All News articles – Page 160
-
FeatureGefco appoints Tony Gunn as head of freight forwarding
Tony Gunn has been recruited as executive vice-president of Gefco’s freight forwarding division. He moves from his previous role at XPO Logistics as managing director of Europe and brings 25 years of experience in the logistics sector.Gefco said his role would be to strengthen profitable growth in the company’s freight ...
-
Feature
Yusen Logistics launches TSG and renames warehouse division
Third-party logistics provider Yusen Logistics (Americas) has set up a group to provide customised cross-border and associated consolidation as well as transport services between the US and Mexico.According to the company, the Transportation Solutions Group (TSG) will focus on three areas. The first is the provision of “specialised and niche” ...
-
FeatureHonda invests a further $85m in Alabama assembly plant
Honda has announced plans to invest $85m in its Lincoln plant in Alabama, including an expansion at the south end of Line 1 of the vehicle assembly operation there.The company said the investment was the first part of a multi-phase project to “improve vehicle manufacturing flexibility, strengthen the logistics efficiency ...
-
FeatureGrupo Mexico buys Florida railway company for $2.1 billion
Grupo Mexico has agreed to acquire US-based Florida East Coast Railway (FEC) for $2.1 billion.The diversified group, which already controls a large part of Mexico’s railway system, will use cash and debt to buy FEC from subsidiaries of the Fortress Investment Group.FEC owns 565km of railways along the coast of ...
-
FeatureNeptune Lines adds service between Europe, UK and Ireland following Renault contract
Short-sea operator, Neptune Lines, is adding a new ro-ro service between northern Spain, France, the UK and Ireland following a contract with Renault.The company is dedicating two vessels to a direct, weekly service that it said would also serve all major customers in the region, covering vehicles, high and heavy ...
-
Feature
BMW to develop new $31m distribution centre in South Africa
German carmaker, BMW has announced a R400m ($31m) investment in a South Africa regional distribution centre, about 55km from its Rosslyn plant near Pretoria.Local company, Attacq will be developing the 32,000sq.m distribution centre at the Waterfall mixed-use development in Midrand. Distribution is expected to start by mid-2018, for an initial ...
-
FeatureEkol Logistics enters Slovenia
Turkish transport and logistics provider Ekol Logistics has officially entered its 15th country with the establishment of a local branch in Slovenia."Ekol Slovenia will provide services of international and domestic FTL [full truckload] and groupage transport,” said Miha Ulcar, manager of the Slovenian branch.The company, which will be operational within ...
-
Feature
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 ...
-
Feature
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...