The Brink’s Company has announced the acquisition of Servicio Pan Americano de Proteccion SA de CV (SPP) for approximately $60 million. With annual revenue of approximately $385 million, SPP is the largest secure logistics company in Mexico, where the CIT (cash-in-transit) market is the fifth largest in the world, with total revenue estimated at $900…
ASL Aviation Group has finalised the acquisition of Safair from Dublin-based Aergo Capital. The deal covers three Irish entities: Safair Operations, Safair Lease Finance and three ATR72-500 aircraft. This acquisition enhances ASL’s three prime service lines by adding Safair Operations to its air transport arm; providing a further spares holding and interest in Jetworx to…
In its latest round of enhanced transit times, UPS Freight has again improved transit times between US cities and Calgary and Edmonton in Alberta, Canada. With a focus on improving service from the Southwest and Western US, UPS Freight now offers two-day service from Denver and Las Vegas to the Calgary and Edmonton markets. In…
The International Air Transport Association (IATA) has called on Israel to use global standards to shore-up its air transport sector. Giovanni Bisignani, IATA’s director general & CEO, made the call in a meeting with Israeli Transport Minister Israel Katz, with specific comments on safety, security and infrastructure. Bisignani pointed out that aviation builds bridges of…
Following the successful launch of the DHL Euroconnect product to and from Morocco in April, DHL Freight now offers groupage services to and from Tunisia. According to Thomas George, CEO of DHL Freight, Morocco and Tunisia are maintaining strong economic ties with the EU, particularly countries in southern Europe. This is fuelling demand to include…
FedEx Express has launched a new dedicated flight to and from Hanoi four times a week, improving transit time for outbound shipments from Hanoi by one business day to multiple destinations, including China. This is part of the company’s commitment to launch service enhancements that enable FedEx to be more responsive to the needs of…
According to Dow Jones, YRC Worldwide’s chief executive Bill Zollars said that the company will likely launch a counter-suit in response to ABF Freight’s legal actions against both YRC and the Teamsters union. Sharon Gill reports … ABF Freight System filed a lawsuit against YRC and the Teamsters earlier this month, saying the contract between…
Boeing has signed an agreement to acquire CDM Technologies, a California-based software engineering company that specialises in real-time transportation and logistics planning systems for the US military. The transaction will be effected through Boeing’s Tapestry Solutions subsidiary. "CDM Technologies brings capabilities that enhance our existing portfolio while allowing us to accelerate growth in the logistics…
Marine logistics specialist Peters & May has entered a new partnership agreement with the appointment of Logistics Department BG as its exclusive agent for Russia. Moscow-based Logistics Department has a strong presence in the Russian leisure boating industry, and already handles the logistics for AG Marine along with a number of other boat dealers across…
SBS Worldwide has issued a notice about the UK’s new airfreight regulations that became effective on November 15th. Failure to comply with these new regulations will result in delays to export air consignments. Following the recent well publicised air cargo security breaches, it is now mandatory for declarations to be made for every consignment tendered…
Kerry Logistics has opened the first phase of its Product Customisation & Consolidation Centre (PC3) in Tai Po Industrial Estate, Hong Kong. The new 257,000 sq.ft facility will target leading fashion and retail brands. In line with Kerry’s aim to support greener supply chains, the purpose-built facility has incorporated green technology into the design and…
CMA CGM will extend its Black Pearl service to west coast of South America (Ecuador, Peru, Panama and Chile), effective December 12th. This upgrade comes in response to growing market demand for exports between the US and the west coast if South America (up 23.5% in 2010) and between the US and the Caribbean (up13.8%…
K-Line will further enhance its service coverage with the launch of a new weekly service connecting Asia and Honolulu. The service is offered through slots on an existing Asia – West Coast South America service operated jointly by K-Line, MOL and NYK. Starting on December 2nd / 3rd, the weekly service will deploy nine 2,000…
DHL has expanded the freight management operations of its Global Forwarding arm in Penang to provide customers with value-added services in one of Malaysia’s fastest-growing states. Key to this is a newly opened integrated one-stop facility at Penang’s new central cargo hub, Kompleks Kargo Udara Kedua, better known as KLAS. Located on the east side…
Fast Lane Transportation has launched a new service that offers secure overnight load storage on a twelve-acre site in Wilmington, California, just half a mile from the Los Angeles/ Long Beach harbours. The new service will serve truckers, freight forwarders and steamship lines by providing a safe and secure facility with guard-protected, gated entry and…
South Africa’s Imperial Logistics has acquired a majority stake in EWC Express, a domestic and international document courier that also specialises in break-bulk consolidation. The acquisition will strengthen Imperial Logistics‘ small parcel, high-speed delivery services. With offices in Johannesburg, Cape Town, Durban, Port Elizabeth and George, EWC services more than 3 000 centres across South…
Horizon Lines will launch an express intermodal container service to key inland US cities when it begins the new Five Star Express (FSX) transpacific liner service in December. The maiden FSX voyage is scheduled to depart Ningbo in China on December 14th, Shanghai on December 15th, and arrive in Los Angeles on December 26th. Approximately…
Schenker Australia has been appointed as the official logistics provider for the Australian International Airshow and the Perth International Regatta 2010. Since 1992, Schenker Australia has been the official logistics provider and exclusive on-site handling agent for the Australian International Airshow, which takes place every two years. For the 2011 event, DB Schenker will provide…
TMSi Logistics has entered into to niche industry with the acquisition of Rhombus Services, a national installation and service provider for digital media applications. Rhombus Services provides solutions to the digital signage, kiosk, and retail fixture industries. The company’s acquisition by TMSi will provide Rhombus with the internal technology, logistics and financial strength to increase…
SBS Worldwide and Blue Water Shipping have signed an agency agreement that covers all sea- and airfreight activities between the Nordic countries and the US for general cargo. Effective November 15th, Blue Water Shipping will represent SBS Worldwide in the Nordic countries, and SBS Worldwide will represent Blue Water Shipping in the US. Established in…
Pan American Airways has officially announced its re-establishment and the reopening of the Gateway to Latin America located at the Brownsville South Padre Island International Airport. Starting in 2011, Pan American Airways will launch inaugural flights from Brownsville in Texas to Monterrey in Mexico, as well as other Mexico cities. The carrier will fly seventy…
A group led by Abu Dhabi Investment Authority (ADIA) and infrastructure investment fund Global Infrastructure Partners (GIP) have agreed to buy a 99-year lease on the Port of Brisbane in Queensland, Australia for A$2.1 billion. Q Port Holdings Consortium comprises ADIA, GIP, Industry Funds Management (IFM) and funds managed by QIC Ltd. Through its subsidiary…
In order to further improve productivity and efficiency at its Cape Town Terminal, Transnet Port Terminals has implemented Dual Cycle operations, where containers are discharged and loaded simultaneously from a vessel using ship-to-shore cranes. This internationally recognised practise lends itself to faster operation and savings by minimising empty trips for both haulers and cranes, and…
TNT Express is taking a series of additional measures to protect its customers and their consignments as well as its employees and networks from the threat of parcel-bombs. The company has reinforced air and ground security controls, including the screening of consignments, in all countries where it operates. This covers TNT’s own operations as well…
According to Simon Clark, business development manager – UK at CargoWise, today’s dynamic business environment continues to generate leaner business strategies that incorporate multi-dimensional tools for greater end-to-end supply chain efficiencies to leverage existing resources and enhance the logistics process. Clark says that while logistics service providers (LSPs) began to execute leaner logistics strategies during the…
FedEx expects to see its busiest day in company history when it moves almost 16 million shipments around the world on December 13th. This is an increase of more than 12% over last year’s busiest day, when the company handled 14.2 million shipments. For the overall holiday season, FedEx forecasts more than 223.3 million shipments…
TopSource and AmeriQuest Transportation Services have partnered to combine their buying leverage in order to provide additional savings opportunities for the customers of each company. Recognising the overlap in their services and similar customer needs, TopSource and AmeriQuest formed a strategic business partnership that allows the two companies to compete more effectively within the large…
Confirming its commitment to further growth in the Oceania region, Panalpina has acquired its long-time partner, Apollo Forwarding, in Adelaide, South Australia, effective immediately. Panalpina and Apollo Forwarding have been close partners for more than ten years, Apollo Adelaide having acted as Panalpina’s agent both locally and globally. Apollo Adelaide brings a solid customer base,…
CEVA Logistics has reported record revenue and strong EBITDA performance in its third quarter results. Revenue for the quarter was up 32% to €1.82 billion (Q3 2009: €1.37bn), with EBITDA up 26% to €86 million (Q3 2009: €68m). The group reported sequential revenue growth across both Freight Management and Contract Logistics. Contract Logistics revenue continued…
JF Hillebrand has strengthened its capability to provide dedicated wine and beverage logistics services in Sweden with the acquisition of Stockholm-based Lagena Distribution. Established in 1994, Lagena Distribution is a wholly owned subsidiary of Systembolaget, the Swedish Alcohol Retail Monopoly. The acquisition further strengthens JF Hillebrand’s position in Sweden and across the Nordic and Baltic…
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