In the first nine months of 2017, Panalpina grew volumes in air and ocean freight compared to the same period of last year. As the year progressed, group gross profi t as well as EBIT increased with every quarter. Year-on-year, Panalpina’s reported EBIT increased from CHF 67.5 million (adjusted YTD 2016: CHF 93.6 million) to CHF 72.1 million and the reported consolidated profi t increased from CHF 46.5 million (adjusted YTD 2016: CHF 72.6 million) to CHF 48.4 … [Read more...] about Panalpina’s group profi tability continues to increase in 2017
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Logistics
B&H Worldwide joins WCA’s time critical network
B&H Worldwide became the newest member of the WCA’s Time Critical Network. Effective October 2017 B&H’s global office network is now a part of the world’s largest independent freight forwarder grouping. Joining the specialist part of the WCA will give the B&H team access to an even wider group of agents with aerospace and time - critical logistics requirements. At the same time B&H can brings its specialist aerospace capabilities into the reach … [Read more...] about B&H Worldwide joins WCA’s time critical network
K+N establishes global supply chain solution for JD.com
B&H Worldwide joins WCA’s time critical network B&H Worldwide became the newest member of the WCA’s Time Critical Network. Effective October 2017 B&H’s global offi ce network is now a part of the world’s largest independent freight forwarder grouping. Joining the specialist part of the WCA will give the B&H team access to an even wider group of agents with aerospace and time - critical logistics requirements. At the same time B&H can … [Read more...] about K+N establishes global supply chain solution for JD.com
FedEx Trade Networks expands in Malaysia
FedEx Trade Networks, a premier international freight forwarder, announced the opening of a new office in Malaysia. Based in Penang, the additional facility highlights the continued expansion of FedEx Trade Networks to meet the growing market demand. “With our network stretching into Malaysia, we are well positioned to proactively respond to customer needs and support them in simplifying the complexities of international shipping,” said Udo Lange, executive vice president … [Read more...] about FedEx Trade Networks expands in Malaysia
Logistics index hits 14th negative month
The Stifel Logistics Confidence Index has reached its 14th consecutive month of negative confidence, with the numbers suggesting this will continue into 2017. “As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time,” the Ti-composed Stifel Logistics Confidence Index said. While the ocean shipping industry continues to struggle with its overcapacity issue the one bright spot at present is the performance of air freight, it … [Read more...] about Logistics index hits 14th negative month
India’s Competition body orders fresh IATA probe
India’s Competition Appellate Tribunal has set aside the findings of the fair trade regulator CCI, which had found that the International Air Transport Association (IATA) and its Indian affiliate had not violated competition norms and directed a fresh probe into the issues. The fresh investigation into IATA’s implementation of the Cargo Accounts Settlement System (CASS) is a long running issue in India and has been vigorously opposed by the Air Cargo Agents Association of India … [Read more...] about India’s Competition body orders fresh IATA probe
