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Ground Freight & Logistics

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Hanjin Transportation to merge with wholly owned subsidiary Joongbu Daejeon Freight Terminal

Thursday, 12 Jan 2017 10:42pm EST

Hanjin Transportation Co Ltd <002320.KS> : Says it will merge with its wholly owned subsidiary Joongbu Daejeon Freight Terminal, which is engaged in trucking terminal operating business . Says merger ratio is 1:0 between the company and the subsidiary, and Joongbu Daejeon Freight Terminal will be dissolved after the merger .Merger effective date is March 15.

Ahola Transport to lay off eight employees

Tuesday, 27 Dec 2016 07:00am EST

Oyj Ahola Transport Abp : Concludes co-determination negotiations . As a result eight employees' contracts will be terminated .One-off costs related to terminations will be recognized in Q4.

Nikkon Holdings unit to quit business in Brazil

Friday, 4 Nov 2016 01:23am EDT

Nikkon Holdings Co Ltd <9072.T>:Says its 52.2-percent-owned Brazil-based unit NK BRASIL LOGISTICA LTDA. to quit the business at local at the end of May, 2017.

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