Tag: Rail Transport

French logistics group Geodis with strong H1 results

Posted by | Jul 26, 2006 | |

Geodis increased revenue by 7.3% (6.1% on a comparable, like-for-like basis excluding changes in exchange rates) despite an unfavourable business calendar (two fewer business days in France).

Total revenue for the first half of 2006 increased to €1,887 million from €1,759 million for the same period last year. From this €1,316.9 million was generated in France, €526.8 million in the rest of Europe and €114.7 million in Asia & the rest of the world. Asia saw the strongest increase with a growth rate of more than 35 %.

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ABX Logistics Belgian parcels business set for separation

Posted by | Jun 28, 2006 | |

The Belgian parcels business of ABX Logistics may be retained by Belgian Railways and sold to a separate company instead of being sold as part of the overall disposal of ABX Logistics Worldwide to British finance group 3i, Belgian media reported. Following an MoU signed last year, 3i is expected to complete the acquisition of ABX Logistics Worldwide for an estimated €80 million within the next couple of months. The former heavily loss-making freight logistics group, burdened by large-scale debts, has downsized and restructured in recent years, and now makes a small operating profit.

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Business Post begins trial of parcels by rail

Posted by | Apr 24, 2006 | |

Business Post Group PLC has begun using rail to move parcels from the English Midlands to Scotland. Rail freight carrier English, Welsh & Scottish Railway said in a statement that Business Post had begun an eight-week trial of its services to send parcels from Walsall in the West Midlands to Aberdeen every night. EWS said the parcel carrier is cutting costs by using trains as buying rail capacity on its services is cheaper than using lorries and avoids road congestion. The rail freight firm said it already has a contract with Business Post’s rival DHL.

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FirstGroup's GB Railfreight wins 12-month extension of UK mail train contract

Posted by | Mar 31, 2006 | |

FirstGroup PLC unit GB Railfreight said it has done a deal with Royal Mail to continue moving mail by rail for at least another year. GB told AFX News that it has won a 12-month extension of its contract with the state-owned mail group to run postal trains between London, the north west and Scotland. The company has not disclosed the value of the extension, which is due to run until the end of March next year. GB spokesman said there would be no change to the existing arrangements under which the company runs two return services a day between Willesden in London, Warrington and Shieldmuir in Scotland. However, the contract allows for the number of trains to be increased on a night-by-night basis subject to requirements. ‘The two sides will always talk about developing the relationship and that could lead to it going beyond that,’ the spokesman added. ‘GB Railfreight is in this for the long haul and Royal Mail has indicated that it wants to see rail as part of its distribution network.’

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Deutsche Bahn supervisory board approves planned Bax buy

Posted by | Nov 13, 2005 | |

Deutsche Bahn AG’s supervisory board yesterday approved plans to acquire US logistics firm Bax Global in a move designed to strengthen the company’s international freight operations, sources said. Bax, a unit of US security company Brink’s, could cost Deutsche Bahn up to 1 bln eur, the sources said. It has around 12,000 staff and deals mainly in air and sea freight. The move would help Deutsche Bahn strengthen its logistics arm Schenker.

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