News – Page 311
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FeatureGlobal round up
Ecuador increases car exports to Venezuela and looks at closer tiesAlmost 3,000 finished vehicles were sent to the port of Cabello, in Venezuela, from the Ecuadorian port of Esmeraldas in August, the first of six consignments totalling 12,700 vehicles to be exported by sea between now and December. This compares ...
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FeatureFreight rates for sea and air July-August 2012
Container shipping spot rates on the Asia-Europe trade lane remained high in July and August at around $3,500 following a light increase between March and May this year when carriers withdrew capacity and forced rates up. Container loading on the route rose to $4,000 per FEU, a 110.4% increase in ...
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FeatureRussia joins WTO but still protects its OEMs: analysis
After more than 19 years of negotiations, the Russian Federation has today become the 157th member of the World Trade Organisation (WTO). With reductions in import tariffs part of the accession, including those for vehicles, components and raw materials, the impact is expected to lower prices for consumers, increase global ...
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FeatureBrazil to invest $66 billion in transport infrastructure
Brazil’s government has announced a stimulus package worth R133 billion ($66 billion) designed to improve its transport infrastructure and recover economic growth, which has slowed to less than 2% over the past year, down from 7.5% two years ago.Up to $20 billion of the sum will be used to build ...
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FeatureMazda completes $20m PDC project
Mazda Canada has opened its new Western Regional Operations and Parts Distribution Centre (PDC) at Langley in British Columbia. The 12,000-square-metre facility represents the final part of Mazda’s $20m Parts Distribution Centre Network expansion project, which was announced in 2010. The network comprises of seven PDCs in North America, two ...
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FeatureExecutives on the move
Neovia is the new name for Caterpillar Logistics Services following its recent purchase by Platinum Equity and it also has a new CEO in Jos Opdeweegh.Opdeweegh has extensive experience in logistics, mergers and acquisitions, and capital markets. His most recent position was as CEO at Americold Realty Trust, one of ...
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FeatureToyota invests in multi-purpose Kenyan facility
Toyota is investing $1.5m in a vehicle and parts logistics facility in the Kenyan capital Nairobi that will serve 13 countries in sub-Saharan Africa. The centre will hold a stock of finished vehicles and parts inventory, allowing companies operating in the region to source vehicles more easily, rather than ...
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FeatureGlobal round up
Ennore passes 200k exports, starts imports The port of Ennore reached a total of 200,000 vehicle exports at the beginning of August and also received its first vehicle imports – 110 Mitsubishi Pajero SUVs transported by K-Line from Thailand.The port, located just north of Chennai on India’s east coast, began ...
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FeatureStrike action hits South Korean carmakers
Workers at Hyundai’s car plants in South Korea are staging a second week of strikes this week over pay and conditions. The company confirmed that up until last Friday, total lost production had reached 23,608 vehicles, equal to 484.6 billion won ($430m). This week’s repeated action could double that ...
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FeatureUK hungry for local content and capacity
The UK’s Automotive Council has released a new report that identifies £3 billion ($4.7 billion) worth of additional contractual opportunities for supply chain companies operating in the country, with the potential growth in volumes of direct benefit to logistics service providers.In the report, called Growing the UK Automotive Supply ...
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FeatureMercedes US turns to M-Class kit exports for Asia
Mercedes-Benz US International has started exporting SKD kits of its third generation M-Class SUV to India, Indonesia and Thailand from its Tuscaloosa facility in Alabama in a move designed to get around the high costs of exporting the model as a finished vehicle. Each target market has protectionist trade ...
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FeatureDB doubles Poland-UK service
DB Schenker Rail is adding another weekly train to its service between Wroclaw in Poland and London in the UK from October this year. The company has been running one weekly train on the service since November last year but has seen increasing demand from customers across a number ...
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FeatureGlobal round up
ACL books innovative con-ro vesselsAtlantic Container Lines, the Grimaldi-owned north-Atlantic ocean forwarder, has signed a contract with Chinese state-owned Hudong-Zhonghua Shipbuilding for the delivery of five container/ro-ro (con-ro) vessels that, when completed by 2015, will be the largest vessels of their kind in the world, according to the company. ...
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FeatureMitsubishi stops shipments of i-MiEV to PSA
Mitsubishi Motors has stopped shipments of its i-MiEV electric vehicle to French carmaker PSA Peugeot Citroën. A spokesman for PSA said that the halt was temporary and put in place to “adjust stocks”. The French carmaker is now believed to have more than 4,400 of the vehicles held in ...
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FeatureGood riddance to Q2 says Ceva
Ceva Logistics is glad to see the back of a second quarter that its chief financial officer, Rubin McDougal (pictured), said was disappointing in terms of projected volume growth in the air freight division and a poor performance in the contract logistics sector, in large part because of losses ...
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FeatureSiem route via San Diego offers alternative to rail
The port of San Diego received more than 1,000 Volkswagen Beetles and Jettas at its National City Marine Terminal at the beginning of August as part of a regular service between Mexico, the US and transpacific markets operated by Siem Car Carriers. Volkswagen is seeing strong US sales ...
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FeatureAPL and Vascor launch auto LSP in India
Logistics providers APL Logistics and Vascor have joined forces to step up their business focus in India’s fast-growing vehicle market, according to an interview with the chief operating officer of the new company with Automotive Logistics News. The logistics provider, called APL Logistics Vascor Automotive Private Limited (LVA), will provide ...
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FeatureExecutives on the move
Scott Mize, formerly manager of national transportation at Mazda North America Operations, has moved to take up the role of national manager of Vehicle Logistics at Glovis America following the departure of Scott Goodwin.As reported last month, Goodwin has moved to take up a new role as director ...
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FeatureToll sells Aussie carrier business to Prixcar
One of Asia’s leading integrated logistics providers, Toll Group, has completed the sale of its finished vehicle distribution service division in Australia to PrixCar, the automotive storage, processing and repair specialist in which it has a 50% stake. Toll said the sale will generate $35m after tax.Toll Group will ...
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FeatureGlobal round up
Kuehne+Nagel builds service for BMWKuehne + Nagel has expanded BMW’s supply centre in Wörth, Germany by 50,000-square metres to feed inbound parts to the carmaker’s plants in Dingolfing, Landshut and Leipzig. The addition brings the footprint at the facility to 95,000 square metres. The logistics provider is handling ...