Sectors – Page 92
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XPO Logistics achieves ‘robust’ growth in Q3
US-based XPO Logistics saw its third-quarter revenue increase by 11.5% over the same three months of last year, to $4.3bn.Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose from $369.6m in the third quarter of 2017 to $414.9m for the same period of this year.The Connecticut-headquartered company’s logistics segment ...
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Blue Dart reports Q2 profit as expansion continues
Indian express logistics services provider Blue Dart has posted $2.9m profit after tax for the quarter ended September. Revenue from operations for the quarter stood at $107.8m, it confirmed.The Mumbai-headquartered company, part of the Deutsche Post DHL Group, has been working hard to strengthen its presence across India. Earlier this ...
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MASkargo keeps MotoGP on schedule
MASkargo has carried out three charter flights ahead of the Malaysian leg of the 2018 FIM MotoGP World Championship, taking place over the first weekend in November.The first of the three Airbus A330-200 freighter services brought equipment from Tokyo Narita to Kuala Lumpur, followed by two flights from Melbourne’s Avalon ...
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Emirates SkyCargo supports Sri Lankan perishables
Dubai-headquartered Emirates SkyCargo transported 22.8% of Sri Lanka’s total air exports in 2017-18, moving 27,000 tonnes of Sri Lanka's total air exports of 118,000 tonnes.Temperature-sensitive perishable goods are among the principal exports from Sri Lanka and benefit from the carrier’s Emirates Fresh solution.“In 2017-18, Emirates SkyCargo carried more than 7,500 ...
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Cainiao prepares for Singles Day e-commerce spree with freighters and smart warehouses
Cainiao Smart Logistics Network is preparing for this year’s 'Singles Day' global shopping spree with 51 chartered flights and upgrades to its technology.The logistics unit of Chinese e-commerce giant Alibaba confirmed that the chartered freighters will take goods to West Europe, Russia and Southeast Asia for AliExpress and Tmall World ...
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Qatar Airways Cargo rolls out automated mail management system
Qatar Airways Cargo has rolled out a fully automated mail management system at more than 50 stations across its global network in what it says is a first for the industry.It has also signed an agreement with leading logistics solutions provider Descartes to integrate the Descartes Velocity Mail (vMail) solution ...
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Cargolux signs United for Wildlife pledge
Cargolux has signed the United for Wildlife International Taskforce on the Transportation of Illegal Wildlife Products declaration.The European all-cargo carrier said that the move demonstrated its commitment to animal welfare and ethical standards.Added a spokesperson for the Luxembourg-based airline: "The statement, made in good faith, is not legally binding but ...
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DB Schenker expands training options
DB Schenker and the Fraunhofer Institute have developed an innovative employee training program on packaging and order-picking processes as part of a long-term partnership.The training program is built around six exercises that teach the participants about the processes by encouraging playful learning. The employee training course is currently available in ...
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DHL sets up strategic partnership for supply chain operations in China
Deutsche Post DHL Group will transfer its supply chain operations in China to S.F. Holding in a ten-year strategic partnership to grow this business in China.As part of this deal, Deutsche Post DHL Group (DP DHL) will receive an upfront payment of RMB5.5bn (approximately €700m) and a revenue-based partnership fee ...
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DHL Parcel UK strengthens UK presence
DHL Parcel UK (formerly UK Mail) is to take over 3,500 Pass My Parcel ServicePoints across the UK in the face of increasing demand from online shoppers for convenient and flexible delivery options.DHL Parcel UK chief executive Peter Fuller said: "Rebranding [UK Mail] to DHL Parcel UK is a significant ...
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UPS expands investment in India
UPS has taken full ownership of its express service joint venture in India. It previously held a majority stake in the unit which exclusively serves UPS's international express small package shipping business in the country.UPS says the move to obtain full ownership, along with planned network upgrades, demonstrates the company's ...
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Emirates SkyCargo seeks to boost Vietnam trade
Emirates SkyCargo has signed an agreement with the Investment and Tourism Promotion Centre of Ho Chi Minh City to jointly explore opportunities to promote trade to and from Vietnam.The Dubai-based carrier started operations in Hanoi in 2008 and over the last decade has scaled up the number of freighter and ...
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Seko Logistics wins beauty contest
Feelunique, Europe’s leading online beauty retailer, is opening a distribution hub in Hong Kong this month in partnership with SEKO Logistics to serve its rapidly growing customer base in mainland China.Sales have grown exponentially since the retailer launched its dedicated Chinese website three years ago and China now accounts for ...
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Yusen wins Jurox animal healthcare contract
Animal healthcare specialist Jurox has awarded Yusen Logistics UK a contract for warehousing and final mile distribution in the UK and Ireland as part of a strategic move to appoint one global partner.Yusen Logistics already handles Jurox’s international cross border airfreight, together with its complete outbound and inbound flows from ...
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UK Singles Day spend will double predicts e-commerce specialist
Singles’ Day will double in value in the UK this year, predicts e-commerce delivery specialist Parcelhero.Last year the e-commerce-enabled event, which originated in China and is now a global spending spree, generated worldwide sales of $25.3bn, dwarfing Black Friday/Cyber Monday combined sales of $14.48bn.As the day falls on a Sunday ...
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DHL fashions the global logistics for Sweden's Lindex
DHL Global Forwarding has assumed all the freight operations for Lindex, the Swedish fashion chain with 490 stores across 18 Markets plus e-commerce in 30 countries.The forwarding arm of logistics giant DHL manages freight consolidation and distribution to Lindex. Cargo must be shipped from 240 factories managed by 140 suppliers ...
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FedEx buys Australian forwarder Manton Air-Sea
FedEx has acquired Sydney-based forwarder Manton Air Sea to operate as a subsidiary of the FedEx Trade Networks operating company.Richard Smith, president and chief executive, FedEx Trade Networks, said: “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to ...
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DHL races ahead
DHL Global Forwarding is using a combination of air, sea and road to move racing cars and associated cargo to back-to back racing events in Japan.To support the races, the logistics giant will manage all transportation, customs clearance and ground handling for 36 racecars, spares, and ancillary equipment – including ...
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Animals carried as cargo force Lufthansa to ban dry ice
Lufthansa Cargo has “provisionally decided” not to transport dry ice in the bellies of Boeing 747 passenger aircraft, due to potential clashes with live animals being shipped in the same hold.After initial confusion about whether a ban was in place when contacted by Air Cargo News last week, a Lufthansa ...
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Etihad SPRINTs to cargo technology platform
Etihad Cargo has completed its migration to SPRINT, an IBS iCargo fully integrated technology platform which the carrier has adopted as the digital answer to its evolving cargo management needs.The cargo and logistics arm of Etihad Airways has spent 12 months on the implementation process andservices that are now available ...