Logistics

Toll group acquires UAE logistics firm

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Sydney-based Toll Group has announced the acquisition of Logistic Distribution Systems (LDS), a private international freight forwarding company in the United Arab Emirates (UAE). The Toll Group said the Middle East and in particular the UAE was a key strategic market for the rapidly expanding company. “The acquisition of LDS enhances our existing operations in the Middle East and is consistent with our growth strategy. It will be funded from existing cash reserves and the transaction is … [Read more...] about Toll group acquires UAE logistics firm

Volex awards Panalpina with global contract

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The Volex Group — a global producer of high speed, fiber optic and complex cable assemblies as well as electrical power cords — has awarded its global freight management to Panalpina. The implementation process has started and will be carried out in three phases and will be followed by a detailed evaluation of Volex supply chain management requirements globally,Panalpina said. … [Read more...] about Volex awards Panalpina with global contract

Ceva reports 33% drop in Q3 earnings

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Earnings for the world’s fourth-largest supply chain provider dropped by a third in the third quarter. Netherlands-based Ceva Logistics reported US$101.3 million in earnings, down 33 per cent from the third quarter of last year, and $1.5 million less than the previous quarter. The company’s revenue declined by nearly16 per cent to about $2 billion. “We continue to build our capabilities and are making positive headway,” said John Pattullo, Ceva Logistics … [Read more...] about Ceva reports 33% drop in Q3 earnings

DHL opens new Philippines Logistics Center

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DHL Supply Chain has opened its new four hectare (40,000 square meters), Php40 million (US$850,000) DHL Logistics Center in Parañaque City in the Philippines. One of the largest DHL Supply Chain facilities in the Philippines, the multi-user facility has been custombuilt to suit the needs of key industries, boost DHL’s market leading position through increased operational efficiency and ability to deliver flexible and optimal supply chain solutions to customers, the company said. … [Read more...] about DHL opens new Philippines Logistics Center

DHL wins major contract extension at Heathrow

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Heathrow Airport Limited (HAL) has extended its contract with DHL Supply Chain for the operation of the Heathrow Consolidation Center (HCC) until October 2012. The contract worth around £9 million (US$14.7 million) a year will extend the partnership for the consolidation of deliveries to 323 retail and catering outlets, pubs and restaurants within the airport beyond the duration of the London Olympic Games when passenger levels are expected to rise. The new agreement has almost doubled in … [Read more...] about DHL wins major contract extension at Heathrow

KN wins aircraft interiors logistics deal

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Premium Aircraft Interiors Group (PAIG) has appointed Kuehne + Nagel (KN) as its global logistics partner. The deal will see the logistics aspect of PAIG’s after-market business for aircraft cabins outsourced to KN across sea, air and road. KN said it would install its web-based, supply chain visibility platform, KN Login, for PAIG and “undertake process improvements and operations reviews for Premium”. … [Read more...] about KN wins aircraft interiors logistics deal