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Klaus-Michael Kuehne, chairman of Kuehne + Nagel International AG, announced Thursday that he will delegate certain responsibilities to Karl Gernandt. Gernandt will become board member of the Kuehne Foundation, and managing director of the newly planned Klaus-Michael Kuehne Foundation. He will also become head of the Logistics Center of Execellence ...
Logistics company GAC has appointed Stuart Bowie as the new head of its logistics operations in the United Kingdom, the company said Thursday. Bowie has spent the last four years running GAC Hong Kong and before that was GAC's regional logistics manager for the Middle East, based in Dubai. He takes over from Dennis Mead, who has been managing director...
Ryder System Inc. said second quarter net income fell 3 percent to $62.9 million from $65 million, which the company attributed to automotive industry strikes in North America, customs and cross-border work stoppages in South America and problems with its supply chain unit in Brazil. Revenues remained flat at $1.66 billion. The company's fleet managem...
South Korean police are seeking arrest warrants for three officials in the Korea Confederation of Trade Unions over orchestrating illegal protests and strikes against U.S. beef imports, the Korea Herald reported Thursday. They are alleged to have directed KCTU members to go on strike, calling for the renegotiation of the U.S. beef import deal, the sto...
Norfolk Southern Corp. owners of Norfolk Southern Railway, posted second quarter net income of $453 million, up 15 percent compared to $394 million in the same period last year. Railway operating revenue for the second quarter was $2.77 billion, up 16.3 percent compared with the second quarter of last year. Norfolk Southern delivered record financ...
A 6 billion rail project designed to boost London's transport capacity by 10 percent last night completed its Parliamentary process after receiving Royal Assent. The Crossrail project will become the largest civil engineering project in Europe. Construction will start in 2010 with the first trains expected to run in 2017. When complete a 118.5-kilomet...
U.S. Transportation Command has awarded a four-year contract worth $3 million contract to Stanley Inc. to provide technical and analysis support for USTRANSCOM's sealift, intermodal, rail and airlift analysis support program. The primary focus of this effort is to support the Voluntary Intermodal Sealift Agreement and Maritime Security programs. Stanl...
Insurance broker Marsh, with AIG Commercial Insurance, said it has developed a breakthrough insurance program that can help companies manage the financial consequences of a disruption to their critical supply chains. The new product, which is called Global Supply Secure is designed to protect companies whose operations rely on critical supplies of goo...
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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