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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
* Hapag-Lloyd announces strong third quarter
- Hapag-Lloyd generated an operating result (adjusted EBIT) of €36.7m in the third quarter 2011. This took the operating result for the first nine months of the current financial year to €78.8m. EBITDA came to approximately €275m in the first nine month of 2011. Group earnings after interest and taxes (EAT) were also positive in the third quarter at €9.6m. This made the third quarter the best in the current financial year to date. Read More...* UPS sets 2012 rates
- UPS has released new published rates for 2012, including a net increase of 4.9%for UPS Ground packages and a net increase of 4.9% on all UPS Air services and US-origin international shipments. Read More...* Ryder enhances reverse logistics offering
_ Ryder System has announced the expansion of its reverse logistics capability to include a co-location solution. The new offering integrates forward and reverse logistics in the same facility to further optimise the returns process and drive greater value recovery of returned assets. Read More...* DSV Road wins new two-year contract with Gurit
- DSV Road Ltd has been awarded a new two-year contract to provide road freight services for all export shipments for Gurit (UK) Ltd to its customers throughout Europe. The Gurit group is a global leader in the development and manufacture of advanced composite materials and solutions. Read More...* DHL receives first converted aircraft from EADS Elbe Flugzeugwerke Dresden
- EADS Elbe Flugzeugwerke Dresden has handed over the first of 18 Airbus A300-600s to DHL Express. The aircraft are being converted from passenger planes to freighters. Read More...* Weiss Röhlig launches weekly consolidation service from Hamburg to Taiwan
- Weiss Röhlig has launched a weekly consolidation service between Hamburg and Taiwan to meet growing demand for imported products from Germany, Poland and the Czech Republic. Read More...* Huge orders will change air freight market
- Airlines originating from the Middle East have a taste for the spectacular so it might be misleading to take the huge orders for over 100 aircraft placed by Gulf carriers as indicative of the market as a whole. However, in the past week, the Indonesian airline Lion Air has trumped even the likes of Emirates Airline, Etihad and Qatar Airways in an enormous order for at least 230, and possibly as many as 380, aircraft from Boeing. Read More...* TransForce announces acquisition of I.E. Miller Services
- TransForce Inc. has announced its wholly-owned subsidiary, TFI Holdings USA, Inc., has reached an agreement to acquire all the shares of I.E. Miller Services, Inc., a North American provider of rig relocation services; including disassembly, transportation and reassembly of oil and gas drilling rigs. Read More...* DHL appoints new CEO for DHL Freight
- DHL has announced that Amadou Diallo is taking over the position as Chief Executive Officer (CEO) of DHL Freight. In his new function, Amadou Diallo will be responsible for DHL's international road and rail freight services. Read More...* Horizon Lines expands Board of Directors
- Horizon Lines has announced that it will expand its Board of Directors to 11 members from eight, effective November 25, 2011. In conjunction with the expansion, seven new directors will be appointed and four of the existing eight directors will retire. The board changes and expansion are as follows. Read More...* CEVA renews partnership with Magneti Marelli After Market Parts and Services
- CEVA Logistics has renewed its partnership for a further four years with Magneti Marelli After Market Parts and Services (AMP&S), the Magneti Marelli division dedicated to the independent market of spare parts and assistance services (Independent After Market). Read More...* Logwin opens dedicated fashion warehouse in Malaysia
- Logwin has opened a dedicated fashion warehouse in Shah Alam in Malaysia as its first dedicated Fashion & Lifestyle logistics operation in Asia. The new facility will provide a full range of services specifically targeted at meeting the needs of customers in the premium fashion and lifestyle products sector. Read More...
* P&O Ferrymasters doubles Cabot volumes in two-year deal
- P&O Ferrymasters has announced a new two-year contract with US chemicals and performance materials company Cabot Corporation. The contract will double previous volumes handled by the company. Read More...
* Tibbett Logistics achieves ISO 9001 certification across logistics operations in Romania
- Tibbett Logistics, a subsidiary of the UK-based Keswick Enterprises group, has been awarded ISO 9001 quality certification for all its logistics operations in Romania. Read More...
* Militzer & Münch reports project logistics booming in Russia
* Netwerk VSP to discontinue addressed mail
- Netwerk VSP, part of PostNL, has decided to discontinue its activities on the addressed mail market in the Netherlands as of December 17, 2011. The company stated: "The current mail market and the economic circumstances offer insufficient perspective to continue these activities profitably in the longer term." Read More...* Possible merger of Japanese shipping lines raises many questions
- Alphaliner, the Paris-based container shipping analysts, has just published an interesting graph outlining the consequences of a merger of NYK, Mitsui OSK Lines (MOL) and K Line's container businesses. Read More...* DB Schenker Logistics offers new air freight routes connecting Europe and North America
- DB Schenker Logistics is connecting Europe and North America with new air freight routes. Starting immediately, the logistics division of Deutsche Bahn is offering new freight flights from Luxemburg to Toronto and Chicago and back. The new Atlanta and Houston route will also be served from Luxemburg. Read More...* USPS reports $5.1bn loss for fiscal 2011
- The US Postal Service ended its 2011 fiscal year (October 1, 2010 – September 30, 2011) with a net loss of $5.1bn. The year-end loss would have been approximately $10.6bn had it not been for passage of legislation that postponed a congressionally mandated payment of $5.5bn to pre-fund retiree health benefits. Read More...* Port of LA import containers up 5.5% in October
- The volume of imported freight through the Port Of Los Angeles ticked up 5.5% in October, compared to the year-ago period, although it still slipped 1% from September . Read More...* Radiant Logistics acquire Isla International
- Radiant Logistics, Inc. has agreed to acquire the assets of Laredo-based Isla International Ltd., a privately-held company that provides a full range of cross-border transportation and logistics services between the US and Mexico. The transaction is valued at up to $15.0m and is expected to close in Radiant's second fiscal quarter ending December 31, 2011, pending the satisfaction of customary closing conditions. Read More...* IAS introduces intermodal container solution
- IAS has introduced a new generation of cloud technology to address the complexities associated with planning, pricing, booking and executing inland container haulage. Developed as an extension to the IAS DispatchManager, a web solution that automates the container haulage work order process from creation to proof of delivery, these latest solutions are designed to help ocean carriers, cargo owners, third-party logistics providers, and motor carriers connect and collaborate more effectively. Read More...* HomeDirectUSA introduces new e-commerce option for returned large consumer goods
- HomeDirectUSA, a US provider of "white-glove" home deliveries for large consumer goods, has added a service option for returned items. Called Direct Liquidation, the service manages the e-commerce sale of returned items. This new option is an enhancement of the company's Direct Recovery reverse logistics service. Read More...* New trade agreement drives US-Asia integration
- A new regional trade group has come into existence which will stimulate trans-Pacific trade and benefit US exporters and importers. Following an agreement sealed on November 12, 2011 in Hawaii, the leaders of nine trading partners – Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, and the United States – announced the creation of the Trans-Pacific Partnership (TPP). It has also been announced that Japan is to open negotiations for membership. Read More...* Agility announces 19% fall in Q3 net profit
- Agility has announced its financial results for the third quarter of 2011, reporting a net profit of KD8.05m on revenue of KD329.78m. Read More...* Five shipping lines rationalise Asia-South America services
- Hamburg Süd, CCNI, China Shipping Lines, Hanjin and Hyundai have reached an agreement to reduce the scale of their service offering during the forthcoming slack season between Asia and Mexico/South America West Coast with effect from mid-November 2011. To this end, the partners' three slings will be reduced to two. Read More...* Heinz renews contract with Wincanton
- Wincanton has announced the renewal of its long-standing warehousing and distribution contracts with H.J. Heinz, the food products manufacturer. Read More...* Itella Logistics implements Kewill's Global Trade Management suite
- Kewill announced it has signed a multi-year contract with Itella Logistics, part of Itella Group, to implement its Global Trade Management suite, across the company's Nordics, Baltics and Russian operations. Read More...* European road prices decline in third quarter
- Road freight prices in Europe decreased by 2.6% in the third quarter of 2011, compared with the previous quarter, according to the latest edition of 'Transport Market Monitor' produced by Transporeon and Capgemini Consulting. This is particularly surprising as historically the index has always recorded seasonal increases in the third quarter of the year. When compared with the same period in 2010, the index declined by 0.4%. Read More...* Damco reports positive third quarter
- Damco has announced continued growth in the third quarter of 2011. Year-to-date, Damco's ocean freight volumes increased 14% compared with the same period in 2010 - well above the market average. Read More...* DB Schenker delivers first ever Poland to UK service
- DB Schenker announced it has delivered the first train of a regular new weekly container service from Poland to the UK. Read More...* Brambles announces strong sales growth for first quarter FY 2012
- Brambles, the global pallet and container pooling solutions provider, delivered sales revenue of $1.4bn in the first quarter of the 2012 financial year, up 32% on the corresponding period of last year (27% in constant currency). Excluding the contribution of operations acquired since 1 July 2010, sales revenue was up 9% (4% at constant currency). Read More...* Stolt-Nielsen opens chemical storage terminal in Singapore
- Stolt-Nielsen Limited has announced the opening of its new petrochemical terminal in Tembusu on Jurong Island, Singapore. The terminal has commenced operations with three gas spheres, with plans for a total of 300,000 cbm of storage to be built over the next two-to-three years. Read More...* Prologis sells sizeable stake in its Brazilian industrial park
- Prologis, Inc. has announced that PREVI (a pension fund for the employees of the Bank of Brazil and the largest pension fund in Latin America) has purchased a 90% interest in the Prologis CCP Cajamar Industrial Park (Cajamar). Read More...* LSP results do not show recession yet
- The mood surrounding the macro-economic environment tells us that much of the developed world is on the brink of a recession; comparable to that triggered by the collapse of Lehman Brothers in 2008. Yet look at the recent results of the major logistics service providers and we get a different impression. Read More...* Wincanton focused on sustainable growth
- Wincanton has announced revenue of £625.4m and an operating profit of £22.3m from its continuing operations in its half year results. Although these results represented a decline from the previous year of 8.1% and 11.2% respectively, the company was satisfied with its performance in a challenging market and that its strategic divestments would result in sustainable profit growth in the medium term. Read More...* Maersk announces loss from container and tanker activities supported by its other businesses
- Maersk has announced a profit of $371m in the third quarter of 2011, however this was a 78% decrease compared to $1,671m in the same period of 2010. This was attributed to the performance of the group's container and tanker activities. Read More...* FedEx opens facility in Northern Ireland
- FedEx Express has opened a new facility in Northern Ireland, in an attempt to improve connectivity for firms in Northern Ireland doing business with foreign markets. The 20,000 sq ft facility is located at Kilroot Business Park in Carrickfergus, County Antrim. Read More...* APM Terminals quarterly results highlight growth
- APM Terminals has announced its profits for the third quarter reached $174m in 2011 and $478m for the first nine months of the year. The company attributed its success to greater utilisation levels and enhanced operational efficiencies which enabled the company to record a 11% increase in throughput compared with the third quarter of 2010. Read More...* Cathay Pacific enters Spanish market
- Cathay Pacific Airways has announced that it will enter the Spanish market with a new scheduled freighter service to Zaragoza. Flights will be departing Hong Kong every Tuesday and Friday. The new freighter destination will be operated as an extension of one of the airline's existing freighter services flying from Hong Kong to Delhi, then onward to Amsterdam and Zaragoza, returning to Hong Kong via Dubai. Read More...* DP-DHL shows solid growth in Mail and Express
- In keeping with the recent string of good results by the major diversified LSP's, DP-DHL has announced a solid set of figures for the third quarter. Revenue was up 2.5% year-on-year at €13,125m whilst EBIT was up 18.5% at €646m. Read More...* Operational improvements and rate increases boost truck carriers' third quarter revenue
- Operational improvements, fuel surcharges and rate increases helped boost many truck carriers' third quarter revenue growth. Read More...* Horizon Lines announces loss of $126.5m in the third quarter
- Horizon Lines recorded a loss of $126.5m from continuing operations in the third quarter. The company attributed this significant loss to an estimated goodwill charge of $117.5m as a result of the closure of its trans-pacific service and assets being held for sale. The company hopes that its exit from the trans-pacific market, combined with a new debt facility, will help to stabilize the company in the fourth quarter. Read More...* ABF introduces global expedited LCL/LTL service
- Arkansas Best Freight (ABF) has introduced a new service offering ocean LTL freight transport. The single-contact, expedited less-than-container-load/less-than-truckload (LCL/LTL) supply chain solution is designed for customers who import from manufacturing centers in China, Hong Kong and Taiwan. Read More...* Caterpillar announces new parts distribution center in California
- Caterpillar Logistics Inc, a wholly owned subsidiary of Caterpillar Inc. has announced the addition of a new parts distribution center in California. The 400,000m sq ft facility will employ 100 to 150 people and is scheduled to be operational in late 2012. Read More...* Hub Group acquires Challenge Transportation
- Hub Group, Inc. announced that its subsidiary, Comtrak Logistics, Inc., has acquired Challenge Transportation, an intermodal drayage carrier headquartered in Newark, New Jersey. Read More...* XPO Logistics announces third quarter 2011 results
- XPO Logistics, Inc. has announced its financial results for the third quarter of 2011. Total revenue was $47.4m, a 6.6% increase from the same period last year. Net income was $190,000 compared with net income of $1.7m for the same period in 2010. EBITDA was $775,000 for the third quarter, compared with $3.2m for the same period in 2010. EBITDA was negatively impacted by $700,000 of indirect transaction costs related to the equity investment and $1.6m of costs for executive recruitment and related fees. Read More...* Livingston International acquires HIPAGE to expand operations in southeastern US
- Livingston International has acquired Norfolk, Virginia-based HIPAGE Company, Inc. This move extends Livingston's customs and compliance expertise as well as its international freight forwarding capability to companies importing and exporting through the southeastern US. This acquisition also gives Livingston added expertise in the operation and administration of foreign trade zones (FTZs). Read More...* The Gores Group acquires The Clark Group, Inc.
- The Gores Group, LLC, a Los Angeles-based private equity firm, announced that it has completed the acquisition of The Clark Group, Inc., a non-asset based logistics provider focused on developing and executing supply chain solutions for the print media industry both domestically in North America and internationally throughout the world. Read More...* Descartes acquires InterCommIT
- Descartes Systems Group has acquired InterCommIT, a Netherlands-based provider of business-to-business (B2B) integration-as-a-service. Read More...Labels: transport and logistics news
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