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  • Maersk Line gets go-ahead to purchase Hamburg Süd

    COPENHAGEN: APRIL 28, 2017. Maersk Line is to go ahead with the purchase of Hamburg Süd for €3.7 billion in cash following Board approval by both companies. On March 23 this year the U.S. Department of Justice gave the companies a green light and this was followed by the European Commission on April 10, who added a caveat that Hamburg Süd must withdraw from five consortia linking various points in Northern Europe, Central and South America and the Middle East. The acquisition is expected to close by the end of the year at which time the combined company will operate Read More
  • British brands hit by Brexit

    LONDON: April 27, 2017. Valuation and strategy consultant Brand Finance says British brands have lost 6.0 percent of their value since the Brexit vote last year led to the devaluation of Sterling. In its latest index of 140 leading British brands, the company said 88 have seen a fall in value with British Airways and Virgin Atlantic dropping 7.0 percent and 15.0 percent respectively. Brand Finance said the fall in Sterling has left British brands vulnerable to takeover, citing the recent failed bid by Kraft Foods for (Anglo-Dutch) Unilever, and the successful acquisition of chipmaker ARM by Japan's SoftBank. Company Read More
  • JD.com to offer smart supply chain services

    BEIJING: April 25, 2017. JD.com, China's other online retailer, has launched JD Logistics to provide smart supply chain and logistics services to a wide range of business sectors. The company said it would use AI, big data and automation to leverage the accumulated data from every step of its e-commerce process, from ordering to delivery and after-sales service. "This move is a major step in our vision to make technology even more central to what we do over the next 12 years," commented chairman and CEO Richard Liu. "In the 10 years since JD.com launched China's first B2C logistics network, Read More
  • Bahrain airline to operate new Boeing conversion

    WILMINGTON, OH. April 25, 2017. Bahrain-based Texel Air is the launch customer for a new conversion program by Pemco World Air Services for the B737-700.  The charter airline, a subsidiary of MRO provider Chisholm Enterprises, will operate a 'FlexCombi' version of the aircraft, designated a B737-700FC. The aircraft will have three configurations: a 24-passenger cabin plus six main deck pallet positions and a 30,000lbs payload; a 12-passenger cabin plus seven pallet positions to carry 35,000 lbs.; or a full-freighter version with eight pallet positions for a 40,000lbs payload. A second version, the B737-700F, will have space for nine pallet positions Read More
  • Fraport gets cargo and Greece gets €1.2 billion

    FRANKFURT AIRPORT: April 24, 2017. The Fraport 'Speed Gate' at CargoCity South, where pallets are unloaded at four automated gates, security checked within the gates and delivered to a waiting aircraft, has processed its 100,000 tonne from Lufthansa Cargo since the company began using the facility in the Autumn of 2014. "With optional mobile add-ons, such as our 'Mobile Acceptance' and 'Customized Import' services, our customers have responded very well to both service offerings," said Lufthansa Cargo board member responsible for Operations Sören Stark. "Eighty-one percent of the cargo units built by our customers at CargoCity South, known as BUPs, Read More
  • Air cargo volumes rise as yields remain a challenge

    GENEVA: April 20, 2017. IATA reports a slowing of air cargo volumes to a 1.3 percent rise in the three months to February 2017, compared to 2.3 percent and 3.5 percent for the preceding two quarters. Citing an 8.2 percent increase in the 12 months to February, the organization says this reflects an upturn in global economic and trade conditions, with business surveys pointing to another quarter of "robust" growth in the second quarter of 2017. "In the past, this has tended to occur at the start of upturns in the economic cycle," according to IATA economist David Oxley. "Cargo Read More
  • Brexit trade implications revealed

    LONDON: April 20, 2017. The announcement this week of a UK general election on June 08 in a bid by UK prime minister Theresa May to confirm her government's position on Brexit, follows publication of a guide to the uncertain future relationship between the UK and European Union by UK-based trade consulting service Tradewin. Meeting with Theresa May in London on April 20, European Parliament president Antonio Tajani stressed the importance of a deal to safeguard people's rights in the wake of Brexit. "The European Parliament's message is clear: strongly defending their interests is our first priority," he said. In a Read More
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Latest News

Written on 28/04/2017, 19:13
amazon-3rd-party-fulfillment-revenue-up-34-percentSEATTLE: April 28, 2017. Amazon has reported net income of US$724 million on sales of US$35.71 billion for the first quarter of 2017. Results for the...
Written on 27/04/2017, 19:19
ai-to-feature-at-transport-logistic-in-munichMUNICH: April 27, 2017. A survey of German logistics executives says 70 percent of respondents are investigating the use of artificial intelligence...
Written on 27/04/2017, 17:28
hapag-lloyd-best-shipping-line-brandBERLIN: April 26, 2017. Readers of "Logistik Heute" magazine and a panel of experts from the German Logistics Association (BVL), have recognized...
Written on 27/04/2017, 15:54
british-brands-hit-by-brexitLONDON: April 27, 2017. Valuation and strategy consultant Brand Finance says British brands have lost 6.0 percent of their value since the Brexit vote...
Written on 25/04/2017, 22:01
fraport-gets-cargo-and-greece-gets-1-2-billionFRANKFURT AIRPORT: April 24, 2017. The Fraport 'Speed Gate' at CargoCity South, where pallets are unloaded at four automated gates, security checked...
Written on 24/04/2017, 20:30
bank-deal-opens-maritime-green-doorLUXEMBOURG: April 22, 2017. The European Union's non-profit European Investment Bank (EIB) has signed a €150 million loan agreement with Dutch bank ABN...

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: https://www.unilever.com/sustainable-living/

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