Archive for November, 2006

TNT sells Freight Management to GEODIS

Mergers & acquisitions

TNT N.V. announced that it has signed a Sale and Purchase Agreement (SPA) to sell its freight management business unit to French logistics service provider GEODIS SA. The transaction has an enterprise value of ? 460 million, cash and debt free.

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EPCglobal initiates RFID container tracking pilot between Hong Kong and Japan

Supply Chain Technology & RFID

GS1 EPCglobal has announced that the Transportation & Logistics (TLS) Industry Action Group has initiated an RFID pilot program to enable visibility of containers transported by sea between Hong Kong and Japan.

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Grand Alliance reduces Trans Pacific capacity in slack season

Logistics & Shipping

For the first since a long time, the Grand Allinace members Hapag Lloyd, NYK and OOCL haved decided to take out vessel form the schedule, to reduce the available capacity in the Transpacific trade.

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