Driven by surging e-commerce and intra-Asian growth, DHL Express has continued with its planned investments across Asia with the latest annoucement of a €85 million investment in a new express hub at Singapore Changi Airport’s 24-hour Free Trade Zone. Teo Ser Luck Singapore’s Minister of State, Ministry of Trade and Industry said the fact DHL was upgrading its hub in Singapore also boosts Singapore’s attractiveness as a global logistics hub. The construction of the … [Read more...] about DHL Express invests €85m in new Singapore hub
Express
Panalpina more than doubles EBIT
Panalpina finished the year 2014 on expectations. It more than doubled its EBIT to CHF 116.7 million (approx. US$12.90 million) in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million. Panalpina grew air freight volumes slightly ahead of the market and clearly outperformed the market in ocean freight. Significant progress was made in logistics, with the turnaround ahead of schedule. “In 2014, we executed on our clearly laid out … [Read more...] about Panalpina more than doubles EBIT
Coyne appoints KIWI as Singapore GSA
Coyne Airways has appointed KIWI Logistics Cargo GSA as its general sales agent in Singapore. Established in 2013, KIWI Logistics Cargo GSA is bringing a fresh approach to airline cargo sales in this developed market, with a focus on efficiency, simplicity and reliability. Larry Coyne, CEO, Coyne Airways "We are delighted to be working with this young and ambitious GSA that shares many of the same values on which Coyne Airways was founded over 20 years ago," said Coyne Airways CEO Larry … [Read more...] about Coyne appoints KIWI as Singapore GSA
Asians least satisfied with e-shopping experience
Creating personalised e-commerce experiences and providing alternate delivery locations are helping retailers boost customer satisfaction. According to the UPS Pulse of the Online Shopper study, online shoppers in Asia continue to be the least satisfied with their online and in-store shopping experiences. UPS and comScore Inc. released the second global study analysing what drives an online shopper’s full path to purchase. Results show the advent of the ‘flex shopper’ … [Read more...] about Asians least satisfied with e-shopping experience
DB Schenker settles with three airlines
Deutsche Bahn (DB) AG issued the following statement in connection with a Wall Street Journal report about the air cargo cartel litigation brought by its logistics subsidiary, Schenker AG: “Deutsche Bahn can confirm that its logistics subsidiary, Schenker AG, has dismissed its claims against Nippon Cargo, SAS and Cargolux in the air cargo cartel lawsuit brought in the Eastern District of New York. Schenker will continue to pursue its claims against other air carriers and seek … [Read more...] about DB Schenker settles with three airlines
FLS launches in UAE, appoints CEO
Fast Logistics Solutions Group (FLS) has announced its launch in Dubai and the appointment of industry veteran Peter Scholten as CEO. The company has announced its service offering, including scheduled air cargo services, air cargo charter solutions, international ocean freight, multi-modal air-sea-land door-to-door solutions, customs clearance, 3PL warehousing and distribution services. In 2014 FLS Group generated US$200 million revenue with airfreight volumes at 45.000 tonnes and … [Read more...] about FLS launches in UAE, appoints CEO