The Toll Group has continued its acquisition push with the purchase of the Express Logistics Group (ELG) in late October, one of New Zealand’s largest freight forwarding companies for A$50 million (US$45 million) after acquiring Japan’s Footwork Express earlier in the month. ELG currently operates 12 freight forwarding branches across New Zealand, Australia and the US, and also provides value adding warehouse and transport services to its customers. ELG is principally … [Read more...] about Toll moves on Japan and New Zealand
Logistics
US$32M Oz logistics hub for DHL
Global logistics company, DHL recently opened its new A$35 million (US$32 million) airfreight facility at Melbourne airport. The new facility offers the latest in technology, security and environmental credentials and will boost the perishables trade out of Victoria and Tasmania, the company said. Covering almost 50,000 m2, the new facility includes two state-of-the-art, 850 m2 multiple variable temperature controlled cool rooms designed to handle the region’s thriving life … [Read more...] about US$32M Oz logistics hub for DHL
Aramex breaks ground in Dubai Logistics City
Aramex has broken ground on its Dubai-based Logistics Centre, located in Dubai Logistics City (DLC). The AED 120 million (US$37.2 million) facility encompasses a built-up area of over 43,000 square metres, situated over a 140,000 square-metre area of land, and is due for completion in the first quarter of 2011. The logistics centre is strategically located next to the Jebel Ali Port and Free Zone, complementing Aramex’ product offering of total logistics solutions. The new Aramex … [Read more...] about Aramex breaks ground in Dubai Logistics City
Kuehne + Nagel reports “very satisfactory†Q3
Kuehne + Nagel has released its financial figures for the first nine months of 2009 saying it had achieved “very satisfactory†results due to the ‘early, consistent implementation’ of its dual strategy of strict cost management and commitment to market-share expansion. Total net revenues fell by 23 per cent to CHF10.94 billion (US$10.66 billion). Gross profit was 7.3 below the figure of the previous year’s period. Operational result (EBITDA) decreased by … [Read more...] about Kuehne + Nagel reports “very satisfactory†Q3
Panalpina and Atlas Air extend partnership
Global forwarding and logistics group Panalpina and its long-time airline partner Atlas Air have announced a renewal of their cooperation agreement under which Panalpina provides owncontrolled capacity between Europe, North America and Mexico and links the company’s oil and gas hubs. The ‘Dixie Jet’ service’s capacity is managed by Panalpina while the Boeing 747F freighter aircraft are operated by Atlas Air. Panalpina and Atlas Air have been working … [Read more...] about Panalpina and Atlas Air extend partnership
CEVA opens ‘Pyramid’ warehouse in Dubai
CEVA Logistics has announced the opening of ‘Pyramid,’ a new 12,000 sq.m warehouse located in the JAFZA South Zone in Dubai. The new facility will serve as CEVA’s Middle East headquarters and manage products for four key regional customers working in the electronics, fashion and industrial sectors, the group said. “We are rapidly expanding our presence in Dubai. We anticipate that our Jafza facilities will grow by a further 65,000 sq.m in the next 12 months, … [Read more...] about CEVA opens ‘Pyramid’ warehouse in Dubai
