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News – Page 137
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FeatureFoote joins CSX as chief operating officer
North American rail provider CSX has announced the appointment of James Foote (left) as chief operating officer (COO).Foote will take on the responsibilities of Cindy Sanborn, the current COO, and Fredrik Eliasson, chief sales and marketing officer, both of whom plan to resign with effect from November 15th. The company ...
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FeatureMahindra Logistics IPO gets underway
The stock market listing of Mahindra Logistics by its parent company Mahindra & Mahindra got underway this week with the launch of the initial public offering which should raise about $128m for its owners.According to a prospectus document, a total of 19.33m shares – just over a 27% stake in ...
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FeatureNYK bids to take full ownership of its Yusen Logistics subsidiary
NYK has tendered an offer to take 100% ownership of its subsidiary Yusen Logistics, with a buyout offer equal to 25.6 billion yen ($224.8m).The Japanese shipping company currently owns 59.5% of Yusen Logistics, which was established in 2010 through the combination of NYK Logistics and Yusen Air & Sea Services. ...
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FeatureReal-Time Innovations officially joins Autosar development group
Industrial IOT connectivity company Real-Time Innovations (RTI) has joined the Automotive Open Systems Architecture (Autosar) group as a development partner.Autosar is a partnership of car manufacturers, suppliers and other companies in the electronics and tech industries which aims to standardise software architecture for automotive electronic control units. Formed in 2003, ...
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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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FeatureBMW to open assembly plant in Russia ahead of state procurement rule
BMW has confirmed plans to build an assembly plant in Russia to produce vehicles for the domestic market with localised parts. The move has been made ahead of a new state procurement scheme that will oblige regional and federal authorities to purchase only vehicles manufactured in Russia for their own ...
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FeatureSubaru admits to inappropriate practices in its Japanese inspection process
Subaru has confirmed that an internal investigation at its Japan-based production facilities has revealed inappropriate practices in connection with the final vehicle inspection process.The OEM said that among other things, its investigation had discovered cases where individuals were conducting final vehicle inspections prior to their formal promotion as final vehicle ...
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FeatureVehicle handling through Sagunto continues to surge
Automotive traffic through the Spanish port of Sagunto, administered by Valenciaport, has continued to grow significantly so far this year.In the first three quarters of the year, the port handled 170,217 finished vehicles – up 28% over the corresponding period in 2016. While general cargo also grew by 24% over ...
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FeatureGetrag scores a hat-trick at Magna Logistics awards
Transmission system supplier Getrag has received three World Class Logistics awards for innovative supply chain projects. The awards were made by Magna Logistics Europe, a division of Getrag’s parent company Magna International, and were announced at the annual Magna Logistics Days in the second week of October.Getrag’s Supply Chain Management ...
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FeatureSharp rise in global transport and logistics deals in third quarter
The latest PWC Deals quarterly report on the global transport and logistics (T&L) sector has revealed a 37% increase in the value of mergers and acquisitions, compared to a year earlier.Overall, the sector reported 71 transactions (up 15% year-on-year) worth $43.3 billion during the third quarter of the year, experiencing ...
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FeatureDaimler unveils all-electric heavy-duty truck concept
Daimler Trucks has revealed a concept E-Fuso all-electric heavy-duty Vision One truck and says a production version could be available in four years.The E-Fuso Vision One has a gross vehicle weight of about 23 tonnes and a payload capacity of approximately 11 tonnes – two tonnes less than its diesel ...
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FeatureFCA seeks reparations from global ro-ro carriers for Shipping Act violations
Fiat Chrysler Automobiles (FCA) has sent a complaint to the Federal Maritime Commission (FMC) seeking damages from six shipping companies it says acted to suppress competition for ro-ro services it purchased along with other carmakers.The move follows action taken by the US Department of Justice (DoJ) after an investigation into ...
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FeatureNissan halts production for local market in Japan after inspection issue
Nissan has halted production of cars in Japan destined for the local market after it found that unaccredited inspectors were still conducting final vehicle checks at its assembly plants – despite the company being notified a month earlier by authorities that its inspection process was non-compliant.Speaking at the Tokyo Motor ...
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FeatureSchaeffler sets up separate aftermarket division
Component supplier Schaeffler is splitting its automotive aftermarket business into a separate division to cope with increased demand, following what it called a “prolonged period of growth”.From January 1st, the newly created Automotive Aftermarket division will sit alongside the established Automotive OEM and Industrial divisions.“These steps will allow us to ...
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FeatureBMW i Ventures and Penske invest in flexible car ownership app
Investors including BMW i Ventures and Penske Automotive Group have participated in a funding round for the flexible car ownership mobile app, Fair, which attracted nearly $1 billion in offers from investors.Fair allows customers to get approved for a monthly payment for a car on their phone by scanning their ...
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FeatureLatest Ford reshuffle puts Drake at helm of global purchasing
Lisa Drake (pictured) will replace Birgit Behrendt from January 1st as head of global powertrain purchasing and global purchasing operations at Ford, as part of a number of executive changes announced by the carmaker this week.Drake will be responsible for all powertrain purchasing operations worldwide, as well as global operational ...
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FeatureCar production ends in Australia as final Holden rolls off the line
Just weeks after Toyota produced its final vehicle in Australia, General Motors (GM) has held a ceremony to mark the end of production at its Elizabeth plant in South Australia.GM’s move marks the end of car manufacturing in Australia, after OEMs decided that manufacturing there was no longer cost-effective.In 69 ...
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FeatureEngine maker Cummins buys electric drive specialist Brammo
US-based truck engine maker Cummins has acquired the assets of Brammo, an electric drive and battery specialist.“To be a leading provider of electrified power systems just as we are with diesel and natural gas driven powertrains, we must own key elements and subsystems of the electrification network,” said Tom Linebarger, ...
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FeatureNorthvolt picks Skellefteå in Sweden as home for battery factory
Northvolt has announced a partnership with the two Swedish municipalities Skellefteå and Västerås for the establishment of Europe’s largest lithium-ion battery manufacturing plant.After an initial assessment of eight Swedish and two Finnish municipalities, Northvolt narrowed its choice down to Västerås and Skellefteå. The company has since decided to base activities ...
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FeatureDriver shortage the number one concern for road carriers in ATRI survey
The shortage of truck drivers in North America has climbed six places to come top of the list of concerns in a survey into critical issues facing the sector, conducted by the American Transportation Research Institute (ATRI). The results were released at this week’s 2017 American Trucking Association (ATA) Management ...