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All Feature articles – Page 62
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FeatureCMA CGM to take 25% stake in Ceva Logistics
International container shipping company CMA CGM has agreed to acquire a 25% share of third-party logistics provider Ceva Logistics, estimated to be worth up to 450m Swiss francs ($458m), in convertible bonds.The deal remains subject to regulatory approval, at which point the bonds can be converted into shares. The deal ...
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FeatureNissan and Mitsubishi to share spare parts resources in Japan
Nissan Motor and Mitsubishi Motors have arranged to jointly use a spare parts warehouse near Tokyo, Japan, and share a regional delivery network as part of efforts to work together more closely to reduce logistics costs.From October this year, the carmakers will share Nissan's 355,000 sq.m Sagamihara Parts Center, about ...
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FeatureDB Cargo UK announces top appointments
Rail freight operator DB Cargo UK has appointed Dirk Nolte (pictured) as chief operating officer (COO). Nolte, who has substantial experience in business process re-engineering and improvement, has spent 24 years in various industries managing large-scale international projects from scoping to implementation.The company has also announced the appointment of Roger ...
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FeatureNissan axes jobs as UK diesel sales plunge
Nissan is to reduce the workforce at its Sunderland factory in the north-east of England amid operational changes, with hundreds of jobs reportedly being axed as the company adjusts to declining demand for diesel models across Europe. The company’s announcement comes only a week after Jaguar Land Rover (JLR) announced ...
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FeatureSettling into steady growth
China has the biggest car market in the world and is expected to make 25.3m vehicles this year. The city of Chengdu has 4.5m of them driving around it, making it the second largest in China for vehicle numbers behind Beijing – and it was to Chengdu that delegates headed ...
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FeatureJafza reports rising automotive business
DP World’s Jebel Ali Free Zone (Jafza) generated automotive business worth around $10.75 billion in 2017, the company has revealed.Around 11% of Jafza’s customer base is accounted for by the vehicle and transport sector, encompassing 546 automotive companies from 62 countries, providing employment to 8,200 people.“The encouraging performance of the ...
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FeatureAptiv takes a global approach to mobility
In December last year, tier one automotive parts and systems technology provider Delphi Automotive divided its business into two separate companies: Aptiv and Delphi Technologies. The latter continues to supply powertrain and engine management systems and components, including advanced vehicle propulsion, combustion systems, electrification products and software, as well as ...
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FeatureOpportunities grow as China opens its market
China is committed to opening its market to global competition, as shown by the announcement last week that it will lower import tariffs and remove a two-decade old regulation restricting foreign carmakers to making cars there only as part of a joint venture with a Chinese company. And according to ...
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FeatureGefco reports gains in automotive beyond core PSA contracts
Gefco has reported annual revenue gains of 5.1% in its full-year results for 2017, earning €4.4 billion ($5.4 billion). Sales were supported by a 8.1% growth in global automotive accounts outside of its traditional activity for former parent company Groupe PSA (which now includes GM's Opel/Vauxhall divisions). The company noted ...
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FeatureDFDS takes over Turkish ocean forwarder U.N. Ro-Ro
Danish shipping and logistics group DFDS has bought a majority 99% stake in U.N. Ro-Ro, Turkey's largest operator of ocean-going ro-ro freight vessels for €950m ($1.2 billion). U.N Ro-Ro was previously owned by Turkish private equity companies Actera and Esas.DFDS said the purchase would make it a major player in ...
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FeatureJaguar Land Rover to cut production jobs in UK
Jaguar Land Rover (JLR) has confirmed that it will shed 1,000 agency staff jobs at its Solihull plant in the UK Midlands over the next two years because of “continuing headwinds impacting the car industry”. The carmaker, which is the UK's biggest producer, confirmed that in March sales were down ...
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FeatureBlockchain technology: Quicker off the blocks
As global trade intensifies, so do the risks associated with cyber-breaches, fraud and limited visibility for shippers to track and trace international shipments across the end-to-end supply chain. While digital connectivity introduces a whole new set of risks and potential disruptions to global trade, big data and industry stakeholders, breakthroughs ...
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FeatureNavigating uncharted waters
At 04.00 on June 26 last year, Jim Hagemann Snabe, chairman of AP Moller-Maersk, was woken by a phone call from his office. That’s when he learned that the global shipping giant had fallen victim to a cyber-attack. Over the next few hours, the true severity of the incident became ...
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FeatureAmports will invest $11m in terminal at Altamira port
Amports Mexico has signed a partial concession agreement with the Port of Altamira Authority (API) to set up a public finished vehicles terminal rather than continuing to rent area within the port to do so.Amports managing director Ernesto Ibarra explained that the concession is for 20 years, although it could ...
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FeatureJCB adopts Apex system for better inventory control
Construction equipment manufacturer JCB has adopted new software to better manage inventory at its main plant in Uttoxeter, UK.The system allows managers, via point-of-use devices, to control access to stock and know who uses what, when and where, according to its supplier, Apex Supply Chain Technologies of the US. Workers ...
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FeatureVW Truck & Bus partners with Hino Motors
Germany’s Volkswagen Truck & Bus and Hino Motors of Japan, the Toyota division that makes trucks, buses and light commercial vehicles, have signed an agreement to cooperate in a range of fields including procurement, technology, logistics and transport. Hino Motors' president and CEO, Yoshio Shimo (left) and Andreas Renschler, CEO ...
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FeatureCaracatzanis replacing Maure as CEO of Avtovaz
Nicolas Maure is moving out of his role as CEO at Russian carmaker Avtovaz to take up a new position at the beginning of June as Renault Group senior vice-president alongside his role as chairman of the Eurasia region at the carmaker. Yves Caracatzanis will become the new CEO of ...
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FeatureDiess to lead VW Group while Blume heads production
As part of an extensive revision of VW Group’s management structure, Herbert Diess (pictured) is taking over from Matthias Müller as chairman of the board. Diess will also be responsible for VW Group development and research, as well as Vehicle IT.Hans Dieter Pötsch, chairman of the supervisory board, said Diess ...
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FeatureChina to slash car import tariffs and aid foreign JVs
China’s president Xi Jinping has said the country will greatly reduce its current 25% duty on foreign-made cars as part of wider efforts to increase imports and reduce its trade surplus with other countries.“This year we will significantly lower import tariffs for vehicles and reduce import tariffs for some other ...
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FeatureSSA Marine expands vehicle processing in Mexico and Canada
Marine and rail terminal company SSA Marine has completed the first phase of development at its Special Automobile Terminal in Lázaro Cárdenas port in Mexico. It has also announced new business for finished vehicle handling on Vancouver Island on the west coast of Canada, which is due to start in ...