Latest news – Page 641
-
News
Adjusted earnings up for ATSG
US-based aircraft provider, converter and leasing company Air Transport Services Group (ATSG) reported adjusted earnings from continuing operations (excluding non-cash warrant-related items) up 64% at $13.9m for the quarter ended June 30.Adjusted earnings per share from continuing operations were $0.21, up eight cents per share.Revenue increased by $77m, or 43%, ...
-
News
SEKO aims to cut supply chain costs using ocean
SEKO Logistics is helping Glasgow, UK-based Peak Scientific to optimise its supply chain with visibility, reporting and cost saving solutions, and by cutting out unnecessary airfreight costs.Peak Scientific, designs, manufactures and supports high performance gas generators for analytical laboratories, now serves customers in two of its major markets, China and ...
-
News
Cowan takes over at Manchester Airport
Andrew Cowan is to become chief executive of Manchester Airport, taking over from Ken O'Toole, who has been named chief of sister airport in the Manchester Airports Group (MAG), London Stansted Airport.Meanwhile, Collette Roche has been named chief of staff for MAG, responsible for shaping the development of the Group’s ...
-
News
DHL the latest freight forwarder to see margins come under pressure
DHL Global Forwarding is the latest freight forwarder to see airfreight demand and revenues surge during the second quarter, but margins were under pressure as a result of increasing airfreight rates.The Deutsche Post-owned forwarder saw second-quarter airfreight revenues increase by 5.7% year on year to €1.1bn on the back of ...
-
News
Ex-CEVA shareholders launch lawsuit against Apollo Global
A former CEVA Logistics employee has launched a lawsuit against the owners of the company over allegations a group of employee investors were defrauded out of their stake in the firm.In court documents filed in Florida, it is alleged that a group of ex-employees and employees have accused Apollo Global ...
-
News
DHL signs deal to help Shanghai Pharma grow
Shanghai Pharma, one of China’s largest listed pharmaceuticals groups, has signed a Memorandum of Understanding (MOU) with DHL Supply Chain to expand its global logistics infrastructure.Under the MOU, the pharmaceuticals giant – which generated revenues of more than US$18 billion (RMB121 billion) last year – will partner with DHL ...
-
News
Agility airfreight beats the market but net revenue under pressure
Agility’s air freight tonnage grew 14.7% in the second quarter of 2017 – above the market average, said the Kuwait-based forwarding and logistics company.The air cargo performance contributed to a 9.6% increase in revenue for Agility Global Integrated Logistics (GIL), the company’s core logistics business, in the quarter, to 255.2 ...
-
NewsAsian airfreight rates on the up, but transatlantic feels the squeeze
Airfreight rates on services from Asia continued to track ahead of last year’s levels in July, while some weakness was noticed on the transatlantic.The latest figures from TacIndex show that airfreight rates on services from Hong Kong to the US increased by 33% year on year in July to reach ...
-
News
Analyst sees upsurge in forwarding mergers
Increasingly disparate financial performance among leading players will lead to more mergers and acquisitions in freight forwarding, says two industry experts.David Kerstens and Hamish Dalgarno, respectively equity analyst and equity associate at investment banker Jefferies International said in a report that there is a growing performance divide in the freight ...
-
News
Pekoske takes charge of US air security
The US Senate has confirmed David Pekoske’s appointment as head of the country’s Transportation Security Administration (TSA).Pekoske, who was earlier endorsed by President Trump, is a US Coast Guard veteran, where he was lately vice commandant.He will be tasked with ramping up airline security and raising morale at the TSA, ...
-
News
Ceva maintains momentum in tough airfreight market
Ceva said its air freight volumes jumped 15.6% in the second quarter of the year, notably on the Trans-Pacific and Intra-Asia trade lanes.The Netherland-headquartered forwarding and logistics firm said that although the market situation remains difficult, with rising carrier rates, yields were maintained at relatively high levels.Ceva added that productivity ...
-
News
XPO gets its shopping list out again
XPO Logistics could soon be going on another buying spree, said chief executive Bradley Jacobs as he revealed a jump on net income to $75m in the first quarter of 2017, compared with $50.4m in the same period in 2016.He told Reuters that the US-based logistics giant is pursuing “deals ...
-
News
Perspex sees clear advantages from Tigers deal
Logistics and transport company Tigers is to partner with acrylic products maker Perspex SA Gauteng in South Africa for all its warehousing and distribution needs.Perspex South Africa manufactures extruded acrylics, styrenics, polycarbonate, aluminium composite sheeting, polypropylene, polyethylene and extruded polyurethane products.Through the partnership, it aims to will improve its service ...
-
News
Name ten famous Belgians – OK, make it five, then…
Brussels Airlines is calling on its compatriots to name a fifth Belgian Icon to dedicate another of its aircraft to, a creative competition “open to all fans of Belgium around the globe”.It says: “Following the immense popularity of Rackham, Magritte, Trident and Amare, Brussels Airlines goes in search of a ...
-
News
CCS-UK to speed up Heathrow cargo
The user group for the CCS-UK airfreight community system is working on a new module to speed up deliveries and collections at London Heathrow Airport transit sheds.CCS-UK Advanced Info will enable freight agents, and transport companies working on their behalf, to alert handling agents of deliveries, down to House AWB ...
-
News
Qatar Airways dumps plan for American Airline stake
Qatar Airways has dropped a plan to acquire up to a 10% stake in American Airlines, according to press reports. In a statement, the Middle Eastern carrier said that “taking into account the latest public disclosure of American Airlines”, the investment “no longer meets our objectives”.The US carrier had vociferously ...
-
News
Kreutel takes the helm at Fraport Cargo
Felix Kreutel will take over as head of Fraport’s cargo development and management department on 1 October. He joined the airport operator in 2000 and has, since 2015, been vice-president of the Fraport’s cargo and logistics department.He will succeed Dirk Schusdziara, who will become head of the commercial affairs department ...
-
News
Frankfurt puts in a strong cargo performance
Frankfurt’s cargo throughput (airfreight + airmail) climbed by 5.3% year-on-year, to nearly 1.1 million tonnes In the first six months of the 2017 business year, said airport operator Fraport in its half yearly report, published on 3 August.Europe's busiest cargo hub said that cargo traffic continued its growth trend from ...
-
News
VIDEO: DHL completes 'smart glasses' pilot programme
Deutsche Post’s contract logistics arm, DHL Supply Chain, has completed a pilot programme using smart glasses in its warehouses in the US and Europe.The high tech eyewear provide visual displays of order picking instructions along with information on where items are located and where they need to be placed on ...
-
News
PACTL breaks its cargo records
Shanghai Pudong International Airport Cargo Terminal (PACTL) saw record volume in the first half of 2017, beating the tonnage handled in the corresponding period of last year by 12%.Total tonnage at the handler – the airport’s largest - for the first half of 2017 was 873,573, up 12% on 2016. ...