Logistics

EU sends cartel complaint to 47 companies

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Nippon Express, Ceva and Panalpina are among 47 companies and affiliates across Europe, the US and Asia that received an European Union complaint about alleged price-fixing in freight forwarding. The allegations concern freight-forwarding services from the US to outside the EU, from the EU to the US, from China to the EU and from Southern China/Hong Kong to the EU, the commission said in a statement in 2007. The probe began in October 2007 when the commission raided the offices of Kuehne … [Read more...] about EU sends cartel complaint to 47 companies

K Line acquires 51% stake in Air Tiger Express

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Japanese logistics and air/ocean shipping company, Kawasaki Kisen Kaisha (K Line) has reached an agreement with Air Tiger Express Companies, Inc. (ATEC), a US-based logistics service provider, to acquire 51 per cent of ATE’s shareholding. ATEC is an international freight forwarder and provider of integrated logistics services and has a number of subsidiaries including: Air Tiger Express (USA) Inc., Air Tiger Express (Asia) Inc. and Shenzhen Airport ATE Intl Freight Co., Ltd. … [Read more...] about K Line acquires 51% stake in Air Tiger Express

Toll acquires US forwarding business

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Australia-based Toll Group has announced yet another acquisition, with the A$80 million (US$71 million) purchase of Summit Logistics International (Summit), one of the US’ leading independent freight forwarding and supply chain businesses, according to Toll. Summit generates annual revenue of around A$300 million and is a key provider of ocean freight services on the transpacific trade lane. Based out of New Jersey, Summit provides integrated logistics services to its customers … [Read more...] about Toll acquires US forwarding business

GAC partners AT&T Williams F1 team

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Global logistics company, the GAC Group, has entered into a partnership agreement with the top Formula One (F1) motor racing team, AT&T Williams, to develop cost efficient logistics services in support of their efforts to meet the demands of an industry-wide cost reduction programme. Under the agreement, GAC will provide efficient logistics support in connection with the company’s Formula One freight requirements and oversee the management of the equipment for a challenging … [Read more...] about GAC partners AT&T Williams F1 team

TIACA chairman says air cargo well positioned

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Air cargo can emerge from the global economic crisis in a stronger position than other transport modes as manufacturers rethink their production and supply chain strategies, says the chairman of The International Air Cargo Association (TIACA), Ulrich Ogiermann. Manufacturers and other businesses will be more reluctant than ever to tie up vast investment in stock, taking them back to the principle of ‘just-in-time’ production, he said. This, he added “demands the speed, … [Read more...] about TIACA chairman says air cargo well positioned

Kuehne + Nagel handles Roche logistics in Chile

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Kuehne + Nagel has been awarded a contract to manage the warehousing and distribution activities for Roche Chile. Under the terms of the agreement, Kuehne + Nagel will handle end-products and raw materials. The services also cover the handling of sensitive cargo such as temperature-controlled biotechnological products and psychotropic medicines. Kuehne + Nagel will support Roche Chile in optimizing its distribution processes, improving the performance of the 2,000 sqm logistics warehouse in … [Read more...] about Kuehne + Nagel handles Roche logistics in Chile