Express – Page 25
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UPS: direct and daily to Dubai with freighter operation
Having taken delivery of three new Boeing 747-8 freighter aircraft in 2017, UPS is deploying one of them on a daily non-stop flight from its Worldport hub in Louisville, Kentucky to Dubai.The service is currently flown on a weekly basis and will begin operating Tuesday through Saturday from February 27.Jim ...
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UPS sees growth accelerate in 2017
Express giant UPS saw both revenues and profits accelerate last year, with the improved performance led by its supply chain and freight division.In total, UPS saw revenues for 2017 increase by 8.2% year on year to $65.9bn, while operating profits were up 37.7% on 2016 to $7.5bn and net income ...
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YTO chooses Hactl as Hong Kong handler
YTO Cargo Airlines (YG) – the aircraft operating arm of Chinese courier firm YTO Express – has appointed Hong Kong Air Cargo Terminals Ltd (Hactl) as its handling agent in Hong Kong.The carrier commenced operations in September 2015, and launched its newest route – Wuxi-Hong Kong – on January 29 ...
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FedEx trumpets $1.5bn investment in Indianapolis hub
FedEx is to investing $1.5bn to "significantly expand" the FedEx Express Indianapolis hub over the next seven years as part of a three-pronged pay, pension fund and infrastructure investment package outlined today.The US parcel and logistics giant's Memphis SuperHub will also be modernised and enlarged in a major programme, the ...
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Expanding SF Airlines adds new route to Lhasa
Fast-expanding SF Airlines has launched its second new service of the year, this time connecting Chengdu with hard to reach Lhasa.The first flight took place on January 22 with regular services due to start in April. SF Airlines said the service would largely cater for perishables, such as Yangcheng Lake ...
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FedEx's Binks to retire in June
David Binks, FedEx Express Europe president and chief executive of TNT, will retire in June to be succeeded by Bert Nappier, currently FedEx Express senior vice president of finance - international.Binks, who started with FedEx in 1983 as part of an acquisition in the UK, rose through the ranks, leading ...
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DHL launches global trade barometer, and the mercury is rising
Logistics giant DHL has introduced what it claims is an early indicator for the current state and future development of global trade.The DHL Global Trade Barometer, published quarterly, is based on large amounts of logistics data from the deepsea container market that are evaluated with the help of artificial intelligence.The ...
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FedEx expands freight forwarding business
FedEx is expanding freight forwarding division, FedEx Trade Networks, with the addition of its speciality logistics and e-commerce solutions businesses from March.FedEx Trade Networks (FTN), which is led by Richard Smith, son of FedEx founder Fred Smith, will include a new company called FedEx Forward Depots, with responsibility for critical ...
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SF Airlines continues expansion with new Mongolia route
SF Airlines has added a new service between China and Mongolia that aims to capitalise on the 'belt and road' initiative and e-commerce traffic.The SF Express-owned airline said it had launched the service on January 11 utilising one of its B757-200 freighters.The flight will operate on a rotation of: Shenyang-Changchun-Ulan ...
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Harrell to lead UPS freight forwarding arm in Europe
UPS has named Michael Harrell as president of freight forwarding for Europe.Harrell will be responsible for the strategy, performance and revenue growth of the US parcel and logistics giant's freight forwarding services across Europe. He will report to Nando Cesarone, president of UPS Europe.“Mike has the global perspective and industry ...
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Tunisia's Express Air Cargo to expand with new aircraft, services and hub
Tunisia-based Express Air Cargo will add four new aircraft to its fleet this year, allowing it to expand the number of services it offers to African destinations.Starting in January, the airline will begin to roll out 21 new services to a range of countries in west and central Africa and ...
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FedEx opens new Shanghai hub to meet express growth
FedEx has opened its Shanghai International Express and Cargo Hub located at Pudong International Airport as it looks to expand the reach of service.FedEx said that the facility provides "greater connectivity and convenience to the FedEx global network and overseas markets for customers in eastern China, particularly those shipping to ...
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SF Airlines adds another freighter
SF Airlines has continued its fleet expansion through the delivery of a B757-200 converted freighter.The freighter is the 41st in the airline's expanding fleet, which stood at 36 aircraft this time last year. Its fleet now includes five B767s, 19 B757s and 17 B737s.The airline also revealed that last year ...
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E-commerce is changing the way DHL Express thinks… and acts
Describing e-commerce as a “revolution”, Ken Allen, chief executive of DHL Express says that the Deutsche Post division is adapting its systems away from business-to-business (B2B), to adapt to this new consumer-driven environment.“With this revolution that is going on at the moment in e-commerce, we’ve had more and more to ...
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SF Express launches Nanjing-Osaka freighter
China's SF Express has added a Boeing 737-300 freighter service between Nanjing and Osaka in Japan, the first international route by the express airline to have a daily chartered flight that leaves at the same time Monday to Friday.SF Express International business unit chief executive David William Adams said: "The ...
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Brazilian post office and Azul to launch e-commerce logistics platform
Brazil's postal service Correios and local airline Azul are joining forces to create a logistics platform to serve the Latin American nation's e-commerce sector.A joint statement said that the new company “will allow the expansion of logistics services and products to locations not yet attended”.Activities are expected to begin in ...
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UPS welcomes US tax reforms
UPS has joined FedEx in praising tax reforms in the US, saying the new regime will help boost volumes and allow it invest in expanding its business.On Tuesday, the US senate voted in favour of a new US tax regime that will reduce corporate taxes to 21%, instead of the ...
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FedEx optimistic on air cargo and US tax reforms
FedEx is expecting another year of air cargo growth, while it also expects to benefit from US tax reforms that were passed yesterday by the Senate.The express giant yesterday reported second-quarter fiscal results, with revenues increasing 9.4% to $16.3bn, operating income up 7.7% to $1.3bn and net income improving 10.7% ...
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SF Express continues to develop China cargo hub plan
SF Express has confirmed its plans to set up a huge new air cargo airport in central China.According to reports, the express firm on Wednesday signed an agreement with the provincial government and an investment company to invest a total of Yuan5bn in a joint venture that will build the ...
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UPS ready for package delivery peak season after cyber week surge
US logistics giant UPS reports that demand for its services remains "very strong" and that the company has returned to normal delivery time-in-transit after the "initial cyber week surge".In a statement, UPS said: "Black Friday and Cyber Week sales in the US were record-breaking and UPS delivered more than originally ...