Christian Salvesen pushed up sales 7.5 per cent to £433m in the first half but tough conditions in the transport market meant that profit before tax and exceptionals was down from £8.1m to £7.1m.
Browsing: Logistics
Gefco is to open its first logistics platform in Russia. A 20,000 sq m facility will be located in Podolsk, near Moscow and is set to open for business in June 2007.
Rentokil Initial, which owns express operator City Link, is buying Target Express for £210 million. So far, it says, it has received acceptances for 90 per cent of the share capital with the balance expected no later than the end of the year.
The Freight Transport Association has called for more government action to deal with unroadworthy foreign lorries. It wants the government to commit itself to a database scheme for supporting the effective roadworthiness enforcement of foreign trucks.
TNT Logistics has changed its name to Ceva Logistics following its sale by TNT Post Group to private equity investors.
CI Logistics is to distribute FKI Logistex conveyor equipment in England and Wales. CI says the contract will allow it access to a wider portfolio of products and will significantly benefit its existing customers.
Wincanton, has won the distribution contract for bulk loads of aviation products and diesel fuels to various RAF stations, warships and Ministry of Defence sites in the UK.
The Institute of Grocery Distribution is hosting a series of one-day interactive sessions to help companies establish where to collaborate to reduce the cost and environmental impact of their deliveries.
DHL is investing US$35 million in Hong Kong to capitalise on the continued growth of the region’s trade.
Kuehne & Nagel has opened a new logistics centre in Japan just two miles from Narita Airport.
