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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
* Toll Group appoints new Chief Financial Officer
* FedEx Freight offers expanded electronic shipping solutions
- FedEx Freight, a subsidiary of FedEx Corp., has further streamlined LTL (less-than-truckload) shipping by providing customers with electronic shipping solutions. Read More...* Logwin opens new office in Hyderabad
- Logwin has opened a new office in Hyderabad, India, which expands the company's network to nine offices across the country. Read More...* Con-way announces third quarter profit of $29.1m
- Con-way Inc. has reported 2011 third quarter net income of $29.1m, compared to a 2010 third quarter net loss of $8.2m. Operating income in the 2011 third quarter was $61.1m compared to $12.5m earned in the third quarter a year ago. Revenue for the 2011 third quarter was $1.38bn, an 8.4% increase from last year's third quarter revenue of $1.27bn. Read More...* Goodman to build 45,000 sq m facility for Volkswagen in Hanover
- Goodman Group has signed a major pre-committed development in Germany with Volkswagen Commercial Vehicles on a new built-to-suit production facility in Hanover. Read More...* Global manufacturing stagnates in October
- The JP Morgan global manufacturing PMI (Purchasing Managers Index) saw little change at 50.0 in October, from 49.8 in September. The slight increase was a result of an improvement in new orders, although the index for which still remained low. Read More...* Panalpina sees higher margins in air freight despite little growth
- Panalpina saw a modest year-on-year growth in revenue in the third quarter 2011, up 0.4% to CHF1.57bn after the effects of the appreciation of the Swiss Franc were stripped-out. Read More...* Expeditors reports declining revenue but a strong net revenue increase for third quarter 2011
- Expeditors International of Washington's third quarter earnings reflected a lackluster global freight market. Revenue declined 4% to $1.6bn; however, net revenue increased 8%. Operating margins improved to 10.2% from 9.6% for third quarter 2010. Read More...* NAFTA trade value increases 18.3% in August to $80.4bn
- For the month of August, NAFTA (North American Free Trade Agreement) trade increased 18.3% for a total of $80.4bn compared to same period in 2010. According to the US Bureau of Transportation Statistics, this was only the second time on record that NAFTA trade by land modes exceeded $80bn in one month; the first time was in March 2011. Month-to-month, the value of US surface transportation trade with Canada and Mexico increased 11.1% in August 2011 from July 2011. Read More...* Old Dominion Freight Line reports 25% increase in revenue for third quarter
- Old Dominion Freight Line, Inc. has announced its financial results for the third quarter ended September 30, 2011. Revenue was a record $494.5m for the quarter, an increase of 24.9% from $396.0m for the third quarter of 2010. Net income increased 58.4% to $38.6m from $24.4m for the third quarter of last year. Old Dominion's operating ratio improved to a record 86.2% for the third quarter compared to 89.0% for the third quarter of 2010. Read More...* TransForce posts 49% increase in third quarter revenue
- TransForce Inc. has announced its results for the third quarter ended September 30, 2011. Total revenue increased 49%, to $743.0m. The acquisitions of Loomis Express on June 26, 2011 and of the assets of Speedy Heavy Hauling Inc. in August 2010, contributed revenue of approximately $205m in the third quarter of 2011. Read More...* Pacer expands its intermodal services into Chihuahua, Mexico
- Pacer International, Inc. has announced the expansion of its Mexico Direct (Intermodal/Double Stack) service between Chihuahua, Mexico and key markets within the US and Canada. The service will operate five days per week to and from the Chihuahua market. The service utilizes Ferromex and Union Pacific networks. Read More...* Universal Truckload Services announces 19% gain in third quarter revenue
- Universal Truckload Services, Inc. has announced financial results for the third quarter and first nine months of 2011 ended October 1, 2011. In third quarter 2011, operating revenues increased 19.9%, to $187.5m from $156m, while profit from operations increased by 80.9% to $8.4m for third from $4.7m year-on-year. Read More...* NYK expands into Brazilian cabotage business
- NYK has entered the Brazilian cabotage business through a 10% acquisition of Maestra Navegação e Logistica S.A. (Maestra) and its two group companies. Read More...* JAXPORT seeks TIGER funds to enhance Northeast Florida trade and transportation network
- Jacksonville Port Authority (JAXPORT) has announced its application to the US Department of Transportation (DOT) for $25m from the Transportation Investment Generating Economic Recovery (TIGER) Discretionary Grant for the construction of a $45m Intermodal Container Transfer Facility (ICTF) at the Dames Point Marine Terminal. The balance of the funding -- $20m -- would come from the State of Florida. Read More...* Grupo TMM reports declines in third quarter earnings
- Grupo TMM, S.A.B. has reported its financial results for the third quarter and first nine months of 2011. Compared to the same periods of last year, third-quarter and first nine-month 2011 revenue decreased 8.0% to $6.8bn from $7.4bn in 2009 and 11.7% to $20.4bn from $23.1bn, respectively, mainly due to revenue reductions at Maritime. Read More...* Little optimism from TNT third quarter
- TNT experienced a muted third quarter 2011 with a stable European business, but a worsening performance on the Asian Air Express operation. The company's performance in Brazil remained difficult. Read More...* Flat growth for European forwarding sector
- European forwarders saw a marginal decline in the rate of expansion in volumes handled for October, according to Danske Bank's Freight Forwarding Index which fell to 52, from 53 in September. This was lower than the index value of 56 forecast by forwards in Europe two months ago. Expectations for the next two months also declined, down to 48 from 54 last month; indicating an anticipated fall in volumes for the last two months of the year. Read More...* NOL Group reports third-quarter net loss of US$91m
- NOL Group has announced a net loss of US$91m for the third quarter of 2011 compared to a profit of US$282m in the same period last year. Read More...* FedEx Trade Networks adds new offices in Europe and Africa
- FedEx Trade Networks, the freight forwarding arm of FedEx Corp., has announced that it has established operations in Johannesburg, South Africa; Bologna, Italy; and Ankara and Izmir, Turkey. Read More...* TNT Express renews contract with IKEA in Saudi Arabia
- TNT Express has extended its partnership with home furnishings company IKEA in Saudi Arabia. Under the terms of the contract, TNT undertakes the delivery and assembly of furniture and kitchens from IKEA's customers in Riyadh, Jeddah and Dammam. Read More...* Transport Corporation of India reports 4% revenue increase in half year results
- Transport Corporation of India Ltd., an Indian integrated supply chain and logistics solutions provider, has announced its financial results for the quarter ended September 30, 2011. During the first half of the year, revenues grew by approximately 4%. Higher interest incidence and increased costs, due to higher fuel prices, have led to a muted profit after tax over the previous year; (1.59% increase). Read More...* Zim and MSC reach swap agreement to enhance Med-Europe service
- Zim Integrated Shipping Services Ltd and MSC Mediterranean Shipping Company have announced a new agreement offering an improved Med-Europe service. Read More...* Global semiconductor sales increase 2.7% in September
- The Semiconductor Industry Association (SIA) has announced that worldwide sales of semiconductors were $25.8bn for the month of September, an increase of 2.7% from the prior month when sales were $25.1bn. Read More...* Just-in-time manufacturing questioned once more as Thailand floods threaten global supply chains
- For the second time this year, the viability of just-in-time manufacturing is being questioned. First it was the horrific Japanese earthquake and tsunami that caused disruptions in global supply chain. Now it is Thailand, as the country suffers through one of the worst flooding in five decades. Read More...* DSV’s Road division drives organic growth
- DSV has announced revenue growth of 4.2% in the first nine months of 2011; this was mainly attributable to its Road division. The company's total revenue reached DKK 32,787m for the first nine months of 2011, compared to DKK 31,451m in the same period of 2010. DSV stated that it had "achieved satisfactory results for the first nine months of 2011, particularly when taking into account the declining global economic growth." Read More...* Wincanton wins Müller renewal
- Wincanton has renewed its contract with Müller for a further three years, taking the long-standing partnership into its 20th year. Read More...
* Groupe CAT accelerates development acquiring 50% of CVT
- Groupe CAT has completed the acquisition of 50% of Carlson Vehicle Transfer (CVT), a growing car transport company in the UK. Through this acquisition, the company intends to accelerate its development in UK vehicle transportation market. Read More...* Aramex reports 19% increase in third quarter revenues
- Aramex, the global logistics and transportation solutions provider, has announced its financial results for the third quarter of 2011, reflecting a healthy increase in revenues and net profits, in the face of continued instability in a number of its markets in the Middle East and North Africa (MENA) region. Read More...* GEFCO offers new services to Central Asia
- GEFCO has opened a new route between Latvia and Central Asia that will be used to deliver new vehicles to Kazakhstan, Uzbekistan, Mongolia and Tajikistan. Read More...* Transhipments the highlight of Hactl Q3 figures
- Hong Kong Air Cargo Terminals Limited (Hactl) continues to experience growth in transhipment traffic. Seven out of nine months this year have seen an improvement on 2010. Read More...Labels: transport and logistics news
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