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News – Page 158
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Ewals renews contract with Goodyear for pan-European tyre supply
[Updated April 3rd] European intermodal logistics provider, Ewals Cargo Care, has renewed its contract with Goodyear for another year to supply tyres for up to 3,000 trailers and 550 tractors in its fleet, as well as a full range of truck tyre support services. The latest contract extends the relationship ...
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Eddie Stobart estimates £550m-plus value post IPO
UK transport and logistics provider, Eddie Stobart, has announced its intention to raise £130m ($163m) and list on the London Stock Exchange’s AIM market, which supports smaller growing companies.The company is targeting a market capitalisation on admission in excess of £550m.CEO Alex Laffey said: "Eddie Stobart is widely recognised as ...
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FeatureMexico’s Giant Motors to build and export Chinese SUVs beyond Nafta
Giant Motors, a manufacturer of Chinese commercial vehicles in Mexico, is set to launch two new SUV models in a joint venture with China’s Anhui Jianghuai Automobile (JAC Motors) to serve Latin American markets. It will be the first Chinese-brand passenger vehicle built in Mexico for the local market and ...
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FeatureSteimler replaces Nakai as head of NYK Group Europe
Global transport and logistics provider, NYK Group, has appointed Svein Steimler (pictured) as president and CEO of its European business.He succeeds Takuji Nakai, who is returning to NYK in Tokyo as a corporate officer on the board and taking on the role of an adviser for the container division and ...
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FeatureChina’s Tencent buys stake in Tesla ahead of first Model 3 production
Chinese online gaming and social network giant, Tencent, has acquired a 5% stake in US-based electric-car maker Tesla for almost $1.8 billion.Tesla is currently in the midst of a major investment in its manufacturing and supply chain as it prepares for its Model 3 launch and to ramp production capacity ...
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FeatureArticle 50 triggers worry over UK automotive supply chain
As the UK officially kicked off the two-year process of leaving the European Union today (March 29th), a number of trade bodies, manufacturers and analysts have again issued warnings about the risks that would face the British and European automotive supply chains, should the UK leave without securing full access ...
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FeatureTemporary halt to Audi’s Ingolstadt production after fire at supplier plant
Audi's Ingolstadt plant in GermanyA fire at a plant supplying Audi’s Ingolstadt facility has forced the carmaker to temporarily halt production.Pelzer, which supplies inner bulkhead insulation for the Audi A4 and A5 models from its plant in Witten, Germany, said a fire broke out in the early hours of ...
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FeatureVehicle logistics & regulations: The new rules of the game
Donald Trump’s pledge to lighten the US regulatory load should be music to the logistics industry’s ears, but road and rail providers may have to fight their own corners as and when the changes are rung inIn this story... Looking to lighten the burden Testing Trump's orders Waiting for the ...
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FeatureValmet to produce next generation of Mercedes-Benz compacts
Daimler has confirmed that the next generation of it’s compact A-class model will continue to be produced by contract manufacturer Valmet in Finland.The current generation of the A-Class has been produced at the plant in Uusikaupunki since 2013 and in February production of the Mercedes-Benz GLC SUV began there.Daimler has ...
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FeatureRefloated Eukor vessel continues scheduled voyage to South America
[Updated March 30th] Efforts to refloat the Eukor Car Carriers vessel, Morning Claire, which has been stranded on a sand bar two miles from San Lorenzo port in Honduras since March 18th, have been successful.The company reported that the pure car and truck carrier (PCTC) berthed at San Lorenzo port ...
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FeatureLudo Gielen moves to new strategic role at Schoeller Allibert
Returnable packaging provider, Schoeller Allibert, has appointed Ludo Gielen (pictured) to the newly created role of chief strategic growth officer. Gielen has been chief marketing and innovation officer at the company since 2013.Schoeller Allibert said it was facing a period of strong growth and Gielen’s appointment was designed to lift ...
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FeatureInternational rail services start moving vehicles to Portugal and Italy
Two new international vehicle handling rail services have begun operating in recent weeks out of Spain and the Czech Republic.The first, operated by Takargo/Ibercargo, is being used to move Renault vehicles from Spain to Portugal, with trains originating in either Venta de Baños or Valladolid in Spain and running through ...
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FeatureUnipart invests in digital technology to meet 'disruptive and dislocating' pace of change
UK parts manufacturer and logistics provider, Unipart Group, has used the announcement of its annual financial results to highlight a number of investments in digital technology covering inventory control, distribution and sequencing management.Last year the company's turnover was up 3.5% to £747.7m ($934m), up on £722.5m in 2015, and it ...
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FeatureMajor investment to double vehicle handling at Philadelphia port
The US state of Pennsylvania is investing $93m in the port of Philadelphia's finished vehicle terminal to more than double annual import capacity there to 350,000 vehicles. The move is part of an overall $300m government investment in infrastructure, warehousing and equipment at the port.The capital investment programme was first ...
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FeatureWhite House budget blueprint cuts transport in favour of defence
A blueprint federal budget released by the Trump administration has proposed major cuts, including to the Department of Transportation (DOT), in order to fund a major increase in defence spending alongside additions to veterans' affairs and homeland security.In the budget document, America First – A Budget Blueprint to Make America ...
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FeatureTwo years for Brexit deal ‘optimistic’ as FTA calls for transitional trade measures
With the official date now set for the UK to begin its exit negotiations with the EU, the focus has shifted onto how those discussions will progress and whether a deal can really be struck in just two years Rollo: UK will need to complete a number of separate ...
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FeatureInvestigation finds lack of competition in Mexican rail interconnections
The investigative arm of Mexico’s competition commission (COFECE) has suggested there is a lack of competition in interconnection services by the major companies operating the country’s railway network.The unit has just released the preliminary findings of an investigation into the matter following a claim by an unnamed party last year.Kansas ...
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FeatureEuropean transport commissioner wants digital cooperation
Violeta Bulc, the European commissioner for transport, has urged the finished vehicle logistics sector to work with the European Commission and EU member states to push for legislative reforms and policies to support better use of developing technologies.Speaking at an event marking the 20th anniversary of the Association of European ...
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FeatureAt 20 years old, ECG invests in a digital future
The Association of European Vehicle Logistics (ECG) has celebrated its 20th anniversary with an event this week at the Autoworld museum in Brussels, attended among others by European commissioner for transport, Violeta Bulc.Since March 1997, the association has represented the common interests of vehicle logistics companies at a European level ...
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FeatureGdansk increases car volumes as Nissan signs contract with Adampol
The Renault-Nissan Alliance has signed a three-year contract with Polish logistics provider Adampol for the weekly import of Nissan vehicles through the port of Gdansk, in northern Poland. The vehicles are being imported from Japan, Spain and the UK for delivery to markets in central and eastern Europe (CEE) including ...