Business – Page 127
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Aramex profits up
ARAMEX delivered record growth in the first six months of this year.The Middle East-based logistics company's half-year 2014 revenues increased to US$0.45 million [AED 1,768 million], up seven per cent on the corresponding period of 2013.Net profits rose to $43.4 million, an increase of 13 per cent.“Following a robust first-quarter ...
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DSV's half year air freight boost
Danish freight forwarder DSV saw an 11 per cent rise in air freight volumes in the first half of 2014 to 137,000 tonnes, well above an estimated market growth of between two and four per cent for the period.Acquisitions added around two per cent to the surge in air cargo ...
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DHL air cargo volumes rise but revenues fall
German logistics giant Deutsche Post DHL saw a half year 2014 uptick in air freight volumes despite lower demand from several large customers as revenues declined year on year.The largest global freight forwarding purchaser of air cargo volumes saw a 1.1 per cent rise in total bookings to just under ...
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CEVA's cargo rise in Q2
LOGISTICS giant CEVA is celebrating ocean freight and airfreight volumes rising by seven and one per cent respectively during the second quarter of this year, writes Thelma Etim, deputy editor.New business was also up 31 per cent to US$763m in comparison to $582 million for the same period in 2013.Investment ...
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DB Schenker completes Vietnam JV purchase
DB Schenker has strengthened its foothold in Vietnam’s logistics arena after taking a 100 per cent stake in its joint venture, Schenker Gemadept Logistics.The Germany-based logistics giant has bought the remaining shares in the company, formed in July 2007 to provide logistics and supply chain services through an agreement between ...
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Heathrow airfreight up 7.8 per cent
AIR cargo traffic grew 7.8 per cent at Heathrow Airport in July, writes Thelma Etim, deputy editor.Popular routes, such as Mexico, Russia and China contributed to the increase during the summer month, says a company statement.China’s performance is likely to strengthen further in the forthcoming months, with Air China set ...
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Agility profits up, while cargo continues falling
GLOBAL forwarder Agility's net profits climbed to KD12.9m (US$45.55m) in the second quarter of this year, an increase of 12 per cent on the same period last year, writes Thelma Etim, deputy editor.For the first half of 2014, the Kuwait-based company achieved a net profit of KD24.1 million ($85m) –up ...
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IATA: Speaking out for air cargo’s global image
IT BEGGARS belief that an industry vital to international trade remains so invisible to the rest of the world, writes Thelma Etim, deputy editor.This may be one of the reasons why the air cargo industry has been allowed to operate in a technological time-warp for so long, while other industry ...
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More forwarders sign IATA’s e-AWB agreement
A TOTAL of 1,205 forwarders have now signed the International Air Transportation Association’s (IATA) ground-breaking multilateral e-AWB agreement, writes Thelma Etim, deputy editor.The single standard document allows shipments information to be exchanged electronically, rather than being accompanied by paper airwaybills.The number of airlines who have signed the agreement remains at ...
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Quick Cargo Service: Still going strong 40 years on
IS THIS A GOOD TIME to be setting up as an independent forwarder? Stephan Haltmayer, managing director of Germany’s Quick Cargo Service (QCS) wonders, writes Peter Conway.“There are now so many regulations that I am not sure I would recommend anyone to start a forwarding business these days,” he says. ...
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RFQ responses riddled with errors
FORWARDERS are routinely failing to win new air cargo accounts because their bidding responses are poor, loaded with spelling and grammar mistakes and very often miss the point entirely, so says Bid Management Specialist, Sales Engine Ltd in a report published recently, writes Nigel Tomkins.Although there are pockets of good ...
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More than 1,300 forwarders sign IATA’s e-AWB agreement
A TOTAL of 1,316 forwarders have now signed the International Air Transportation Association’s (IATA) multilateral e-AWB agreement, writes Thelma Etim, deputy editor.The single standard document allows shipment information to be exchanged electronically, rather than being accompanied by paper airwaybills.But the number of airlines signed up to the agreement remains at ...
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Swiss WorldCargo and WCA link up
Swiss WorldCargo has entered into a partnership agreement with WCA, the freight forwarding network for independent logistics providers.Under a Memorandum of Understanding, the air cargo division of Swiss International Air Lines will undertake "cross-cooperation projects" with three of WCA’s specialty groups – WCA Pharma, WCA Time Critical and WCA Dangerous ...
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Kerry Logistics boosts network
Asia-based Kerry Logistics has bought a controlling stake in Dubai’s Able Logistics Group and a majority stake in the sea and air arms of Canada’s Total Logistics Partner (TLP).Able Logistics is an international freight forwarder with offices across UAE, Saudi Arabia, Oman and China.Total Logistics Partner Ocean Consolidators and Total ...
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BidAir acquires Imperial Air Cargo
Johannesburg based BidAir Cargo has acquired the business of Imperial Air Cargo (IAC) in a deal approved by the South African Competition Commission.IAC’s network links Johannesburg, Cape Town, Port Elizabeth and Durban with overnight services using a trio of contracted Boeing 737-200 freighters.The cargo flights are integrated with land based ...
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Dubai World Central’s (DWC) US$32bn airport
CARGO business is projected to soar at Al Maktoum International Airport- Dubai World Central (DWC) in the 2020s, after the completion of an AED120bn (US$ 32bn) expansion project, writes Thelma Etim, deputy editor.The ambitious 56-sq-km development, fully endorsed by Sheikh Mohammed bin Rashid Al Maktoum, vice-president and Prime Minister of ...
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Emerging markets boost Heathrow’s cargo
ROBUST freight traffic, driven primarily by the emerging markets, made August Heathrow Airport’s busiest ever month, writes Thelma Etim, deputy editor.Cargo was up 7.5 per cent overall, increasing 58 per cent to Turkey, 33 per cent to Russia, 32 per cent to Brazil, 30 per cent to Mexico and 16 ...
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DHL opens Leipzig pharma hub
DHL Global Forwarding has marked the official opening of a €3.4 million logistics centre in Leipzig, Germany, for the pharmaceuticals industry.The air and ocean freight specialist of Germany’s Deutsche Post DHL said that the facility, located next to Leipzig/Halle airport, serves as a competence centre for the “transport, transport preparation, ...
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Dubai (DXB) cargo uptick
DUBAI International Airport’s cargo volumes rebounded by 4.3 per cent to 192,902 tonnes in August, compared with 184,877 in the same month in 2013, writes Thelma Etim, deputy editor.The upswing came after the hub returned to full operational capacity in August following a runway upgrade project that reduced the airport ...
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Is shipment consolidation the big barrier to cutting transit times?
DOING the same thing over and over again and expecting a different outcome is a clear sign of madness, it is said. Exposure to the air cargo industry’s disjointed processes only endorses that aphorism, writes Thelma Etim, deputy editor.With the industry’s golden era long gone, and despite the e-commerce boom, ...