quarter. Read Full Brief Here* Menlo Announces Extension to Service provision for Dana Holding Corporation
- Menlo Worldwide Logistics has announced that it has expanded its services with Dana Holding Corporation to provide logistics services to the company’s 19 manufacturing plants in Europe. Read Full News Here* Greenbriar Equity Group Acquires Stake in GENCO ATC
- Greenbriar Equity Group LLC announced its Greenbriar Equity Fund II L.P. and affiliated investment entities have made an investment in GENCO Supply Chain Solutions. Read Full News Here* Nobert Dentressangle announces revenues of €2.1bn for the first nine months of 2010
- In the first nine months of 2010, Norbert Dentressangle’s consolidated revenue totalled €2.1bn, up 4.1% versus the prior year period. Read Full News Here* CEVA renews its partnership with Miele in Italy for a further three years
- CEVA Logistics has signed a three year renewal, worth €2.5m per annum with Miele, a manufacturer of household appliances. Read Full News Here* DHL and Shanghai Lingang Group sign Partnership Agreement
- DHL Global Forwarding (China) Co. Ltd has signed a partnership agreement with state-owned enterprise Shanghai Lingang Free Trade Port Economic Development Co. Ltd. Read Full News Herefrom Express & Mail
* Breaking News: UPS planes involved in bomb scares
- Three UPS aircraft have been involved in bomb scares at airports in Newark, Philadelphia in the US and at East Midlands airport in the UK. Read Full Brief Here* TNT starts dedicated freighter service between Chongqing and Europe
- TNT Express announces a direct scheduled B747 service between Chongqing in Western China, and Europe, through TNT’s Liege hub. Read Full News Here* Aramex reports third quarter net profit of AED46.7m
- Aramex has announced its results for the three months ended September 30, 2010 with net profits of AED46.7m for the third quarter of this year, an increase of 12% compared to AED41.7m posted in the corresponding period of 2009. Read Full News Here* FedEx Inaugurates New Solar-Powered Hub at Cologne Bonn Airport
- FedEx Express joined with Cologne Bonn Airport in Germany to inaugurate the new FedEx Central and Eastern Europe hub. Read Full News Herefrom Road Freight
* DB Schenker announces new brand for Spanish market
- The DB Schenker Logistics organisation in Spain has announced a new brand called “DB Schenker Spain-Tir” which will be the sole brand for all of the services and products provided in Spain. Read Full News Here* Yemen bombs prompt review of security by regulators
- The discovery of bombs aboard a number of aircraft carrying cargo from Yemen will have major implications for the air freight business as regulators seek to increase security measures. Read Full Brief Here* South America air cargo special: LAN Airlines experiences success in booming economy
- LAN Airlines, one of the largest airlines in South America, is taking advantage of the booming economy and growing trade with Asia to dominate the region's air cargo sector. Read Full Brief Here* British Airways World Cargo announces half year financial results
- British Airways World Cargo has reported commercial revenue of £350.2m for the first half of the financial year beginning April 1, 2010. Read Full News Herefrom Warehousing
* AMB leases first facilities in Brazil
- AMB Property Corporation has announced leases in Brazil totaling 563,100 square feet. Read Full News Here* ProLogis Signs 337,000 Sq Ft Expansion Agreement with Bay Valley Foods
- ProLogis has announced it signed a fourth-quarter build-to-suit expansion agreement for 337,000 sq ft with Bay Valley Foods. Read Full News Herefrom Shipping/Ports
* CMA CGM announces new call in Vietnam
- CMA CGM has announced the introduction of a new direct call to Vietnam on its FAL3 service: Asia - Northern Europe. Read Full News Here* Port of Rotterdam continues growth
- Goods throughput in the Port of Rotterdam continued to increase over the first nine months of 2010. Read Full News Herefrom Intermodal
* US rail results confirm robust demand
- The latest quarterly results from the North American rail companies confirm the picture of a rail sector experiencing a steady growth in demand. Read Full Brief Here* Kuehne + Nagel extends logistics capacities in Catalonia
- Kuehne + Nagel has opened a new facility in Barcelona to serve as a transhipment platform for the Group’s growing activities in the field of international transport and as a multi-user warehouse. Read Full News Here Labels: transport and logistics news
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