All across Europe, banks are writing off billions of euros as the credit crunch takes its toll. Deutsche Bank’s last figures show that pre-tax profit for the quarter April-June at 642m euros was down from 2.7 billion euros the year before
Browsing: Logistics
British Airways World Cargo has posted a 22 per cent increase in commercial revenue to £178 million for the first quarter of its financial year; however its fuel bill for the same period was 51.2 per cent more than the previous year.
Aggregate supplier Tarmac Trupak has replaced its 26-strong trailer fleet as part of a five-year contract hire agreement with GE’s TIP Trailer Services.
Building materials company Marley Eternit, part of the Etex Group, has awarded Wincanton a five-year contract to distribute roofing products from its UK sites in Glasgow and Reading.
The Ministry of Defence has renewed its contract with freight exchange service Freightex to use its software to optimise its road freight.
More evidence of the impact of the credit crunch on supply chains comes from the Aberdeen Group, which suggests that adopting technology to improve productivity will help businesses in the supply chain weather the storm.
Logistics networks went out of fashion 20 years ago as companies found that the higher service levels offered by dedicated solutions outweighed the higher costs. But, slowly, the market has been swinging back towards more collaborative ways of working tha
Glenn Lindfield is adamant that maintaining service quality is a critical issue. “You can’t afford to reduce the quality of service.” In fact, he says: “Our service levels have risen since we created KN Drinks Logistics.”
City Link has taken Glasgow City Council Pension Fund’s 37,933 sq ft warehouse at Ashburton Point in Trafford Park at an annual rental of £204,838 and GLP Properties’ 40,599 sq ft unit at Roman Way in Preston on a ten year lease at £4.25 per sq ft. Savill
Technological developments are also having an impact on the market. NFT’s David Frankish says: “Technology can provide further cost efficiencies and continue to enhance customer service. For example, we recently introduced Masternaut’s Three-X system, whi
