All articles by Marcus Williams – Page 106
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Feature
Iran Khodro begins exports to Algeria; production to follow
Iranian carmaker Iran Khodro (IKCO) has announced it has begun vehicle exports to Algeria, in north Africa, as part of an agreement that will see 15,000 vehicles exported there per year. The company has also said it is looking to establish a production line in the country, with double that ...
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FeatureEU regulators will not stop FedEx takeover of TNT Express
Following the news in April this year that FedEx had made a €4.4 billion ($5 billion) bid for TNT Express, the companies have confirmed that European Commission antitrust regulators will not oppose the takeover.In a joint statement, FedEx and TNT Express said the internal deadline for issuing a Statement of ...
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FeatureGeorgia Ports Authority to triple investment at Brunswick
Georgia Ports Authority (GPA) has said it will invest $152m in improving facilities at the US port of Brunswick over the next ten years to keep pace with demand. The expenditure is almost three times that invested during the past decade and includes a fourth berth for ro-ro cargo at ...
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Feature
Volvo outsources IT business to HCL Technologies
Volvo Group is divesting its external IT business and outsourcing its IT infrastructure operations to global IT services provider, HCL Technologies. The deal is expected to close in the second quarter of next year. Volvo Group said the move would provide cost savings and capital gain, with operating income and ...
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FeatureTPP trade deal is signed by Pacific Rim countries
The biggest trade deal in decades was signed in Atlanta, in the US state of Georgia, on Monday this week when the 12 Pacific Rim countries that have been involved in Trans-Pacific Partnership (TPP) talks since 2010 finally came to an agreement.“With today’s successful conclusion of the Trans-Pacific Partnership negotiations, ...
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FeatureGefco buys IJS Global in pursuit of external growth
Transport and logistics provider Gefco, which is majority-owned by Russian Railways, has signed an agreement with private equity firm Nimbus to take over IJS Global, a provider of services in the high and heavy, pharmaceutical and energy sectors (amongst others).According to the company the move is designed to grow its ...
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FeatureFloods hit dealers in South Carolina and disrupt supply chain
[Updated October 9th] Devastating flooding in the US state of South Carolina in the wake of Hurricane Joaquin has left seven people dead and cut power to thousands of people across the state. The deluge, which affected central and coastal areas, has also hit vehicle makers in the region, including ...
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FeatureSafi Port revises ro-ro prices and reveals expansion plans at Derince
Safi Port, the private company that has been running the Turkish port of Derince since March this year, has announced it has revised its ro-ro handling prices at the request of its customers. It has also revealed plans to increase the operational area at the port, including ambitious plans for ...
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FeatureRepair specialist Dent Wizard buys KhS
Dent Wizard International, a specialist in paint-free vehicle dent repair, has bought the North American division of damage repair and claims manager, Know How Systems Global (KhS), for an undisclosed sum.Dent Wizard is a leading provider of small-to-medium area repair techniques (SMART) in North America and offers services and products, ...
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FeatureLear doubles car seat production in the UK to meet demand from OEMs
[Updated October 8th] Seating supplier Lear has doubled the size of its UK facility in Sunderland with a 3,500 sq.m extension in response to demand for car seating from its customers Nissan and Jaguar Land Rover (JLR). The move doubles its annual production capacity for the supply of car seat ...
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FeatureFord reports dispute resolved at Kansas City Assembly Plant
Ford said it had reached agreement with workers this week at its Kansas City assembly facility in Claycomo, Missouri over a local labour dispute, but it is not clear whether the carmaker is still going ahead with the reorganisation of parts supply to its Dearborn plant."Working with our UAW partners, ...
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FeatureTesla now in production at Tilburg for European customers
Prestige electric vehicle maker, Tesla, has officially opened its assembly plant at Tilburg in The Netherlands – the first such purpose-built facility in Europe. The factory is supplying the Model S to customers across the continent, and Tesla has said building in Tilburg will increase the speed of deliveries to ...
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FeatureBLG to open CKD logistics facility for Daimler in Düsseldorf
BLG Logistics is to open a distribution facility for Daimler at the port of Düsseldorf, Germany, in the spring of 2016. BLG will primarily carry out logistics services for the nearby Mercedes-Benz van plant in Düsseldorf from the facility, including the containerisation of complete knockdown (CKD) kits of the Sprinter ...
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FeatureUnion Pacific invests $90m to expand operations in Laredo
[Updated October 1st] North American rail provider Union Pacific Railroad has announced at $90m investment in its Port Laredo intermodal ramp in Texas.A spokesperson for Union Pacific confirmed that the company was currently working on an expansion project that would help improve efficiencies not just for Union Pacific, but also ...
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FeatureHella hit for €50m loss by Chinese supply failure
German automotive lighting supplier Hella KGaA Hueck is having to completely reorganise the supply of plastic moulded components because of an abrupt cut in supply from one its Chinese providers. The failure in the supply of the parts has hit earnings at Hella in the first quarter by €30m ($33m) ...
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FeatureMercedes-Benz adds CKD imports to Thailand for local assembly
Daimler’s Mercedes-Benz division is now assembling CLA and GLA models in Thailand at the Thonburi Automotive Assembly Plant (TAAP) in Samut Prakan province south of Bangkok, according to a report in the Bangkok Post news source.The vehicles were previously imported for sale to the country as finished vehicles but kits ...
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FeatureNYK announces South American exports from US and Mexico
NYK Line is moving vehicles and equipment into Central and South America with announcements that it has set up a new joint venture in Colombia for imports from Mexico and also will start handling exports from Port Canaveral in Florida, in the US.In the first move, NYK has signed an ...
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FeatureKia appoints Paragon to support growth
Kia Motors has awarded two new contracts worth £115m ($174m) to finished vehicle services provider Paragon Automotive in the UK. Paragon will support both new car storage and preparation, and de-fleet storage and preparation for the Korean carmaker.Paragon will handle Kia vehicles through its operation in Immingham and the company ...
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FeatureUTi expands contract logistics in Mexico
Supply chain and logistics provider UTi has opened a new contract logistics facility in Mexico to support the growth of its clients in the automotive and high-tech industries.The 2,500 sq.m facility is located in Irapuato in the north central region, which has become a hub of activity for automotive and ...
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FeatureHöegh vessel found with handguns aboard is released
Kenyan authorities have now released a car-carrying vessel operated by Höegh Autoliners after a consignment of undeclared handguns was found inside a number of military vehicles being shipped for the United Nations (UN).The Höegh Transporter was detained for a week by the authorities when it called at the port of ...