According to a new report by Transport Intelligence (TI) titled Global Automotive Logistics 2009, the next year will be critical for logistics companies to come to terms with the systemic restructuring which the industry is undergoing. The report highlights the state of the US market, in which General Motors and Chrysler have been bankrupted and Ford’s production capacity severely compromised. In contrast, Hyundai, Volkswagen and Daimler are opening new plants and Toyota, Nissan and … [Read more...] about Logistics must adapt to auto industry changes
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Logistics
U-Freight moves on MRO logistics ambition
International freight service and logIn Singapore, the U-Freight Group (UFL) has opened a new humidity-controlled logistics facility, for the handling and storage of aircraft engines and aviation components. The Humidity Control Room, measuring nine metres long, 5.2 metres wide and four metres high, is housed within UFL’s wholly-owned Logistics Centre in Singapore, which is TAPA-certified, has 24-hour manned security and is equipped with CCTV monitoring, as well as a PCSC Card Access … [Read more...] about U-Freight moves on MRO logistics ambition
UPS signs Shenzhen Customs agreement for new China hub
UPS and the Shenzhen Customs authority signed a memorandum of understanding (MOU) today to seal the terms of their partnership at the soon-to-be-completed UPS intra-Asia hub, located at China's Shenzhen International Airport. “We believe the new hub will greatly boost export developments in the Pearl River Delta region and increase the total volume of freight transportation and employment level,†said Shi Fushen, Deputy Director General, Shenzhen Customs Provincial HQ. … [Read more...] about UPS signs Shenzhen Customs agreement for new China hub
TNT continues Viet expansion with new ops hub
TNT, leading provider of integrated express services, officially opened its expanded and re-modeled International and Domestic Operations Centre in Ho Chi Minh City this week. Located next to Tan Son Nhat International Airport, the 3,000 sq metre facility features state-of-the-art technology for freight processing, tracking and security. TNT said it aims to "take a key position in contributing to the support of important national trade and development goals," by modernising and expanding the … [Read more...] about TNT continues Viet expansion with new ops hub
DHL profit plunges 71 per cent, outlook uncertain
Depressed revenue and bad debts pushed profit in the second quarter down 71 per cent for The world's biggest logistics company as Deutsche Post DHL warned of tough market conditions going forward. Profit plunged to US$93.7 million from $328 million a year ago. Mail, express, freight forwarding and contract logistics revenue all shrank by nearly 18 per cent to $15.8 billion. Operating income fell by a lower-than-expected 38 per cent to $392 million, aided by cost cutting. The Bonn-based company, … [Read more...] about DHL profit plunges 71 per cent, outlook uncertain
Schenker begins ops at new Korean semiconductor facility
DB Schenker has extended its involvement in the Korean logistics market with the start of operations of Schenker Korea Ltd's semiconductor distribution centre at its Korea Logistics Center in the Free Trade Zone at Incheon Airport. The first of its kind in Korea, the facility began operations recently for Dutch company ASML - a leading provider of lithography systems for the semiconductor industry that are critical to the production of integrated circuits, or chips. … [Read more...] about Schenker begins ops at new Korean semiconductor facility
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