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Feb 24, 2011

TRANSPORT & LOGISTIC NEWS * WORLDWIDE

Briefing Weekly News


* FedEx Express adds early-morning freight delivery
- FedEx has announced additional service enhancements to FedEx 2Day A.M. and improvements to FedEx First Overnight. FedEx Express adds early-morning freight delivery. Read full news here.

* CMA CGM’s container ships enter the cruise market
- CMA CGM has expanded the job description of its container vessels to include "cruise ship", and now offers travellers the opportunity to discover the world of merchant shipping. Read full news here.

* Flynt Group rebrands as Barloworld Logistics
- Hong Kong-based Flynt International Forwarders and its group companies have been consolidated and rebranded as Barloworld Logistics. Read full news here.

* New / adjusted ocean services
- K-Line announces new Asia - South America East Coast service; CKYH Alliance switches from Panama to Suez on Far East - US East Coast service. Read full news here.

* News from GAC
- GAC India launches GAC CONSOLE service to boost India - Far East trade; GAC extends global agency network to The Bahamas. Read full news here.

* Panalpina acquires Norway-based Grieg Logistics
- The Grieg Group has announced the sale of its shares in Grieg Logistics to Panalpina for an undisclosed transaction price. Read full news here.

* SR Technics renews Kuehne + Nagel’s contract for five years
- SR Technics has renewed its contract with Kuehne + Nagel in the field of aviation logistics for another five years. Read full news here.

* Damco opens new office in Le Havre port
- Damco has opened its third office in France, in the port of Le Havre, to position itself to compete against other freight forwarding companies in the area. Read full news here.

* Kirby agrees to acquire United Holdings for $270m
- Kirby Corporation has signed an agreement to purchase United Holdings for a base purchase price of $270 million in cash (before post-closing adjustments), plus a three-year earn-out provision for up to an additional $50 million payable in 2014. Read full news here.

* PPG expands global footprint
- Heavy-lift freight forwarding network, the Project Professionals Group, has strengthened its global footprint with several new appointments. Read full news here.

* OOCL launches new Atlantic Gulf Mexico (AGM) service
- OOCL will launch its new Atlantic Gulf Mexico (AGM) service on February 22nd, to be operated in cooperation with CMA CGM's Victory Bridge service. Read full news here.

* VCK acquires 50% stake in Compass Holding
- Netherlands-based VCK Holding has acquired a 50% stake in Düsseldorf, Germany-based Compass Holding. Read full news here.

* Dachser sets up joint venture in South Africa
- Dachser is further expanding its intercontinental network with a joint venture in South Africa. Read full news here.

* DHL opens new office in Cambodia
- DHL has opened the new premises for its Global Forwarding arm in Phnom Penh, Cambodia, which will serve as a DHL Fashion & Apparel Centre of Excellence to support the established textile and garments industry in Cambodia, and will also boost DHL's services to customers in the oil & energy sector. Read full news here.

* Maersk orders ten Triple-E mega-ships
- Maersk Line has signed a contract for ten of the world's largest, most efficient container vessels, with an option to buy another twenty. Read full news here.

* Ferrovial concludes Swissport sale
- Following the announcement in November, Spain's Ferrovial has successfully completed the €695 million sale of Swissport to French private equity firm PAI Partners. Read full news here.

* CEVA launches cross-border road freight solution in Asia
- CEVA Logistics has launched a cross-border road freight solution in South East Asia, providing an integrated, cost effective and seamless service from Singapore through Malaysia, Thailand and Vietnam to China. FedEx Express adds early-morning freight delivery, Read full news here.

* Freightgate and PayCargo form alliance
- Freightgate and PayCargo have announced an alliance to deliver solutions that automate the validation and settlement of invoices for the ocean transportation industry, enabling shippers to simply ship, click and pay. Read full news here.

* England Logistics acquires TMS Technologies
- England Logistics has acquired Alma, Michigan-based logistics technology development company, TMS Technologies. Read full news here.

* DHL announces three new business deals
- DNVPS and Barclays go green with DHL; the Gewandhaus Orchestra Leipzig appoints DHL as official logistics partner. Read full news here.

* Recently awarded contracts
- Damco provides ocean freight services to NOFE; Weber wins distribution contract with e-BI. Read full news here.

* DHL Express receives multi-site ISO 9001 certification
- DHL Express has now obtained ISO 9001 quality management certification from the International Organisation for Standardisation for all its US and European locations, including service centres, gateways and hubs. Read full news here.

* Aramex acquires two companies in Kenya
- In line with its commitment to expand its footprint in emerging markets, Aramex has acquired Kenya-based OneWorld Courier and In-Time Couriers. Read full news here.

* OHL forms JV in Brazil with Tercex Logistica Internacional
- OHL has formed a strategic Joint Venture with Sao Paulo-based Tercex Logistica Internacional, with locations in Rio de Janeiro, Santos and Viracopos. Read full news here.

* FedEx unveils “green” data centre in Colorado Springs
_ FedEx has officially opened its first environmentally sustainable data centre, located adjacent to the FedEx Rocky Mountain Tech Centre in Colorado Springs. Read full news here.

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