Express – Page 29
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News
UPS completes purchase of pharma logistics firm Marken
UPS has completed the acquisition of Marken, a global supply chain specialist serving the pharmaceutical and life science industries, as it looks to strengthen its presence in healthcare logistics.The deal was first announced in November, but the transaction closed on Wednesday when Marken became a wholly owned subsidiary of UPS.“Healthcare ...
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NewsFedEx earnings per share miss expectations on investments in new ground hubs
FedEx saw its share price drop by around 3% yesterday as its earnings per share missed market expectations on the back of investments in its ground segment.The US express giant recorded second fiscal-quarter adjusted earnings per share of $2.80 on the back of a 3% increase in operating income to ...
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12send express service gets the seal of approval from KLM and Schiphol
Amsterdam Airport Schiphol and KLM Cargo have given their support to a new same-day intra-European air cargo service.The same-day intra-European air cargo delivery is the responsibility of a start-up called 12send, of which Dutch company Parcel International is the majority stakeholder. KLM Cargo and Schiphol Cargo also contributed to the ...
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PEMCO redelivers the first of three Longhao converted B737 freighters
Pemco World Air Services (PEMCO) has redelivered its first Boeing 737-300 passenger-to-freighter converted aircraft to China's Guangdong Long Hao Aviation Group.The Guangzhou-based group has two more PEMCO-converted B737-300 aircraft in process, with options for additional conversions to meet its expansion.“We are delighted to see the first aircraft finish conversion and ...
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Jersey Post buys Heathrow broker
Jersey Post has bought Heathrow Airport-based customs broker HICS Worldwide. The Channel Islands postal organisation sees international customs clearance as critical to the growth of its e-commerce business.HICS Worldwide offers a complete brokerage package for courier, airfreight and sea freight arrivals in the UK and currently has full clearance facilities ...
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Blue Dart Aviation becomes wholly owned by parent express firm
Indian express firm Blue Dart Express has bought all remaining shares of its aircraft operating subsidiary Blue Dart Aviation.The express firm, which is 75% owned by DHL, said in a stock exchange announcement it would increase its stake in the airline from the current 74% to 100%.Blue Dart Aviation was ...
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UPS confirms investment in Columbus facility
UPS has announced that it will invest more than US$175m to expand its main Columbus, Ohio ground package hub on the City’s west side, just one part of what it says is a “multi-year plan to modernize its global network operations and capacity”.When completed in the autumn of 2018, sorting ...
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DHL Express invests in the Americas
DHL Express, the world’s leading express shipping and logistics provider, has confirmed that it intends to maintain the ongoing investment in its footprint and capability in the US and the wider Americas region while growth there continues to “meet expectations”.It said that the $185m investment it has earmarked for the ...
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UPS adds Californian flights ahead of the peak season
UPS will add flights out of San Bernardino International Airport (SBD) in California to cover the peak season rush in demand.From December, the US express operator will operate four flights per week from between the airport and UPS' Louisville hub using a Boeing 757 aircraft.President of UPS’ South California District ...
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DHL invests in Indian air hubs to cater for e-commerce growth
DHL and express airline Blue Dart Express are expanding their air hubs in Delhi and Mumbai as they look to capitalise on the country’s fast-growing e-commerce market.Through subsidiary Blue Dart Express, DHL’s eCommerce business has announced it will spend €70m on automating equipment at the Delhi and Mumbai hubs, which ...
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AMI celebrates its 40th birthday
AMI is celebrating its 40th birthday this month after being launched in 1976 and growing to become the world's largest airfreight wholesaler.The company was originally launched as part of the Air Marketing International group in 1976 but two years later split away under founder and managing director Tony Realff.AMI’s trade-only ...
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DHL signs up for four A330 conversions
DHL Express has signed a contract to convert four Airbus A330-300 passenger aircraft into 61-tonne payload, 26-pallet, freighters with EFW – a joint venture between Airbus and engineering company ST Aerospace.EFW will carry out the work at its Dresden site from July, and the aircraft are scheduled to be delivered ...
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FedEx opts for long-term peak season freighter deal with Atlas
FedEx has moved to a long-term agreement with lessor Atlas Air to provide it with extra freighter aircraft to cover extra demand during the peak shipping season.Atlas Air revealed today that it had entered into a five-year agreement with FedEx Express that will see it provide the parcel giant with ...
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NewsRapid growth and need for speed fuels DHL's Leipzig investment
When DHL Express first announced plans to switch its main European hub to Germany’s Leipzig-Halle Airport in 2005 it was hard to imagine how quickly freight tonnages would increase once the facility was open.In 2007, the year before the new DHL hub was opened, the airport handled 101,364 tonnes. In ...
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UPS to buy pharma logistics specialist Marken
UPS will strengthen its presence in healthcare logistics with the purchase of Marken, a global supply chain specialist serving the pharmaceutical and life science industries.The US-based parcels and logistics giant has entered into a definitive purchase agreement to acquire Marken, subject to regulatory approval, which will operate as a wholly ...
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Boeing, UPS announce order for 14 B747-8 freighters
Boeing and UPS today announced an order for 14 747-8 freighters. The agreement also includes an option to purchase an additional 14 of the cargo airplanes.“These aircraft are a strategic investment for increased capacity for UPS customers around the globe,” said Brendan Canavan, president, UPS Airlines. “The 747-8 will allow ...
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UPS steps on the pedal for European coverage
Parcels giant UPS has redesigned its European ground network in order to offer faster deliveries from six countries in the European Union (EU) to Switzerland.Customers in Austria, Denmark, Finland, Germany, Ireland and Sweden will benefit from a faster UPS Standard delivery service, with improvements of up to two days when ...
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Air Cargo Forum: Boeing hails UPS 747 order and says there's more to come
Boeing has described UPS’ order for 14 Boeing 747-8 freighters as seminal and expects more orders for the aircraft to follow.Speaking at Tiaca’s Air Cargo Forum shortly after the deal was officially announced, Boeing Commercial Airplanes regional director, airline market analysis marketing & business development Tom Crabtree and regional director, ...
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E-commerce spurs Aramex growth
Middle East based logistics company Aramex saw revenues up 15% in the third quarter of 2016 to AED1.05bn but net profit was down 3% at AED72.2m compared with like period last year.However, for the first nine months of the year, net profit was up 16% to AED294.8m while revenue was ...
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UN urges logistics firms to think green
A new report by the United Nations High Level Advisory Group on Sustainable Transport is challenging logistics operators and other transport organisations to seek out new ways to balance short-term financial considerations against broader benefits for society and long-term economic gains.It also calls for the development of multimodal transport solutions ...