Geodis the state-controlled French transport group. faces making a key decision on the future of its small UK subsidiary, Fortec Pallet Distribution Network. Fortec director Rod Abrahams, who joined the firm 6 months ago, will ask for the best part of £10m to develop a new pallet hub next to the exisiting depot on the A5, 3 miles west of J8 on the M1.
Read MoreThe Geodis group has signed a major logistics agreement with IBM 5-year agreement includes the pre and postproduction logistics for the Dublin plant which manufactures IBM servers.
Read MoreGeodis has won a five-year contract to supply IBM with preand post-production logistics solutions for its Dublin plant.
Geodis is constructing a 30,000sq metre warehouse south of Dublin at Dun Laoghaire, due for completion by the end of the year.
Geodis is also in negotations with other Irish shippers over logistics contracts which will also be handled from the new facility, said a spokesman.
elix, the German alliance of forwarders that specialises in groupage traffic, has acquired Geodis as an exclusive partner for France and DFDS as its partner for Scandinavia and the UK/Ireland, companies which are the number ones in their respective territories. Thus in one stroke elix becomes the largest provider of systems-based groupage traffic in Europe, ahead of big players like Schenker and Danzas.
Read MoreGeodis, the French logistics group, said net loss over 2001 mounted to 138 million euro, up from a loss of 27 million euro in 2000. Net sales were up 2.4 per cent, to 3.5 billion euro, operating income was up 71 per cent, till 34.6 million euro. Diluted net loss per share was 26.42 euro, against 5.12 euro over 2000.
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