LAST WEEK'S TOP STORIES ON FTW ONLINE

Logistics major acquires Canadian perishables company In line with its policy to expand its perishable activities, Kuehne + Nagel has taken over the book of business of Perishables International Transportation of Canada (PIT). New Africa low-cost carrier to launch Lonrho’s new low-cost carrier, FastJet, will use an Airbus A319 aircraft when it launches its service across Africa – with October the proposed launch date. Toyota speaks out on media reports Toyota SA has issued a statement in response to recent media reports that the South African Police Service arrested members of a vehicle theft syndicate and found them to be in possession of a so-called “Toyota master key” and “system modulator override”. ‘Avoid doing business with large companies and government organisations’ Large companies and government organisations are taking longer to pay SMEs, creating significantly higher credit risks for small companies. Express major appoints new MD Kobus Fourie has taken over as managing director of TNT South Africa and Namibia.