British Airways, DHL, Bausch & Lomb, Mars, CEVA Logistics, Kuehne & Nagel to Discuss Future of Supply Chain Technology at Leading Logistics Technology Forum

Over 35 top companies confirmed to speak at leading eyefortransport logistics technology forum. Speakers will address the future of logistics technology in the face of economic difficulties. Complimentary forum passes are available to qualified executives.

CIO of British Airways Paul Coby will address over 150 of his peers from the supply chain and logistics industry at the eyefortransport Logistics Technology Forum, February 19-20, 2009, Amsterdam.

The Forum, now in its 10th year, will address key issues highlighted in the 2008 EFT Logistics Technology Report. The report surveyed over 150 key industry players and showed that the majority of supply chain executives plan to maintain or increase their investment in technology solutions and services, despite feeling the effects of the economic crisis.

At the Forum, over 35 expert CIOs and transport executives will spend 2 days discussing topics including integration, visibility, security and environmental concerns. CIOs from Transport & Logistics companies, as well as top executives from major Manufacturers and Retailers can gain complimentary passes to the event by registering online with eyefortransport.

For the first time ever, this year's Forum will have two distinct tracks: one for Shippers, and one for Transport & Logistics providers. This format allows all participants to gain an in-depth analysis of the key issues facing their specific side of the industry.

Notable companies featured in the Shippers' track include Mars, Bausch & Lomb, Philips, Coors Brewers, HP, Honda and Unilever. In the Transport & Logistics track, speakers represent companies including DHL, British Airways, CEVA Logistics, Fiege, Kuehne & Nagel and Delta.

Technology service and solution providers are invited to participate at the event as supporting partners. Interested companies should contact David Embelton at eyefortransport. T: +44 20 7375 7174, E: david.embelton @ eyefortransport.com.

The event will be held at the Hilton Hotel in Amsterdam. More information about obtaining complimentary tickets can be found at: http://events.eyefortransport.com/logisticstecheu/.

The European Logistics Technology Report can be downloaded at http://events.eyefortransport.com/logisticstecheu/report.shtml

 

  • Commitment to invest US$ 25 million in the integrated facility to synergize domestic and international express operations
  • Improved services by reduced throughput time of 60 minutes

DHL Express, India’s No 1 international air express company and Blue Dart, India’s No 1 domestic air express company along with Blue Dart Aviation today inaugurated a first-of-its-kind integrated terminal at the Bengaluru International Airport (BIAL) that will help synergize the domestic and international express operations of both businesses in South India. With an investment of US$ 25 million, this 220,757 sq.ft facility is expected to provide faster clearance and seamless handling of in-bound and out-bound international and domestic shipments, which will further strengthen the companies’ unparalleled global and domestic delivery network.

This combined facility that handles both domestic and international express operations at BIAL is expected to bring substantial synergies in operations such as reducing throughput handling time, streamlining processes and optimizing the utilization of space and common resources. The facility augments the dedicated aviation network which is one of its kind in the country with its own maintenance, ground handling and airside cum cityside operations capabilities. Further, it is also scaled to accommodate future growth over the next 10 years.

At the inauguration, Dan McHugh, CEO, DHL Express - Asia Pacific said, “With increasing trade opportunities in India and continued growth in Intra-Asia trade, our integrated facility at the new Bengaluru Airport will offer greater customer convenience by providing end-to-end solutions for domestic and international express services. We are proud to be the pioneers in establishing the first-of-its-kind facility in Asia, benchmarked against world-class facilities. This infrastructure is benchmarked to successful global hubs that have self controlled operations and have achieved outstanding results in facilitating trade.”

Malcolm Monteiro, Senior VP & Area Director-South Asia, DHL Express Asia Pacific, said “DHL continues to invest in India to support its growing customer base. Along with our domestic partner, Blue Dart, we are now jointly leveraging on our strengths in joint facilities, customer service, retail express outlets and back end support. We consider this to be a tremendous competitive advantage to combine DHL’s international access in over 220 countries along with Blue Dart’s strong domestic network of 21,044 locations across India.”

DHL’s Express services are widely used by a large number of customers serving critical business & personal requirements. DHL & Blue Dart together are the market leaders of the Express business in India. This integrated facility will now provide a seamless Express handling experience that ensures better utilization of airport assets. With the reduction of load shipments and vehicular movement, the customer will now benefit with a throughput time advantage of 60 minutes.

As part of the DHL group, Anil Khanna, Managing Director, Blue Dart Express stated, “Blue Dart, was the first express player to operate freighters in India. Our dedicated ground and air express services combined with our superior aviation infrastructure continues to be our key differentiator. This shared facility increases our competitive advantage. As we celebrate our 25th Anniversary in India, this is a key milestone that lays a strong foundation for Airport infrastructure.”

About DHL India

DHL India offers customers comprehensive logistics solutions through their four business units: DHL Express, DHL Global Forwarding, DHL Exel Supply Chain and Blue Dart. With a majority stake in Blue Dart, DHL has an unmatched domestic network across 21,044 locations pan India. Through the four business units, customers have access to tailor-made end to end solutions in express, air and ocean freight, supply chain solutions and customs clearance. With world class service centres, biggest retail presence, investment in gateways and warehouses, DHL services more than 50,000 customers across India.

About Blue Dart:

Blue Dart, part pf the DHL group, is South Asia's premier No.1 express air and integrated transportation, distribution and Logistics Company, offers secure and reliable delivery of consignments to over 21,044 locations in India.

The Blue Dart team drives market leadership through its motivated work force, dedicated air capacity, cutting-edge technology, innovation, and value-added services to deliver unmatched standards of service quality to its customers. For further information, please visitour website at www.bluedart.com.

 

Continues Strategic Plans to Enhance Market Position and Financial Condition

OVERLAND PARK, Kan. - YRC Worldwide Inc. announced today the financial impact of yesterday's credit rating change from S&P. The credit rating is considered a trigger event under the credit agreement. This trigger event requires the company to collateralize its remaining unencumbered assets, which primarily include its real estate and revenue equipment. The company estimates the market value of these assets to be around $1.5 billion.

"It is unfortunate that the economic environment and financial markets are causing these types of reactions," stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. "Yet it is important to understand these disappointing downgrades do not change our strategic plans to combine the National companies or improve our financial condition."

Despite the collateralization of these assets, the company's potential to implement multiple strategic actions is not impacted, more specifically:

-- The company can enter into sale and leaseback transactions, including the collateralized real estate. Under the credit agreement, the first $150 million of proceeds from sale and leasebacks can be reinvested in the business or must be used to pay off its $150 million term loan. After repayment of the term loan, the company can use proceeds as it deems appropriate to manage the business.

-- The company can continue to dispose of excess facilities including the expected 150 properties from the integration of Yellow Transportation and Roadway.

-- The company can also complete debt-for-debt exchanges. To the extent the principal amount of the retired debt is greater than the amount paid, the difference would be recognized as a gain on extinguishment of debt and included in the company's earnings before interest, taxes, depreciation and amortization under the credit agreement.

YRC estimates one-time fees for the collateralization to be around $7 to $10 million that would be incurred during the fourth quarter 2008 and first quarter 2009. The company's pricing under its revolving credit facility remains at LIBOR plus 160 basis points, the maximum pricing under the credit facility, which matures in August 2012. The company does not have any significant long-term debt maturities until April 2010.

For further detail on the company's credit facility, please refer to the company's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 21, 2008.

This release contains forward-looking statements regarding the company's future plans within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including (among others) inflation, inclement weather, price and availability of fuel, sudden changes in the cost of fuel or the index upon which the company bases its fuel surcharge, competitor pricing activity, expense volatility, including (without limitation) expense volatility due to changes in rail service or pricing for rail service, ability to capture cost reductions, including (without limitation) those cost reduction opportunities arising from the combination of sales, operations and networks of Yellow Transportation and Roadway, changes in equity and debt markets, a downturn in general or regional economic activity, effects of a terrorist attack, labor relations, including (without limitation), the impact of work rules, work stoppages, strikes or other disruptions, any obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction, and the risk factors that are from time to time included in the company's reports filed with the Securities and Exchange Commission (the "SEC"), including the company's Annual Report on Form 10-K for the year ended December 31, 2007.

YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, Holland, Reddaway, and Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 58,000 people.

SOURCE YRC Worldwide Inc.

http://www.yrcw.com

Newly-Launched Technical Brief Series Models the Effect of the
Public-Private Partnership for Electric Vehicles Announced Today

Berkeley, Calif., (PRWEB) - U.C. Berkeley's Global Venture Lab today unveiled early results of a study modeling the impact of large-scale electric vehicle deployment in the Bay Area. This announcement follows today's news from the California Governor's office, the mayors of San Francisco, San Jose and Oakland, Better Place of Palo Alto, the Bay Area Council, and the Silicon Valley Leadership Group, announcing a public-private partnership for California to lead the nation in switching from carbon-based transportation to sustainable mobility based on clean electric vehicles.

The U.C. Berkeley research team analyzed the impact on California's electrical grid, and developed an economic analysis, and explored deployment strategies. Key preliminary findings include:

  • Large-scale electric vehicle deployment would have a moderate effect on the California peak electricity load;
  • In California, wind generation is cost-competitive with fossil fuel energy sources for supplying electric vehicles, whereas solar power supply is currently an economically less viable option;
  • Santa Clara, San Mateo, and Alameda counties are best suited for an early infrastructure rollout;
  • Early adopters are likely to be professionals in the high-tech sector who commute in or out of Silicon Valley and professionals whose commutes combine both driving and public transportation;
  • In two decades, significant adoption would lead to an annual $175 billion savings at the gas pump for US consumers, while the battery industry would experience a $120 billion gain, which combined would notably decrease the US trade deficit;
  • Electric vehicles would lower total cost of ownership by more than $7,000 compared to a conventional internal combustion engine vehicle.

The U.C. Berkeley impact analysis marks the launch of the Global Venture Lab Technical Brief series, with all three initial documents available for free download at http://cet.berkeley.edu/. Together they present the preliminary results of a multi-disciplinary graduate research project conducted by the Global Venture Lab this fall and advised primarily by faculty from U.C. Berkeley's Industrial Engineering and Operations Research department.

The authors, graduate students from the College of Engineering, the Goldman School for Public Policy and the Haas Business School, will present their findings to representatives from Better Place and a variety of policy organizations in an executive summit this Friday at U.C. Berkeley.

"The Global Venture Lab Technical Briefs are the preliminary results of a new category of research projects," said Ikhlaq Sidhu, a professor in the Industrial Engineering and Operations Research department, Co-director of the Global Venture Lab, and Director of the Center for Entrepreneurship & Technology. "Our approach is to identify and examine meaningful challenges -- with high social impact -- and the potential to not only create new companies, but to create new industries. The Better Place initiative, announced for California today, clearly fits these parameters."

"With our world-class faculty and students and our focus on the innovative design and engineering of large and complex real world systems, the Industrial Engineering and Operations Research department is uniquely positioned to be the 'glue' that integrates multi-disciplinary expertise to address the critical issues facing society in the 21st century," said Phil Kaminsky, the other Co-Director of the Global Venture Lab and a professor in the Industrial Engineering and Operations Research department.

About U.C. Berkeley Global Venture Lab
U.C. Berkeley's Global Venture Lab seeks to foster entrepreneurship within the university and to bring Berkeley research to industry collaborations. To these ends, the Global Venture Lab provides mentoring and support to new Berkeley ventures and hosts multi-disciplinary research projects. Global Venture Lab is supported by the Center for Entrepreneurship & Technology and the Management of Technology program, as well as an extensive network of entrepreneurs and professionals from industry. U.C. Berkeley Global Venture Lab has partners in China, Finland, and India.

About the U.C. Berkeley Center for Entrepreneurship & Technology
Through teaching, programs, and research, the Center for Entrepreneurship & Technology (CET) equips engineers and scientists with the skills to lead, innovate, and commercialize technology in the global economy. U.C. Berkeley faculty and students have started more than 200 U.C. ventures in areas such as IT, biotechnology and clean energy. More information on the CET here: http://cet.berkeley.edu/

 

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