All Integrated LSPs articles – Page 39
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FeatureGlobal round up
Mercurio Pallia invests in vehicle carryingMercurio Pallia Logistics, the joint venture between Italy’s Gruppo Mercurio and India’s Pallia Transport, has said it plans to invest nearly Rs69 crore ($13.8m) in specialised vehicle trailers based on what it calls a ‘truck-on-truck’ concept for the Indian and wider Asia-Pacific automotive markets. The ...
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FeatureCeva steady in an unstable climate
Ceva Logistics has reported stable profits in the third quarter despite a 3.3% decline in revenue amidst a challenging business environment and highly volatile exchange rates. According to its senior management, on-going payback from Ceva’s cost reduction programme and strong performance in the automotive sector in the contract logistics ...
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FeatureGlobal round up
Tender for new vehicles terminal at Lázaro CárdenasThe Mexican port of Lázaro Cárdenas will issue a tender for a new finished vehicles terminal in either November or December this year. This tender will require an investment of $40m. The eventual concession will be for a two-berth, 400,000m2 facility, although ...
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FeatureGefco 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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FeatureGlobal round up
Horizon saved from bankruptcyHorizon Lines, the US domestic ocean shipping and integrated logistics company, has concluded a comprehensive financial restructuring programme worth $653m to fund ongoing operations and protect the company from bankruptcy. “We now have a new capital structure that eliminates the refinancing uncertainty faced by our company over ...
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FeatureGefco’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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FeatureVertical impact in a volatile market
While the automotive industry holds its breath over economic forecasts, DB Schenker Logistics is looking ahead with cautious optimism and expanding its contract logistics offering for the sector. Marcus Williams finds out whyFlexibility to meet fluctuation;Targeted growth;Broad customer base;Cross-sector solutions;Investment in IT;Logistics growth in Leipzig;Strong focus on spare parts;Footprints to ...
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FeatureGlobal round up
Yusen Logistics now fully integrated in EuropeYusen Logistics has completed the European integration of its previously separate business divisions, NYK Logistics and Yusen Air & Sea Service, with the launch of its German unit this week. As part of its global integration of the two businesses, the final ...
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FeatureK+N expands China shuttle service
Logistics provider Kuehne + Nagel has expanded its road delivery network in China as part of an ongoing growth of services that the company said will be of particular benefit to its automotive customers. Having launched its first long-haul shuttle service between Shanghai and Tianjin in April this year, with ...
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FeatureGlobal round up
Mahindra exports global platform SUVIndian carmaker Mahindra & Mahindra has said it will export its new XUV500 SUV to South Africa at the same time that domestic sales begin in December this year, with further plans for export to Western Europe, Latin America, Southeast Asia and Australia. The car, which ...
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FeatureKuehne + Nagel opens Pune auto centre
Logistics provider Kuehne + Nagel has expanded its presence in India with the start of new operations at a facility in Pune dedicated to the automotive sector. The ‘Automotive Solution Centre’, established in one of the company’s existing facilities in Pune, will supply a range of services to carmakers in ...
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FeatureGlobal round up
In response to a growth in demand, Asian logistics provider Kerry Logistics has started work on the expansion of its Chongqing Logistics Centre in China with a focus that includes automotive spare parts. Phase 2 construction, which is scheduled for completion in the first quarter of 2013, will comprise 62,700m2 ...
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FeatureJCB signs up DHL as global lead logistics provider
DHL Supply Chain has signed a new five-year global contract with industrial machinery maker JCB to provide logistics support for global manufacturing inbound supply and aftermarket, including inter-company shipments. Joannes Van Osta, general manager, Group Transport and Logistics, who initiated and led the development of the contract, told Automotive Logistics ...
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FeatureAuto help boosts Ceva to a solid first half
Ceva Logistics has reported €1 billion ($1.44 billion) in new business wins in its financial results for the first half of 2011 on its way to €3.4 billion in revenue (up 5.2%) and earnings before interest and tax at €152m, an increase of 29.9%. Automotive was described as an important ...
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FeatureReasons to be cheerful for freight industry
The logistics industry is in good health despite the dire warnings of recession from the world’s financial centres according to analysis from consultancy Transport Intelligence. Despite turmoil in the market over the debt crisis in Europe and a downgrade in the US credit rating, there may be reasons to believe ...
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FeatureGefco ready to buy and expand
Gefco, the logistics division of the PSA Peugeot-Citroën Group, is pushing to expand and diversify its vehicle logistics operations and is targeting further acquisitions in European and global markets. The company, which has experienced record growth and profits this year, is aiming to reduce the proportion of PSA business in ...
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FeatureGlobal roundup
Sonic has most complex logistics for GM in North AmericaGeneral Motors launched production this week of the Chevrolet Sonic subcompact at its Orion Township assembly plant in suburban Detroit, the only subcompact car it manufacturers in the US. According to Kenneth Knight, GM executive director of global and North ...
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FeatureGroupe CAT on the prowl for assets and acquisitions
Groupe CAT, the France-based vehicle and cargo logistics provider, has revealed that it is tracking ahead of its expansion, diversification and asset purchase targets, and that it is also interested in acquiring other companies as it grows globally. Improvements in the company’s business model appear fortuitous particularly as it faces ...
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FeatureGlobal round up
Ontime boosts fleet with £4m investmentOntime Automotive is making a £4m ($6.3m) investment in its Specialist TransportDivision’s fleet of enclosed transporters over the next 12 months with the addition of 21 new enclosed vehicles. The UK-based finished vehicle transporter is working with manufacturing supplier Rolfo and Imperial Commercials ...
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FeatureHonda renews inbound contract with Ceva
Honda of the UK Manufacturing has renewed its contract for inbound parts supply from Europe with Ceva Logistics for a further three years from 2012. Ceva Ground Europe, based in Antwerp, Belgium, will continue to manage Honda’s European inbound logistics operations, handling the collection of parts from suppliers in over ...