UPS today announced its first-quarter 2016 international operating profit increased 15 per cent to US$574 million. Total revenue was $14.4 billion, up 3.2 per cent over the same quarter last year. Revenue growth was slowed by lower fuel surcharges and currency exchange rates, the company said. On a currency-neutral basis, revenue increased 3.7 per cent. Lower fuel surcharge rates reduced revenue growth by approximately 150 basis points. "The major Asian economies are showing signs of … [Read more...] about Healthy Q1 for UPS, Asia export growth offsets US softness
Express
Amazon makes further move into European logistics
Amazon has today announced the launch of its Pan-European Fulfilment by Amazon (FBA) programme. This new service will help sellers of any size export to millions of Amazon customers across the EU more efficiently than ever before, the e-tailing giant said in a statement. Amazon customers in turn will be able to receive thousands of new products from sellers across the EU, while benefitting from faster shipping times and lower delivery costs. The launch is further evidence of Amazon’s … [Read more...] about Amazon makes further move into European logistics
SF Express gets CAAC approval on Wuhan air hub
SF Express, the largest private express logistics firm in China, is set to build cargo air hub in central China after an airport site-selection report was approved by Civil Aviation Administration of China (CAAC). A freight airport is expected to be built at the town of Yanji, about 75 km east of Wuhan, the capital of central Hubei province, according to a China Daily report. The choice of the airport in Yanji enables it to cover most of the mainland within one-and-a-half hours of air … [Read more...] about SF Express gets CAAC approval on Wuhan air hub
Canadian carriers find maindeck fascination with South America
KF Cargo, previously known as Kelowna Flightcraft, has reactivated its two DC-10-30 freighters following the start of a new air charter contract on 15 April to move freight from Miami International Airport (MIA) to South America in time for the peak flower traffic for Mother’s Day. The new charter contract sees KF Cargo flying three-times a week to Bogotá, Colombia with a similar frequency to Caracas’ Simón Bolivar Airport in Venezula, and onwards to Lima International Airport in … [Read more...] about Canadian carriers find maindeck fascination with South America
TIACA calls for greater coop in fight against counterfeit goods
The International Air Cargo Association (TIACA) has added its voice to the cause, condemning the growing problem of goods that infringe Intellectual Property Rights (IPR), and calling for Customs authorities to bring together rights holders, service providers, and regulators for a working dialogue in a new Position Paper published today. Goods that infringe IPR account for a growing proportion of international trade, estimated at over US$250 billion by the Organisation for Economic … [Read more...] about TIACA calls for greater coop in fight against counterfeit goods
DHL Supply Chain opens cutting edge Singapore facility
DHL Supply Chain, a global leader for contract logistics solutions, recently launched its Advanced Regional Center (ARC) in Singapore . Built at an investment of more than S$160 million (US$116.8 million), the new 90,000 sqm facility features an $18.8 million multi-customer automation system featuring advanced robotics. The pioneering system allows customers to enjoy the benefits of automation solution without the need for significant capital investment. The technological enhancement uses 130 … [Read more...] about DHL Supply Chain opens cutting edge Singapore facility
