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News – Page 172
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FeatureHellmann owner moves onto supervisory board
Klaus Hellmann, managing director and joint owner of Hellmann Group, will relinquish his role to take on a supervisory board position as the global logistics company continues a transition into a new corporate structure.Klaus (pictured), 67, and his cousin Jost, 63, who owns the other 50% of the business, are ...
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FeatureFord and Unifor reach tentative labour agreement in Canada
Ford and Canada’s Unifor labour union have reached a tentative agreement on a four-year national labour contract covering more than 6,400 employees.The deal comes after similar recent agreements between Canada’s largest union and carmakers General Motors and Fiat Chrysler Automobiles (FCA), completing the round of wage negotiations between the union ...
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FeatureBrussels gives thumbs-up to UECC Ibérica sale
Spain’s terminal operating and services company Marítima del Mediterráneo (Marmedsa) is to take a 50% stake in UECC Ibérica, the Portuguese-based firm that manages and operates the finished vehicle terminal at the northern Spanish port of Pasaia (Pasajes).The remaining 50% of the company will be retained by short-sea maritime services ...
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FeatureRussian overcapacity forces some strategic changes in logistics
Overcapacity in the Russian automotive market looks set to be a long-term problem, the Russian Economic Development Ministry has admitted, and is starting to prompt changes to supply chain strategy.By 2020, the gap between production capacity across Russia’s automotive plants and sales volumes there will remain at 1m cars a ...
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FeatureFCA invests over $10m in Mopar PDC in Michigan
Fiat Chrysler Automobiles (FCA) is investing $10.4m in a parts distribution centre (PDC) that will handle aftermarket parts for its service, parts and customer-care brand, Mopar.Work has already begun on the 46,500 sq.m facility, which is located in Romulus, Michigan, and is scheduled to open in the third quarter of ...
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FeatureIMO approves major cut to maximum sulphur levels in shipping
The International Maritime Organization (IMO) has officially approved more stringent global sulphur emission requirements that must be in place by the end of the decade.The new rules were approved at the 70th meeting of the United Nations body’s Marine Environment Protection Committee (MEPC) held in London last week.By the end ...
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FeatureK Line, MOL and NYK form container joint venture
Global maritime logistics providers Kawasaki Kisen Kaisha (K Line), Mitsui OSK Line (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) are integrating their respective container shipping businesses in a new, as yet unnamed, joint venture. The merger includes the companies’ worldwide terminal operations, with the exception of Japan.NYK will own 38% ...
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Private equity firm Tailwind Capital buys MetroGistics
US-based automotive third party logistics provider MetroGistics has been bought out by private equity firm Tailwind Capital for an undisclosed sum."We are excited to partner with the MetroGistics management team,” said Jeff Calhoun, partner at Tailwind Capital. “The team brings extensive logistics industry experience and an impressive track record of ...
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FeatureNissan UK commits to Qashqai and X-Trail at Sunderland plant
Months of doubt over Nissan’s plans for investment in its Sunderland plant following the UK’s decision to exit the European Union (EU) seem to have been resolved with the announcement that the carmaker will make the next model Qashqai there as well as adding the X-Trail, which is currently made ...
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FeatureXPO Logistics sells NA truckload business to TransForce
XPO Logistics has sold its North American truckload business to TransForce for $558m and will use the proceeds to pay down debt.The business formed part of XPO’s $3 billion acquisition of logistics provider Con-way in October 2015 and takes place as the company narrows its focus on areas where it ...
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FeatureConstellium invests in new line to serve a changing auto landscape
The growing penetration of aluminium in vehicle manufacture is changing the landscape in the automotive industry, Arnaud Jouron (pictured), president of Constellium’s packaging and automotive rolled products business unit, has suggested.Speaking to Automotive Logistics soon after the Dutch company inaugurated a €180m ($196m) integrated aluminium rolling, finishing and recycling line ...
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FeatureLong way still to go for Heathrow third runway
The UK government has approved a third runway at Heathrow but the decision has been met with both praise and hostility, suggesting that there are still a number of hurdles to clear before construction actually gets underway.Along with the handling of 75m passengers a year, the airport is also the ...
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FeatureGeely ‘redesigning every link in the chain’ with Lynk & Co
Chinese carmaker Geely’s launch of the Lynk & Co brand this week is not just the launch of a fully connected digital vehicle, nor an attempt to penetrate western markets from China; it is also an attempt to change the way cars are bought, owned, serviced and used – and ...
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FeatureFire aboard vessel docked at Antwerp port
An investigation is underway into a major fire that broke out last week aboard the pure car and truck carrier (PCTC) Silver Sky when it was docked at the port of Antwerp, in Belgium.The fire is reported to have started around midnight last Thursday (October 20th) in the hold of ...
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FeatureDSV consolidates Road and Solutions operations in Homburg
Global logistics provider DSV has officially opened a logistics centre in Homburg, Germany. The 22,000 sq.m warehouse consolidates operations from three previous branches in the southern Saarland region – two in Saarbrücken and one in Saarlouis. The move also means DSV is bundling freight forwarding and contract logistics services provided ...
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Port of Paranaguá predicts 83% rise in finished vehicle traffic
The number of finished vehicles that the Brazilian port of Paranaguá will handle in 2017 is expected to grow by 83%, compared to this year. Forecasts from operators indicate that around 163,000 units, taking both imports and exports into account, will pass through the port next year – some 73,000 ...
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FeatureCanadian pension fund manager buys stake in TVS Logistics
The Quebec Deposit and Investment Fund (CDPQ) has acquired a $155m interest in Indian-based third-party logistics provider, TVS Logistics Services.According to India’s Economic Times, the Canadian pension fund manager has acquired a 37% stake for its money, valuing the company at almost $420m (2,700 crore rupees).The deal will see Goldman ...
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FeatureIveco supplies i-Fast with LNG tractor units
Truckmaker Iveco has supplied ten Stralis tractor units powered by liquefied natural gas (LNG) to i-Fast Automotive Logistics, the car carrier division of Fiat Chrysler Automobiles (FCA) based in Italy and operating across Europe. Neither company disclosed the value of the deal.According to Iveco, it is the first delivery in ...
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FeatureVW ramps up Brazil output following assembly disruption
Volkswagen is accelerating its production in Brazil to 50,000 vehicles a month, following a widespread shutdown across its four plants in the country because of a parts supply problem. The stoppage is thought to be related to seat supplier Keiper, owned by Prevent DEV Group, though Volkswagen do Brasil (VW ...
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FeatureDB Cargo UK reshapes business in wake of coal and steel declines
Last week’s statement by Deutsche Bahn’s rail freight division in the UK – DB Cargo UK – that it is likely to cut almost 900 jobs and downsize its operations across the country was in part explained by the dramatic decline in the coal and steel markets. Between January 1st ...