Tag: Kuehne & Nagel

Four named Malaysia's best logistics service providers

Posted by | Jul 24, 2006 | |

Four foreign-owned companies with operations in Malaysia have been named Malaysia’s best logistics service providers in the areas of automotive, pharmaceutical, retail, fast-moving consumer goods and information technology (IT)/electronics by consulting firm Frost &Sullivan. Frost &Sullivan named Germany-based Schenker as Malaysia’s Best Automotive Logistics Service Provider in its annual 2006 Asean 4 Logistics Awards. Swiss logistics group Kuehne &Nagel AG was voted Best Pharmaceutical Logistics Service Provider, while Germany’s DHL took both the Best Retail Logistics Service Provider and the Best Fast Moving Consumer Goods Logistics Service Provider awards. The Best IT/Electronics Logistics Service Provider award was won by Japan’s Nippon Express Co Ltd. Frost &Sullivan recently honored top logistics firms in five major sectors from Indonesia, Malaysia, Singapore and Thailand at its Asean 4 Logistics Awards based on a Voice of the Customer research.

Mukhtyar estimates that the outsourced logistics market in Asean is expected to grow 9.9 per cent to 14.8 billion USD (RM54.5 billion) this year from 13.5 billion USD (RM49.7 billion) in 2005.

In Malaysia, the outsourced logistics market is expected to grow 8.3 per cent to reach a revenue figure of 3.25 billion USD (RM12 billion) this year, from 3 billion USD (RM11 billion) last year.

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DHL challenge provides 'opportunities'

Posted by | Mar 20, 2006 | |

Kuehne+Nagel sees ‘upside’ for its contract logistics business in Britain following the USSD6.7bn takeover of Exel by acquisitive German rival DHL. Dirk Reich, K+N executive vice-president of contract logistics, said: ‘On the one hand we are worried, because DHL has unlimited funds. It can take profits out of a subsidised industry and invest them in consolidation [of the logistics industry]. And Germany’s railway, Deutsche Bahn is starting to do the same thing with Schenker.’ But Mr Reich observed that for some shippers the enlarged DHL had now become the sole supplier of contract logistics, a situation which would see shippers seek a second provider. Peter Ulber, K+N’s chief executive for northwest Europe based in Britain, agreed: ‘There are definitely opportunities as well as challenges. In British contract logistics, for example, DHL and Exel together have a combined market share of 25%. I would argue that such a position is not sustainable and that the numbers two and three, K+N and Wincanton, will get some of that business.’

‘Lots of customers are going out for an RFI [request for information] and they may split the business,’ he added.

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Reich predicts TNT sale flop

Posted by | Mar 16, 2006 | |

Dirk Reich of Kuehne & Nagel has predicted that TNT will fail to sell its Logistics division as a whole. There is little interest from trade buyers; investment sponsors are showing high levels of interest at present but they won’t, in the end, meet TNT’s price expectations, he says. TNT will then be forced to sell off the parts in pieces, with value depending on the speed of the process. Reich said that he thought there was a done deal between TNT and UPS, especially after the disposal of the French operations; but that was before TNT Logistics was advertised for sale. Reich said K&N would be interested only in elements in the Far East and in South America and he ruled out buying the strong UK or Italy units.

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Swiss Kuehne & Nagel not to bid for Dutch TNT Logistics unit

Posted by | Mar 8, 2006 | |

Swiss logistics company Kuehne & Nagel International AG (K&N) gave up bidding for Dutch mail and logistics group TNT NV’s logistics division, Het Financieele Dagblad said on March 2, 2006. According to K&N CFO Gerard van Kesteren, TNT’s price for its logistics business – between 1.5 bln euro (USD1.805 bln) and 1.8 bln euro (USD2.165 bln ) – is too high. K&N was chiefly interested in TNT’s Asia/Pacific logistics activities and not in the whole division, Van Kesteren added. The CFO said a private equity group has approached K&N in order to bid jointly with the Swiss company for the whole TNT Logistics. The group offered K&N to take over the whole of the TNT division two years after the deal. However, the Swiss company decided not to participate in the bid.

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