News

Freightex hires new CEO

Freightex has appointed Tim Phillips (pictured) as chief executive.

Stobart acquires Innovate chilled goods operations

Stobart Group Ltd has acquired the chilled and ambient goods operations of Innovate Logistics Ltd from its administrators BDO Stoy Hayward, in an effort to broaden its chilled distribution operations in the UK.

Serco on track to meet 2008 forecasts

International service company Serco Group plc said on Monday, June 30, it is on track to deliver on expectations for 2008.

Parcelnet acquires TNT Post courier unit

Parcelnet, the UK's largest courier delivery network, has acquired the courier business of TNT Post, enhancing the company’s network in terms of size and throughput.

Arriva forecasts strong half-year sales

The European bus and transport group Arriva plc said yesterday, June 26, that its half-year revenues would rise by more than 50 percent after strong performance across the group.

British Gypsum extends First GBRf contract

First Group’s rail freight subsidiary GBRailfreight (First GBRf) has signed a new five-year deal of undisclosed value with British Gypsum, at their site at East Leake, Leicestershire.

UPDATE: Stagecoach FY hits forecasts; warns of West Coast upgrades

Stagecoach Group plc said Wednesday, June 25, that trading was in line with market forecasts as it posted an eight percent rise in full-year pre-tax profit.

ACM Shipping to acquire Harris & Dixon

Leading international tanker broker ACM Shipping Group plc said Monday, 23 June, that it has entered into an agreement to acquire the shipbroking business of oil transportation broker Harris & Dixon for £2.5million.

Stagecoach set to post strong year

Perth-based transport group Stagecoach is expected to post seven percent rise in full year profits on Wednesday, June 25, after strong performance from its rail division.

Go-Ahead anticipates strong performance

British bus and train operator Go-Ahead Group plc said on Thursday, June 19, it expects strong full year results driven by strong growth in its bus and rail divisions.

Wincanton pulls offer for rival TDG

The road haulage company Wincanton said yesterday, June 17, that it has withdrawn its £228.6 million offer for TDG just days before the takeover deadline.

Haulage industry calls for government aid

The haulage industry has increased efforts to secure government aid for companies struggling as a result of surging fuel prices.

Arcapita buys interest in Freightliner

Electra Private Equity plc said Friday, June 13, that it has agreed to sell its interest in Freightliner Group to Arcapita, the Bahrain-based investment bank.

Knapp AG acquires Moving AB for £7.9 million

The Austrian warehouse automation supplier has acquired Moving AB, a leading Scandinavian warehouse logistics company, for €10 million (£7.9 million).

Parcelnet plans pan-European expansion

The UK's largest courier delivery network, which is owned by The Otto Group, said it plans to extend its home delivery business into Europe.

EWS wins container contract from Zim

Rail freight haulier EWS Network , part of German logistics group DB Schenker, has said it has won a contract to move containers for Israeli shipping company Zim Integrated Shipping Services.

Fredriksen increases stake in Tui; shareholders agree dividend

The Norwegian shipowner and John Fredriksen has increased his stake in the German container shipping and tourism group.

Stena Line introduces fuel surcharge to cope with surging prices

Stena Line, one of the world's largest ferry companies, said on Friday June 06, 2008, that it is close to introducing a fuel surcharge on some of its routes to cope with rising fuel bills.

Network Rail FY profits up; strong budgetary control

The rail infrastructure company reports a 20 percent rise in full year profit despite New Year delays.

Ryanair reports full year profits up 20 percent

Ryanair, the low fares airline, yesterday announced a 20 percent increase in full year net profits after tax to €481 million.

Redhead International partners with Moldtrans Group

Redhead International to partner with Spain’s Moldtrans Group in a bid to expand its European distribution operation and open up new markets in the region.

Amethyst Group in deal with Narrow Aisle

Amethyst Group, the warehouse and distribution provider, has agreed a five year lease package with Narrow Aisle’s FLEXI trucks for its Wellesbourne site.

FirstGroup taps investors to bring debt below £2 billion

FirstGroup, the bus and rail operator, has tapped investors for £236 million to preserve its credit rating and refinance its £1.8 billion acquisition of Laidlaw.

Turpin sees big challenges ahead in the distribution industry

Turpin Distribution MD Lorna Summers tells Exec about the challenges of open access, industry consolidation and the slow but steady evolution from print to web.

Foulger Transport’s dedication to distribution

Following a management buyout in 1996, Tom Baron and Barry Germany have set about building Foulger Transport’s fleet and customer base. Exec finds out more.

Rentokil first quarter profits down

Rentokil Initial Plc today reported that its first quarter profit has fallen as the company experience continuing problems with City Link which has impacted group financial performance.

2008 Supply Chain Distinction Awards

The leading practitioners and providers of supply chain management and logistics from around the globe will be once more gathering in Düsseldorf for the conference and networking event.

BA World Cargo announces key management appointments

British Airways World Cargo has announced the immediate appointments of David Shepherd and Tony Nothman into senior executive roles.

Stagecoach expects to beat forecasts; helped by rail businesses

Stagecoach Group said Monday it expects to beat analysts’ forecasts after strong performance in its rail operations.

Milford Haven Port Authority’s strategic capabilities

As the Port of Milford Haven celebrates its 50th anniversary, it is seeing expansion on all fronts. Exec speaks to Ted Sangster, the Port’s CEO about the future.

SDI moves into German market with acquisitions

SDI Group plc, the automated materials handling company has acquired four companies from Beteiligungsgesellschaft mbH (‘PEP’) in Germany for €2.76 million

Scania advances its environmental programme

Vehicle manufacturer Scania has unveiled its first fleet of ethanol-powered trucks designed purely for urban use, as the company looks to lowering its carbon footprint.

Post Office faces pressure from local council

Post Office Ltd has come under increasing pressure after rebuffing a bid by Hampshire County Council to take over local branches that have been closed.

UPS shares fall on outlook

UPS shares fell three percent Wednesday a day after the world's largest shipping company cut its first-quarter earnings forecast.

Chiltern Railways to launch new products

With the mission statement to offer “a safe, reliable, welcoming, value for money service,” Chiltern Railways will be launching a number of new products in 2008.

Deutsche Post in real estate deal with Lone Star

Deutsche Post said Tuesday it has agreed to sell around 1,300 properties to U.S. buyout firm Lone Star for €1 billion ($1.58 billion) in cash.

CMA CGM sells subsidiary to acquisition vehicle

French shipping line CMA CGM has sold two-thirds (66 percent) of its leasing subsidiary Global Ship Lease to Marathon Acquisition Corporation, a New York-listed acquisition vehicle.

BAE Systems on transforming the supply chain

With increasing market challenges, BAE Systems is looking to transform its business- proactively building relationships with key clients and suppliers alike. Phil Humphries and Richard Hughes explain.

Air France-KLM to buy Alitalia for fraction of previous value

Air France-KLM meets resistance from Italian Unions as plans for a takeover of Italian airline Alitalia look to be going ahead.

GeoPost appoints new CEO of Europe

Kay Phillips, chief executive of Geopost’s UK business has been promoted to the newly created position of chief operating officer Europe.

Jernbaneverket’s strategy to keep Norway moving

Following an EU directive in 1996, Jernbaneverket was divested from NBS and since then it has been maintaining Norway’s rail infrastructure. Exec finds out more about the company’s plans

easyJet sees passenger numbers rise in February

The budget airline said Friday that the number of passengers increased in February helped by the acquisition of GB airways.

Falkland Island Holdings acquires Momart

Falkland Islands Holdings Plc (FIH) acquires art logistics and storage company Momart International Ltd for £10.27 million in a cash and shares deal.

Deutsche Post to split logistics division

Deutsche Post AG said Tuesday it will split the division into two operating units with separate executive board members in charge.

PD Ports receives approval for Northern Gateway

PD Ports has today announced that it has received formal planning approval for its Northern Gateway Container Terminal (NGCT) at Teesport in the North East of England.

Network Rail fined £14 million over New Year delays

The Office of Rail Regulation imposed the penalty for the overruns, the most serious of which was on the west coast mainline.

Suez, Terra Firma pull Biffa counterbid

Buyout firm Terra Firma and French utility Suez have pulled their potential counterbid for British waste firm Biffa Plc, leaving the door open for a consortium led by Montagu Funds.

Suez, Terra Firma poised to make Biffa counterbid

Buyout firm Terra Firma and French utility Suez are in talks to make a counterbid for British waste firm Biffa Plc, a person close to the matter said on Friday.

Carillion Dutch venture wins contract with Royal Philips

Arcadis Aqumen Fm wins five-year facilities management contract with Royal Philips Electronics valued at £350 million.

Deutsche appoints new CEO after Zumwinkel resigns

Frank Appel will replace Klaus Zumwinkel as Chief Executive Officer of Deutsche Post AG immediately as the Supervisory Board accepts the former-CEO’s decision to resign.

BAE consortium to bid for UK auxiliary contract

A consortium led by BAE Systems has announced its bid for the first phase of a multibillion pound contract to design and build the next generation of warship support vessels for the UK Royal Fleet Auxiliary.

Deutsche Post’s chief probed over tax evasion

German authorities search the home and offices of Deutsche Post chief executive Klaus Zumwinkel amid allegations of tax evasion.

Parceline to rebrand, changing name to DPD

Parceline is set to rebrand with new logo, changing its name to DPD (Dynamic Parcel Distribution).

Biffa agrees £2.3 billion bid, but rival lingers

Biffa accepts a £1.23 billion offer from ShareCast, as claims surface that another bidder may top that offer.

NOL and TUI discuss possible shipping merger

Neptune Orient Lines Ltd., a subsidiary of Singapore sovereign wealth fund Temasek Holdings and Tui AG of Germany are reportedly in talks to merge shipping operations.

Ryanair shares plummet after profit warning

Ryanair shares fall after the Irish carrier warns that its profits would decline next year.

British Airways to launch transatlantic business service

After a strong profit increase, BA has announced plans to launch its first transatlantic all-business class service between London and New York.

UPS $6.1 billion charge for pension fund leads to quarterly loss

United Parcel Service Inc, the world's largest shipping carrier reports loss, due to a $6.1 billion charge related to the transfer of 45,000 of its employees from a multi-employer pension fund.

Forth Ports to build Edinburgh eco-town

The ports operator Forth Ports Plc announces plans to build an Edinburgh eco-town hewn from recycled shipping containers, the largest of its kind in Britain.

Shipping lines drop UK congestion charge

The Far Eastern Freight Conference suspends UK port congestion supercharge of $145 per TEU for containers on the westbound trade which it imposed on December 1, 2007.

LCL to develop shipping and logistics business in the Far East

LCL, which has recently arranged finance for a new European trucking operation, based in Spain, controls up to 450 vehicles. Exec looks at how it plans to enter new markets.

Northbridge Industrial Services expects continued growth with robust order book

Rental services company, Northbridge Industrial Services PLC, said it expects continued growth throughout 2008 after entering the year with a robust order book.