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Seoul: Hanjin Shipping Co., South Korea's largest container-shipping line, plans to sell 49 percent of a terminal operator at the nation's busiest port and sell new shares to boost finances after posting a first-quarter loss. The company expects to raise 200 billion won (US$177 million) by selling the stake in Hanjin New Port Co., which runs facilities in...
Container line company interested in Chinese rail development APL, the world’s fourth-largest container line, is looking to invest in China’s intermodal rail network as Beijing focuses economic development on industrial plants in the country’s interior. “Intermodal rail has the most promise and potential to address the long-dista...
For the Hamburg-based wagon hire and rail logistics company VTG Aktiengesellschaft (WKN: VTG999) the positive rebound seen in the later part of 2009 continued in all operational divisions for the first quarter of 2010. Revenue increased by 6.6 percent, from EUR 145.2 million to EUR 154.8 million. Operating profit (EBITDA) decreased slightly compared with th...
WABCO Holdings Inc. announced that the company is supplying MAN Latin America in support of their contract with the federal government in Brazil to produce 4,000 school buses featuring improved vehicle safety and passenger comfort. MAN Latin America, the market leader in Brazil, is part of the MAN Group, one of Europe’s leading manufacturers of comm...
The DHL Innovation Center, which is visited by some 10,000 people each year, was integrated into the newly established DHL Solutions & Innovations unit, which bundles all innovation-related activities within DHL. Located between the cities of Cologne and Bonn, the DHL Innovation Center has been extended by a so-called "Hands-on Lab". In the new room t...
The 4th IRU International Taxi Forum on “Taxi Industry Image: towards a vision of safe and sustainable taxi services for all”, will be held in Cologne, Germany on 5 November 2010. Some 200 leading taxi business operators, competent authority representatives, taxi-related academic researchers and marketing experts from around the globe will par...
INTTRA has announced the opening of its new office, INTTRA Germany, in Hamburg. This office will provide enhanced services and support to its customers and carriers in the European region. As the largest e-commerce platform in the industry, INTTRA is now serving over 3500 customers in Europe alone, with volume growth increasing by over 20 percent from 2...
GLOBAL logistics giant Panalpina has flown hi-tech machinery from Hamburg to Shijiazhuang in Hebei province by Antonov AN 225 freighter operated by Ruslan International. The heavy-lift cargo loading procedure in Hamburg was conducted with the help of a 160-ton-crane over a specially built ramp. Loading lasted well into the night before the plane took off ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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