Deutsche Post buys Air Express Deutsche Post is buying US-based Air Express International for $1.14bn and will merge it with Danzas to create the world's biggest air forwarder and Europe's largest freight forwarder.
Beijing's entry to the World Trade Organisation China and the United States signed an agreement yesterday that paves the way for Beijing's entry to the World Trade Organisation, a milestone that will throw open a vast market of 1.2bn consumers to unprecedented access by foreign firms.
Grimaldi Group company unveils cash call plans Ferry company Grandi Navi Veloci, part of Grimaldi Group Genoa, has disclosed details concerning its E78.5m ($81.7m) to E93m initial public offer to float its shares on the Milan Stock Exchange on November 26.
ICB dives into the red after Frontline deal SWEDISH tanker specialist ICB Shipping slid heavily into the red during the third quarter, but the loss resulted largely from the September deal that saw John Fredriksen's Frontline gain control of the company after a ferocious two-year battle.
Minoan swoops for Nomikos ONE of Greece's longest standing ferry companies, Nomikos Lines, has thrown in its lot with Minoan Lines' increasingly powerful Flying Dolphins' offshoot which plans to go public next year.
Öresund bridge may not hit ferry traffic as badly as feared THE Öresund bridge may not have such a drastic negative impact on the development of ferry traffic in the southern Baltic as originally feared, claims Swedish ferry operator Rederi Nordö-Link.
GL in boxships warning THE design and layout of modern containerships could be contributing to accidents at sea, according to the head of a classification society.
Houlder sells seat back to broker panel UK SHIPBROKING house Howard Houlder & Partners has sold its seat back to the London Tanker Broker Panel after failing to find a buyer.
Deutsche Post finalise la reprise d'AEI Deutsche Post a repris Air Express International (AEI) pour un montant global de 1,14 milliard d'USD. Toutes les activités d'AEI seront intégrées dans celles de Danzas International. DP acquiert ainsi une position très forte sur le marché américain, tandis que Danzas devient ainsi le plus grand expéditeur de fret aérien au monde. DP tourne à présent ses regards vers la région Asie-Pacifique.
L'aménagement d'un terminal à containers Le manutentionnaire Hessenatie aménage actuellement un terminal à containers dans l'arrière-port d'Anvers plus précisément, sur une de ses concessions au bassin Churchill, à savoir les N' 420 à 428, soit 840 m de quai pour une superficie de 380.000 m2. Cette évolution résulte, ainsi que signalé précédemment, de la demande de certains armements de voir leurs navires à nouveau traités derrière les écluses, leurs services n'étant pas strictement conditionnés par le temps. Elle permet par la même occasion au manutentionnaire de soulager son terminal sur l'Escaut, qui opère à plein régime. Outre des services de SCL, le groupe EPIC (Inde-Pakistan) va y diriger ses navires.
L'IRU veut un élargissement phasé de l'UE Le conseil de direction de l'IRU a adopté jeudi passé à Genève un plan d'action pour l'élargissement de l'Union européenne. Selon le président de l'IRU, David Green, il sera très important de procéder par étapes, afin d'éviter de porter préjudice non seulement au secteur du transport routier, mais également à l'économie dans son ensemble. Il redoute un scénario "Big Bang" si cette stratégie de phasage de l'élargissement n'était pas suivie.
Le projet de centre de distribution de Daewoo à Brême remis en question Diverses banques allemandes ont engagé une procédure d'insolvabilité à l'encontre de Daewoo Allemagne. Elles craignent que le projet d'un centre logistique et de distribution - le Ergerland Car Terminal - sur l'ancien chantier Vulkan à Brême est voué à l'échec suite aux problèmes financiers du groupe sud-coréen à Séoul. Les autorités portuaires locales et la concurrence craignent qu'un échec dommagerait l'image de Bremerhaven comme principal port automobile d'Europe.
United Parcel Service's historic first day of trading broke all IPO records. Raising more than $5.5 billion in a single day, the company's stock shot up to almost $68 a share after its offering price of $50. With its new windfall of cash, the company plans to buy back millions of shares of internally traded stock to arm UPS with the ability to make big acquisitions with stock rather than cash. The big question is who UPS will buy and when. Basically any company is up for grabs but UPS is expected to dip into its reserves to beef up its presence in Europe and elsewhere abroad.
Demand for Eastern coal could wane by 15 percent within five years as Western coal and natural gas capture some existing and most future markets. This could dramatically alter coal logistics patterns and create another Western-railroad service nightmare. In the East, CSX and NS could be forced to slash coal rates to maintain market share. In the West, an electric utility attorney believes the STB can step in to avert a coal transportation meltdown: order UP to sell its Central Corridor, and approve Dakota, Minnesota and Eastern's application to build a third line into the Powder River Basin.
Ford Motor Co. and General Motors want to drive web-based supply-chain management into the fast lane by moving their multibillion-dollar procurement operations to the Internet. The two carmakers are creating electronic marketplaces for the goods and services they buy and plan to begin transacting business on the sites by the end of next year's first quarter. The initial aim is to cut costs by streamlining the supply chain. The auto manufacturers also expect to derive major savings from being able to aggregate purchases across their global operations.
Yellow Corp. named William D. Zollars chief executive officer following the departure of A. Maurice Myers, CEO since 1996. "I feel Yellow is now well positioned for a solid future and it is time for Bill Zollars to have his opportunity at the top spot," said Myers. Zollars joined Yellow in 1996 after 24 years at Kodak and Ryder Integrated Logistics.
The Conrail split is beginning to take on UP-meltdown-like qualities with a shipper filing for an emergency order and the Surface Transportation Board asking Norfolk Southern and CSX - the third such request - to enhance their weekly reporting on operations performance. Shippers also are getting more and more frustrated with service. But despite the comparisons to UP, STB Director of Compliance and Enforcement Mel Clemens says there is improvement and the situation is a far cry from UP two years ago.
Pressure is building for a long-term solution to the stand-off between employers and dock workers at the Port of Vancouver, British Columbia. A lockout imposed by employers paralyzed the port at an estimated cost of C$90 million per day. Virtually no cargo was moving across Vancouver wharves and the British Columbia Maritime Employers Association was standing firm behind its decision to employ the lockout tactic as a means of reaching an acceptable settlement.
In the wake of United Parcel Service's historic initial public offering and the feeding frenzy at Deutsche Post, Emery Worldwide doesn't want to be left behind. The company is focused on growing its international business, which will exceed its domestic revenue for the first time this year. In 2000, Emery has its sights on second-tier freight plans to set up a new sales unit to go after two- and three-day. "We just can't give (Eagle Global Logistics) the right to gobble up everything that's second-day," says Emery Chief Executive Roger Piazza.
When General Motors and Ford Motor Co. decided to dive into the murky waters of the Internet, launching Ford's AutoXchange and GM TradeXchange, the initial goal was to save money. They wanted to reduce costs by purchasing over the Internet. But their ultimate goal? Create Internet marketplaces that will become hubs for buyers of auto supplies, and potentially other goods as well. Although neither company has created a time line for expanding the sites beyond their suppliers, both have auction capabilities and are developing strategies for moving the sites into the broader business trading community.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
