International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a “challenging environment”. While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina: Stable profits in challenging enviro

Agility announced its financial results for the second quarter of 2015, reporting a net profit of KWD13.5 million (US$44.6 million), an increase of five per cent compared to the second quarter of 2014. EBITDA stands at KWD 25.5 million, a one per cent increase compared to Q2 of 2014. “The global logistics market is a mixed bag in terms of growth, with continued sluggishness in China and Europe; and ongoing pressure on rates,” said Tarek Sultan, Agility’s CEO. “In this environment, we are … [Read more...] about “Mixed bag” growth for Agility

Specialist aerospace logistics provider B&H Worldwide has extended its AOG service to cover its entire global operation. Based at London’s Heathrow airport the new B&H 24/7 Critical Logistics Centre is a permanently staffed single point of contact for all customers needing expert critical logistics assistance wherever they are located in the world. The centre becomes fully operational on 1 August 2015. Says B&H’s Group CEO, Stuart Allen: “When a customer calls us at 3am to ask … [Read more...] about B&H Worldwide launches AOG logistics centre

Specialist aerospace logistics provider B&H Worldwide has extended its AOG service to cover its entire global operation. Based at London’s Heathrow airport the new B&H 24/7 Critical Logistics Centre is a permanently staffed single point of contact for all customers needing expert critical logistics assistance wherever they are located in the world. The centre becomes fully operational on 1 August 2015. Says B&H’s Group CEO, Stuart Allen: “When a customer calls us at 3am to ask for … [Read more...] about B&H Worldwide launches AOG logistics centre

CEVA Holdings, one of the world’s leading non‐asset based supply chain management companies, reported results for the three months ended 30 June 2015 with an adjusted EBITDA up 25 per cent year-on-year (up 31.7 per cent in constant currency). “The company turned in a solid second quarter performance in the face of several industry headwinds and significant exchange rate fluctuations,” it added. Second quarter revenue of US$1.776 billion was up 0.3 per cent year-on-year (y-o-y) in constant … [Read more...] about CEVA sees positive Q2, creates Project Log div

CEVA Logistics has announced its extended collaboration with 3M to be their preferred logistics service provider in warehouse management and distribution in Singapore, Malaysia and Indonesia. Under the terms of the renewed contract, CEVA will operate both 3M’s Regional Distribution Centre (RDC) and national DC in Singapore, with an increased warehouse footprint to nearly 28,000 sqm in total. CEVA also manages 3M’s national distribution centres in Malaysia and Indonesia. The scope of services … [Read more...] about 3M renews contract with CEVA in South East Asia