Sectors – Page 132
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News
Aramex 2015 revenues up but net profits dip due to staff incentive scheme
Dubai-based logistics operator Aramex saw its 2015 full Year revenues increase by 5% to AED3.8bn, while annual net profits fell by 2% to AED311m, due partly to a company incentive scheme to retain talented staff.Exposure to major currency fluctuations, primarily the Euro, South African Rand and Australian Dollar, had a ...
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Air China Cargo to launch cold chain product this year
Air China Cargo has revealed plans to launch a cold chain product this year and is leasing ULDs from Envirotainer to support its expansion in the temperature controlled market.The fast-growing Asian airline plans to roll out a cold chain product this spring with further network expansion planned in 2016 based ...
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FedEx takeover of TNT edges forward
FedEx’s takeover of TNT has taken another step forward after Brazil’s competition authority gave its go-ahead to the acquisition.The US parcel giant said Brazil’s Conselho Administrativo de Defesa Econômica had yesterday unconditionally approved its intended acquisition of TNT Express.“We are very pleased with the unconditional approval from the Brazilian regulatory ...
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From lamb cargo to LAN Cargo, 2,000 Magellan sheep flown to Ecuador
LAN Cargo has begun transporting more than 2,000 sheep from the Magallanes region, destined for the sheep-farming and wool-weaving indigenous communities that inhabit Ecuador’s central mountains.Following an agreement between the governments of Chile and Ecuador, the Marin Magellan Meat Merino specimens — 1,500 females and 507 males — will be ...
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We’re in this together
MEANINGFUL partnerships may be the new way forward for competing air cargo companies.When there is too much capacity, when prices are at rock bottom and yields are in decline, when shippers are modal-shifting to sea, when economies of scale are desperately required – maybe that is the time to turn ...
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Cargolux passes GDP audit
Cargolux has passed its GDP Surveillance Audit, validating its certification for another year.The completion of the audit attests that the company’s management system fulfills the requirements of the EU directive ‘Guidelines on Good Distribution Practice of Medicinal Products for Human Use’ and of WHO guidelines.Cargolux Director Global Logistics Services Franco ...
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Aramex buys Fastway Couriers in New Zealand
Dubai-based logistics operator Aramex has expanded its footprint in the Asia-Pacific region with the 100% acquisition of Fastway Couriers in New Zealand for NZ$125m.Established in 1983, Fastway Couriers' global network includes 63 regional depots and 1,500 courier franchisees across Australia, New Zealand, Ireland, Northern Ireland and South Africa. With more ...
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Algeria links gain from Marseille upgrade by DHL Express
An €8m investment at France’s Marseille Provence Airport by DHL Express has allowed the logistics giant to add direct links to Algeria in North Africa from the French Mediterranean hub.DHL’s warehousing capacity has more than doubled to 3,000 sq m at Marseille, and the workforce will also double to 84 ...
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K+N bags GSK pharma contract
Kuehne+Nagel has signed a five year pharma logistics contract with global healthcare company GSK.The Switzerland-based supply chain giant will operate an “end-to-end global logistics partnership” for GSK until 2021, running the core business of transporting products from the raw materials supplier to trade customers.Said K+N: “With numerous suppliers, a large ...
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United opens temperature control facility at Newark
United Cargo has opened a TempControl centre at its Newark Liberty International Airport (EWR) hub.It will serve TempControl, the US carrier's product for commodities requiring temperature-controlled transport.The new facility includes the features and innovations “most requested” by United’s TempControl customers, including +15C to +25C controlled room temperature, the capacity to ...
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DHL takes a stake in French e-commerce logistics specialist
Deutsche Post DHL Group is taking a 27.5% stake in Relais Colis, a French e-commerce logistics specialist serving Europe’s third largest internet retail market.The Germany based global logistics giant said that the minority holding will “support the further development of the French e-commerce logistics specialist’s network of pickup points and ...
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European Commission approves Fedex's takeover of TNT
The European Commission has given official approval to FedEx’s $4.8bn acquisition of TNT Express.The two companies said that following an investigation, the European Commission concluded that the deal would not raise any competition concerns.The Commission said FedEx and TNT are not particularly close competitors and the merged entity will continue ...
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Emirates' new LA flight takes aim at fruit and vegetable exports
Emirates hopes an increase in frequencies between Los Angeles and Dubai will cater for fruit and vegetable exports from the US city.The extra flight, which will be operated by an Airbus 380-800ULR, increases the airline’s daily frequencies between the airports to two per day.Emirates said it hoped the flight's cargo ...
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Schiphol Cargo eBook provides guidance for pharma logistics managers
Amsterdam Schiphol Airport has produced a pharma e-book which features interviews with seven experts in the pharma and pharma logistics sectors.Vision Pharma Logistics 2020: Insights and practical advice is published by Schiphol Cargo – the European airport’s dedicated cargo department.One of the main conclusions in the book is that pharma ...
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FedEx considers appealing French cartel fine as it reports profit improvements
FedEx has said it is considering appealing against the fine issued by France’s competition authority for alleged price fixing in the parcel delivery sector as it announced its latest quarterly results.The Memphis-headquartered integrator recorded an increase in second-quarter fiscal year revenues of 5% to $12.5bn, operating income was up 4.6% ...
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The challenge of meeting pharmaceutical supply chain requirements
Air cargo carriers face the challenge of balancing the need to make investments to meet the needs of pharmaceutical shippers and justifying those investments to finance departments.Speaking at the Air Cargo News Life Sciences and Pharmaceuticals conference, American Airlines manager cold chain strategy Tom Grubb provided an example of how ...
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France slaps price-fixing fines on 20 express carriers
France’s Competition Authority (Autorité de la Concurrence, FCA) has ordered 20 parcels delivery firms to pay a total €672.3m for price-fixing.Some 20 companies including Chronopost, Exapaq (now DPD France), Dachser France, DHL Express France, FedEx Express France, Gefco, Geodis, GLS France, Norbert Dentressangle Distribution, Schenker-Joyau (now Schenker France), TNT Express ...
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Va-Q-tec opens rental station in Mumbai
Cool chain equipment lessor va-Q-tec has opened its first container rental network station in India for pharmaceutical shipments.The recently qualified and trained network station in Mumbai, opened in cooperation with Japan's Yusen Logistics, is the first of multiple hubs to follow in India.Siddarth Kasturia, senior general manager at Yusen Logistics, ...
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LatAm pharma boost for IAG Cargo
IAG Cargo’s Constant Climate pharma product will have access to three new passenger routes in Latin America from the summer of 2016, offering bellyhold capacity to growing life science markets.From summer 2016, the carrier will operate direct flights from London Gatwick to San Jose, Costa Rica and Lima, Peru. In ...
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Brussels Airport launches airside pharma transporter to avoid temperature fluctuations
Brussels Airport has developed an airside pharma transporter in order to get around the problem of temperature fluctuations during the transfer of air cargo to and from the aircraft.The Belgian airport said its airside pharma transporter, which will swoop into action this month, is a trailer on which an insulated ...