Tag: Air Transport

DSV Air & Sea Holding A/S invests in Pakistan

Posted by | Sep 18, 2007 | |

DSV Air & Sea Holding A/S has made an investment of 20% of the shares in
Country Logistics (PVT) Ltd. in Pakistan. DSV Air & Sea Holding A/S has an
option to acquire the remaining shares within a three years’ period.

Country Logistics (PVT) Ltd. has been the official partner of the DSV global
network for the past three years.

Country Logistics (PVT) Ltd. has an annual turnover of approx. DKK 25 mill. The
company is represented by six locations in Pakistan.

This investment is seen as an important development in the expansion strategy
for the Sub Continent region, where DSV Air & Sea Holding A/S already has own
operations in India and Bangladesh.

In future Country Logistics (PVT) Ltd. will operate under the identity of DSV
Air & Sea (PVT) Ltd.

Questions should be addressed to Peter Larsen, Vice President of DSV Air & Sea
Holding A/S, phone number +45 43 20 30 40.

Read More

Target Logistics, Inc. Agrees to be Acquired by Mainfreight Limited

Posted by | Sep 17, 2007 | |

Target Logistics, Inc., a domestic and international freight forwarder and logistics provider, today announced that it has signed a definitive merger agreement to be acquired by Mainfreight Limited in an all-cash transaction valued at approximately USD 53.7 million.

Under terms of the agreement, holders of Target Logistics’ common stock will receive USD 2.50 in cash per share of common stock, representing a 36.6% increase over Target Logistics’ closing price on September 17, 2007, a 38.0% premium over the company’s one-month average closing price and a 28.8% premium over the company’s three-month average closing price.

Mainfreight is a global supply chain logistics provider with approximately 3,000 team members based in operations in New Zealand, Australia, Asia and the USA. The Company was founded in 1978 and listed on the New Zealand Stock Exchange (NZX) in 1996, where it is now ranked as one of the NZX top 20 companies. Revenues for the 2007 financial year were NZUSD 968 million, and its strong balance sheet sees Mainfreight well placed for its stated goal of international expansion. (See www.Mainfreight.com for additional information).

Read More

Reinhard Lange to succeed Klaus Herms as CEO in mid 2009

Posted by | Sep 10, 2007 | |

The Board of Directors of Kuehne + Nagel International AG has appointed Reinhard Lange (58) as the successor to CEO Klaus Herms. Since 1999, Reinhard Lange has been a member of the Management Board of Kuehne + Nagel International AG with the responsibility for Sea & Air Logistics.

Lange will assume his new function as of June 30, 2009, when Klaus Herms will retire after 40 years of service. Until then, Lange will maintain his current responsibilities and will at the same time act as Deputy CEO.

“We are very pleased that it was possible to appoint a member of Kuehne + Nagel’s top management as successor to Mr Herms,” said Klaus-Michael Kuehne, Chairman of the Board of Directors. “For 36 years Mr. Lange has worked for our Group and has significantly contributed to its success.”

Reinhard Lange started his international career with Kuehne + Nagel in 1971 in Bremen, Germany. In 1985 he accepted a new challenge in Hong Kong where he successfully developed the seafreight business in the Asia Pacific region as a member of the regional management team. He returned to Germany in 1991 as a member of the national management board, where he was responsible for the business unit seafreight. Before being appointed to the Management Board of Kuehne + Nagel International AG, Reinhard Lange was Managing Director of the Kuehne + Nagel organisation in Canada.

Read More

Menlo acquires Shanghai-based 3PL for US$60m

Posted by | Sep 10, 2007 | |

Menlo Worldwide has signed a definitive agreement to purchase Chic Holdings and its wholly owned subsidiaries Shanghai Chic Logistics and Shanghai Chic Supply Chain Management.

Menlo is acquiring Chic Holdings, its assets and subsidiaries for a cash payment of US$60 million plus an undisclosed future earn-out incentive based on its performance.

Headquartered in Shanghai, Chic Logistics provides domestic 3PL and transportation management services in The People’s Republic of China. The company has 130 operating sites in 78 cities, and generated revenues of US$55.2 million in 2006, a 40% increase over 2005.

According to Menlo Worldwide president Robert Bianco Jr, this is the most strategic acquisition in Menlo’s history.

Menlo’s China operations will be based at Chic Logistics’ headquarters in Shanghai. Combined, the two companies will operate from 139 sites in 79 cities, with nearly 180,000 m2 of warehouse space under management.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest