NEWS\\\


Issue 1 2017 - Freight Business Journal


7


Freight Forwarding Road Freight


Air Freight Sea Freight


Customs Import/Export Contact our Sales team on: 01472 266 000 Pentalver joins Genesee & Wyoming


APM Terminals is to sell its UK- based container logistics company Pentalver to Genesee & Wyoming, a US and international railroad company which is already the parent company of UK-based intermodal operator, Freightliner. The


customary


transaction is subject to closing conditions,


which are expected to be fulfilled in the first quarter of 2017. Headquartered in Southampton,


Pentalver operates off-dock container terminals there and in Felixstowe, London Gateway and Tilbury, as well as an inland site at Cannock in the Midlands. As well as providing storage for


loaded and empty containers on over 100 acres of land, Pentalver also operates haulage services with


more than 150 trucks, primarily daily services between all the seaports in the UK, along with container maintenance and repair. It is also one of the largest sellers of new and used containers in the UK. Pentalver believes that its


operations are complementary to those of Freightliner, the largest provider of maritime container transportation by rail in the UK. Joining G&W will allow Pentalver to provide rail and road transport,and storage options at the ports and inland, as well as unlock efficiencies from shared services and enhanced asset utilisation of both the Pentalver trucking fleet and Freightliner’s existing fleet of 250 trucks.


sales@vixsoft.com


Budapest cargo hits 100K


UPS has bought UK and European road transport broker, Freightex for an undisclosed sum. Freightex has eight locations in the UK and Europe and matches customers’ outgoing freight shipments with available trucking capacity in its network of carriers. The purchase follows UPS’s


UPS to buy UK haulage broker The European 3PL market was


acquisition of North American trucking broker Coyote Logistics in August 2015. UPS chief commercial officer,


Air cargo at Budapest Airport


hit the 100,000-tonne mark in late November, according to airport authority figures and the Hungarian gateway expects to break its annual record this year. Growth has come from traditional all-cargo carriers, integrators and


OOCL speculation mounts


A sudden surge in the value of OOCL shares in mid-January prompted speculation that the Hong Kong-based operator may be about to be sold. OOCL, over two thirds owned by the Tung family, operates a modern fleet of around


575,000teu and is reckoned to be one of the more stable and profitable operators still under independent ownership. However, it is arguably now too small to be fully competitive against the emerging heavyweights of the


industry such as Maersk Line. Pundits have suggested CMA


CGM, Maersk’s and MSC as possible buyers.


OOCL is due to form the Ocean


Alliance with CMA CGM, Cosco and Evergreen in April.


bellyhold operators. The airport


is also used as


a gateway to Europe by major Chinese corporations; virtually all important commercial destinations around the globe can be reached from Budapest via Luxembourg, Doha, Dubai and Istanbul.


Alan Gershenhorn, explained: “The UK and Europe are strategic 3PL freight brokerage growth markets for UPS and there is significant cross border opportunity. This acquisition provides UPS customers an immediate, knowledgeable and competitive UK and European presence. We intend to align Freightex with Coyote for greater efficiency and continue to invest for further growth.”


forecast to reach $174 billion by the end of 2016. The freight brokerage portion of the UK and total European 3PL market is growing at a faster rate than the total market and is expected to further expand as shippers and carriers further adopt the brokerage model. Freightex also handles freight


from shippers who require temperature-controlled or other specialised equipment. Transport analysts Ti


commented that Freightex is a successful development of the concept of the ‘freight exchange’ and had moved beyond a simple posting board to sophisticated algorithms that dynamically reconcile supply and demand, rather like the financial markets. FreightEx also has a much closer relationship with customers and its suppliers.


Fast moves at Fedex


David Bronczek is to take on a new role as president and chief operating officer of FedEx Corporation from 1 February. He will be responsible for marketing, sales and all FedEx operating


companies. President and chief operating


officer Fred Smith said the move, announced last September, had been brought forward thanks to substantial progress in integrating


the TNT acquisition into FedEx Express. Current executive vice president and chief operating officer David Cunningham will succeed Bronczek as president and chief executive of FedEx Express.


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