All Business Articles – Page 65
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News
No update on FedEx deal as TNT reports Q1 loss
TNT Express was unable to provide any updates on its potential acquisition by FedEx as it announced a first quarter loss despite an improvement in revenues.The integrator reported a 1.3% year-on-year increase in first quarter revenues to €1.6bn, but operating income for the period slipped to a €11m loss from ...
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UPS set for billion dollar expansion in Europe
United Parcel Service (UPS) looks set to invest €1bn in its European business in order to expand its package delivery network.The unconfirmed UPS plan, reported by German magazine Wirtschaftswoche, comes less than a week after arch US parcel rival FedEx said it was going to buy Europe’s TNT Express for ...
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UPS set for billion dollar expansion in Europe
United Parcel Service (UPS) looks set to invest €1bn in its European business in order to expand its package delivery network.The unconfirmed UPS plan, reported by German magazine Wirtschaftswoche, comes less than a week after arch US parcel rival FedEx said it was going to buy Europe’s TNT Express for ...
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The spectre of further rate wars...
AIR CARGO operators are warning against knee-jerk rates wars amid Eurozone stagnation in the second quarter impacted by deepening global political unrest, writes Thelma Etim, deputy editor.“The main concern is that political instability, mainly between Russia and Europe/USA will escalate further and subsequently will affect the already fragile economic recovery,” ...
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Hong Kong retains crown as top cargo hub
Hong Kong remained the world's top cargo hub, as preliminary data from Airports Council International showed that global airfreight volumes rebounded 4.7 per cent in 2014 after three years of stagnating growth.World airfreight volumes ended the year with an increase of 5.6 per cent in December. On an annualised basis, ...
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Thomas Howe becomes president of ACS California
Air Charter Service (ACS) has promoted Thomas Howe to president of its US west coast operation.Howe, formerly vice president of the US office, joined ACS at its cargo division in the London headquarters.He later transferred to Los Angeles to start up the cargo department on the west coast, making it ...
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Robert Keen to head BIFA
The British International Freight Association (BIFA) has named Robert Keen as its new director general, to succeed Peter Quantrill who retires from the UK trade association in August.Mr Keen joined the industry in 1970 and worked for a succession of forwarders before joining BIFA in 1999. He was appointed an ...
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Chapman Freeborn appoints Portuguese agent
CHARTER specialist Chapman Freeborn (CF) has appointed ALS Portugal Aviation & Logistics Solutions as its exclusive representative for the Portuguese market.CF has worked closely with the management team of Cascais-based ALS Portugal for a number of years and the new agreement gives local customers greater access to worldwide air charter ...
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MASKargo boss resigns
MASKARGO boss Mohd Yunus Idris has resigned as the company’s chief executive officer.Unconfirmed local press reports suggest that poor ground handling standards and complaints from forwarders may have triggered the resignation, but a spokesperson for MASKargo said: "His decision to leave has nothing to do with what was reported".The country’s ...
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Panalpina's new 'lean' business model
PANALPINA is the first global logistics company to gain accreditation for its ‘lean training’ programme.The achievement comes two years after the company’s logistics division set out to incorporate lean manufacturing principles into its global operations.The Lean Competency System (LCS) accreditation, developed in partnership with the UK’s Cardiff University, means that ...
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Asia's big demand for aircraft
BOEING says strong economic and passenger growth will be the main drivers of future new aircraft demand in the Asia Pacific region.The US planemaker estimates the region’s airlines will need an additional 12,820 aircraft, valued at US$1.9 trillion, and representing 36 per cent of the world’s new fleet deliveries over ...
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Landing in the wrong place
PILOTS attempting to land at the wrong airport happens more often than is realised, it seems.I’ve been reading reports from the USA about how some 150 commercial flights have at least started a descent to the wrong airport in the last 25 years.I was intrigued by this phenomenon after the ...
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Air cargo boosts K+N's growth
A MARKET-BEATING airfreight contribution helped Swiss global logistics company Kuehne + Nagel [K+N] back on the road to profitable growth last year.Overall operational profits (EBITDA) increased by 4.6 per cent to US$1,083 million after an ‘excellent’ airfreight performance, states Dr Detlev Trefzger, chief executive.The company met its profit margin target ...
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Agility's profits up
AGILITY’s overall profits climbed 37 per cent to KD46.2m (US$164.09m) in 2013, despite revenue from its core Global Integrated Logistics (GIL) business falling by 4.5 per cent.Tarek Sultan, chairman and managing director, blamed the decline on “underlying challenges in the freight forwarding industry, including difficult airfreight conditions and falling ocean ...
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Have you given paper the boot?
I HAVE absolutely no idea how many companies out there are totally ignorant of the urgent need to digitise their documents.If there are any – and remember, this is the airfreight business I’m talking about – here’s a brief word of warning: we’re in the age of technology, the age ...
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Panalpina beats the market in 2013
PANALPINA increased its airfreight business by three per cent last year, beating the market’s one per cent growth.It transported some 24,000 tonnes more, reaching an annual total of 825,000 (2012: 801,000].At the same time, increasing competitive pressure led to gross profit per tonne decreasing by approximately two per cent.In total, ...
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K+N air freight volumes edge ahead
KUEHNE + NAGEL saw airfreight volumes increase 1.4 per cent in the 2014 first quarter to 285,000 tons, although divisional air cargo turnover fell 0.9 per cent to just over SFr1bn.The Switzerland-based logistics operator said that the volume increases in air cargo were mainly realised in Europe and North America, ...
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WACO enjoys members boost
GLOBAL forwarder network WACO has welcomed four new businesses from the Middle East, Africa and Latin America.Kuwait Maritime and Mercantile Co, Lyn Cargo Express of the Dominican Republic, Iraq-based BCC Logistics and OMA Group, representing Benin, Ghana, Ivory Coast and Togo in West Africa, were officially appointed as members during ...
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Norbert Dentressangle’s €1,078m revenue hike
NORBERT DENTRESSANGLE’s consolidated revenues rose by 13.6 per cent to €1,078m in the first quarter of 2014.The forwarding giant also enjoyed a 5.5 per cent increase in its transport business revenues to €527m and a 19.8 per cent hike to €522m from its logistics activities “reflecting a more positive trend ...
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Virgin Atlantic wins Cargo Airline of the Year 2014
DURING a glamorous night of fine dining and dancing, Virgin Atlantic Cargo was declared Air Cargo News’ Cargo Airline of the Year. Here are the winners:Cargo Airline of the Year: Virgin Atlantic CargoLifetime Achievement Award: Des Vertannes, global head of cargo, IATABest Cargo Airport (+1m): DXBBest Cargo Airport (-1m): Abu ...