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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
* China flexes supply chain muscle
- With the European and global economy in such a weakened state, the Horasis-organised Global China Business Meeting held in Valencia, Spain comes at a particularly appropriate time. Although China has said that it will not bail out Europe's ailing economies, there are other ways in which it is increasing its influence on the world's stage. Read More...* Post NL profits decline in Q3
- Post NL has announced its financial results for the third quarter of 2011. Revenue declined by 2.0% year-on-year to €996m in Q3 2011 from €1,016m in the same period of 2010. Profits also slumped from €83m in the third quarter of 2010 to €70m in 2011. Read More...* Royal Mail invests an additional £15m to handle festive operations
- Royal Mail has announced it is gearing up for the busy Christmas period by investing an additional £15m in its operation to handle the festive mailbag of around 2bn items. Read More...* DHL to build new logistics centre for Primark
- DHL Supply Chain has announced it is building a logistics centre in Mönchengladbach, Germany for its customer Primark. The fashion retailer currently has 225 stores throughout Western Europe and entered the German retail market in 2009. Read More...* Damco opens warehouse in Dubai for high tech customers
- Damco has opened a new warehouse facility in Jebel Ali in Dubai (United Arab Emirates) for customers in the high tech industry. Read More...* Kerry Logistics re-aligns supply chain in Thailand
- Following the severe flooding affecting Bangkok and surrounding areas, Kerry Logistics has responded by relocating its Express command centre from the capital city to the east of Thailand, within 20 km of Laem Cha Bang deep sea port. The new command centre is also connected to Suvarnabhumi airport. Read More...* Hellmann UK launches additional service to Eastern Germany
- Hellmann Worldwide Logistics UK has launched an additional direct feed service into the Eastern region of Germany. Hellmann will provide the service in conjunction with the Deutsche Transport Compagnie (DTC) in Nuremberg. Read More...* CEVA looks to resilience as revenues edge down
- CEVA saw revenues fall by 3.3% year-on-year to €1,755m in the third quarter of 2011, but its EBITDA (Earnings Before Interest, Depreciation and Amortisation) remained static at €86m. It's worth noting that EBITDA after specific items, such as restructuring costs, was €65m illustrating that CEVA is still incurring costs from its various integration and cost-cutting programmes. Read More...* DB Schenker Logistics announces new Board members
- DB Schenker Logistics has announced that after nearly 40 years with the company Michael Korn, Deputy Chairman of the Management Board of Schenker Deutschland AG, has entered retirement. He was responsible for air and ocean freight, trade fair business, special transports, as well as logistics for major sports events. Read More...* Port of Rotterdam suggests its throughput developed well in the third quarter
- Cargo throughput in the Port of Rotterdam increased during the first nine months of 2011 by 1.7% to 327m tons. Read More...* Kuehne + Nagel’s plea agreement approved by US Court
- The United States District Court for the District of Columbia has approved the plea agreement between Kuehne + Nagel International AG and the US Department of Justice previously entered into on September 30, 2010. Read More...* YRC Worldwide announces improved revenue but losses increase
- YRC Worldwide Inc. has reported its financial results for the third quarter of 2011. Consolidated operating revenue for the third quarter of 2011 was $1.276bn, up 12.3% over 2010, however its consolidated operating loss was $24m, which included $12m of restructuring professional fees and a $15m non-cash charge for union employee equity awards. As a comparison, the company reported consolidated operating revenue of $1.137bn for the third quarter of 2010 and a consolidated operating loss of $19m, which included $7m of restructuring professional fees. Read More...* FedEx Express opens new distribution centre in Belgium
- FedEx Express has opened its new distribution centre in Machelen, Belgium. The new facility represents the latest in a series of major FedEx investments in Belgium over the last four years. Read More...* Stolt-Nielsen secures $600m revolving credit facility
- Stolt-Nielsen Limited has announced that it has obtained commitments for a $600m senior secured revolving credit facility, which will replace the company's two existing revolving credit lines maturing in July 2012 and January 2013 respectively. Read More...* Yodel launches global delivery services
- Yodel has designed a new portfolio of global delivery services to be called Yodel World. By forming partnerships with key players, Yodel aims to take advantage of local knowledge, resources and expertise to provide a global delivery service. Read More...* Shipping downturn in China worse than in 2008
- The fate of individual logistics markets is not just dependent on the wider economy; they are individually capable of damaging themselves. Read More...Labels: transport and logistics news
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