* Germany - DHL Swings to Profit on Surging Volume, Rates
Bonn,Germany -The Journal of Commerce Online, by Bruce Barnard -Nov 9, 2010: -- Global economic recovery boosts express, freight, supply chain businesses... Deutsche Post DHL swung to profit in the third quarter after a year earlier loss. The change was driven by surging ocean and air cargo volumes and “extraordinarily high” freight rates... The German mail and logistics giant booked a net profit of $316.4 million in the three months to the end of September compared with a $116.2 million loss in the same period in 2009... The Bonn-based company's revenue grew 13.9 percent to $17.9 billion... Deutsche Post lifted its full year profit forecast to $2.8 billion - $2.9 billion from $2.66 billion - $2.9 billion and said it expects earnings to grow through 2011... Deutsche Post attributed its third consecutive quarterly profit to the impact of the global economic recovery on DHL's express, ocean and air transport and supply chain management businesses...
* Australia - Logwin expands Australian network
Tullamarine,Victoria,Australia -Eye for Transport -Nov 10, 2010: -- 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 Western Australia... Located near Perth International Airport, the new facility enables Logwin to deliver a wide range of timely value-added freight and logistics solutions... Perth is a gateway for Western Australia, which has been the focus of an economic boom focused on the mining and oil & gas industries. At the same time there has been a significant corresponding growth in demand for logistics and distribution services across a broad range of industries... The city of Perth is also close to emerging markets in Asia and in the same time zone as Singapore, Hong Kong and Shanghai... Logwin provides air and ocean freight and logistics services, Customs clearance and consultancy as well as warehousing and distribution, across the country... (Photo from transportweekly)
* Australia - Ship operators fed up with congestion at Sydney container terminal
Sidney,NSW,Australia -eyefortransport -Nov 10, 2010: -- According to Shipping Australia CEO Llew Russell, there have been serious delays - again - at DP World's container terminal in Port Botany, following the introduction of a new IT system... Russell said that the new IT system appears not to have been trialled in terms of parallel testing, which raises the question of why a new computer system would be introduced during the peak season for containers being imported through Sydney... He added that ship operators are incurring massive fuel bills because of the need to speed up vessels in the hope of returning to some resemblance of their original sailing schedule and to avoid a snowballing effect of delays around the Australian coast and overseas ports, as well as additional costs such as those arising from missing canal bookings... He said that while its members are certainly willing to work with all stakeholders in trying to resolve a problem that has now been going on for far too long, Shipping Australia's ability to assist appears to be fairly limited in the current circumstances... (Photo from aecom: Ports Botany's aerial view)
Labels: trucking industry news worldwide
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