All News articles – Page 146
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FeatureTPG Capital buys Transplace from Greenbriar
TPG Capital and the management of North American 3PL and technology provider, Transplace, have agreed to buy the company from fellow private equity firm Greenbriar Equity for an undisclosed sum.Transplace is the largest managed transport service provider in North America, according to Greenbriar, generating annual revenue of more than $1.8 ...
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FeatureFVL Import Export summit 2017: Live poll results
Live polling conducted at the Finished Vehicle Logistics Import Export summit in Baltimore showed many are optimistic about how the Nafta negotiations will affect their business, while the investment outlook for port-related infrastructure was very positive for the next three-year period.Delegates at the 2017 Finished Vehicle Logistics Import Export ...
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FeatureFoxconn confirms it is considering Michigan investment
Foxconn Technology Group, the world’s largest contract electronics manufacturer by revenue, has confirmed it is considering Michigan in the US as another investment location – just weeks after announcing a major project in the state of Wisconsin.The South China Morning Post recently reported that the Taiwan-based company was considering growing ...
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FeatureToyota delays new Mexico plant to allow for switch to Tacoma
Toyota has confirmed a report that its new plant in Guanajuato, Mexico will be delayed to prepare it for production of the Tacoma pick-up truck, rather than the Corolla as originally planned.The switch to the different model at the plant formed part of the Japanese carmaker’s recent announcement that it ...
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FeatureHarld Peters appointed as president of UPS China
Harld Peters (pictured) has taken over as president of UPS China, succeeding Richard Loi who will be retiring after 26 years with the company.Peters joined UPS in 1999 as a contract manager of supply chain solutions in the Netherlands and later assumed various management positions in the express and supply ...
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FeatureUS carmakers need production discipline to avoid another crisis
US carmakers need to keep production levels in check if another crisis is to be avoided, delegates at this week’s Finished Vehicle Logistics Import Export summit in Baltimore were told.With the US new vehicle market headed towards its first decline since 2009 this year, there are worrying signs of an ...
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FeatureRenault adds local engine plant to Iran JV agreement
Renault has announced the official formation of its joint venture in Iran with local partner Parto Negin Naseh (Negin Holdings) and the Industrial Development & Renovation Organization of Iran (Idro).The joint venture follows on from the strategic partnership agreement announced at the Paris Motor Show last September, but now also ...
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FeatureNYK convicted and fined in Australia over criminal cartel activity
After admitting its guilt last year, shipping company NYK has been convicted by Australia’s federal court and fined A$25m ($20m) for criminal cartel conduct –the second highest fine ever imposed by the country’s competition authority.In July 2016, following an investigation by the Australian Competition and Consumer Commission (ACCC), the Commonwealth ...
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FeatureDHL says smart glasses for picking now ‘business as usual’
Following a successful international trial period, DHL Supply Chain says its augmented reality smart glasses are now “business as usual” in its warehouses around the world.Last August the company, along with partners Google, Vuzix and Ubimax, said it would be expanding a ‘Vision Picking’ trial based on smart glasses, from ...
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FeatureFaraday Future targets 2018 production start after securing facility in California
Electric vehicle hopeful Faraday Future (FF), which recently decided to put its $1 billion factory development in Las Vegas on hold, has found an existing facility in Hanford, California that it says will put it on a faster path to production.The company has already signed the lease for the 1m ...
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FeatureNissan sells global battery business to Chinese private equity firm
Nissan Motor Company says it has sold its global electric battery business to Chinese private investment fund, GSR Capital, for an undisclosed sum.The sale includes Nissan’s battery subsidiary, Automotive Energy Supply Corporation (AESC), as well as battery manufacturing operations in Smyrna, Tennessee and in Sunderland, England.GSR, with offices in Beijing, ...
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FeatureWWL ALS moves into Scandinavian market
WWL ALS, the division of Wallenius Wilhelmsen Logistics (WWL) that handles abnormal loads and high and heavy equipment, has established a new business unit in Bergen, Norway, taking over premises previously run by WSS Nordic, a division of Wilhelmsen Ship Services (WSS).The new company, WWL ALS Nordic AS, will expand ...
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FeatureKoper and Barcelona to provide more electric car support
The ports of Koper in Slovenia and Barcelona in Spain (pictured) are studying ways to improve the handling of electric vehicles, including putting any necessary new infrastructure into operation.The move forms part of the CarEsmatic project, which supports traditional and electric car distribution using ‘Motorways of the Sea’ solutions and ...
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FeatureLargest vessel ever calls at Malaga with spot shipment from Tarragona
The NOCC Kattegat, operated under charter by Neptune Lines, has become the largest vessel to call at the Spanish port of Malaga after delivering a spot shipment of vehicles there from Tarragona in late July.The vessel, which is 196.4 metres long and has a 5,253-vehicle capacity, discharged 600 Hyundai and ...
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FeatureRudolph Logistics to open first US facility near BMW Spartanburg
Rudolph Logistics is investing $18m in its first US warehouse located in Greer, South Carolina, just 1.6km from BMW’s Spartanburg plant.The 16,000 sq.m facility, which is sited on 2.3 hectares at the Caliber North Business Park, is expected to start operations in September with 150 staff under a new division ...
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FeatureBLG and Fenix commit to expansion of services at Bronka
German logistics provider BLG Logistics and LLC Fenix, the owner and operator of the Russian port of Bronka, have signed an official letter of intent for joint future development of finished vehicle handling at the port.BLG Logistics has been working with Fenix for six months at the port already, following ...
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FeatureToyota and Mazda form ‘capital alliance’ to build $1.6 billion US plant
Japanese carmakers Toyota and Mazda have formed a ‘capital alliance’ that will see them jointly build a $1.6 billion plant in the US with a capacity of 300,000 units a year.Revealing the plan today, Toyota president Akio Toyoda (pictured, left) and Mazda president and CEO Masamichi Kogai (right) said production ...
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FeatureMichael Silvio moves to head Logistics Innovation unit at Surgere
Michael Silvio has moved from his role as senior director of supply chain management at tier one supplier, Cooper Standard Automotive, to take up a newly created position as vice-president of logistics innovation at packaging management and supply chain intelligence provider, Surgere. Cooper Standard has yet to announce a replacement ...
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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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FeatureZebra survey shows manufacturers moving to greater use of technology
Manufacturers are making ever greater use of industry 4.0 technology in their supply chains and moving ever closer to smart factories, a survey by technology provider Zebra Technologies has suggested.Zebra’s 2017 Manufacturing Vision Study, based on 1,100 respondents from the automotive, high-tech, food, beverage, tobacco and pharmaceutical sectors in Europe, ...