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June 30, 2014
05:29 EDTVOLVYVolvo announces logistics agreement to reduce environmental impact
The Volvo Group has reached an agreement with Scandinavian Logistics Partners AB, or Scanlog, to sell surplus capacity in rail transport from Belgium to Sweden. The agreement will produce benefits in terms of costs and environmental impact. The Volvo Group’s freight train, the so-called “Train 8” leaves from Umeå via Älmhult in Sweden fully loaded with truck components to the Group’s truck plant in Ghent, Belgium with ten departures a week. But only 10% of the load capacity is used during the return trip to Sweden. The Volvo Group is always trying to optimize transport based on reliability, cost and environmental impact. The means of transport is chosen that best meets the criteria. For this reason, the Volvo Group has been seeking opportunities to use surplus capacity that arises from Train 8’s return journey from Belgium to Sweden. Scanlog’s requirement matches prevailing conditions and an agreement has now been signed with them. From July 1, Volvo will sell the surplus capacity to Scanlog, which in turn sells cargo space to its customers.
News For VOLVY From The Last 14 Days
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November 19, 2014
05:38 EDTVOLVYVolvo reports Oct. truck deliveries down 5% to 22,244 vehicles
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November 12, 2014
06:27 EDTVOLVYVolvo to slash 3,000 employees as part of savings plan, Reuters reports
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November 11, 2014
10:00 EDTVOLVYOn The Fly: Analyst Initiation Summary
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05:29 EDTVOLVYVolvo initiated with an Underperform at Jefferies
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November 9, 2014
18:34 EDTVOLVYVolvo begins XC60 production in China, Reuters says
Volvo Car Group, which is owned by Geely, said it is beginning production of its XC60 crossover at its plant in Chengdu, furthering its goal of supplying locally-produced cars in China, says Reuters. Reference Link

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