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  • LAN Airlines fined US$22 million

    WASHINGTON, DC: July 25, 2016. The U.S. Securities and Exchange Commission (SEC) and U.S. Department of Justice has fined LAN Airlines (LAN) a total of US$22 million to settle civil and criminal cases relating to payments it made during a dispute with union employees in Argentina. According to the SEC, as part of a deal that LAN reached with the Argentine government in March 2005, the airline was required to hire between six and eight hundred employees from the state-owned LAFSA and Southern Winds airlines that subsequently became LAN Argentina. The SEC says the five unions involved had no hesitation Read More
  • Ekol signs €12 million truck deal

    ISTANBUL: July 25, 2016. Turkish 3PL Ekol Logistics is buying 150 new Mercedes-Benz Actros trucks for €12 million to expand its Romania-based logistics operation. Ekol also owns five RORO vessels and operates 40 block trains per week via its 12 European-based subsidiaries. "The Mercedes-Benz Actros trucks are fuel-efficient and reliable. They are our No. 1 choice in terms of eco-friendliness and performance," said Ekol chairman Ahmet Musul. "Cost benefits are characteristic core values of the green logistics that Ekol has championed for many years now," he added. Ekol Romania will expand its truck fleet to 227 with the new units Read More
  • €2.9 billion fine for truck manufacturers

    BRUSSELS: July 20, 2016. The European Commission (EC) has fined truck manufacturers Volvo/Renault, Daimler, Iveco and DAF over €2.9 billion for 14 years of price fixing while they passed on the costs of emissions' compliance to customers. The EC said MAN escaped a fine because it was the whistleblower - and added that an ongoing investigation into truck manufacturer Scania is not covered by the current settlement. According to the Commission, between 1997 and 2004 senior managers from the other five manufacturers met at trade fairs to fix the factory price of trucks weighing from six to over 16 tonnes, the Read More
  • Union Pacific loses steam

    OMAHA, NE: July 21, 2016. Union Pacific (UP) railroad has reported second quarter revenue of US$4.7 billion – down 12 percent from the same period in 2015. Net income fell 19 percent year-on-year to US$979 million. Average revenue per carload declined 2.0 percent to US$2,163. The company reported revenue falls in all its business segments: Agriculture traffic dropped 3.0 percent; Chemical haulage was down 5.0 percent; Automotive fell 13 percent; Industrial Products decreased 14 percent; Intermodal traffic was down 16 percent and Coal shipments fell 27 percent. "While the second quarter was again challenging from a volume perspective, we continued focusing Read More
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Written on 22/07/2016, 21:59
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freightweek - sustainability in the global logistics industry

According to Unilever CEO Paul Polman, geopolitical and climate-related factors mean an extra €300 million a year in distribution costs. He says this not only impacts shareholders but also five million people in the company's supply chain and more than two billion consumers. Unilever's answer: http://www.unilever.com/sustainable-living-2014/.

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