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As part of its continued development and commitment to key markets in China Hamburg Süd is pleased to announce the establishment of a wholly owned subsidiary Shipping Service Company in Shanghai. With effect from today Hamburg Süd (China) Ltd will be supervising all liner activities within Central and North China and attending directly the Shanghai market.
Vladimir Yakunin (president of Russian Raiways) said that the Pendolino was designed for the high-speed line between Saint Petersburg and Helsinki and that traffic would be organised on the existing infrastructure, but that this would require diverting freight traffic and constructing a 42-kilometer stretch through the Priozersky district of Leningrad region to the Finnish border at a cost of 400 billion roubles (at current prices).
In the first six months of 2006, the Swiss combi operator Hupac handled 17.5% more shipments as in the same period in the previous year. The reasons for this favourable trend are the upward trends in the economy in general, plus the introduction of new products. “Intermodal traffic is seen as an alternative, and is attracting increasing use”, notes Hupac director, Bernhard Kunz.
Hapag-Lloyd, which has so far focused mainly on East-West services, is expanding its African network by starting a service to South Africa in mid-October. “The southern and west regions of Africa represent an attractive market for container transport with considerable development potential. We will thus be serving all five continents for the first time in our company’s history,” commented Adolf Adrion, executive board member of Hapag-Lloyd AG, with reference to the start of a liner service linking Northern Europe with ports in South and West Africa.
Logistics managers must be capable and more responsive to redesigning distribution networks more frequently to operate at the lowest costs while providing the best customer service.
Installation of the four MTU 8000 Series engines is now complete in the first of two, Austal Auto Express 107 metre vehicle-passenger ferries for Hawaii Superferry (HSF) currently under construction at Austal’s USA shipyard. Each 45 tonne engine has 20 cylinders, and produces 8,200 kw (10,995hp) at 1150 rpm.
Heartland Express, Inc. (Nasdaq: HTLD) announced today the promotion of Michael Gerdin to President of Heartland Express, Inc. Mr. Russell Gerdin will continue to serve as Chairman and Chief Executive Officer having served as President since 1978.
Three-times weekly service sees expansion of business class product to meet demandbmi, Heathrow’s second largest airline, today (Thursday 18 May) further expanded its long haul network with the launch of a three-times a week service from London Heathrow to Jeddah, Saudi Arabia. The launch of the service builds on the extremely successful first eight months on bmi’s first Saudi route – London Heathrow to Riyadh. The airline has seen very positive load factors since its launch in September 2005 with extremely strong demand for the business class product. As a result the decision was taken in April to successfully increase the number of business class seats available from 24 to 42 on the Riyadh, and now the Jeddah routes.
The Government is committed to nurturing Hong Kong's logistics industry, with more than 500 hectares of rural land in the New Territories earmarked for warehousing, Secretary for Housing, Planning & Lands Michael Suen says. In a written reply to lawmakers in LegCo today, Mr Suen noted logistics is one of the pillars of the local economy, which accounts for 5.4% of the Gross Domestic Product and employs 198,400 people.
At the beginning of April, rail operator Hupac started a new daily shuttle service between Rotterdam RSC and Mannheim Handelshafen. Hupac already ran six shuttles a week to Ludwigshafen, which is close to Mannheim, on the other side of the Rhine. According to director of operations Mark Jansen, it will mainly involve continental and shortsea cargo. Rail4chem will provide the locomotives. Source: press release
Hub Group, Inc. (Nasdaq: HUBG) announced today that its Board of Directors has approved a 2 for 1 split of the Company's Class A Common Stock. The stock split will be in the form of a stock dividend of one share of Class A Common Stock for each outstanding share of Class A Common Stock on the record date and will be tax-free to stockholders.
