Continental Airlines announced recently that Jeff Smisek, Continental’s president and chief operating officer and a member of the board of directors, will become chairman and chief executive officer, effective 1 January 2010. Smisek will succeed Larry Kellner who has decided to return to private equity at yearend after 14 years with Continental, the last five of them as chairman and CEO. “While I will deeply miss my coworkers at Continental, it is the right time for this … [Read more...] about Continental Airlines
Agility opens new Malaysian logistics hub
Agility has opened a logistics hub close to Kuala Lumpur, boosting the company’s total warehousing capacity in Malaysia to over 34,000 sq. m. The new 13,000 sq. m. facility in Bukit Jelutong, Shah Alam has 12 loading docks and 14,000 pallet positions and dedicated areas for pick and pack, kitting to line operations, consolidation and deconsolidation, cross docking, RMA programs, and reverse logistics. The new facility also includes an office facility of close to 3,000 sq. m, which … [Read more...] about Agility opens new Malaysian logistics hub
H1 revenue falls for Agility, net profit up 3%
Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline nine per cent to KWD 821.0 million (US$2.87 billion) compared with the same period a year earlier, but net profit rose three per cent to KWD 74.9 million. “Despite being faced with reduced volumes in freight forwarding since the start of the economic downturn, I believe that our strong … [Read more...] about H1 revenue falls for Agility, net profit up 3%
Panalpina will not join price war
Presenting its results for the first half of 2009, Swiss-based freight forwarder Panalpina said the industry is involved in a “cut-throat price warâ€Â, adding that it would not participate because transport prices were well below cost. Second-quarter profit slumped 68 per cent to 14.6 million Swiss francs (US$13.7 million) on legal costs tied to a corruption investigation in the US and an antitrust probe in Switzerland. Sales fell to 1.36 billion Swiss francs. Panalpina cut the … [Read more...] about Panalpina will not join price war
Panalpina takes over own ops in Japan
Panalpina and the NYK Group have agreed to changes in the level of their current cooperation in Japan with Panalpina Japan taking over control of its air and ocean freight operations with effect from January 2010. In line with an earlier agreement, Panalpina will continue to represent the NYK subsidiary Yusen Air and Sea Service interests in various countries. YAS will continue to provide services in Japan as a subcontractor for Panalpina. In February 2007, Panalpina appointed the NYK … [Read more...] about Panalpina takes over own ops in Japan
Wallenborn Transports acquires Rutges Cargo
Wallenborn Transports, a leading European supplier of logistics in road feeder transportations, air cargo distribution and related services with home base in Luxembourg has acquired Amsterdam-based air cargo distribution specialist, Rutges Cargo. Rutges Cargo, which provides logistics for road transport and warehousing for the high value and perishable cargo sectors, has a particularly strong position in Northern Europe including the Benelux and UK, Wallenborn said in a statement. … [Read more...] about Wallenborn Transports acquires Rutges Cargo
