All News articles – Page 245
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FeatureFreight trade-finance service expands to European automotive sector
Elavon Freight Payment, a subsidiary of US Bancorp, is expanding its freight-payment trade finance service into Europe. The system will allow freight forwarders to hold onto money longer, accelerate payment to carriers, and offer carriers an alternative to factoring and other financing options used in Europe currently. Some automotive tier ...
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FeatureIran Khodro doubles production in Iraq as transport costs drop
Iran's main carmaker, Iran Khodro Industrial Group (Ikco), has reported that it has doubled vehicle production at its plant in Iskandariya in Iraq to 100 units a day. The carmaker said that sales had increased in part because of a drop in transport fees, which had a knock-on effect on ...
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FeatureNYK announces service in Myanmar with Silverbird Auto Logistics
[Story updated on 28 October] Global logistics provider NYK has signed a contract with Silverbird Auto Logistics to provide inland transport services for finished vehicles in Myanmar. Services began last week.Silverbird Auto Logistics is part of the Phee Group, which operates shipping and liner operations as well as providing third ...
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FeatureLe Mercier to lead Chep's automotive business
Container pooling provider, Chep Automotive and Industrial Solutions, has appointed Laurent Le Mercier to the newly created position of senior vice president, Global Automotive. [sam_ad id=6 codes='true']Le Mercier will head Chep's local automotive businesses around the world and develop it into one customer-focused business unit, according to the company.The company ...
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FeaturePSA to launch assembly operation in Belarus
PSA Peugeot-Citroen is set to launch a small scale assembly operation of completely knocked down (CKD) kits in Belarus in November, according to representatives from the local division of the company. The capacity of the enterprise will be around 2,500 units per year, which will allow PSA to cease imports ...
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FeatureMario Cavallucci to head up Yusen Logistics Germany
Mario Cavallucci has been appointed to the position of managing director, Yusen Logistics Germany. Mario first joined Yusen Logistics as deputy managing director in May 2014, and began his new position at the start of October. He will be based at the company’s German headquarters in Dusseldorf. Speaking about his ...
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FeatureYusen Logistics opens new China warehouse
Yusen Logistics China, air/ocean freight forwarding and contract logistics provider, has recently opened a new warehouse in Guangzhou, the capital of the Guangdong province in south China. Yusen Logistics already has a number of automotive related customers in the area, and is also anticipating growth in demand from the consumer ...
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FeatureGianfranco Sgro to lead K+N contract logistics
Kuehne+Nagel (K+N), global transportation and logistics company based in Switzerland, has appointed Gianfranco Sgro to the management board. He will have global responsibility for K+N’s contract logistics business. Sgro will take over the position from K+N’s CEO Dr Detlef Trefzger on Febraury 1st 2015. Trefzger will hold the position until ...
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FeatureFCA’s Wall Street debut muted; Marchionne targets China expansion
Fiat Chrysler Automobiles (FCA) made its Wall Street debut on Monday, with a muted response from investors. Analysts critical of FCA have led to investors being cautious about the listing. IHS Automotive, an industry research firm said it does not expect FCA to meet CEO Sergio Marchionne’s aggressive sales targets ...
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FeatureUkraine and Russia to mutually increase import duties on cars
Russia and Ukraine are soon set to raise the import duties on passenger cars from each respective country by 10-15%, official statements from the authorities in Moscow and Kiev suggest. Formally, the reason behind the increase in import duties on passenger cars from Ukraine to Russia is due to the ...
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FeatureRussia will not ban vehicle imports from EU and US
OEMs and logistics providers may be able to breathe a small sigh of relief as Russia's Ministry of Industry and Trade has said it is not considering the possibility of a ban on the supply of passenger cars to Russia from the US and EU, according to Autostat, a Russian ...
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FeatureNeovia acquisition by Goldman Sachs confirmed
Following the news that Goldman Sachs Group's private equity arm, along with Rhone Capital was close to acquiring Neovia Logistics, Platinum Equity has now announced the planned sale. The closing of the transaction is currently pending customary closing conditions, including regulatory approvals. It was widely reported in the press that ...
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FeatureSustainability and packaging dominate Magna Europe awards
Magna Logistics Europe has recognised six companies in its 2014 Innovation Awards, with solutions addressing supply chain complexity, carbon reduction and packaging efficiency taking top honours.An RFID tracking device for air freight by technology provider TAGnology took first place in the ‘Supply Chain Innovation’ category, while Virtual Vehicle won the ...
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FeatureLufthansa Cargo expands in Africa
Lufthansa Cargo, a subsidiary of Lufthansa, has recently added Tunisia and Nigeria to its cargo network.With increased demand coming from Tunisia, the freight airline is increasing its presence on the continent for its 2014-2015 winter flight plan. In September, Lufthansa Cargo began flying to Lagos, Nigeria twice a week, and ...
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FeatureSino-German tier supplier JV in push for new locations
German car parts maker, KSPG, and China’s Huayu Automotive Systems (HASCO) are to set up a joint venture, which was approved at the end of last month.KSPG belongs to the Rheinmetall Group, and HASCO’s majority shareholder is the SAIC Group, one of the China’s largest, state-owned OEMs and a joint ...
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FeatureRichard Morgan to join Euro Car Parts
Richard Morgan is joining Euro Car Parts (ECP), automotive parts distributor, as supply chain director. Morgan has not come from an automotive background, but has held previous roles at Coca-Cola, Homebase, and Argos as supply chain director. In his new role, Morgan will be responsible for all logistics and inventory ...
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FeatureChina announces logistics plan for 2020
China’s government plans to have a new logistics system in place by 2020, by which time it forecasts industry growth in the sector will be 8% and will account for 7.5% of the country’s GDP. At the same time the government said logistics costs will be reduced by 16% against ...
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FeatureFrench government indefinitely suspends truck toll
The French environment and transport ministries have announced they have indefinitely suspended plans for a controversial truck toll, an already watered-down version of the so-called ‘ecotax’. The tax was designed to raise €500m ($638m) annually, but had drawn substantial criticism from the trucking sector. A number of environmental groups have ...
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FeatureBaltimore port opens second berth for vehicle handling
The US port of Baltimore has officially opened a new automotive berth at the Masonville/Fairfield terminal following an investment of $22m. At 358 metres it is 90 metres longer than the existing berth and nine metres wider, as well as being much stronger. It is also equipped to handle rail ...
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FeatureAntwerp port extends e-Desk system for ro-ro exports
[Updated: Added comments]Terminal operators handling vehicle exports at the port of Antwerp in Belgium have now switched to a paperless web-based system called e-Desk to speed up the processing of customs permits for exit declarations.The system was introduced by the Antwerp Port Community System (APCS) back in 2012 for container ...