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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
(Photo from JOC)
from Freight Forwarding
* Expeditors reaps benefits of 'no lay-off' strategy during recession
- Expeditors International of Washington has reported impressive third quarter revenues showing its strategy of ‘no lay-offs’ during the downturn has paid off. Read Full Brief Here* DHL expands Asia LCL offering with new Shanghai to Tokyo service
- DHL has announced a significant expansion of its intra-Asian services with the launch of a direct service for LCL (Less than Container Load) between Shanghai, China, and Tokyo, Japan. Read Full News Here* Norbert Dentressangle acquires Schneider Logistics' international freight forwarding business
- Norbert Dentressangle has announced that it has completed the acquisition of Schneider Logistics' international freight forwarding activity in the United States and China.
* Panalpina resolves Foreign Corrupt Practices Act cases with U.S. authorities
- Panalpina has announced the final resolution of claims against it arising from an investigation by the U.S. Department of Justice and U.S. Securities and Exchange Commission for violations of the U.S. Foreign Corrupt Practices Act. Read Full News Herefrom Contract Logistics
* British Airways World Cargo renews contract with Norbert Dentressangle
- British Airways World Cargo has renewed its contract with Norbert Dentressangle for a further five years. Read Full News Herefrom Express & Mail
* TNT Express strong, but mail volumes continue decline
- Dutch mail and express company TNT has posted its third quarter results. Reported revenues increased by 11.4% to €2,766 million, primarily due to higher revenues from Express. Read Full Brief Here* FedEx Express to Acquire AFL Pvt. Ltd. Businesses
- FedEx Corp has announced that its FedEx Express business unit will acquire the logistics, distribution and express businesses of AFL Pvt. Ltd and its affiliate, Unifreight India Pvt. Ltd.
* TNT sells its 50% stake in Redmail in Austria to Styria Media Group
- TNT has announced it has signed an agreement to sell its 50% stake in Redmail to Styria Media Group. Read Full News Herefrom Road Freight
* US Trucking companies seek to improve yields in uncertain market
- With the majority of major US trucking companies reporting positive third quarter earnings, distinct trends are emerging for Truck-Load (TL) and Less-Than-Truckload (LTL) carriers. Read Full Brief Here* Questions remain over YRC Worldwide's long term viability
- Financially troubled YRC Worldwide, one of the largest transportation providers in the United States, is still making losses, although at a lower rate than previously. Read Full Brief Here* Eddie Stobart Secures Finance from Barclays Corporate For New Fleet
- Barclays Corporate Asset Finance has announced it has provided funding for Eddie Stobart Limited to make a significant addition to its trailer fleet. Read Full News Here* ABF Files Legal Actions Against Teamsters, YRC Companies
- ABF Freight System Inc has filed legal actions against the International Brotherhood of Teamsters and other parties including several YRC Worldwide subsidiaries for violation of the National Master Freight Agreement. Read Full News Herefrom Air Cargo
* 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* Hactl sets new tonnage records in October
- Hong Kong Air Cargo Terminals Limited has released its tonnage figures for October 2010 with a total of 260,622 tonnes handled in October. Read Full News Here* FedEx launches second Boeing 777F route in China
- FedEx Express has launched its second route using the New Boeing 777 freighter to meet growing demand in Southern China. Read Full News Here* British Airways World Cargo renews contract with Norbert Dentressangle
- British Airways World Cargo has renewed its contract with Norbert Dentressangle for a further five years. Read Full News Here from Warehousing
* Agility and Linfox Logistics form alliance in Australia
- Agility and Linfox Logistics have formed an alliance to focus on providing logistics solutions to major oil, gas and mining projects, primarily in remote areas of Australia. Read Full News Herefrom Shipping/Ports
* Panalpina reports profits this quarter but sees demand moderating
- Panalpina has reported profits, revenue and volumes up in the third quarter 2010 and the forwarder is cautiously optimistic about prospects for the near term. Read Full Brief Here* Logwin opens Perth office to expand Australian and regional networks
- Logwin has opened a new office in Perth, expanding the company’s countrywide and regional network and providing additional support and services to customers in economically vibrant Western Australia. Read Full News Here* ZIM sells its container terminal in Nigeria for $154m
- ZIM has announced that it has signed a deal to sell its stake in TICT (Tin-Can Container Terminal), sign a 10-year agreement with the terminal for vessels’ calls in Lagos and sell additional rights in connection with the asset. Read Full News Herefrom Intermodal
* Pacer International Reports Third Quarter and Year to Date Results
- Pacer International Inc has reported financial results for the three- and nine-month periods ended September 30, 2010. Read Full News Here* USA - FedEx SmartPost to drive busiest day in company history
* Dec. 12th, 2005 - 9.8 million shipments
* Dec. 14th, 2009 - 14.2 million shipments* Dec. 13th, 2010 - 16 million shipments projected
Labels: transport and logistics news
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