Finished vehicle logistics – Page 43
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FeatureMahindra Logistics IPO gets underway
The stock market listing of Mahindra Logistics by its parent company Mahindra & Mahindra got underway this week with the launch of the initial public offering which should raise about $128m for its owners.According to a prospectus document, a total of 19.33m shares – just over a 27% stake in ...
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FeatureNYK bids to take full ownership of its Yusen Logistics subsidiary
NYK has tendered an offer to take 100% ownership of its subsidiary Yusen Logistics, with a buyout offer equal to 25.6 billion yen ($224.8m).The Japanese shipping company currently owns 59.5% of Yusen Logistics, which was established in 2010 through the combination of NYK Logistics and Yusen Air & Sea Services. ...
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FeatureGefco invests in expansion to meet demand in vehicle traffic through Portbury
The UK division of transport and logistics operator Gefco has reported an increase in turnover at its facility in Portbury last year to £12m ($16m), following an extensive overhaul of facilities and technical services for its OEM customers, including its former owner PSA Group. Further unspecified increases are forecast for ...
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FeatureSubaru admits to inappropriate practices in its Japanese inspection process
Subaru has confirmed that an internal investigation at its Japan-based production facilities has revealed inappropriate practices in connection with the final vehicle inspection process.The OEM said that among other things, its investigation had discovered cases where individuals were conducting final vehicle inspections prior to their formal promotion as final vehicle ...
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FeatureVehicle handling through Sagunto continues to surge
Automotive traffic through the Spanish port of Sagunto, administered by Valenciaport, has continued to grow significantly so far this year.In the first three quarters of the year, the port handled 170,217 finished vehicles – up 28% over the corresponding period in 2016. While general cargo also grew by 24% over ...
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FeatureFCA seeks reparations from global ro-ro carriers for Shipping Act violations
Fiat Chrysler Automobiles (FCA) has sent a complaint to the Federal Maritime Commission (FMC) seeking damages from six shipping companies it says acted to suppress competition for ro-ro services it purchased along with other carmakers.The move follows action taken by the US Department of Justice (DoJ) after an investigation into ...
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FeatureNissan halts production for local market in Japan after inspection issue
Nissan has halted production of cars in Japan destined for the local market after it found that unaccredited inspectors were still conducting final vehicle checks at its assembly plants – despite the company being notified a month earlier by authorities that its inspection process was non-compliant.Speaking at the Tokyo Motor ...
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FeatureDigital revolutions in political turmoil
Whether it has been politics, the economy, ‘Dieselgate’, collapsing German rail tunnels or adverse weather, the European transport sector has its fair share to deal with this year – at a time which also appears to mark the end to a recent cyclical high in new vehicle registrations, at least ...
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FeatureBMW i Ventures and Penske invest in flexible car ownership app
Investors including BMW i Ventures and Penske Automotive Group have participated in a funding round for the flexible car ownership mobile app, Fair, which attracted nearly $1 billion in offers from investors.Fair allows customers to get approved for a monthly payment for a car on their phone by scanning their ...
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FeatureDriver shortage the number one concern for road carriers in ATRI survey
The shortage of truck drivers in North America has climbed six places to come top of the list of concerns in a survey into critical issues facing the sector, conducted by the American Transportation Research Institute (ATRI). The results were released at this week’s 2017 American Trucking Association (ATA) Management ...
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FeatureOperations get underway at Ekol’s Yalova ro-ro terminal
Ekol Logistics has started processing cargo through its Yalova ro-ro terminal in north-west Turkey, following an investment of €40m ($47m).The first shipment of freight was sent to the northern Italian port of Trieste aboard Alternative Transport’s ro-ro vessel Qezban. Ekol has a 65% stake in Europa Multipurpose Terminals, which handles ...
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FeatureRussia to provide loans to foreign customers for export purchases
Russia will allocate up to 30 billion roubles ($500m) in the form of soft loans during 2018 for foreign customers willing to purchase finished vehicles made in the country, according to industry and trade minister, Denis Manturov (pictured).The country’s Ministry of Industry and Trade is also planning to create a ...
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FeatureK-Line and Agunsa launch KAR Logistics to target rising vehicle imports
Chilean multinational logistics agency Agunsa has teamed up with Japanese shipping firm K-Line to form a dedicated automotive logistics company, KAR Logistics.The new company, which will operate in Latin America, has been created to help meet rising automotive import traffic in the region, especially in Chile.In a press statement, Agunsa ...
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FeatureFTA issues trade checklist in response to government statements on independence
In response to the UK government’s latest statements on trading and customs post-Brexit, the Freight Transport Association (FTA) has issued a list of conditions it says are needed to secure continued trade in the UK. James Hookham, the FTA’s deputy chief executiveEarlier this week the government issued a white paper ...
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FeatureToyota shuts South African plant after ‘significant damage’ from flooding
Toyota was forced to shut its manufacturing plant near Durban in South Africa this week after a massive storm hit the region resulting in ‘unprecedented flooding’.In a statement on Tuesday, following the storm, Andrew Kirby, president and CEO of Toyota South Africa Motors, confirmed that there was “significant damage” to ...
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FeatureAMP Capital buys ITS ConGlobal from Carlyle Group
AMP Capital, an Australian investment firm with over $137 billion in funds under management, has completed its largest ever North American deal, buying logistics company ITS ConGlobal (ITSC) from the Carlyle Group for an undisclosed sum.A Reuters report suggested the deal was worth more than $500m, citing unnamed sources.The company ...
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FeatureChanges are the only certainty at Ford of Europe
Dirk Willmann, director of material planning and logistics for Ford Europe, outlines how the carmaker is improving visibility and adapting its vehicle logistics network across Europe to better manage customer demand and trade uncertainties.
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FeatureLive poll results from the UK: present and future disruption
Live polling conducted at this year's Automotive Logistics UK summit revealed that delegates are anticipating major changes to the automotive supply chain as it relates to the UK and the wider sector. While most executives participating in the survey are optimistic about the industry's prospects in the short term, including ...
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FeatureMexico rail vs sea: No easy route for exports
Figures from the Mexican Automotive Industry Association (AMIA) show that between January and June this year, more than 85% of the passenger cars and light trucks made in the country were exported to the US and Canada – equal to almost 1.3m units out of a production total of nearly ...
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FeatureUS car carriers: Driven to deliver
The US car market is forecast to contract slightly over the next two to three years, with sales set to fall from a high of 17.8m this year to around 16.3m in 2019, according to figures from industry analyst PwC. As OEMs cope with swelling inventory, the car carrier sector ...