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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
(Video from YouTube, by bugmenot101 -21 Nov 2006: Nice video capturing the life of a "Freight Dog" aboard the B747-200 Jumbo of Atlas Air Cargo)
from Freight Forwarding
* UPS names Stephen Flowers as President of Global Freight Forwarding
- UPS names Stephen Flowers, former head of the Americas Region, to president of UPS Global Freight Forwarding. Read Full News Here* Wincanton outlines debt reduction plan
- In its interim management statement Wincanton made debt reduction the company’s priority. The statement outlined Wincanton’s plans to reduce its debt by curtailing losses in underperforming businesses. Read Full News Here* Dachser opens branch in Luxembourg
- Dachser has announced the opening of a new branch in Luxembourg, reinforcing its position in the Benelux countries. Read Full News Herefrom Contract Logistics
* Bridgestone Europe renews DHL’s responsibility for tyre warehousing
- Bridgestone, a world leading tyre manufacturer, has renewed its contract with DHL Supply Chain in Jönköping, Sweden. The assignment, valid until 2013, includes warehousing and a number of value-added services such as assembling and studding of tyres. Read Full News Here* Honda extends contract with Bibby Distribution
- Bibby Distribution Limited has announced that it has extended its current contract with Honda and increased its delivery services of motorcycles. Read Full News Here* Competition authorities delay TDG acquisition
- It has been announced that the acquisition of TDG by Norbert Dentressangle will be delayed whilst European competition authorities review further information about the deal. Read Full News Here* Kuehne + Nagel establishes new automotive parts distribution centre in Vancouver
- Kuehne + Nagel has been awarded a three-year contract to manage the BMW Regional Distribution Centre in Vancouver servicing authorised dealers of Western Canada. Read Full News Herefrom Express & Mail
* UPS expects 2011 to be a “record-setting” year
- Impressively strong earnings for the fourth quarter and the full year 2010 were announced by an upbeat UPS earlier this week. Read Full Brief Here* UPS Express Freight Service expands into Israel and Slovakia
- UPS has expanded its Express Freight Service into Israel and Slovakia to target high-tech, industrial and automotive industries in the two countries. Read Full News Herefrom Road Freight
* LTL revenues benefit from improved pricing and increases in tonnage
- Trends noted in Q3 2010 continued into Q4 2010 for the Less-Than-Truckload (LTL) carriers as most carriers continued to focus on yields as opposed to market share. Read Full Brief Here* Jacobson Companies expands into Europe through partnership with Rhenus Logistics
- Jacobson Companies has formed a strategic partnership with Rhenus Logistics in which Jacobson will gain access to the European road transport network. Read Full News Here* Panalpina opens Chongqing branch
- Panalpina is expanding into western China by opening an office in Chonqging, following its Wuhan Centralised Services Centre and Chengdu office. Read Full News Here* Landstar System reports revenues of $587.5m in Q4 2010
- Landstar System, Inc. has reported 2010 fourth quarter net income of $24.1m, compared to net income of $18.6m, for the 2009 fourth quarter. Revenue for the 2010 fourth quarter was $587.5m compared to $547.7m in the 2009 fourth quarter. Read Full News Herefrom Air Cargo
* Hactl announces 8% growth in January tonnage throughput
- Hong Kong Air Cargo Terminals Limited (Hactl) has released its tonnage throughput for the first month of 2011, handling a total of 230,077 tonnes, representing a year-on-year growth rate of 8.2%. Read Full News Here* Global Semiconductor sales hit record $298.3bn in 2010
- The Semiconductor Industry Association (SIA) has announced that worldwide semiconductor sales for 2010 reached a record $298.3bn, a year-on-year increase of 31.8%. Read Full News Here* IATA reports strong 2010 but uncertain 2011
- The International Air Transport Association (IATA) reported full-year 2010 demand statistics for international scheduled air traffic that showed a 20.6% increase in freight business. Read Full News Here* Strong year for cargo at Budapest Airport
- Budapest Airport met its targets for cargo flown during 2010, carrying 82,638 tonnes and a total of 5,808 freighter movements in the year ending December 31. This represents a 32% increase over cargo tonnage flown and a 23% increase in freighter ATMs during 2009. Read Full News Herefrom Warehousing
* Con-way reports $4.95bn in revenue for 2010
- Con-way Inc. has announced its results for the fourth quarter of 2010 and its full year results, with revenue increases of 8.7% and 16%, respectively. Read Full News Herefrom Shipping/Ports
* Middle Eastern instability threatens more than Suez Canal
- Although supply through the Suez Canal seems assured, at least for the time being, what is more concerning for the logistics sector is the impact of political instability on the oil price. Read Full Brief Herefrom Intermodal
* Deutsche Bahn’s global strategy under threat from domestic pressure
- Deutsche Bahn is facing political pressure at home to focus investment on its domestic rail network. This may well shape its future as a global rail and logistics conglomerate. Read Full Brief Here* Roadrunner Transportation Systems announces acquisition of Morgan Southern
- Roadrunner Transportation Systems’ enters intermodal space through acquisition of Morgan Southern. Read Full News Here* BNSF announces $3.5bn Capital Commitment Programme
- BNSF to invest $3.5bn in capital improvements to improve operations efficiency. Read Full News Here Labels: transport and logistics news
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