Posts Tagged "bali export import cargo"

US – CHINA – Following our story last month concerning the rebranding of YRC Worldwide, the trucking and logistics group, which incorporates subsidiary YRC Freight, has, as predicted, continued its disposal of assets with the sale of the groups interest in Shanghai Jiayu Logistics Co., Ltd. to its 35-percent joint venture partner. YRC bought its 65% stake in the company in 2008 after a period stretching back several years when it had grown enormously through an acquisition policy started when the Yellow Corporation bought out the Roadway Corporation in a billion dollar deal to form the Yellow Roadway Corporation. YRC paid $47.7 million when they purchased their share of Shanghai Jiayu Logistics, principally a less than truckload road haulage outfit,...

US – Sadly some of our best read stories concern the criminal activities of the few freight forwarding executives who are prepared to break the law in order to turn a profit. As times get harder financially the line between fair competition and conspiracy blurs for some as evidenced by the surge in anti trust cases prosecuted globally which we have witnessed in the past two years. Some acts however are blatantly criminal and this week two cases concerning the cargo screening and shipping of air freight have resulted in the prosecution and punishment of several individuals and companies involved in nefarious activities. The first case concerns the arrest and detention of Ulrich Davis aged 50 who was caught as he tried to board a flight to the...

Bali Cargo news – Another pair of scalps for the United States Department of Justice (DoJ) yesterday with the news that Ulrich Ogiermann and Robert Van de Weg, two executives from Luxembourg carrier Cargolux Airlines International S.A., have received jail terms of thirteen months each for their parts in the air freight cartel activities which have scandalised the industry, after personal indictments against them to which they entered guilty pleas. Cargolux, from the Grand Duchy and the largest European all cargo airline, has been quick to accept responsibility for its actions, pleading guilty in May 2009 and agreeing a fine of $119 million for its role in conspiring with others to suppress and eliminate competition by fixing and coordinating surcharges,...

This week saw two of the most substantial players in their own fields underline similar tactics for dealing with a turbulent freight market. Clarksons the London based shipping services group announced it had acquired EnShip Ltd the Aberdeen based shipping agency and marine industry logistics specialist via its Clarksons Port Services Group. Meanwhile French giant Norbert Dentressangle completed its acquisition of APC Beijing International, a China-based freight forwarding company. Enship, formed in 2004, has built a reputation as a vessel agency within the UK, as well as being a provider of related support services to both its UK customers and worldwide client base. EnShip also encompasses Opex Industrial Supplies, a procurement house supplying the marine,...

Following our story earlier today commenting on the Q3 statistics of container shipping giant Maersk, the logistics arm of the Danish group, Damco, has now released its own independent third quarter figures. These reveal that year to date Damco’s ocean freight volumes increased 14% compared with the same period in 2010 and airfreight tonnage was up by 23% lifted through the acquisition of China based NTS. Supply chain activity volumes fell back 3% and net revenue rose to $2,156 million, a 6% jump, whilst gross profits increased to $567.7 million up 8%. The year to date EBIT is static at $73.2 million. Rolf Habben-Jansen, Chief Executive Officer, Damco commented: “The traditional annual peak season in Q3 was rather muted this year. Our result...