All Gefco articles – Page 4
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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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FeaturePSA Group to sell remaining stake in Gefco
French carmaker PSA Group, which owns Peugeot, Citroën and Opel/Vauxhall, has said it will sell its remaining 25% stake in Gefco, its former logistics subsidiary.The carmaker said in a statement that “Gefco’s operational performance and the diversification of its client portfolio no longer [make] it necessary for [PSA Group] to ...
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FeatureGefco reveals latest developments in regional strategy
Gefco has revealed a number of recent business developments at a meeting held in Paris this week to launch its new corporate direction, brand identity and the further development of its commercial activity. They include the purchase of rail and compound assets in Russia to support exports to neighbouring countries; ...
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FeatureGefco buys GLT to strengthen service between Morocco and Europe
Gefco has bought Moroccan road haulage company GLT for an undisclosed sum in a move designed to strengthen its service between Europe and Morocco, including for the automotive industry. Gefco’s division in Spain will own and manage GLT.GLT has been operating as a specialist in logistics flows through the strait ...
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FeatureGefco handles first dedicated block train of auto parts from China to France
Gefco has handled its first dedicated block train of containerised automotive parts between China and France. The transport and logistics provider coordinated the 11,000km journey of 40ft containers along the Silk Road trade corridor, negotiating with railway partners in different countries and deploying forwarding teams in Shanghai, Moscow and Paris. ...
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FeatureGefco invests in expansion to meet demand in vehicle traffic through Portbury
The UK division of transport and logistics operator Gefco has reported an increase in turnover at its facility in Portbury last year to £12m ($16m), following an extensive overhaul of facilities and technical services for its OEM customers, including its former owner PSA Group. Further unspecified increases are forecast for ...
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FeatureGefco opens sequencing warehouse in Liverpool with a view to the future
Transport and logistics provider Gefco has opened a £10m ($13.2m) warehouse and sequencing centre in Speke near Liverpool, in the UK which is currently supplying components to Jaguar Land Rover’s plant in nearby Halewood. At an event held to mark the opening last week Gefco executives talked about the latest ...
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FeatureGefco considers a spending spree in Russia
Transport and logistics company Gefco plans to spend up to €400m ($478m) on mergers and acquisitions over the next few years, including a possible €20-30m earmarked for Russia, according to CEO, Luc Nadal, in an interview with the Russian media outlet Vedomosti.Nadal revealed that the company, which is majority owned ...
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FeatureGefco starts working with VisionDrive in UK for single vehicle deliveries
UK vehicle transport provider VisionDrive has signed a one-year rolling contract with global logistics specialist Gefco for single new vehicle deliveries across the UK. It will make more than 50 single vehicle deliveries a month for Gefco from its Sandtoft facility in Lincolnshire with a view to gaining further contracts.VisionDrive ...
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FeatureGefco announces changes to top executive roles
Gefco has appointed Emmanuel Delachambre (pictured) as the new executive vice-president for its division in France and has also added responsibilties to the roles carried out by Emmanuel Cheremetinski and Pierre-Jean Lorrain.Delachambre, who replaces Marc Cahingt in the new role, has worked at Gefco France since 2013 when he moved ...
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FeatureGefco confirms partial sale being considered by controlling shareholder
Gefco has confirmed its parent company, Russian Railways (RZD), is considering selling a partial stake in the company but plans to remain the majority shareholder.RZD completed an €800m ($900m) acquisition of a 75% stake in the logistics provider from PSA Group in December 2012. PSA remains its biggest customer and ...
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FeatureGefco reports strong growth in profitability
French logistics provider Gefco has announced strong growth in operating profits for the year to the end of 2016 after a proactive policy to optimise purchases and reduce fixed costs.Earnings before interest, tax, depreciation and amortisation grew 32.1% to €172.8m ($193.3m). Revenues were up 1.3% to €4.23 billion.The strong results ...
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FeatureGefco to ship CNH tractors from Austria to Australia
European agricultural machinery maker Case New Holland (CNH) has contracted logistics provider Gefco to move a consignment of tractors to Australia for the first time.Gefco will move between 260 and 280 tractors in containers to three Australian ports this year: Perth, Melbourne and Brisbane.The tractors will be loaded into containers ...
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FeatureGefco appoints Tony Gunn as head of freight forwarding
Tony Gunn has been recruited as executive vice-president of Gefco’s freight forwarding division. He moves from his previous role at XPO Logistics as managing director of Europe and brings 25 years of experience in the logistics sector.Gefco said his role would be to strengthen profitable growth in the company’s freight ...
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FeatureGroupe PSA report: A partnership of choice for Gefco and PSA
Having signed an €8 billion contract with its former owner PSA, Gefco is keen to emphasise its growing independence both within and outside the automotive sector
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FeatureGefco confirms £10m logistics centre near Halewood, UK
Gefco’s division in the UK is investing £10m ($12.4m) in a logistics solutions centre close to Halewood, near Liverpool, in the north-west of England.A spokesperson for the company confirmed that the 12,000 sq.m site would serve tier one UK customers and OEMs but said that, as per the terms of ...
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Feature4PL services gain more prominence in Gefco’s €8 billion PSA contract
French-based logistics company Gefco Group has secured an €8 billion ($8.8 billion), five-year deal with its former majority owner PSA Group, with fourth-party logistics (4PL) services for global operations featuring prominently within the contract.Under the agreement, Gefco will design and implement global logistics and transport solutions for the three PSA ...
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FeatureGefco reports higher profits on modest revenue gains
Logistics provider Gefco Group has reported a strong growth in pre-tax earnings over the first half of 2016 compared to the same period last year, driven by recovery in the automotive industry in Europe, cost reduction initiatives and the acquisition of Dutch freight forwarder, IJS Global.Gefco, based in Paris and ...
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FeatureGefco appoints managers for PSA contract and East Asia area
Gefco has announced that Anne Lambusson (pictured) will be appointed to the position of PSA contract executive vice-president. She will replace Paul-Henri Fréret, who will take over the ASOR area management (East Asia) as executive vice-president.Lambusson has experience in both the automotive and rail sectors. In 1988, her automotive career ...
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FeatureVecsera replaces Balayn as MD of Gefco UK
Zsolt Vecsera (pictured) has taken over as managing director of Gefco UK. He replaces Tristan Balayn, who has moved to a new role at the transport and logistics company as director of international development for the EuroMed zone.Vecsera has moved to the UK from his role as managing director of ...