short takes
Mitsui O.S.K. Lines Ltd. reports that it has filled a 40-foot container with purchased food, water, and other daily necessities for transport to earthquake victims
in Japan. ... For the next six months, Elemica will provide free access to its
QuickLink Portal to any buyer or seller located in Japan
wanting to perform a transaction across the Elemica network. … DHL is rolling out an all-green fleet of commercial
delivery vehicles in Manhattan to help reduce its impact on
the city’s environment. DHL Express plans to have 30
American-made battery-powered electric vans and 50
hybrid trucks in operation by September. ... Jaguar Freight Services, an international logistics service provider with 50 worldwide offices, is entering the mainland China market with the opening of a sales office in Shenzhen. ... Two NYK
Group companies, NYK Logistics (Americas) Inc. and Yusen Air & Sea Service
(U.S.A.) Inc., will merge to form a new company, Yusen Logistics (Americas) Inc.
The combined companies will offer end-to-end supply chain services.
DHL
AUTOMATED
FedEx to ramp up capital spending
WAREHOUSE
FedEx Corp. will dramatically expand its
capital expenditures (CapEx) budget for
its 2012 fiscal year as it continues to
pursue growth opportunities outside
the United States, according to the
company’s executive vice president and
CFO. The one exception will be Europe,
where the Memphis-based transport
giant plans to grow organically to
strengthen its pan-European network,
which lags behind rivals UPS Inc. and
DHL Express, Alan B. Graf Jr. said in late
March at a conference sponsored by
JPMorgan Chase.
Graf said FedEx will continue to make
acquisitions, but he doubted it would
pursue TNT Express, which has a strong
network and customer base in Europe.
TNT recently separated its mail and
express businesses to make the express
segment more attractive to potential
suitors. However, the Belgium-based
concern recently posted lackluster financial results, and Graf said TNT’s express
business is too richly priced to suit FedEx.
The company will focus its acquisition
efforts on non-U.S. markets, Graf said,
predicting that within 18 months, inter-
national traffic will for the first time
account for more than half the rev-
enues of its FedEx Express air unit. He
added that the company’s domestic
China operations are expected to turn
profitable during its 2012 fiscal year,
which begins June 1.
SYSTEMS
