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All News articles – Page 160
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FeatureGefco reports strong growth in profitability
French logistics provider Gefco has announced strong growth in operating profits for the year to the end of 2016 after a proactive policy to optimise purchases and reduce fixed costs.Earnings before interest, tax, depreciation and amortisation grew 32.1% to €172.8m ($193.3m). Revenues were up 1.3% to €4.23 billion.The strong results ...
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FeatureHub Group adds dedicated trucking arm with $306m Estenson purchase
US-based multimodal services provider Hub Group has agreed to acquire dedicated trucking company Estenson for $306m.Hub chairman and CEO David Yeager said his company had been searching for an acquisition in this market segment for the past two years, to help it provide “a more complete multimodal solution”.Hub’s top 30 ...
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FeatureVolvo kicks off China-Europe rail service for S90 exports
An initial shipment of Chinese-built Volvo S90s arrived by train in Zeebrugge, Belgium this week, making Volvo Cars the first carmaker to export China-made vehicles to Europe using rail.The shipment, which will be followed by a regular service according to Volvo, is a significant development in turning the Geely-owned Swedish ...
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FeaturePart shortage limits BMW production around the world
BMW has been forced to limit or stop vehicle production at several of its facilities globally this week after tier one supplier Bosch was unable to provide a sufficient number of steering gears to the German carmaker.Various plants in Germany were affected, while the Tiexi plant in China and Rosslyn ...
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FeatureDaimler signs major service contract with Demag
Daimler has recently signed a major service contract with equipment supplier Demag for the maintenance of lineside lifting equipment at four of its plants in Germany.Demag, which became part of Konecranes Group last year, will inspect and maintain more than 10,000 cranes and hoists, along with more than 23,000 load ...
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FeatureUSC looks at barges for the delivery of car volumes in Russia
Alexey Rakhmanov (left), the director of Russia’s biggest shipbuilder, United Shipbuilding Corporation (USC), has revealed that the company is designing river barges for the transport of finished vehicle volumes on Russia’s inland waterway network.Currently there are no such services in Russia but Rakhmanov said this could change in the near ...
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FeatureOfficials get traffic moving at storm-hit Laredo border crossing
Officials on both sides of the US and Mexican border have diverted traffic and had partially opened the World Trade International bridge just days after a storm caused significant damages at the vitally important Laredo crossing and forced authorities to stop operations. On Thursday, officials at the Laredo Police Department ...
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FeatureDaimler breaks ground on new battery factory
Daimler has held the groundbreaking ceremony for a new €500m ($559m) battery factory in Kamenz, Germany as the company targets the inclusion of more than 10 all-electric passenger cars in its portfolio by 2022.“The automotive industry is facing a fundamental transformation and we see ourselves as the driving force behind ...
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FeatureAudi agrees to sell future SAIC production through existing dealer network
Audi has agreed to sell any vehicles produced under its deal with SAIC through its existing sales network, after dealers expressed fears the new partnership would increase competition and lose them access to key new products.The company already has a 29-year partnership with FAW Group in China and last year ...
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FeatureBMW Brilliance puts technology first in China plant expansion
New technology is at the centre of a €1 billion ($1.1 billion) expansion of BMW’s joint venture plant with Brilliance Automotive in Dadong, China. The expansion includes a networked production system based on industry 4.0 applications, as well as mobile smart devices and supporting ‘exoskeletons’ for workers.BMW Brilliance Automotive opened ...
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FeatureChina approves JAC-VW electric vehicle production plan
The China National Development and Reform Commission (NDRC) has given final approval for local carmaker JAC and Germany’s Volkswagen Group to jointly produce a new brand of passenger electric vehicles in the country.The two companies first signed a memorandum of understanding for an electric vehicle partnership back in September.A statement ...
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FeatureGeely chosen as Proton’s strategic partner
Chinese carmaker Geely will take a 49.9% stake in Malaysia’s Proton group, as well as a 51% controlling interest in luxury car brand Lotus as part of a deal with DRB-Hicom Group.Under a $360m bailout agreement signed with the Malaysian government last year, the carmaker was required to find a ...
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FeatureSchenker helps Schuler deliver press to Detroit
Industrial press manufacturer Schuler has worked with logistics provider Schenker Deutschland to secure the delivery of a 106 ton hydraulic press from its facility in Erfurt to the Institute for Advanced Composites Manufacturing Innovation (IACMI) research facility in Detroit, Michigan.The press, which can exert a force of 4,000 US tons, ...
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FeatureGM restricts production in India to exports and exits South Africa after 90 years
General Motors has announced further restructuring of its international businesses, including moving to an export-only production model in India and exiting the South African market altogether.Poor sales, margins and a lack of scale in the supply chain have contributed to the decisions. They follow a recent pattern at GM of ...
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FeatureBMW works on spare parts rail link in Germany
BMW is linking its spare parts warehouse in Wallersdorf, Germany to the rail network in an effort to reduce emissions.Rail services are expected to begin in September this year, following two years of development, and will remove 17,500 truck journeys every year, yielding a reduction of 88 tonnes in CO2 ...
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FeatureFord names Hackett as CEO and makes three other top executive appointments
Ford has named Jim Hackett (pictured) as its new president and CEO, replacing Mark Fields, who is retiring after 28 years with the company.The carmaker has also made three further top-level appointments: Joe Hinrichs takes up the role of executive vice-president and president of global operations; Jim Farley has been ...
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FeatureBrazil’s Itapoá port handles trial BMW imports
The Brazilian port of Itapoá has carried out a trial operation for the import of BMW vehicles from the US recently, with a view to starting more regular throughput.BMW has a factory in Araquari that produces the 3 Series and X1 models, both of which are in high demand in ...
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FeatureEmirates SkyWheels service flies JLR vehicles to Chicago from Birmingham
Emirates Airline’s freight division, SkyCargo, has announced a bespoke new service for Jaguar Land Rover, flying finished vehicles from the UK’s Birmingham airport to Chicago in the US.Logistics provider Metro Shipping coordinated the service, with the first flight taking place last week. The company has a specialist automotive division located ...
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FeatureUS officially kicks off Nafta renegotiation process
Recently sworn-in US Trade Representative (USTR), Robert Lighthizer (pictured, left), has notified Congress of the Trump administration’s intention to renegotiate the North American Free Trade Agreement (Nafta) with Mexico and Canada, officially kicking off the process of reworking the two decade-plus old pact.During his election campaign last year, Trump took ...
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FeatureToyota Motor Europe recognises Yusen Logistics for acquisition skills
Award winners – click to enlargeYusen Logistics (Europe) was the only logistics company to receive an award from Toyota Motor Europe at its Annual Business Meeting & Supplier Awards Ceremony held in Brussels, Belgium, recently.Of the 27 awards given to the carmaker’s parts and services suppliers in Europe, Yusen ...