ZOOM
DSV completes ABX takeover
Danish group DSV has announced that it has finalised the acquisition of ABX Logistics Group for 750 million Euros, of which 550 million are for the shares. DSV Air & Sea Holding A/S now holds 100% of the shares and will immediately integrate ABX into its consolidated financial results. The expected synergies should enable around 100 million Euros per year to be liberated as soon as the integration of ABX is complete in 2011. It will be recalled that ABX is active in the sectors of Air & Sea (65% of its activities), Road (35%) and Solutions (5%). Following restructuring, the Air & Sea activities will be integrated into Road and Solutions. Turnover for 2008 has been revised upwards, from a little over 4.6 billion Euros to more than 5 billion. Profits after tax are expected to move from 206 million Euros to 188 million. (MB)
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NEWS - EUROPE
IRU: internalisation of costs for all modes
The International Union of Road Transporters (IRU) has let it be known that it is “calling on the Council of Transport Ministers, meeting on October 9th to discuss a package of measures involving making transport more ecological, to make the Commission initiative in the internalisation of external costs applicable to all modes of transport and all users at the same time, if it wants to achieve the Community objectives in terms of the environment”.
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DocStop network extends
The Doc Stop network, whose aim is to assist drivers experiencing health problems during their work, is extending.
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DSV takes Unicargo AS over
DSV Road AS (DSV Group) has reached an agreement involving the acquisition of 100% of the shares of Unicargo AS.
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SPECIAL FILES
| Bodywork : This is where productivity is to be found (13/07/2007) |
A transport company can go down various routes to try and improve productivity, but it usually comes back to the same targets: a few litres less of fuel, a few kilos more in the load, less non-productive hours, and all this for the most ‘reasonable’ price possible. On a tractor-trailer unit, or a bulk carrier, a large part of the answer is in the hands of the body-builder.
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| Heinz-Jürgen Löw (Renault Trucks Europe) : Growth through proximity (13/07/2007) |
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Renault Trucks has reviewed its commercial organisation by creating an entity called Renault Trucks Europe and an entity called Renault Trucks International. Heinz-Jürgen Löw has been in charge of the first of these since 2006, the year when the French manufacturer undertook a complete renewal of its ranges and adopted a new approach to its distribution network.
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| Valuation of companies : From intrinsic to shareholder value (13/07/2007) |
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Fifteen to twenty years ago, the value of a company was still determined by its intrinsic value, which is the difference between its assets and liabilities on the balance sheet, or a total of past profits. Hidden reserves present are added to the visible capital and reserves and show the value of the business, or put more accurately, the shareholder value.
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