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All Europe articles – Page 34
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ArticleFedEx connects TNT’s hub in Liège to Memphis
Following last year’s acquisition of TNT, global courier FedEx Express has launched a regular flight service from TNT’s European hub in Belgium to the FedEx world hub in Memphis.Boeing 777 freighters with 116 tons of capacity are being used for the flights, which take place five days a week from ...
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ArticleRail used in first shipment of commercial vehicles from China to UK
A trial shipment of commercial vehicles from Dongfeng Sokon (DSFK) arrived in Portbury, UK, last week all the way from Chengdu in China.While the shipment was modest – including just seven containerised vehicles being delivered to the Commercial Vehicle Show in Birmingham – the mode of delivery was significant because ...
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ArticleStrong growth leaves auto sector revenue up 92% at time:matters
German freight expeditor time:matters has announced a near-doubling in revenue related to the automotive sector in 2016.The company said it increased overall revenue by 9% in the year to just under €70m. Without providing specific numbers, automotive sector-related revenues were up 92%, high-tech and semiconductor up 47%, and aviation and ...
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ArticleEddie Stobart raises £122m in AIM listing
Eddie Stobart Logistics (ESL) has officially begun trading on London’s AIM market after raising £122m ($155m).The company first announced its intention to list last month.The shares were offered at £1.60 a share, valuing the company at £572.7m on admission. In total 245m shares were sold for £392m, with existing shareholders ...
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ArticleCloud-based system helps Suzuki GB move to real-time ETAs
Sovereign Business Integration Group has signed a five-year deal with Suzuki in the UK to provide the company with its EML cloud-based logistics management system.The UK-based company’s EML system covers the end-to-end logistics chain and is specifically designed for finished vehicle logistics.As a result, Suzuki dealers in the UK will ...
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ArticleReport suggests US is reviewing its trade deal with South Korea
US vice-president Mike Pence (pictured) has indicated during his visit to South Korea that the trade deal between the two countries is under review and could be reformed, according to a Reuters report.The deal, which came into effect in 2012, has had a positive impact on US vehicle exports to ...
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ArticleGroupe CAT takes full ownership of Carlson Vehicle Transfer
Groupe CAT has announced the latest acquisition in its consolidation spree, buying the 50% in UK firm Carlson Vehicle Transfer (CVT) that it did not already own for an undisclosed sum.The stake was acquired from founder Carl Richardson, who will still provide support to the company, according to a CAT ...
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ArticleBorgward edges closer to Bremen return with assembly site deal
Andreas Heyer (left), chairman of Bremen Invest, and Ulrich Walker, CEO of Borgward GroupGerman car brand Borgward and Bremen Invest have signed a deal over the purchase of a future assembly site in the German city.The memorandum of understanding covers a 140,000 sq.m piece of land in the Cargo ...
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ArticleTurkey’s auto sector grows in the midst of political turmoil
Representatives of Turkey’s automotive industry and the government’s investment support agency met in London, UK, last month to discuss the challenges the country faces in getting back on track toward production and export growth, following a politically turbulent two years. Despite the disruption, it seems the Turkish automotive sector is ...
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ArticleBLG Logistics reports €1 billion in sales for 2016
German logistics provider BLG Logistics has reported sales of €1.05 billion ($1.11 billion) for 2016, with its automobile division achieving a 2.6% increase in revenues to €473.7m.The division’s earnings before interest and tax (Ebit) did, however, show a year-on-year decline of 18.4% to €15.1m. The firm said this was caused ...
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ArticleANT Lojistik invests in fleet to support Mercedes contract in Turkey
The Turkish division of German carmaker Mercedes-Benz – Mercedes-Benz Türk – has signed a deal with domestic finished vehicle logistics provider ANT Lojistik for the delivery of cars to dealerships across the country.Under the contract, which will run for a five and a half years, ANT will be the sole ...
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ArticleDaimler, VW and BLG Logistics recognised in ‘elogistics’ awards
German automotive industry body AKJ Automotive has recognised Daimler and Volkswagen in its annual elogistics awards for digital-based initiatives.In addition, BLG Logistics has been given AKJ’s Tool Award for its work on the use of drones in the logistics space.AKJ Automotive is made up of a group of industry experts ...
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ArticleA back-to-the-future approach to connectivity
Resolving the connectivity required in tomorrow’s logistics networks is a challenge. But there’s no need to look to future technology on this score, as a highly appropriate solution is already in our hands. Neil Hamilton is VP business development at Thingstream, a division of mobile company Myriad GroupThe growth ...
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ArticleCaterpillar plant closures prompt global changes in supply pattern
Construction and mining equipment maker Caterpillar is closing plants in the US and Europe with a combined loss of around 2,800 jobs, in reaction to a drop in demand in the construction, mining and energy industries.Products made at the plants, in Aurora, Illinois and Gosselies, Belgium, will be shifted to ...
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ArticleWallenius Wilhelmsen Logistics begins trading on Oslo stock exchange
Wallenius Wilhelmsen Logistics ASA (WWL ASA) began trading on the Oslo stock exchange – the Oslo Børs – on Wednesday (April 5), following completion of the ownership merger announced in September last year.The company, which is worth 17.9 billion krone ($2 billion), said it was among the 10 largest listed ...
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ArticleSurvey highlights Silicon Valley risk to German logistics industry
Almost two-thirds of German logistics specialists and executives believe the industry is investing too little in research and development, with more than half fearing they could lose market share to competitors from Silicon Valley.That's the main finding of the 2017 Logistic Trend Index, compiled annually ahead of next month’s Transport ...
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ArticleIn these uncertain days, supply chain reaction times are critical
Given current political and economic uncertainties, there may be many twists and turns in the track ahead... making it all the more important that supply chains can plan and react with real efficiencyStrip the global outlook to pure numbers, and the story for the automotive industry is quite positive. China ...
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Euro Marine Logistics launches Biscay ro-ro service
EML’s new Biscay route – click to enlargeShort-sea operator Euro Marine Logistics (EML) has begun operating a new ro-ro service between Spain, Belgium, France and the UK.The company, a joint venture between Mitsui OSK Lines and Höegh Autoliners, said in March that it would be deploying two medium-sized vessels, ...
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ArticleEuropean ports: Sailing into a tide of protectionism?
The repercussions of last year’s political eruptions have yet to be felt in Europe’s ports and growth is expected to continue this year, bringing with it much-needed investment. But port operators and shipping companies remain on alert for any shift in trading patternsWhile last year was one of political earthquakes, ...
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Seat holds second logistics innovation event at Martorell factory
Spanish carmaker Seat held a two-day logistics innovation event last week at its Martorell factory in Spain at which ten suppliers presented the latest in robotic and drone technology for inventory management, handling and delivery to the assembly line.The event, held at the carmaker’s logistics innovation centre at the factory ...