Andy Martin - YRC Logistics EU

One of the areas where I don’t spend enough of my time is our transit warehouse and transport department in London. I would like to thank Tom Foster for arranging a day where I could work with the team, which included unloading a couple of groupage containers.

What I did see first hand, is what I am being told by my management, in that we have a close team doing a great job. The warehouse and transport departments are often overlooked but they extremely important and integral part of our business and I had a really enjoyable day.

When I next see clients like Ben Sherman or Gant I can honestly say I did take care of their shipments and I have a bad back to show for it. Thanks again to Tom and the team for doing a great job for our clients.

Labels: transportation, warehouse

YRCL Argentina secured a large project movement recently.

If any YRC Logistics EU staff are interested to view details of a recent air charter project they can view via the company intranet.

The project consisted of 20 tons/6 units of over-sized mining equipment from China to Argentina by a chartered flight. The biggest piece was as large as 5.4m x 3.6m x 3.8m.

The flight departed Tianjin, China on July 31st and arrived at Comodoro Rivadavia Airport, Argentina on August 2nd.

Labels: Air Freight, China, Freight, Service, Staff, transportation

We have now closed on the acquisition of Jiayu, the third largest ground transportation provider in China.

We believe ground transportation is one of the critical elements in the supply chain, and in China it’s a major pain point for many of the clients of YRC Worldwide.

When you consider three years ago we were just getting started in China, to now we have made great progress and it is interesting to view some of the key points.
We have over 250 offices throughout China with approximately 4000 employees. Our revenues on a run rate basis when you include Jiayu will be between $350 to $400 million on an annualized basis. Lastly, from a profitability basis, although many companies told us early on that we would lose money for 3 to 5 years, this has not been the case. In fact, our Joint Venture with JHJ continues to show significant improvement and in July alone they more than doubled their profits compared to July of last year. We’ve always been profitable, every quarter and we have a massive amount of talent on the ground in China.

All of these developments mean we can offer our clients more value in this key market which is great postition to be in.

My blog updates may be a bit limited over the next 2 weeks as I am in China viewing some of these exciting developments.

Labels: China, JHJ, Logistics, transportation

On 20th December 2007 YRC Logistics entered into a definitive agreement to acquire one of the largest ground transportation providers in China. This has given YRC Logistics extra services in China with 30,000 clients, 1,800 employees, 3,000 trucks, over 190 facilities in 80 cities with full transportation and distribution capabilities. In addition to the joint venture with one of the largest freight forwarders in China, JHJ, in 2005, this now gives YRC Logistics tremendous scale in China. As you may have already read in my blog, we are actively recruiting China experts, to be based in our European offices to cope with the extra demands. This really is an exciting period for YRC Logistics and staff that are interested in the fascinating market with China. To find more about our China capabilities please click http://www2.yrclogistics.com/yrcwlogistics.aspx?pgID=1046 or call 0800 6129374

Labels: China, JHJ, transportation