All Europe articles – Page 144
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FeatureBMW leads imports to Korea
Korea imported 51,664 newly-registered vehicles in the first half of 2011 according to the Korea Automobile Importers & Distributors Association (KAIDA), a 23% increase on the same period in 2010. Sales of imported vehicles in the country were led by BMW and Mercedes, and the top region of imports was ...
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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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FeatureRhenus acquires the European activities of Wincanton Group
Rhenus Group has bought Wincanton’s remaining business in mainland Europe in a deal believed to be valued at up to €74m ($107m). Wincanton’s activities in this area, which includes subsidiaries in Germany and France, representing revenue of around €550m and €4m in profit. The UK-headquartered logistics firm has sold the ...
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FeatureMOL and Hoegh join forces in Europe
Ocean car carriers Mitsui OSK Lines (MOL) and Höegh Autoliners have decided to consolidate their short sea shipping and feeder operations in Europe with the formation of a 50-50 joint venture, Euro Marine Logistics (EML), which integrates the existing European short sea and logistics activities of both companies as well ...
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FeatureWilhelmsen gains profits on deep-sea volumes
Wilh. Wilhelmsen Holding ASA (WWH) has reported an increase in its operating profit by nearly 24% to $71.4m for the second quarter. The rise was due to a continued increase in deep sea volumes said the company, including continued export out of Korea and high and heavy volumes. A spokesperson ...
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FeatureNissan to cut exports from Japan
Nissan Motor is cutting its exports from Japan by a third in a new strategy designed to boost domestic sales and reduce the impact of the strong yen, which is hitting the company’s profits. Currently the yen is staying near a record ¥76.25 against the dollar, strengthening this week even ...
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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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FeatureChinese logistics costs rise as US, Europe stagnate
Chinese logistics costs in the first half of 2011 have risen to 18% of the country’s GDP, an increase of 0.1% since last year according to a report by the China Federation of Logistics and Purchasing (CFLP). The rise comes at a time when logistics costs in Europe and North ...
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Supply chain and earthquake costs hurt carmakers' profits
The release of earnings reports over the past week has revealed supply chain threats to carmakers’ profits in the form of higher raw material costs, currency shifts as well as component shortages and premium freight logistics costs, both related to the lingering impacts from the Japanese earthquake. Several carmakers facing ...
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DHL rolls out aftermarket concept for BMW UK
DHL Supply Chain has signed a three-year contract with BMW UK to increase dealership deliveries in Scotland and Northern England. DHL will provide warehouse services at its shared-user Bellshill location in Scotland, including receipt, put-away, picking and dispatching of automotive components and fast moving spare parts for the Scottish aftermarket. ...
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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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FeaturePanopa supports Mercedes in Hungary
Imperial Logistics subsidiary Panopa has expanded its Eastern European operations to support a new container management contract with Daimler in Kecskemét, Hungary. The company has established a new division called Panopa Logistik Magyar to support the new business. The three-year contract involves returnable container handling in support of Daimler’s rollout ...
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FeatureGlobal round up
Milestone journey for DB Schenker RailLast Saturday DB Schenker Rail moved the first European-sized freight train on the UK’s High Speed 1 (HS1) rail link connecting the Channel Tunnel to London. The HS1 is the only European-sized rail route in the country. The new service will connect the UK via ...
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FeatureFurther setback for Saab
Saab has been forced to push back the planned production restart at its Trolhätten plant, which was due on August 9th, because of continued funding problems. In a joint statement, the carmaker and its owner Swedish Automobile NV (formerly Spyker Cars) said that discussions were continuing with parties to obtain ...
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FeatureExecutives on the move
Greg May, president of US finished vehicle carrier, Jack Cooper Transport, is to leave the company at the end of August. He will remain involved with the company as a consultant and continues in his role as vice chairman of subsidiary Jack Cooper Logistics. May has not announced what his ...
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FeatureVW works toward crossdock network
Volkswagen has been undergoing trials at three group consolidation centres in Europe as it aims to shift from a regional system of freight forwarding to running a network of crossdocks. The group is now in the process of tendering for more consolidation centres in the coming years. According to Thomas ...