Dupont awards contract to TDG & UBC JV Nylog
Dupont has awarded a £1m (Euro 1.6m) contract to Nylog, a joint venture between TDG and UBC for the distribution of nylon polymer in the UK.
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P&O Trans European aquires Unisped Spedition & Transport
P&O Trans European, a unit of Peninsular & Oriental Steam Navigation aquired and undisclosed majority interest in Unispedition & Transport GmbH. Saarbruecken-based provider of logistics services.
Read MoreAlbateam aquires Compania de Flete y de Transporte & Compaignie dAffretement et de Transport
Albateam, a consortium comprising TNT, Wallenius Lines and Autologic Holding, aquired and 80% interest in Compania de Flete y de Transport (CAT) logistics company from Renault SA. Terms were not disclosed.
Albateam also aquired the Compaignie dAffrement ed de Transport (CAT) from Renault
Read MoreLan Chile – Bucking the Latin American Trend
IN THE tough market that the air cargo industry currently finds itself, it is becoming increasingly difficult to pick winners and losers.
But it is a fair bet that when the current crisis is over, LanChile Cargo will still be on the winners’ list.
An extraordinary success story, it has grown in the last 12 years from its relatively small home market — “a narrow land with desert in the north and ice in the south” as Paul Petrelli, LanChile’s vice-president cargo Europe (and an Argentinian) puts it — to a dominant position in the Latin American freight market.
Postal Service Shifts Much Mail Off Passenger Jets
The U.S. Postal Service has moved a large portion of items it usually ships in airplane “bellies” to trucking companies and commercial cargo airlines, as it faces new restrictions, the Wall Street Journal reported in its online edition on Tuesday.
The move comes after the introduction of new Federal Aviation Administration rules requiring most cargo carried on passenger planes to be screened for explosives, the report said.
The new rules do not just affect the airlines, they also affect the companies that ship items on passenger airlines, the report said.
According to the report, the FAA has not disclosed the specific new regulations, and postal officials will not publicly comment on the rules.
Read MoreCargolux looks to Middle East to counter downturn
With deepening weakness in most major air cargo markets, early August was probably not the best of times for Cargolux to take delivery of its eleventh B747-40) freighter.
But then in thirty years of existence, the Luxembourg-based carrier has been nothing if not creative about coping with the vagaries of international air markets.
“One advantage of being a cargo airline is that we can be quicker and more flexible in reacting to market demand,” says Pierre Wesner, vice president Europe, Middle East and Africa, for Cargolux. At the moment, that means switching capacity from the Asia Pacific to the Middle East and CIS.
EU posts notice on Royal Mail monopoly
Royal Mail could lose its near-monopoly on the delivery and collection of letters in the UK before the end of the decade following a EU deal struck in Luxembourg last night.
The company, already facing limited competition in the recently liberalised British postal market, will be forced to accept a wave of new rivals in 2003 and 2006 respectively after ministers from all 15 EU member states agreed to a phased-in abolition of national postal monopolies with a view to creating a harmonised EU single market in the sector.
Deutsche Post AG welcomes postal market liberalization
Deutsche Post AG has welcomed a postal market liberalization accord among European Union governments, saying its sales and earnings opportunities abroad would increase as a result. The 15-member E.U. agreed Monday to the further gradual opening of its EUR80 billion-a-year postal market. It didn’t fix a firm date for full liberalization.
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