All News articles – Page 181
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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 ...
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FeatureAWL takes on warehousing role for Okinawa Scooters
Indian electric scooter manufacturer Okinawa Scooters has awarded a contract for managing warehousing at its Bhiwadi plant in Rajasthan to AWL India.The deal will allow Okinawa to focus on service quality and product management, according to a company statement. It will also reduce lead times and improve stock accuracy.Rahul Mehra, ...
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FeatureWaller named as CFO of Ceva Logistics
Peter Waller (pictured) has been named as Ceva Logistics’ chief financial officer and member of the executive board with immediate effect, replacing Arjan Kaaks.Kaaks, who is said to be leaving to “pursue new opportunities”, only joined the Netherlands-headquartered company from retail firm Maxeda DIY just over a year ago.Waller was ...
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FeatureVW chief warns of ‘immediate end to South Africa’s motor industry’ if incentives are reduced and ownership targets are enforced
Motor manufacturers will leave South Africa if the government reduces the current incentive scheme while moving to penalise them for a lack of black equity holders and suppliers, the head of Volkswagen’s operation in the country has warned.Volkswagen South Africa MD Thomas Schäfer said recent discussions with the government revealed ...
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FeatureFrance adopts digital consignment notes but gaps remain
France has become the 10th country in Europe to ratify the so-called e-CMR protocol, a legal standard for the use of electronic consignment notes for international transport. The move will be an important step in digitising logistics processes and documentation in the EU, particularly for moving finished vehicles by road ...
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FeatureEuropean vehicle logistics could get left behind in the digital dust
Experts at this year’s ECG Conference in Hamburg pointed to the risks and rewards for outbound logistics of the automotive industry’s shift towards digital technology and e-commerce[sta_anchor id="1"]Despite its recent run of economic recovery and relatively strong growth, the European finished vehicle logistics industry could become a victim of technological ...
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FeatureDaimler to quadruple battery production footprint at Kamenz plant
Daimler has started construction of a second lithium-ion battery factory in Kamenz, south-east Germany, which will quadruple the size of the existing production and logistics site to 80,000 sq.m.The €500m ($544m) investment forms part of a €1 billion injection of capital into the carmaker’s overall global battery production compound first ...