Leading Czech logistics company CS Cargo has bought CS Express, one of the three largest Czech express delivery providers, CTK Business News reported. The value of the transaction has not been disclosed. The companies signed an agreement on a gradual increase of CS Cargo's stake in CS Express to 100 per cent. The company will continue to operate as an independent unit, but will be able to use CS Cargo's facilities, such as information system and the system of central purchasing. A new centre for … [Read more...] about Czech Republic's CS Cargo acquires express firm
Express
UPS ups rates by average 4.9%
US-based freight forwarder UPS will increase its domestic and ex-US freight costs between six and seven per cent from January next year. The general rate increase for packages will average around 5.9 per cent for 2009. Packages bound for destinations outside the US will have an average increase of 4.9 per cent. The rate hike for air express and international shipments is based on a 6.9 per cent rise in the base rate, less a two per cent decline in the air and international fuel surcharge … [Read more...] about UPS ups rates by average 4.9%
China : World Courier opens China trial centre
World Courier announced the opening of its newest purpose-built, ISO-certified, GMP (Good Manufacturing Practice)- compliant investigational drug storage depot in Beijing (China), in what it said was a unique and proven one-stop logistical solution to biopharm companies with demanding clinical trial materials storage and distribution needs. This state-of-the-art temperaturecontrolled storage facility completes the company’s cold chain transportation network in China which now extends to … [Read more...] about China : World Courier opens China trial centre
TNT
TNT reported a 32.3 per cent drop in third-quarter net profit to €113 million (US$142.5 million), with its Express unit's EBIT declining 23.8 per cent to €99 million. Overall revenue grew just 1.5 per cent to €2.69 billion while Express revenue rose 2.3 per cent to €1.66 billion. The Dutch delivery giant revised its revenue outlook for full-year 2008 downward to "midsingle- digit" growth. CEO Peter Bakker said TNT's European Express business significantly worsened in … [Read more...] about TNT
DHL taps Polar Air for transpacific
DHL Express has launched a new transpacific partnership with Polar Air Cargo, a subsidiary of Atlas Air Worldwide Holdings, Inc. The inaugural flight will take off from Hong Kong International Airport (HKG) destined for Wilmington (ILN), Ohio, DHL’s central hub facility. The partnership guarantees DHL Express access to six Polar Air Cargo’s Boeing 747-400F aircraft in addition to the two B747-400F aircraft operational since 31 March 2008, providing significant additional capacity to … [Read more...] about DHL taps Polar Air for transpacific
Blue Dart’s sales up, profit down
Blue Dart Express Ltd sees its quarterly sales climb as profit drops year-on-year. Income from operations for the quarter ended 30 September ‘08 was INR 2,628.4 million, compared to INR 2,073 million a year earlier. Profit after tax for the quarter was INR 135.8 million compared to INR 174.3 million in the corresponding quarter a year earlier. “Our results are a validation of our customer’s faith in us and of our commitment to serve their business,” said Anil Khanna, … [Read more...] about Blue Dart’s sales up, profit down
