Press release
Analytiqa: Logistics Bulletin: Friday 20th October
This week's Logistics Bulletin reports on third quarter results from three US companies including UPS, Con-way and Vitran Corporation. Con-way and Vitran both reported subdued results, whilst UPS Supply Chain Solutions posted an operating loss of US$19.0 million, mainly caused by UPS Freight's results coming in below expectations.M&A activity this week includes DHL acquiring a 49.0% stake in Polar Air Cargo Worldwide and Kerry Logistics acquiring a majority stake (51.0%) of Reliable Freight Forwarders (RFF) in India.
Elsewhere this week, contract wins include Wincanton extending its service for Marks & Spencer in the UK, whilst SKF Logistics is to perform global spare parts distribution for Ion Beam Applications and TNT Logistics has won its first contract in the publishing and media sector in Brazil. Distribution centre developments in the Asia Pacific region include Schenker starting operations at its Korean hub and ProLogis signing lease agreements for its developments in Japan. Meanwhile in the UK, Hellmann Worldwide is expanding its Lichfield distribution centre. IT news includes CHEP, the pallet and container pooling solutions company, launching a global track and trace system.
Kerry Logistics acquires stake in Indian-based freight forwarder
18 October 2006 - Kerry Logistics has acquired a 51.0% stake in Reliable Freight Forwarders (RFF) in India, it has been reported. The Company will be re-named Kerry Reliable Logistics. RFF was established in 1996, the Company’s head office is located in Chennai and it has five branch offices in New Delhi, Bangalore, Mumbai, Tirupur and Tuticorin.
The freight forwarder offers supply chain management solutions and provides comprehensive logistics services in India, including international sea and air freight forwarding, local transportation with self-operated trucking fleets, inland container depots, container freight stations, shipping agency, contract and project logistics.
The new venture in India further strengthens Kerry Logistics’ network in Asia. The Company has approximately 210 self-owned offices in twenty countries and a global network covering six continents.
Elsewhere this week:
UPS Supply Chain Solutions records operating loss of US$19.0 million in Q3
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Con-way reports flat Q3 results
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Vitran reports subdued results for the third quarter of 2006
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DHL forms strategic partnership with Polar Air Cargo
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Wincanton extends its contract with Marks & Spencer
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IBA selects SKF Logistics Services for global spare parts distribution
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TNT Logistics wins new business in the media sector
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Schenker's Korean hub starts operations
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ProLogis' business in Japan is developing well
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Hellmann Worldwide Logistics expands distribution centre in UK
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GAC Logistics extends its office network in the UK
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CHEP to launch global track and trace system
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Ryder appoints Senior Vice President of Sales and Marketing, Supply Chain Solutions
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Paul Cunningham named Managing Director of Holistica
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Click www.analytiqa.com/news.aspx for additional developments added daily.
Analytiqa
Gate House, Fretherne Road,
Welwyn Garden City, UK, AL8 6NS
Tel: +44 (0)1707 37 22 11
Email: info@analytiqa.com
Contact: Editor, Logistics Bulletin
List of Key Industry Participants:
ABX LOGISTICS; BAX Global; CH Robinson; DHL Global Forwarding; EGL; Exel; Expeditors; FedEx; GeoLogistics; Hellmann Worldwide Logistics; Kintetsu World Express; Kuehne & Nagel; Maersk Logistics; Nippon Express; Panalpina; Schenker; SDV; UPS SCS; UTi Worldwide Logistics; Yusen; Wincanton; APL Logistics; TDG; Rhenus Logistics; Penske Logistics; DPWN; DHL; DHL Exel Supply Chain; Federal Express; Schneider Logistics; Schneider National; Schenker Logistics; Stinnes; Gist; Eagle Global Logistics; Menlo Worldwide; Jones Lang LaSalle; ProLogis; DTZ; Gazeley; Groupe Norbert Dentressangle; National Logistics Company; TNT; TNT Logistics; Gefco; Maersk; Geodis; GEFCO; Bibby Distribution; Global Automotive Logistics; Autologic; NYK Logistics; Dachser; DSV; Fiege; Frans Maas; Hellmann Worldwide; MOL; KWE; Kintetsu; Ewals; UPS; Ryder.
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