The global service parts logistics industry is becoming increasingly dominated by the major integrated express carriers and a small number of ¡®4PLs'. This is just one of the conclusions of a major new report published by UKbased logistics research organisation, Transport Intelligence (Ti). The report, Global Service Parts Logistics in the High Tech Sectors, found that as the market increasingly matures, SPL products and services are finally starting to meet the demands of the global high … [Read more...] about Global players dominate service parts logistics
Express
Launches first freight payment bond in China
Aktiv Group, a leading European insurance broker, has launched a multi-modal cover policy and a freight payment bond product into China's fast growing freight forwarding sector, targeting thousands of small-to-medium sized companies. The freight payment bond is the first insurance scheme on offer to more than 15,000 SME freight forwarders in China, and provides affordable cover against outstanding freight costs due to bankrupt agents. Previously freight payment bonds were mainly … [Read more...] about Launches first freight payment bond in China
Kewill Systems buys IPACS e-Solutions
UK-based Kewill Systems plc which specialises in global supply chain execution software and services, has announced the acquisition of Singapore- based IT solution provider IPACS e-Solutions (S) Pte Ltd, for an initial consideration of S$5.5 million (£1.85 million) in cash. In addition, at various dates in the 24 months following completion, up to S$4.5 million (£1.55 million) will be payable in cash as deferred consideration subject to the attainment of performance criteria … [Read more...] about Kewill Systems buys IPACS e-Solutions
Air Atlanta’s freighter dilemma
Not so long ago it seemed as ACMIoperator Air Atlanta Icelandic wouldneed to make a rapid transition fromB747-200Fs to more modern freighters.Now, however, the picture is lessclear. True, the carrier is looking carefullyat the 12 -200Fs that form the bulk ofits fleet, and looks almost certain to sellthe two of them it actually owns whentheir leases expire in the middle of thisyear. But the future of the remainingten ¨C dry leased from their owners, andthen wet-leased to airlines ¨C remains … [Read more...] about Air Atlanta’s freighter dilemma
Schiphol Airport sale called off
The incoming Dutch government has called off the planned sale of a minority stake in Amsterdam airport operator Schiphol Group, Reuters quoted Dutch TV channel NOS as saying, which cited unnamed sources. The outgoing Dutch government had planned to sell a minority stake of just under 50 percent in Schiphol Group, which also holds stakes in Brisbane airport and in Terminal 4 of New York's John F. Kennedy airport. The privatisation was blocked by the city of Amsterdam, which owns 21.8 … [Read more...] about Schiphol Airport sale called off
Two new airports planned for Riyadh region
There are plans to build two new domestic airports in the Riyadh region in Saudi Arabia, the Khaleej Times reported. The High Commission for the Development of Riyadh (HCDR) is looking for suitable sites on which to establish the airports, which will be located on the north and south-east parts of the city. According to an informed source, one airport will be built in Sudair, north-west of Riyadh, in order to meet the requirements of people living in Al-Ghat, Zulfi, Majmaa and neighbouring … [Read more...] about Two new airports planned for Riyadh region
