Analytiqa Logistics Bulletin: Friday 21st September
This week’s Logistics Bulletin reports on a number of mergers and acquisitions from logistics service providers, with a focus on the US. Mainfreight, of New Zealand, has announced an agreement to acquire Target Logistics; French-based SDV International Logistics is acquiring Pro-service whilst xpedx and Geodis have forged a new strategic alliance.
Wincanton maintains new business momentum
Wincanton has issued a pre-close season trading update for the six months ending 30th September 2007. The Company reported that the strong new business momentum reported in its last financial year has been sustained in the first half of the current year.
New business momentum also continues to build in Wincanton s Mainland European operations with contract gains in all countries. Additional business, into transport networks and warehousing facilities, included wins with Exxon and Alcatel in Germany, Jardiland, Velux and EDF in France, and Auchan, Electrolux and OBI in Poland. The Company s international transport hub in The Netherlands added new business with Akzo and Ciba-Geigy.
Given the continuing high levels of new business activity across the Group, Wincanton currently anticipates that results for the full year will be in line with management expectations.
