Photos
Announcements
Job offersmore »
- Experienced Greenhouse Tomato Grower - Australia
- Business Manager, Green Grocer - Australia
- International Sales Executive (ISE0710) - UK
- Trader - Holland
- Trader - Spain
- Salesman - Poland
- Operations Manager - Netherlands
- Glasshouse Crop Specialist - Canada
- Market Intelligence Analyst - UK
- Responsable commercial export - France
Specialsmore »
Recent commentsmore »
- New Zealand work permit scheme for fruit pickers changed (90)
- Jamaica: Small-scale agriculture goes high-tech (1)
- Further Inventions for a progressive World…. (1)
- ZESPRI releases final numbers for new variety uptake (1)
- Kroger Board of Directors declares quarterly dividend (1)
- Kyle Mathison crowned Cherry King (1)
- India: Chilli farmers get weather-based insurance claims in AP (2)
- Chile may raise rates most in nine years, BCI says (1)
- Duda Farms Fresh Foods expands fresh-cut operations in Oxnard, CA (1)
- US: High tunnels are becoming mainstays (1)
Top 5 - yesterday
- No news was published yesterday.
Top 5 - last week
Top 5 - last month
Other news more »
- With ruling, battle over Arizona immigration law enters new phase - Christian Science Monitor
- Gulf cleanup will change once oil stops for good - The Associated Press
- Hands On with the New Amazon Kindle - PC Magazine
- Obama shares ups, downs on 'The View' - CNN
- Will Charlie Rangel Make a Last-Minute Deal? - New York Magazine
- French mother charged with killing eight of her babies - Telegraph.co.uk
- Survivor of Mont. bear attack says she played dead - The Associated Press
- Second missing sailor in Afghanistan is found dead - Washington Post
- Rain dampens rescue efforts in Pakistani plane crash as nation mourns - Xinhua
- 4 Killed As US Military Cargo Plane Crashes In Alaska - RTT News
Source: Google News
Exchange ratesmore »
- USD: 1.3069
- JPY: 113.64
- GBP: 0.83670
- AUD: 1.4500
- BRL: 2.3042
- CAD: 1.3504
- CNY: 8.8557
- NZD: 1.7996
- ZAR: 9.5650
Euro foreign exchange reference rates
Source: ECB
Wal-Mart Modifying Internal Pallet Flows Management In US; Brambles Says Market Over-react
Australia-based logistics firm Brambles Ltd. said, citing a dramatic over-reaction to its earlier statement regarding the discussions of Brambles-owned CHEP USA with Wal-Mart Stores Inc. (WMT) on Total Pallet Management, or TPM, arrangements, that the developments will have no impact on CHEP's issue volumes or sales revenue. Brambles shares declined around 8.7% on Australian Stock exchange.
In a previous statement on Friday, Brambles had said that Wal-Mart is changing the way it manages pallet flows throughout its internal network in the US, including its TPM arrangements with CHEP USA and other pallet pooling companies. CHEP provides pallet and container pooling, and currently manages TPM services at many Wal-Mart facilities in the US. As part of the TPM services, the company undertakes the management, retrieval and sorting of pallets and provide other reverse logistics services for the Wal-Mart supply chain network. Through the more efficient use of pallets and reduced transportation costs, TPM provides supply chain cost savings.
Brambles noted Wal-Mart's indication that it may contract directly with third party pallet management service providers to retrieve and sort pallets at its own facilities in the US or provide such services itself. CHEP and Wal-Mart are trying to find out ways in which CHEP can continue to deliver lowest cost solutions to Wal-Mart and the broader supply chain. Wal-Mart recognizes the value of pooled pallets within the supply chain. Brambles said the deal with Wal-Mart is very valuable, and that it will continue to work with the retailer to develop the optimal supply chain solution.
However, the statement caused concern in the market, and the company's shares affected badly, to which Brambles Chief Executive Officer Mike Ihlein, in a separate statement, noted that CHEP does not generate sales revenue from Wal-Mart itself, but from manufacturers and suppliers in connection with deliveries to retailers, such as Wal-Mart. He noted that the ongoing discussion with Wal-Mart will have no impact on the unit's issue volumes or sales revenue, and that the current TPM service to Wal-Mart is cost neutral toCHEP.
As per reports, Brambles is the world's top pallets supplier, with about 36% of its first-half revenue from its American pallet business. Brambles said it an appropriate announcement will be made in due course regarding the outcome of its discussions with Wal-Mart. BXB.L closed its Thursday's trading on LSE at 475.25 pence, up 1.50 pence or 0.32%. BMBLF.PK last traded on March 27 at $9.34. WMT settled at $56.67 on Thursday, down $0.40 or 0.70%, on a volume of 21 million shares.
Source: rttnews.com
Australia-based logistics firm Brambles Ltd. said, citing a dramatic over-reaction to its earlier statement regarding the discussions of Brambles-owned CHEP USA with Wal-Mart Stores Inc. (WMT) on Total Pallet Management, or TPM, arrangements, that the developments will have no impact on CHEP's issue volumes or sales revenue. Brambles shares declined around 8.7% on Australian Stock exchange.
In a previous statement on Friday, Brambles had said that Wal-Mart is changing the way it manages pallet flows throughout its internal network in the US, including its TPM arrangements with CHEP USA and other pallet pooling companies. CHEP provides pallet and container pooling, and currently manages TPM services at many Wal-Mart facilities in the US. As part of the TPM services, the company undertakes the management, retrieval and sorting of pallets and provide other reverse logistics services for the Wal-Mart supply chain network. Through the more efficient use of pallets and reduced transportation costs, TPM provides supply chain cost savings.
Brambles noted Wal-Mart's indication that it may contract directly with third party pallet management service providers to retrieve and sort pallets at its own facilities in the US or provide such services itself. CHEP and Wal-Mart are trying to find out ways in which CHEP can continue to deliver lowest cost solutions to Wal-Mart and the broader supply chain. Wal-Mart recognizes the value of pooled pallets within the supply chain. Brambles said the deal with Wal-Mart is very valuable, and that it will continue to work with the retailer to develop the optimal supply chain solution.
However, the statement caused concern in the market, and the company's shares affected badly, to which Brambles Chief Executive Officer Mike Ihlein, in a separate statement, noted that CHEP does not generate sales revenue from Wal-Mart itself, but from manufacturers and suppliers in connection with deliveries to retailers, such as Wal-Mart. He noted that the ongoing discussion with Wal-Mart will have no impact on the unit's issue volumes or sales revenue, and that the current TPM service to Wal-Mart is cost neutral toCHEP.
As per reports, Brambles is the world's top pallets supplier, with about 36% of its first-half revenue from its American pallet business. Brambles said it an appropriate announcement will be made in due course regarding the outcome of its discussions with Wal-Mart. BXB.L closed its Thursday's trading on LSE at 475.25 pence, up 1.50 pence or 0.32%. BMBLF.PK last traded on March 27 at $9.34. WMT settled at $56.67 on Thursday, down $0.40 or 0.70%, on a volume of 21 million shares.
Source: rttnews.com
Publication date: 4/18/2008
respond to this article
email this article
printReceive the daily newsletter in your email for free | Click here
Other news in this sector:
Leave a comment:
|
|
|
|
|
|
|
|
|
|