Air cargo markets in Asia* will continueto lead global industry growthto 2025, says Boeing cargo marketregional director Tom Hoang. The USmanufacturer predicts that Chinesedomestic and intra-Asian markets willexpand annually at 10.8 percent and8.6 percent, respectively, comparedwith an expected 6.1 percent globalrate ? sufficient to triple current trafficrates by 2025. Boeing says that the mature Europeanand North American** marketswill see slower expansion and lowerthan-average growth. Their … [Read more...] about Asia to retain air cargo lead
DFW’s focus on Asia is paying off
With seven Asian airlines currently running 39 flights a week to and fromDallas/Fort Worth International Airport, plus increased interest fromcarriers in using DFW as a transfer hub for cargo between Latin Americaand Asia, DFW has become a major US hub. Karen E. Thuermer reports. Asia is an important market to DFWand represents half of the airport'sairfreight volumes. According to airportstatistics, January - October 2006volumes were up over 22 percent overthe same period last year. This … [Read more...] about DFW’s focus on Asia is paying off
EGL’s CEO bids to acquire the company
EGL's largest shareholder, the company'sfounder and chief executiveofficer James Crane, along with privateequity company, General Atlantic, havesubmitted a proposal to acquire all ofthe outstanding equity interests of EGLfor $36 per share in cash. Crane is Houston-based EGL'sbiggest shareholder, with 18 percent.EGL's board of directors has formeda Special Committee of independentdirectors to review and evaluate theproposal. However, the company hasmade it clear that no decision has beentaken … [Read more...] about EGL’s CEO bids to acquire the company
Schenker-Seino, BAX Global merge in Japan
Schenker-Seino Co. and BAX GlobalJapan K.K. said they have completedthe merger between the two organisations.The combined company operatesunder the name Schenker-Seino Co.,Ltd, which will have about 460 employeesat 23 locations throughout Japan. Both companies have been active inthe Japanese market for over 40 years,with an established portfolio of customersacross industries, such as high-tech,automotive, consumer, and chemicals.The services provided by Schenker-Seino include air and sea … [Read more...] about Schenker-Seino, BAX Global merge in Japan
IJS Global enters UK logistics market
IJS Global Inc., the fast-growingmulti-modal freight forwarder, customsbroker and non-vessel operating commoncarrier, has entered the importantUK freight & logistics market byacquiring majority ownership in London-headquartered Lupprians CargoExpress Limited, one of the country'sleading freight forwarding and logisticscompanies. Terms of the transactionwere not disclosed. Lupprians has been re-branded asIJS Global (UK) Limited, and will offerits clients across the UK an enhancedworld-wide … [Read more...] about IJS Global enters UK logistics market
DHL bags Saudi Aramco’s contract
DHL Supply Chain, the logisticsspecialist at Deutsche Post World Net,has concluded a 10-year multi-milliondollarcontract with the world's numberone crude oil producer, Saudi Aramco.DHL has been contracted to developthe oil giant's national logistics infrastructure.This includes the provision,management and operation of fourmaterial distribution centres (MDC) inDammam, Riyadh, Jeddah and Yanbu,of a fleet of vehicles and personnelas well as 14 material service centres(MSC). To implement these … [Read more...] about DHL bags Saudi Aramco’s contract
