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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
* trans-o-flex expands transhipment capacity in Germany and the Netherlands
- trans-o-flex Schnell-Lieferdienst has announced it will be expanding its transhipment capacity in Germany and the Netherlands. For this purpose, the new sites in Bergkirchen to the west of Munich and Trebbin in Brandenburg will start operating on September 3. Read More...
* CSX announces capacity project to extend National Gateway further into Ohio
- CSX has announced that a $59m intermodal freight terminal expansion is underway in Columbus, Ohio (US). Read More...* Penske Logistics South America expands consumer business with LG Electronics
- Penske Logistics has announced a contract with LG Electronics Brazil to offer expanded warehouse and dedicated distribution services. Penske Logistics will aid LG in the Brazilian distribution of consumer products such as televisions, DVD players, washing machines and refrigerators. Read More...* Panalpina introduces a new Intra Asia service
- Panalpina has announced a new Intra Asia road transport solution, connecting China, including Western China, with Vietnam, Laos, Thailand, Malaysia and Singapore. Read More...* FedEx Freight expands service in Mexico
- FedEx Freight, a subsidiary of FedEx Corp., will now serve three additional markets in Mexico. Read More...* CMA CGM reports half year revenue increase of 8%
- CMA CGM has reported revenue of $7.3bn for the first six months of 2011, an increase of 8% compared with the year-earlier period. Business benefited from an increase in volumes carried and stable freight rates on most of the Group's lines. In all, more than 4.8m TEU were carried over the period, a 9.1% increase. Read More...* APM Terminals to build largest infrastructure project in Costa Rica's history
- APM Terminals has signed a $992m 33-year concession contract with the Costa Rican Government to design, finance, construct, operate and maintain the new Moin Container Terminal (TCM) on the Caribbean coast. 80% of the country's commerce is handled in the current port complex of Puerto Limon/Moin. Read More...* Leading freight forwarders increase market dominance
- The freight forwarding industry has historically been a fragmented one. Small 'local heroes' based in one location could compete with larger forwarders by using their agility and industry knowledge. There has been the implication that this is changing. Read More...* Lenovo, Intel & Epson Supply Chain Executives Discuss Challenges Facing Hi-Tech Industry
- Senior supply chain executives from Intel, Lenovo & Epson discussed challenges facing hi-tech supply chains, and obstacles facing hi-tech distribution in APAC in a Q&A discussion with eyefortransport. Read More...* Zim records $1bn in revenue for Q2 2011
- Zim's revenues in the quarter totalled $1bn compared with $912m in the first quarter and $933m in the same quarter of last year, an increase of 10% compared with the first quarter of this year and 7% compared to the 2010 quarter. Read More...* Goodman announces Japan development pipeline with Osaka Bay development site
- The Japan logistics market is being influenced by a number of trends, including ageing logistics stock, demand for larger facilities due to consolidation, and an undersupply of high quality, modern logistics facilities. Read More...* Henry Wong, OOCL's Director of Corporate Logistics and Fleet Management to retire
- Henry Wong, currently the Director of Corporate Logistics and Fleet Management, will retire from the company on October 31, 2011. Read More...* Teardrop trailers help tradeteam bridge the gap to greener city deliveries
- Tradeteam is investing in 60 new 'teardrop' trailers. The investment forms part of Tradeteam's Secondary Distribution fleet replacement programme.The decision follows the addition last year of 113 teardrop trailers to Tradeteam's Primary Distribution fleet, as part of its company-wide Go Green commitment. Read More...* UPS purchases 100 all-electric vehicles for California deployment
- UPS announced the purchase of 100 all-electric delivery vehicles for deployment in California, bolstering UPS's efforts to reduce the emissions of its truck fleet and improve its energy security. Read More...* India announces plans for new ports as delays and backlogs mount
- India is suffering growing pains as global demand for its agricultural and manufacturing goods is greater than its transportation infrastructure can handle. This is most evident in the country's ports network. 90% of India's international trade by volume is transported by sea; however, the ports are unable to keep up with demand. Read More...* Kuehne + Nagel appoints new Regional Manager for North West Europe
- As of October 1, 2011, Kuehne + Nagel has appointed Yngve Ruud as Regional Manager North West Europe. He will succeed Tim Scharwath, who will become a member of the Management Board of Kuehne + Nagel International AG effective September 1, 2011. Read More...* Prologis announces sale of 2.8m sq ft portfolio to Clarion Partners
- Prologis, Inc., has announced the successful sale of a 2.8m sq ft industrial portfolio for an aggregate price of approximately $118m to Clarion Partners. Read More...* CEVA and Suzuki continue relationship with €7.9m distribution contract in the UK
- CEVA Logistics has been awarded a three year, €7.9m contract to manage Suzuki's nationwide distribution of aftermarket vehicle and marine parts. On behalf of Suzuki, CEVA will continue to deliver over 2m parts per year. Read More...* APL introduces new service linking Central and South America
- APL has introduced a new service to expand its presence in Latin America. The new West Coast Express (WCX) service replaces the current Panama Andean Express 2 service. The new service is a vessel sharing agreement with Hamburg Süd. APL will operate two vessels and Hamburg Süd will operate one vessel, each with a nominal capacity of 1,300 TEU. Read More...* Toll reports 18% sales revenue increase for the year ended June 30, 2011
- Toll Group has reported sales revenue of A$8.2bn for the year ended June 30, 2011, up 18% on the prior year. Total operating profit (EBIT) was A$436m, up 7%. Net profit after tax was A$295m, up 4%. Read More...* Baltic growth shines in gloomy economy
- Whilst the three major economies of Europe may be becalmed over the next quarter or two, there are still parts of parts of Europe that are growing vigorously. In particular, the Baltic region is seeing double digit growth in volumes, driven both by the strength of the Scandinavian and Baltic states' economies as well as that of the volatile Russian market. Read More...* US Postal Service ends LTL trial as it seeks approval for cost-cutting measures
- The US Postal Service (USPS) is on track for another year of financial losses. For fiscal year 2010, the Post Office recorded losses in excess of $8bn and so far this year, it has reported almost $6bn in losses. The postal service, which receives no taxpayer funds to pay for operating costs and relies on sales of postage and other products, has struggled with a steep decline in mail volumes as consumers increasingly use email and pay bills online. The drop-off was also exacerbated by the economic recession. Read More...* TMSi Logistics Announces Acquisition of Griffin Global Logistics
- TMSi Logistics, a leading distribution, technology, and integrated logistics provider, is pleased to announce the acquisition of Griffin Global Logistics, a third-party global supply chain company that offers international and domestic transportation, customs brokerage and compliance, supply chain management, multi-client warehousing and distribution, and information technology services. Read More...* Gordon Trucking purchases Buske Lines
- Gordon Trucking Inc has announced the acquisition of Midwest trucking company Buske Lines Inc., currently headquartered in Edwardsville, Illinois. Read More...* Jim Barber named President of UPS Europe
- UPS has appointed Jim Barber, a 26-year UPS veteran, its new president of the UPS Europe region with responsibility for Europe, the Middle East and Africa. Read More...* Damco reports positive 2011 half year results
- Damco, the freight forwarding and supply chain management solutions company, reported improved operations and year-on-year results in both 2009 and 2010, and has now announced continued progress moving into the second half of 2011, despite increasingly challenging conditions in the global freight markets. Read More...* Kerry Logistics targets automotive sector at new Hefei Logistics Centre
- Kerry Logistics has opened a new 20,000 sq m logistics centre in Hefei, China to focus on the growing automotive industry sector in Anhui Province. Read More...* European road freight rates at highest level in three years
- The latest edition of 'Transport Market Monitor', published by Transporeon and Capgemini Consulting, reported an increase in European road transport prices to the highest level since the report began in 2008. Overall, the price index rose 7.8% to 103.9 in the second quarter of the year, compared with the previous quarter and 3.0% when compared with the same period in 2010. Read More...* Goodman develops over 110,000 sq m for DSV in Venlo
- The Goodman Group has announced it has signed an exclusive leasing and pre-committed development agreement with DSV Solutions for the storage and handling of products for Advanced Medical Nutrition (Nutricia) in Venlo, the Netherlands. This will bring the total amount of space leased to DSV in the Netherlands to over 110,000 sq m. Read More...* Healthcare companies seek logistics partnerships as supply chains grow more complex
- Global healthcare executives are facing an increasingly intricate supply chain as concerns ranging from regulations to technology and to product handling are growing. As such, many are partnering with logistics providers to ease some of these concerns. Read More...* Maersk sees profits fall, but stays in the black
- Maersk, the world's largest container shipping line, has published its results for the first half of 2011 revealing an increase in revenue of 6.6% to $12,154m. The shipping line made a profit of $0.4bn (2010 - $1.2bn) and a ROIC of 4.5% (13.9%). Although significant reductions over the same period last year, unlike many of its competitors, the company is still in the black. Read More...* New report: Double-digit growth in Asia Pacific logistics set to continue
- The dynamism and complexity of the Asia Pacific transport and logistics market offer investors and operators the industry's best prospects for growth and returns. Read More...* E-commerce sales drive US warehousing and distribution projects
- Although US retail sales have remained sluggish, but positive throughout 2011, retailers have noted much stronger online sales. For the first half of 2011, online retail sales were $75bn, a 13% increase over 2010. The economic environment, increasing use of smartphones, free shipping and the ability to research product reviews before making a purchase are among the reasons for the rise in e-commerce. To support online retail sales, many brick and mortar retailers are expanding their distribution facilities. Read More...* Austrian Post announces 3% growth in half-year results
- "The first half of 2011 proceeded very satisfactorily for Austrian Post. We are on the right track, pursuing our strategy of offsetting declining letter mail volumes by generating growth in the parcel business and advertising mail", commented CEO Georg Pölzl. "In the mail and parcel segments we succeeded in maintaining our market leadership position and continuing our development in other markets." Read More...* Damco expands partnership with Sun America Imports
- Damco has announced that Sun America Imports, Inc., a leading US based import wholesaler of fresh produce and perishables from Latin America to North America, has awarded the company a major contract to provide end-to-end management of the company's entire supply chain from Latin America to North America. Read More...* APL Logistics operates Kodak’s new cold room facility in India
- APL Logistics, a leading third party logistics provider, has announced it has started running Kodak's Central Distribution Center in Mumbai, India. This houses a newly installed cold room facility for temperature-sensitive products. Read More...* Express-1 Expedited Solutions reports 9% revenue increase in second quarter
- Express-1 Expedited Solutions, Inc. has announced its financial results for the second quarter of 2011. Total revenue from continuing operations for the second quarter was $44.1 million, a 9.3% increase from the same period in 2010. Read More...Labels: transport and logistics news
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