Express – Page 17
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NewsCarousel Logistics expands with BDA acquisition
Carousel Logistics has purchased BDA Logistics Innovation (BDA), a move that increases its overnight airfreight operation between the UK and Europe.Carousel said the acquisition of the time-critical aftermarket logistics specialist strengthens its position across Europe, with turboprop airfreight services covering the Netherlands, Ireland and the UK.This is Carousel’s third acquisition ...
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FedEx warns of continuing weakness in global trade
FedEx reported fiscal third quarter financial results that were “below expectations” and has warned of continued weakness in global trade.The express firm registered an adjusted third-quarter net profit of $797m compared with $1bn a year earlier, while revenues edged up to $17bn from $16.5bn.“Our third quarter financial results were below ...
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NewsDon Colleran named president and CEO of FedEx Express
Don Colleran, FedExGlobal integrator FedEx Corp has appointed Don Colleran to the role of president and chief executive of FedEx Express, effective March 16.Jill Brannon will succeed him as executive vice president and chief sales officer of FedEx Corp.Colleran’s 30-year career with FedEx includes various sales roles as well as ...
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NewsAlberto Nobis heads up DHL Express Europe
DHL has named Alberto Nobis chief executive of DHL Express Europe, confirming that he joined the DHL Express global management board on January 1.Nobis held the position of global chief financial officer at DHL Express from 2009 to 2012 before returning to his home country as chief executive DHL Express ...
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NewsDeutsche Post DHL Group partners Austrian Post
Austrian Post will deliver parcels sent by DHL customers to Austria under a new agreement signed with Deutsche Post DHL Group.The long-term partnership, which is still subject to review by the German and Austrian competition authorities, has no impact on the group’s business activities in international express, freight transport and ...
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NewsAlibaba increases investment in China’s express sector
ShutterstockAlibaba Group Holding Ltd will take a 14% stake in STO Express Co Ltd, one of the largest express delivery companies in China.Reuters reported that STO Express said that its controlling shareholder planned to set up a new subsidiary that will own a 29.9% stake in the courier firm.Alibaba will ...
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NewsE-commerce boom and trade growth fuel DP DHL Group revenues in 2018
The boom in e-commerce and sustained growth in international trade flows saw Deutsche Post DHL Group’s (DPDHL) 2018 group revenue rise 1.8% to €61.6bn in a “challenging year” or a 6% rise after adjusting for currency effects and portfolio changes.The German logistics giant said that all four divisions – post, ...
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Cathay Pacific confirms takeover talks for Hong Kong Express from HNA Group
Cathay Pacific Airways has confirmed that it is "in active discussions" about an acquisition involving the low cost carrier Hong Kong Express Airways (HKE) from HNA Group, the Chinese conglomerate.The Hong Kong-base passenger and freighter airline issued a short statement after media reports suggested that Cathay Pacific was in discussions ...
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NewsSorted: DHL Express expands Madrid hub with €93m investment
DHL Express has opened a new facility at Madrid’s Barajas Adolfo Suarez Airport to strengthen the Spanish hub’s importance for international commerce, especially between Europe and Latin America.The 14,500 sq m building, including offices, will quadruple DHL Express’ capacity in Madrid with “high-quality infrastructure and the newest technologies,” enabling 24,500 ...
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NewsFedEx names Raj Subramaniam as president and chief operating officer
Raj SubramaniamFedEx Corp has announced that Raj Subramaniam will become its president and chief operating officer as of March 1.The appointment of Subramaniam follows incumbent David Bronczek’s decision to retire as president and chief operating officer of the express services giant.Subramaniam, who has been with FedEx for more than 27 ...
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DHL Express hires 300 customs agents as it braces for Brexit
DHL Express has hired an extra 300 customs agents in order to minimise the impact of Brexit.Speaking at the unveiling of its biennial Global Connectedness Index (GCI) report, DHL Express chief executive John Pearson said that the company had been hiring “50 customs agents a week” across Europe as it ...
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SF Airlines boosts cargo fleet to 52 freighters
SF Airlines the rapidly-expanding Chinese express operator, has taken delivery of its 52nd freighter, with the arrival of a converted B757-200F earlier this week.It is the second freighter that the division of Chinese parcels giant SF Express has added to its fleet since the beginning of 2019. In late January, ...
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ATSG subsidiary in materials handling acquisition
LGSTX Services, a subsidiary of US freighter lessor Air Transport Services Group (ATSG), has acquired TriFactor Distribution Solutions, a privately held US-based material handling systems integrator based in Florida.ATSG, which leases Boeing 767 converted freighters to Amazon, said that the services of the combined LGSTX/TriFactor businesses will be marketed nationwide ...
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FedEx signs up for Bahrain airport's new cargo area
US parcel giant FedEx has signed a letter of intent for warehouse space at Bahrain International Airport’s (BIA) new 25,000 sq m cargo area, sited near the northern runway.The facility, which has two further tenants waiting in the wings, comprises warehouses, aircraft parking, and associated infrastructure aimed at handling air ...
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UPS revenues up but profits down in Q4
UPS saw revenues increase during the fourth quarter on the back of "record shipments" but its profits took a hit as a result of pension charges.The express giant saw fourth-quarter revenues increase by 4.6% year on year to $19.8bn, but operating profits were down 2.9% on last year to $2bn ...
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DHL launches medical express service for Brazil-US pharma products
DHL Express has launched the DHL Medical Express Service (WMX) between Brazil and the US for the pharmaceutical and clinical research sector.DHL said that WMX, piloted in Brazil since November 2018, “addresses increased customer demand for faster and more predictable lead times, given the regulatory complexities that can delay exports”.The ...
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India's Blue Dart Express names Balfour Manuel as chief executive
India’s Blue Dart Express, part of the Deutsche Post DHL Group, has named Balfour Manuel as chief executive to “chart the company’s next chapter of growth”.Manuel, who has been with the Mumbai-headquartered company for 35 years, takes on the new role after being senior vice president in charge of Blue ...
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UPS in the Loop to reduce single-use packaging
UPS has begun testing Loop, a reusable and returnable packaging product, in Paris and New York as a first step towards full implementation in consumer markets.The US parcels and logistics giant, which has joined forces with recycling leader TerraCycle, said that Loop “eliminates the reliance on single-use packaging for consumer ...
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Leipzig/Halle sets record cargo tonnages for 14th successive year
Freight volumes at Germany’s Leipzig/Halle Airport rose for the fourteenth year in succession and increased to just over 1.2m tonnes in 2018, a 7.3% rise on prior year.Saxony’s economic affairs and transport minister, Martin Dulig, said of the freight increase: “Leipzig/Halle has consolidated its position as one of the top ...
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DHL Express to speed up delivery with new Copenhagen centre
DHL Express will speed up delivery times from Denmark with the opening of a DKr1bn hub at Copenhagen Airport.The new centre, located on the eastern freight area of the airport and due to open in 2023, will measure 26,172 sq m and will be able to handle nearly 37,000 packages ...