All storage articles
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Article
Yusen Logistics launches TSG and renames warehouse division
Third-party logistics provider Yusen Logistics (Americas) has set up a group to provide customised cross-border and associated consolidation as well as transport services between the US and Mexico.According to the company, the Transportation Solutions Group (TSG) will focus on three areas. The first is the provision of “specialised and niche” ...
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ArticleATI invests in multi-level car park to deal with Philippine imports
Asian Terminals (ATI), the Philippine port operator and developer, is investing 1.3 billion Philippine pesos ($25.8m) in a five-level vehicle storage facility at the port of Batangas to handle continued growth in imports of vehicles to the country.Batangas port accounts for the majority of the country’s annual car imports and ...
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ArticleGlobal Logistics Properties initiates strategic review
Worldwide logistics facilities provider Global Logistics Properties (GLP) has announced a strategic review and appointed JP Morgan as its financial advisor.The review comes after the Singapore-listed company’s largest shareholder, GIC Real Estate, requested the process in the interests of enhancing shareholder value.“As part of the strategic review, the company, through ...
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ArticleMichelin picks Kuehne + Nagel to manage Polish warehouse
Logistics provider Kuehne + Nagel has taken over the management of Michelin’s logistics centre in Warsaw, Poland as part of a global contract logistics ‘master agreement’ recently signed between the two companies.Kuehne + Nagel is bringing in a new warehouse management system and will use it to manage receipt and ...
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ArticleSingapore’s GIC to buy P3 Logistic Parks for €2.4 billion
Singapore’s sovereign wealth fund, GIC, has agreed to buy P3 Logistics Parks from TPG Real Estate and Ivanhoé Cambridge for €2.4 billion ($2.6 billion).The two companies acquired European-focused company in 2013 and acquisitions since then have helped it double the size of its portfolio.Lee Kok Sun, chief investment officer at ...
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ArticleVW to build €150m logistics centre to support Slovakian production
Volkswagen (VW) last week laid the foundation for a new €150m ($167m) logistics centre to support its manufacturing plant in Bratislava, Slovakia.The 125,000 sq.m logistics hall will be the main feature of the overall planned facility, which spans 300,000 sq.m and will be completed in late 2017.“The new logistics centre ...
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ArticleDB Schenker to manage aftermarket warehousing for VW in India
DB Schenker’s Indian unit has begun managing aftermarket warehouse operations for Volkswagen Group in the National Capital Region (NCR) and in Bangalore.Schenker India is responsible for receiving, binning, picking, packing and dispatch of VW, Audi, Skoda, Porsche and Lamborghini spare parts and accessories in the warehouse.The 27,000 sq.km NCR, with ...
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Article
Work starts on new NYK finished vehicle facility in the Philippines
Work has begun on construction of NYK's new pre-delivery inspection and storage facility in the Philippines. The facility, which will be built on land owned by International Container Terminal Services (ICTSI) and used as a storage centre for finished vehicles, is located in Barangay Niugan, Cabuyao Laguna.In a statement, NYK ...
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ArticleGrupo Antolin goes underground for OEMs in Kansas City
Spanish tier one parts supplier Grupo Antolin has leased over 3,000 sq.m of underground storage in Kansas City to improve the inbound supply of parts in the region to customers including Ford and GM.The company supplies headliners for Ford’s F-150 model and Transit vans, made at the Claycomo plant in ...