All Business articles – Page 63
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News
K+N air freight volumes edge ahead
KUEHNE + NAGEL saw airfreight volumes increase 1.4 per cent in the 2014 first quarter to 285,000 tons, although divisional air cargo turnover fell 0.9 per cent to just over SFr1bn.The Switzerland-based logistics operator said that the volume increases in air cargo were mainly realised in Europe and North America, ...
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WACO enjoys members boost
GLOBAL forwarder network WACO has welcomed four new businesses from the Middle East, Africa and Latin America.Kuwait Maritime and Mercantile Co, Lyn Cargo Express of the Dominican Republic, Iraq-based BCC Logistics and OMA Group, representing Benin, Ghana, Ivory Coast and Togo in West Africa, were officially appointed as members during ...
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Norbert Dentressangle’s €1,078m revenue hike
NORBERT DENTRESSANGLE’s consolidated revenues rose by 13.6 per cent to €1,078m in the first quarter of 2014.The forwarding giant also enjoyed a 5.5 per cent increase in its transport business revenues to €527m and a 19.8 per cent hike to €522m from its logistics activities “reflecting a more positive trend ...
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Virgin Atlantic wins Cargo Airline of the Year 2014
DURING a glamorous night of fine dining and dancing, Virgin Atlantic Cargo was declared Air Cargo News’ Cargo Airline of the Year. Here are the winners:Cargo Airline of the Year: Virgin Atlantic CargoLifetime Achievement Award: Des Vertannes, global head of cargo, IATABest Cargo Airport (+1m): DXBBest Cargo Airport (-1m): Abu ...
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Panalpina gains airfreight market share
PANALPINA continued to gain airfreight market share in in the first quarter of 2014, with a 6.3 per cent rise in volumes that outpaced the industry’s 4 per cent benchmark growth.“We had a decent start into 2014,” says Panalpina chief executive Peter Ulber. “In the first three months of the ...
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Lufthansa Cargo: Air cargo security starts at home
HARALD ZIELINSKI, global head of security and environment management for Lufthansa Cargo, has just finished collaborating with professors Elmar Giemulla and Bastian Rothe on a new guide to air cargo security.To be published in June – so far only in German – and aimed at the non-specialist audience as well ...
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DP DHL air cargo volumes flat in Q1
Weak demand from major customers saw Deutsche Post DHL’s first quarter 2014 air cargo volumes remain flat at 933,000 tonnes, while its containerised sea freight volumes rose 4.7%.The Germany-based logistics giant reported that air freight volumes started to improve towards end of quarter as its global forwarding and freight division ...
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DHL expands Thermonet life sciences stations
DHL GLOBAL FORWARDING will see 15 more certified life sciences stations go live in the second quarter of 2014, primarily in the Americas, Europe, Middle East and Africa regions.Adding to the existing Thermonet network, DHL is expanding the global service for life sciences and healthcare customers with temperature-controlled airfreight shipment ...
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Agility profits up, but cargo revenue drops
KUWAIT-BASED logistics company Agility’s profits rose 11 per cent to KD11.24 million in the first quarter of this year, even though overall revenues dropped by 11 per cent.Weak demand in air cargo continued to impact on the company’s Global Integrated Logistics (GIL) business, which saw its revenues decrease by 15 ...
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IJS Global acquired by Dutch investor
GLOBAL logistics service provider IJS Global has been acquired by Dutch investment company Nimbus.IJS will provide the Netherlands-based entity with its first involvement in the transport and logistics sector, but IJS will continue to be driven from its Amsterdam headquarters with its senior management remaining very much in place, says ...
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Infrastructure issues hold back Latin America
INADEQUATE airport, road and rail infrastructure is threatening the promising economic growth Latin America has enjoyed in recent years.The continent should be building on those gains by augmenting its competitiveness across international markets and global supply chains – but instead it is plagued by excessive internal transport and logistics costs.Average ...
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Hong Kong overbalances and needs a new runway
IT MAY be the world’s most prodigious airfreight nerve centre, but Hong Kong’s exports rose by only 0.1 per cent in the first four months of this year.For a hub of such historic weighty airfreight significance, that seems like a slump. Although imports increased by 2.1 per cent, the trade ...
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Atlas Air: A strong future for wet-leasing
ON THE face of it, this does not seem like a good time to be an ACMI operator.British Airways recently terminated wet-leases on three B747-8Fs and switched to a much smaller capacity-sharing arrangement on Qatar Airways freighters. Carriers as varied as Air France-KLM, EVA Air and Singapore Airlines have all ...
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Middle East booming says Agility
THE Middle East region continues to offer extremely lucrative opportunities for those companies able to take advantage of its emergence as a global logistics hub, stresses Essa Al-Saleh, chief executive of Kuwait-based Agility Global Integrated Logistics.In an address to an emerging markets logistics conference in Dubai, Al-Saleh highlights the outstanding ...
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FPS New Zealand certified to handle consumables
FAMOUS Pacific Shipping (FPS) has won official approval to handle and transport imports and exports of dairy and non-dairy products for human and animal consumption in New Zealand (NZ) and beyond.Awarded by the NZ Ministry for Primary Industries (MPI), certification applies to every element of the supply chain.New Zealand has ...
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DB Schenker strengthens African network
DB SCHENKER is expanding its presence in Africa, by fully integrating Bochimar Lda Luanda (Angola) into its network, following a nine-year regional partnership.The global logistics company has also opened an office in Maputo, Mozambique.“In line with our growth strategy, we continue to intensify our own presence in interesting markets,” says ...
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Global Shippers Forum: Change or lose market share, shippers warn
THERE is bad news and good news for the airfreight industry from Chris Welsh, secretary general of the Global Shippers Forum (GSF). The bad news is that its share of the freight market is under sustained attack from sea and land freight. The good news is that solutions are in ...
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Air cargo cyber crime warning
THE number of cyber crime-related incidents where spyware has been installed within an air cargo operator’s IT system and release codes for containers from terminals have been stolen are rising, warns freight insurance specialist TT Club, writes Thelma Etim, deputy editor.“We see incidents which at first appear to be a ...
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DSV in Swift move for Africa
European logistics group DSV has strengthened its air and sea freight presence in Africa after completing the purchase of DSV Swift.In October 2012, DSV of Denmark bought Dubai's Swift Freight, with annual revenues of US$70 million, taking full ownership of Swift’s subsidiaries in the UAE, China and India.Copenhagen-listed DSV bought ...
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Geodis Wilson goes back to basics
FRENCH-owned global forwarder Geodis Wilson is streamlining its airfreight products as it continues to expand in emerging markets.The company, managing 200,000 tonnes of belly-hold and main-deck cargo per year, is harmonising its airfreight product range and is piloting the new-look portfolio in India.Owned by Geodis Group of France – itself ...