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TRANSPORT & LOGISTIC NEWS * WORLDWIDE
Briefing Weekly News
* Wincanton's core business performing "satisfactorily"
- Following on from its interim management statement released on July 21, 2011, Wincanton has released a statement regarding the disposal of its Mainland Europe operations as well as its performance since the previous interim statement. Read More...
* Norbert Dentressangle announces nine month revenue growth of 25%
- In the first nine months of 2011, Norbert Dentressangle's consolidated revenue totalled €2,640m, up 24.9% on a published basis versus the same period last year. Organic growth contributed to the increase, with revenue advancing 6.1% on a like-for-like basis, excluding the impact of TDG, consolidated as of April 1, 2011. Read More...* Stobart Group announces robust performance despite tough market
- Stobart Group (Stobart), a leading provider of multi-modal transport logistics, Estates, Air and Biomass, has announced its interim results for the six months ended August 31, 2011. Read More...* Deutsche Post DHL appoints Chief Commercial Officer for DHL
- Deutsche Post DHL has announced steps to further strengthen its customer-oriented business model. The company will focus cross-divisional DHL customer management for the company's top customers and innovation activities in one area of responsibility by introducing the position of a global Chief Commercial Officer (CCO) for DHL. Bill Meahl, former Chief Operating Officer of the Supply Chain Division, will take on the new role with immediate effect. In this function, he will report to Frank Appel, Chief Executive Officer of Deutsche Post DHL. Read More...* CEVA wins additional business with Chrysler Group
- CEVA Logistics has extended its relationship with Fiat Group with the signing of new contracts which will include the supply chain management for all Chrysler Group LLC brands (Chrysler, Jeep and Dodge). Read More...* AAPA reports international air cargo markets continue to soften
- Traffic figures for the month of September released by the Association of Asia Pacific Airlines (AAPA) show international air freight markets continued to soften. Read More...* Strong European road freight sector provides good news for economy
- The road freight industry is critical to the economic development of the European region. Research which Ti undertook for its latest report - European Road Transport and Logistics 2011 - shows graphically the strength of this link. Read More...* C.H. Robinson reports 11% increase in total revenue for third quarter
- C.H. Robinson Worldwide, Inc. has reported its financial results for the quarter ended September 30, 2011. Total revenue increased 11.3% from $2.4bn in 2010 to $2.7bn in 2011. Read More...* LAN Airlines reports 11% decline in net income for third quarter 2011
- LAN Airlines reported net income of US$94.5m in third quarter 2011, a decrease of 11% compared to the US$106.2m reported in third quarter 2010. Strong revenue results were driven by solid traffic growth, reflected in strong yields and load factors in both the passenger and cargo businesses. However, this was partially offset by the continued impact of the startup of LAN's operations in Colombia as well as, at a non-operating level, exchange rate differences resulting from the depreciation of local currencies. Read More...* Horizon Lines to discontinue Trans-Pacific FSX service
- Horizon Lines, Inc. announced it will discontinue its Five Star Express (FSX) trans-Pacific container shipping service between the US West Coast, Guam and China. Read More...* Landstar System reports 10% revenue increase in third quarter
- Landstar System, Inc has reported its third quarter operating margin was 44.7% in 2011, compared to 35.6% in the third quarter of 2010. The 2011 figure was a third quarter record for the company. Revenue for the quarter was $684.0m compared to $622.8m in the corresponding quarter of 2010. Read More...* Rand Logistics’ Canadian subsidiary acquires a US bulk carrier
- Rand Logistics, Inc. announced that Lower Lakes Towing Ltd., Rand's Canadian operating subsidiary, has completed its acquisition of a US flagged bulk carrier. Read More...* ATA Truck Tonnage Index increased 1.6% in September
- The American Trucking Associations' seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.6% in September after falling a revised 0.5% in August 2011. August's decrease was more than the 0.2% drop ATA reported on September 27, 2011. The latest gain put the SA index at 115.8 (2000=100) in September, up from the August level of 114. Read More...* Railroad companies report double-digit revenue growth but volumes slow
- Three of the Class 1 US railroad companies reported double-digit revenue increases for third quarter. CSX reported an 11% increase to $3bn; Union Pacific reported revenue of $5.1bn, a 16% increase and Norfolk Southern reported an 18% increase to $2.9bn. Revenue increases for all three companies were attributed to higher rates and fuel surcharges. Read More...* DSV announces slight increase in revenue for first nine months of 2011
- DSV has announced its results for the first nine months of 2011 with a 4.2% increase in revenue from DKK 31,451m in 2010 to DKK 32,787m in 2011. Gross profit amounted to DKK 7,322m, a 5.4% increase compared to 2010. This resulted in a gross profit margin of 22.3%. Read More...* DB Schenker announces first rail freight service on High Speed 1 to be launched in November
- Trading links between Poland and the UK are to be strengthened during November with the introduction of regular European sized rail freight services by DB Schenker Rail. One train per week will operate between Wroclaw, in Poland, and Barking, London, in the UK. Demand from customers has been high resulting in strong orders for the new service being received from the automotive, retail and food sectors. Read More...* Blue Dart records 32% increase in third quarter revenue
- Blue Dart Express Ltd., the South Asian courier and integrated express package distribution company, has declared its financial results for the third quarter ended September 30, 2011. Read More...* E-commerce shipments to drive record FedEx holiday volume
- FedEx expects to move more than 17m shipments – almost double its daily average volume – through its global networks on December 12, the projected busiest day in company history. The expected 10% year-over-year increase will be driven by FedEx SmartPost, a residential shipping service designed for online and catalogue retailers, as well as expected increased volume at FedEx Ground and FedEx Home Delivery. Read More...* Logwin expands operations in Guangzhou to meet growing demand
- Logwin has relocated its branch office in Guangzhou, Guangdong Province, China to larger premises to further strengthen its presence in the Pan Pearl River Delta. Read More...* Danone extends contract with Kuehne + Nagel in Poland
- Danone, one of the world's largest health food companies, has extended its cooperation agreement with the global logistics provider Kuehne + Nagel for another three and a half years. Read More...* UPS third quarter earnings impacted by slowing Asian exports
- An increase in rates and continued cost cutting measures resulted in UPS' third quarter earnings beating Wall Street expectations, as the company reported an 8% increase in total revenue from $12.19bn in 2010 to $13.17bn in 2011. Although revenue was promising, operating profit was disappointing, increasing only 0.2% due to 9.2% increase in operating expenses. Read More...* Yodel announces plans for new network structure
- Yodel has announced plans to restructure its network and complete a move to a single operating platform that it hopes will enable the company to operate profitably. This strategy is designed to meet customer-driven demand for faster, more flexible delivery options and higher standards of convenience. Read More...* Yusen Logistics renews with Kingfisher
- Yusen Logistics has renewed and extended its contract to manage Kingfisher plc's European import supply chain. Read More...* Lufthansa Cargo underlines need for night flights
- Lufthansa Cargo has underlined its fears regarding the consequences ensuing for the international logistics industry from the provisional night-flight ban placed upon Frankfurt Airport from October 30, 2011 by a regional court. Read More...* Stolt-Nielsen to acquire bulk-liquid storage terminal in the Netherlands
- Stolt-Nielsen Limited has announced that it has reached a provisional agreement to acquire a bulk-liquid storage terminal in the Port of Moerdijk, the Netherlands, from Den Hartogh Holdings B.V. The completion of the acquisition is subject to agreement on final contract, and the transaction is expected to close on December 31, 2011. Read More...* TNT Express extends Saarland depot
- TNT Express has expanded its Saarland depot located at St. Ingbert, about 10 km from Saarbrücken, Germany. Read More...* Air freight traffic falls, but low prices tempt hi-tech industry
- Traffic statistics from major freight airports point to a sharp downturn in freight volume last month. Hong Kong International Airport reported a 6.1% fall in cargo tonnage, as compared to September 2010, to 325,000 tonnes. This was despite a 5.4% rise in passenger traffic over the same period. The fall in cargo volumes was driven by a 10% fall in exports. The airport commented that "Europe, North America and Taiwan experienced double-digit declines in overall cargo traffic". Read More...Labels: transport and logistics news
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