Express – Page 27
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UPS seals joint venture with China’s SF Express
UPS and SF Express’s parent company, SF Holding have gained China Ministry of Commerce approval for their planned joint venture.The two operators will collaborate on international delivery services from, initially, China to the US and, in future, on other trade lanes.In a statement , UPS and SF Holding said the ...
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BEST Inc the latest Chinese logistics firm to raise funds through listing
BEST Inc has become the latest Chinese express and logistics firm to raise funds through an IPO.The Alibaba-backed company raised $450m through a listing on the New York Stock Exchange in what is the largest IPO of a Chinese firm in the US since ZTO Express raised $1.4bn in October ...
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FedEx takes $300m operating income hit on cyber attack
The Petya cyber attack cost express giant FedEx $300m in lost operating income during the first quarter of its financial year ended August 31.The company said the cyber attack, which hit its TNT Express business in June, predominantly affected revenues. The loss of revenues went straight through to its profits ...
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FedEx asks for second extension to Cuba service start-up deadline
FedEx has asked for more time to start up its new Cuba freighter service after facing problems finding suppliers in the country and due to potential changes to US policy.Last year, the express firm was the only airline granted permission to operate all-cargo services between the US and Cuba as ...
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Time critical firm GBA expands into Germany
Time-critical logistics firm GBA Services has continued with its European expansion, adding a operations covering the German market.The company, which is already present in the UK, Poland and Austria, will add a new office in Bremen from where it will provide the full portfolio of GBA’s services – including time-critical, ...
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SF Airlines adds freighter number 40
Chinese express cargo carrier SF Airlines last week added its 40th freighter aircraft to its fleet.The freighter operator, which operates the largest all-cargo aircraft fleet in China, took delivery of the converted Boeing B757-200F aircraft at its Shenzhen Bao'an International airport base.The aircraft is the first in the SF Airlines ...
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VIDEO: UPS drives vehicle safety with virtual reality training
UPS will start training student delivery drivers to spot and identify road hazards using Virtual Reality (VR) headsets that vividly simulate the experience of driving on city streets while teaching a more memorable classroom lesson.The US parcels and logistics giant will begin launching VR training in September at its nine ...
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FedEx and UPS top bosses in memo to Trump: Keep the US globally competitive
US logistics giants and fierce rivals UPS and FedEx have joined forces by calling on the US Congress and the Trump Administration to work on policy reforms to keep the US globally competitiveIn a signed editorial published in the influential Wall Street Journal, FedEx Corp chairman and chief executive Fred ...
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AMI adds imports to South Africa service
Trade-only airfreight and express wholesaler AMI has launched an express import service to South Africa.Click2ship Express Imports is the counterpart to the click2ship Express Exports launched in the country in 2014.It provides online quotes and bookings for imports from any location in the world. Prices include collection at origin, export ...
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Atlas announces B747F leases and improving Q2 financials
Atlas Air Worldwide has reported improvements in second-quarter revenues and profits, while also announcing the placement of three freighters with Hong Kong Air Cargo Carrier.Shortly before announcing its second-quarter results, the Purchase-headquartered aircraft lessor announced that it had placed three Boeing 747-400 freighters with Hong Kong Air Cargo on an ...
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The drinks are on us, says UPS
UPS is expanding its ability to ship alcohol, wine and beer to consumers on its express or standard shipping services.Wine connoisseurs can now use the express logistics firm to ship cases of wine shipped directly from the vineyards to their home.UPS says that according to industry studies, Italy, France and ...
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UPS sees profits and revenues improve in Q2
Express giant UPS saw revenues and net income increase during the second quarter of the year as e-commerce gains helped push performance.The Atlanta-headquartered firm saw second-quarter revenues increase by 7.7% year on year to reach $15.7bn, while net income grew by 9.1% to hit $1.4bn.Revenue growth was led by its ...
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VIDEO: Improving air cargo security in the US
The US air cargo industry has been debating how it believes the sector can make supply chains more secure (see video at end of article).Air cargo participants presented their thoughts on air cargo security to a Homeland Security subcommittee chaired by Republican John Katko.President of the Cargo Airline Association Stephen ...
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KLM boss Elbers in high profile support of airfreight and freighters
Cargo can often be the forgotten partner of its passenger counterpart, but not at KLM, where the Dutch airline’s president and chief executive, Pieter Elbers, is fully behind the freight division.Elbers struck a high-profile when KLM-Martinair opened its new sort centre at Amsterdam’s Schiphol airport, a “tens of millions” euro ...
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UPS experiments with drone delivery option
Express services giant UPS has taken another step down the road towards the delivery of packages and other small shipments by drone.It has successfully tested a drone that launches from the top of a vehicle, autonomously delivers a package to final destination and then returns to the vehicle, all while ...
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UPS supersizes in Salt Lake City
UPS is to build one of its largest packaging processing hubs to date at Salt Lake City as part of an ongoing expansion programme. When completed in late 2018, the new 840,000 sq ft facility will process 69,000 packages per hour, adding to the existing 200,000 sq ft operations in ...
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SATS opens e-commerce hub at Changi
Singapore ground handler SATS has unveiled its new eCommerce AirHub at a Changi airport.The S$21m, 6,000 sq m facility, co-funded by the Civil Aviation Authority of Singapore (CAAS), will increase Changi’s mail sorting capability to support the growing e-commerce market.A spokesperson for the handler said: “By deploying state-of-the-art technology, SATS ...
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Online quotes increase AMI's express imports business
Airfreight and express wholesaler AMI UK has seen a 10% rise in traffic during the first three months of its trade-only online service, Click2ship Express Imports.AMI said that the recently-launched service aims to make handling imports "less labour-intensive and more profitable for couriers and freight agents," by enabling customers to ...
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time:matters expands flight network to Birmingham and Dublin
Time-critical logistics provider time:matters has expanded its flight network for spare parts logistics from Karlsruhe/Baden-Baden in southern Germany to Birmingham and Dublin on weekdays.The new routes extend the current network to the UK and Ireland, which have been served by flights from Frankfurt and Maastricht since 2011.The Lufthansa subsidiary confirmed ...
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FedEx financial performance hit by TNT cyber attack
Express firm FedEx said today that its financial results will be affected by the Petya cyber attack that hit subsidiary TNT. The company continues to be affected by the virus.In a stock exchange announcement, the express giant said it was still evaluating the financial impact of the attack, but it ...