All Gefco articles – Page 8
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ArticleEDITOR’S NOTE: Gefco/GM; pressures on free trade
Automotive logistics, by definition, always moves. From sorting material at crossdocks to loading in ports, sailing, trucking or flying, the supply chain is in constant flux. So too is the automotive logistics industry itself. A struggling European market brings not only painful cuts, but also changes in logistics strategies. GM’s decision ...
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ArticleRussian Railways will buy Gefco stake
As Automotive Logistics was going to press, PSA Peugeot Citroën announced that it had entered into exclusive negotiations with Russian Railways (RZD), the state-owned rail operator, to sell a majority stake in PSA’s logistics provider, Gefco, and form a “strategic partnership”. PSA said that it would sell a 75% interest ...
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ArticleRussian Railways wins bid for Gefco
Months of speculation over the sale of PSA Peugeot Citroen’s logistics subsidiary Gefco was brought to an end last week when it was announced that Russian Railways (RZD) had emerged as the winning bidder for a 75% stake in the company worth €800m ($1.04 billion). RZD is the ...
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ArticleGefco responds to increase in OEM near sourcing
Following last month’s survey update from the UK’s Automotive Council, which showed that the supply chain could benefit from an additional £3 billion in additional business, on top of the £26.6 billion potential spend by carmakers originally announced in May this year (read more), Gefco has outlined how it ...
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ArticleCAT Logistics sale finalised to Gefco bidder
Construction machinery maker Caterpillar has completed the sale of its third party logistics arm – Caterpillar Logistics Services – to Platinum Equity in a deal worth $750m. Platinum Equity is also one of four companies reported to be bidding for Gefco, the logistics arm of PSA Peugeot Citroën. Platinum ...
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ArticleGefco profits slide as PSA struggles
Gefco Group, the logistics subsidiary of France’s PSA Peugeot Citroën, has seen its profits slide nearly 56% in the first half of 2012 compared to 2011 following drops in revenue in Europe and particularly across Peugeot Citroën, its parent and largest customer. Gefco has also seen its margins squeezed ...
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ArticleGefco-GM 'mega' contract worth 900m euros pa - analysis
The Gefco Group has revealed that the contract signed at the end of June with General Motors will make it the carmaker’s fully fledged fourth party logistics provider (4PL) in Europe, including Russia and Turkey. The seven year contract, which kicks off next year and includes a ...
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ArticleAnalysis: Gefco to handle GM logistics in Europe
General Motors has said it will transfer the majority of its transport logistics business in Europe and Russia to Gefco starting next year following a long-term exclusive agreement signed this week with the logistics provider's parent company, PSA Peugeot Citroën. The agreement will impact the majority of the Opel/Vauxhall, ...
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ArticleYves Fargues to retire as CEO of Gefco
Yves Fargues, chairman and CEO of Gefco, has announced he will retire from the role on the 1st July. He will be replaced by Luc Nadal, currently freight transport and logistics director, who will take up the role of CEO of the Gefco Group. Fargues was appointed chairman and CEO ...
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ArticleGefco takes on management of Euro rail flows
Прочтите эту статью на русском языкеFrench logistics provider, Gefco, has released further details about the development and management of its own European rail transport network. It is the first logistics operator in Europe to introduce such a system for controlling and optimising delivery times. The ...
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ArticleGefco reports 12.9% increase in turnover
French logistics provider Gefco has reported a turnover of almost €3.8m for 2011, a 12.9% increase compared to 2010. Operating income reached a record €223m according to the company, representing a 5.9% turnover. The company said that the opening of new subsidiaries and major external growth enable it to win ...
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ArticleBig opportunities ahead for Gefco
For Gefco, 2012 is turning out to be a year of significant transition. In February, parent company PSA Peugeot-Citroën announced that it was divesting (an as yet undisclosed) percentage of its ownership of the transport and logistics subsidiary in an effort to raise cash and support on-going investment in its ...
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ArticleGefco extends service for Dacia
Gefco has renewed its multimodal logistics service for Romanian carmaker Dacia, which combines road and rail shipments to move vehicles from the carmaker's plant in Pitesti, Romania to the Italian market. Gefco will now be able to also utilise the assets of Gruppo Mercurio, for vehicle movements in Italy following ...
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ArticleGM-PSA could benefit from Gefco footprint
Last week's news that GM is taking a 7% stake in PSA Peugeot-Citroën and will establish "a strategic, commercial cooperation" with PSA's logistics subsidiary means that both carmakers could potentially increase sales opportunities in markets beyond Europe. The new deal also offers Gefco the opportunity to benefit from economies of ...
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ArticleGM stake in PSA means services for Gefco
The announcement on Wednesday this week that General Motors is to take a 7% stake in French carmaker PSA Peugeot-Citroën as part of cost saving exercise designed to help each carmaker’s struggling European operations will also mean that PSA’s logistics unit Gefco will now provide logistics for GM in Europe ...
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ArticleStruggling PSA to sell part of Gefco
PSA Peugeot Citroën has announced plans to divest part of its ownership in Gefco, its logistics and transport subsidiary, in an effort to raise cash and support on-going investment in its automotive division, which today reported a loss in its 2011 financial results amidst a difficult second half ...
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ArticleGefco and Faurecia shine amidst poor PSA results
The PSA Group reported third quarter financial results today that showed a mixed picture of stagnant revenue and falling profits as a result of largely deteriorating sales in Europe, slower growth in emerging markets, rising cost pressure and a wide-scale supply chain disruption for European plants in September. The group’s ...
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ArticleGefco’s global resurgence
On the acquisition trailRussian returnOpportunities within the groupEuropean capacity shiftsIT evolution and an electric futureGefco is using its strong position to expand globally and acquire assets for vehicle logistics, both as the outbound arm of the PSA Group and as it diversifies its customer base, writes Christopher Ludwig.Gefco stands out ...
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ArticleGefco terminates Fret SNCF agreement
PSA Peugeot-Citroën’s logistics division Gefco will not renew its contract with the freight division of fellow French rail provider SNCF for outbound automotive shipments. The business that Fret SNCF handles for Gefco, which includes managing a volume of 40,000 wagons per year, will be redistributed amongst three separate private rail ...
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ArticleGefco expands fleet with Lohr
Gefco has expanded its vehicle carrying fleet in the UK with nine transporters built to a new specification that will allow the logistics provider to carry multiple combinations of vehicles and up to 11 passenger cars at a time. The company said the transporters, provided by Lohr, will enable it ...