FBJ
FREIGHT BUSINESS JOURNAL ISSUE 7 2015
www.fj-online.com
Iberia: Truck-train ready to roll p.19 Island life suits Ital p.20 IAG’s pint-sized heavyweight NEWS
UK faces warehouse squeeze
Channel rail freight measures have no teeth
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Ireland: Europe’s comeback kid p.28 Tax is heavy burden for truckers p.32
It may look like a small plane, but the first British Airways 787-9 Dreamliner will offer one of the largest cargo capacities in the fleet – 22 tonnes over seven pallet positions, which is more than a passenger 747 or even a 777-200, according to an spokesman for IAG, BA’s umbrella company. The new aircraſt offers twin holds, one of which can be operated in chilled mode, making it ideal for the growing trade in pharmaceuticals, as well as fresh fish and produce. IAG will take delivery of a further 11 787-9s
between 2016 and 2018. Another advantage of the new plane is that it can
offer maximum cargo space on long-haul routes. With older planes, the extra fuel required for long sectors tends to eat into available freight capacity. The -9 variant of the 787 Dreamliner offers
considerably more cargo capacity than the original -8 version which IAG already operates. However, IAG will also be adding a still bigger -10 variant when it becomes available.
DSV to buy UTi
Danish forwarder DSV is to acquire US-owned UTi, for about US$1.35 billion, or $7.10 in cash per ordinary share. The deal would propel DSV into fourth place in the global third party
logistics rankings, compared with 6th currently and 19th for UTi. Total turnover of $12.9 billion (based on 2014 figures) would put it ahead of the likes of CH Robinson and Panalpina. In airfreight terms, it would be number seven in the world with 2.4% of the market, behind Nippon Express and above Ceva Logistics. UTi is currently the 15th biggest and DSV the 16th biggest airfreight forwarder. In seafreight, the combined entity would be number six in the world’s
teu rankings with 3.9% of the market, just behind Panalpina and ahead of Expeditors. DSV is currently eighth worldwide and UTi 16th. Talk in the market has been circulating for some time that UTi was looking for a buyer, with DSV named as the likely suitor, although an
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earlier approach by DSV had apparently come to nothing. However, chief executive, Jens Bjørn Andersen and chief financial
officer, Jens Lund told a press conference to announce the planned deal: “There have been changes in UTi’s performance, which now make it a good match.” Bjørn Andersen said: “It will take DSV to a new level in size and market
position.” He added that the move will considerably strengthen DSV’s air and sea division and would turn it into a truly global operator in contract logistics and allow it to expand into road freight activities outside Europe. The combined companies will also have a more balanced geographical footprint with approximately 61% of revenue in Europe, Middle East and North Africa, 17% in Americas, 16% in Asia (APAC) and 6% in Sub-Saharan Africa. UTi operates around a million sq ſt of logistics space
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