Tag: Worldwide

UPS says evaluating Airbus A380 orders

Posted by | Oct 30, 2006 | |

United Parcel Service Inc., the world’s largest package delivery company, has set up a team to evaluate its multi-billion dollar purchase of Airbus A380 freighters, saying all options remain open.

The move, announced in a conference call with analysts on Thursday, and confirmed by the company on Friday, is a further sign of doubt among Airbus customers over the A380 superjumbo, which is now two years behind schedule.
On October 4 Airbus — majority owned by European aerospace group EADS announced a third delay to A380 production due to problems with the plane’s wiring.

The announcement caused airlines around the world to review their purchase plans for what will be the world’s largest commercial plane, although none has yet canceled orders.

UPS, whose freighter fleet makes it the world’s eighth-largest airline, has 10 A380s on order, worth more than USD2.5 billion, with an option to buy 10 more.

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TNT decides to divest Freight Management business unit

Posted by | Oct 30, 2006 | |

Peter Bakker, CEO of TNT, stated: “the business unit as such is in excellent shape, however, as we are focusing on the growth opportunities in our core Mail and Express network distribution activities, our Freight Management business unit would benefit from a different corporate environment. Our initial exploration has identified strong interest in this business.”
TNT Freight Management is a freight forwarding business using air and sea transportation and originates from Wilson Logistics which was acquired by TNT in 2004. The business unit employs 2,300 people, operating from 126 offices in 28 countries with a significant presence in the Nordic region. The business unit represents approximately euro 800 million in annual revenues.

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TI Logistics Briefing & News: K+N continues to expand across all sectors

Posted by | Oct 30, 2006 | |

Swiss based logistics group Kuehne + Nagel has released its results for the first nine months of 2006. Turnover increased 31.8 per cent to CHF 13,289 million (*8,362m). Its operating profit (EBITDA) improved 53.1 per cent to CHF 611 million (*384m).

According to management, business performance during the period was characterised by strong growth in sea and airfreight particularly in the third quarter, as well as business expansions in contract logistics and overland operations as a result of the integration of recent acquisitions.

Seafreight activities recorded a 19 per cent rise in volumes due to a growth in container volumes on all trade lanes. The company put a 4.2 per cent EBITDA margin, up from 3.5 per cent, down to productivity improvements through intensified electronic data exchange with customers and shipping lines as well as stringent cost management. The operational result rose 36.8 per cent year-on-year.

Following a strong third quarter, Kuehne + Nagel’s airfreight business recorded an 11 per cent increase in tonnage. Despite pressure on prices due to what management described as the highly competitive market and lower rates, Kuehne + Nagel maintained a stable EBITDA margin at 4.5 per cent and improved its operational result by 15.3 per cent.

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Toll aims to buy Chinese logistics firms

Posted by | Oct 27, 2006 | |

Toll Holdings, Australia’s leading transport and logistics group, is seeking to acquire logistics companies in China to expand its growing Asian business. It also plans to use its majority stake in domestic airline Virgin Blue to grow its air freight business.

Toll CEO Paul Little told the company’s AGM this week that Toll was continuing to seek small “ bolt-on” acquisitions to enhance its Asian services. Speaking later to Australian media, he said any deals in China would be “very significant” in terms of bringing value to its transport and logistics services, particularly from China to Australia.

The Australian market leader recently re-branded SembLog, the Singapore-based logistics company it acquired earlier this year, as Toll Asia in order to set the stage for expanding its logistics business through Asia. China is now a major importer of Australian raw materials while Australia imports large amounts of Chinese-made products.

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Four Soft acquires freight and shipping software business of FWL technologies

Posted by | Oct 24, 2006 | |

Four Soft Limited (4S), a global leader in software solutions for transportation and logistics vertical, has entered into an Agreement to acquire the assets of the freight and shipping software business of FWL Technologies, UK through it wholly owned subsidiary Four Soft UK Ltd.

Under the terms of the agreement, which was approved by the companies’ boards of directors, the cumulative purchase consideration will be approximately Rs. 10-12 crores based on certain performance parameters in an all cash transaction. The acquisition of business includes IP, staff, customer contracts and business assets.

With this acquisition, 4S expands into the Shipping liner software business while further consolidating its coverage in the transportation and logistics vertical. It adds strong domain and technology teams based out of UK, India, Singapore and USA to Four Soft’s current operations. The customer base will expand significantly to add shipping liner customers and take the employee strength to over 900.

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