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News Breaks
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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October 24, 2014
05:18 EDTVOLVYVolvo reports Q3 EPS SEK 0.74 vs. SEK 0.68 last year
Reports Q3 revenue SEK 67.2B vs. SEK 64.9B last year. Volvo CEO Olof Persson stated, “The activities within the Strategic Program 2013-2015 are being implemented as planned. We have identified additional opportunities to reduce our structural cost level and we are therefore increasing the scope of our strategic program with the following activities: Implement further cost-reduction activities in Volvo CE, reorganize Group Trucks Sales in order to increase efficiency and reduce costs and review what is core and non-core in in our IT operations.”
October 22, 2014
06:42 EDTVOLVYVolvo management to meet with Piper Jaffray
Meetings to be held in San Francisco on October 28 and in Los Angeles on October 29 hosted by Piper Jaffray.

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