Express – Page 21
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time:matters sales revenue up 55% in 2017
Express logistics provider time:matters saw 2017 sales revenue up 55% prior year to €108m as the Lufthansa Cargo-owned company targeted internationalisation and the digitisation of its service offering.In a statement, the company said that the opening of the first sameday air station outside of Europe, in Tel Aviv, represented "a ...
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UPS appoints George Willis as president of US Operations
UPS has appointed George Willis to the position of president of US Operations, effective May 1.Willis, a 30 year veteran of UPS operations, will report to Jim Barber, UPS chief operating officer. Willis will join UPS’s Management Committee, the most senior leadership group in the company. Willis succeeds Myron Gray ...
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FedEx Freight’s Mike Ducker to bow out
Mike Ducker, president and chief executive of Fedex’s forwarding arm, FedEx Freight, is to retire on August 15. Ducker, a 40-year FedEx veteran, took the helm at FedEx Freight in 2014. His successor will be named later.FedEx Corporation chairman and chief executive Fred Smith said: “For more than 43 years, ...
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Artificial Intelligence to thrive in logistics according to DHL and IBM
Artificial Intelligence (AI) will see the global logistics industry shift its operating model from being reactive to being proactive and predictive.Big Data, self-learning systems and the monitoring of social media will enable logistics providers to be better prepared for rapid consumer demand, such as that which saw an estimated 38,000 ...
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Online shoppers are going global while air cargo plays catch-up
Online shoppers are increasingly buying from international retailers, relying more on digital devices and seeking alternate delivery options, according to a study from UPS.The UPS Pulse of the Online Shopper Study found that global competition for customers is increasing, with a significant number of online shoppers in Canada (83%), Brazil ...
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UPS turns to wet lease aircraft to bridge the growth gap
UPS has turned to wet leased aircraft as it tries to keep up with express and cargo demand growth ahead of new aircraft deliveries.The express giant said that it is adding 35 aircraft to its fleet over the next four years, including nine in 2018.This fleet expansion will add more ...
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FedEx buys UK e-commerce specialist P2P for £92m
US parcels giant FedEx Corp has boosted its e-commerce presence after acquiring UK-based P2P Mailing for £92m.FedEx said in a statement that P2P provides customers with "unique last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in over 200 countries."P2P, headquartered in south east London, has ...
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Airfreight dips in trade barometer but prospects "very positive"
Airfreight’s global outlook has decreased slightly in the latest DHL Global Trade Barometer, although the prospects for air cargo remain “very positive” at 70 points, well above the “stable” benchmark of 50.Overall, the positive outlook for world trade has continued to improve according to the barometer, which launched in January ...
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RECALLED: DHL Hong Kong acquires four cargo scanners as e-commerce volumes surge
Freight security screening specialist Smiths Detection has won a contract to supply DHL Express (Hong Kong) with four HI-SCAN 10080 EDX-2is units to achieve "greater throughput capacity and increased security levels" as the rise in e-commerce volumes continues.The high-speed system automatically screens cargo and baggage for explosives, offering "one of ...
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DHL breaks ground on Eaton facility
DHL Supply Chain, the contract logistics segment of Deutsche Post DHL Group, has broken ground on the construction of a new distribution centre for its customer Eaton, the global specialist in power management.The new facility at Rheinbach, near Bonn, will consist of a 35,000 square metre, highly automated storage facility. ...
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West Atlantic to offer B737-800BCFs for ‘express logistics provider’
Gothenburg-headquartered freighter operator West Atlantic has announced that it has agreed a long-term deal on the operation of four 737-800BCFs (Boeing Converted Freighters), that it will receive over the course of the next 12 months.The customer is an unidentified express logistic provider and the aircraft will be operated in West ...
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FedEx reports mixed third-quarter financial year results
FedEx has reported financial results for the third quarter of its current financial year, the three months that ended on February 28.Revenue was up to $16.5bn from $15bn in the same quarter of 2017, while operating income fell very slightly to $1bn.According to Frederick Smith, FedEx Corp chairman and chief ...
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FedEx to spend $1bn on Memphis hub
FedEx is to invest over $1bn in its Memphis hub, the project including construction of a new sort facility with state-of-the-art sort systems, construction of a bulk truckload building and a new area to improve handling of the oversized shipments that have increased with the growth in e-commerce.Chairman and chief ...
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DHL to build ‘mega parcel centre’ near Brandenburg
Deutsche Post DHL Group is building a new 165,000 sq m “mega parcel centre” in Ludwigsfelde near Brandenburg, which is scheduled to open in 2020.Capable of sorting about 50,000 shipments per hour, the new facility will support DHL’s two existing centres located in nearby Rüdersdorf and Börnicke.Jürgen Gerdes, board member ...
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time:matters expands Sameday Air to US and Mexico
Express logistics provider time:matters has added 15 destinations in the US and one in Mexico to its Sameday Air network as it continues to expand the service.Shipments weighing up to 200kg can now leave Europe from Frankfurt, Paris, London, Munich and Vienna and reach their recipient in the US and ...
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DHL to amalgamate Vienna operations
DHL Global Forwarding and DHL Freight, part of Deutsche Post DHL Group, have signed a contract to purchase land near Vienna Airport in order to develop a 60,000 sq m freight hub for Eastern Europe.The DHL Campus Vienna Airport will bring together land, air and ocean freight capabilities that were ...
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Cargojet: strong Q4 financial performance
Canadian overnight all-cargo carrier Cargojet has posted revenues of $118.2m for the fourth quarter ended December 31 2017 – an impressive rise of 25.6% over the same period of the previous year.The gross margin for the quarter was $37.4m, representing an increase of 36% compared to the previous reporting period.For ...
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Deutsche Post DHL sees 2017 profits climb 7.2% to €3.7bn
Deutsche Post DHL Group (DP-DHLG) saw operating profit climb by 7.2% to €3.7bn in the 2017 financial year, revenues were up by 5.4% to €60.4bn, with all four divisions contributing to the increase.The German logistics giant and the world’s largest purchaser of airfreight capacity said that its DHL Express division ...
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Supply chains failing to reap digitisation benefits
Nearly 95% of supply chain and operations professionals are not fully capitalising on the potential benefits of digitalization, according to a DHL survey.The research report on digitalization in the supply chain found that new technologies and solutions are developing at a fast-pace and disrupting industries on multiple fronts, with supply ...
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Strong 2017 revenues for West Atlantic
Swedish cargo airline West Atlantic saw strong revenue growth in full year 2017, mainly generated from the contract with Royal Mail and the rise in e-commerce traffic.Revenues of SKr1.6bn were up 20.4 % year-on-year, but there were “significant sub-charter costs”, caused by aircraft delivery delays of Boeing 737-400 aircraft, maintenance ...