Copyright 2002, Traffic World, Inc.
Austin, Texas-based reverse logistics specialist Newgistics Inc. has appointed Raymond B. Greer president and CEO. Greer, 39, was formerly the president of global network solutions and services at i2 Technologies, a supply-chain management software company. Before taking on the responsibility for the deployment of new business models and strategic business partners at i2, Greer served as chairman and CEO of Esurg Corp., a medical supply procurement company and had been president of Ryder Integrated Logistics.
Cherry Hill, N.J.-based fleet management company AmeriQuest Transportation and Logistics Resources Corp. has completed the acquisition of Corcentric, an e-business solutions provider. The acquisition was the second by AmeriQuest in 20 months. The company acquired FleetXchange, an Internet B2B operator of a commercial transportation knowledge exchange, in February 2001. The Corcentric e-Hub Solution offers transaction hosting and value-added services that enable companies to electronically manage procurement activities, fulfillment and billing procedures.
Multifoods Distribution Group, a distributor to the vending and food service channels, has changed its name to Vistar Corp. The company will operate under the name Vistar/VSA and will continue to service vending operators and food service customers. Headquartered in Denver, the distributor employs approximately 2,500 people and operates 27 distribution centers throughout the United States.
Freight and logistics group U-Freight has opened a facility in the city of Guangzhou, China. U-Freight (Guangzhou) Ltd. will deal with the increasing international trade from the region's capital. "Growth in the city has been in double figures each year for the last 10 years," said U-Freight managing director Anthony Fong. The city's economic plan calls for a 13 percent development rate for the next 10 years, he said. A dredging program at Guangzhou port will deepen the navigation channel to 12.5 meters by 2005 and to 15 meters in the longer term.
Airbus Deutschland GmbH has outsourced all production-related logistics activities for its new A380 aircraft program to global logistics group Kuehne & Nagel. The contract includes project management for the planning, construction and implementation of a dedicated logistics center in Hamburg, Germany.
Singapore-based global transportation and logistics company Neptune Orient Lines has outsourced its transaction-based finance functions to management consulting and technology services company Accenture. The eight-year outsourcing agreement requires Accenture to assume responsibility for the NOL Group's accounts payable, accounts receivable and accounts reconciliation processes, with the operations consolidated in a future service center in Shanghai. According to NOL Group Chief Financial Officer Lim How Teck the agreement is another significant step in the group's ongoing drive to streamline finance and accounting processes. He said the NOL Group expects to realize average annual cost savings of 30 percent over the eight years.
ProLogis, provider of distribution facilities and services, has leased a total of 628,507 square feet of distribution space to adidas Sales Inc. in Cincinnati. Located in three facilities at the Airpark Distribution Center, adidas Sales will use the space for distribution of its full line of apparel and sportswear, as well as a portion of the Salomon NA business owned by the company. Airpark Distribution Center is strategically located on Interstate 275 and Kentucky Route 20.
TRW Automotive, one of the world's largest automotive suppliers and a leading developer and manufacturer of active and passive safety systems, has transitioned to the CHEP container management system for the delivery of seat belts to Ford Motor Co. The move, designed to avoid capital cost for containers, reduce warehouse space, improve efficiency and promote an environmentally sound system of packaging, will be implemented for the launch of the new Ford F-150. CHEP is deploying 35,000 containers and will service three Ford Motor Co. assembly plants in North America on behalf of TRW Automotive. CHEP will establish a service center centrally located to TRW's manufacturing facilities.