Yusen Logistics Australia will open its sixth Sydney warehousing facility this month. The site is at Greystanes in Western Sydney and is ideally located for all major arterial routes. The new warehouse, which is dedicated to a major US retailer, consists of 12,500 sq metres and will comprise 18,500 pallet locations. Operations will commence immediately. Yusen Logistics Australia managing director Ian Pemberton said: “This additional facility continues the expansion of our portfolio … [Read more...] about Yusen opens its sixth warehouse in Sydney
Express
HKTDC appoints DHL as official air express partner
DHL Express has been appointed by the Hong Kong Trade Development Council (HKTDC) as its official air express company for the HKTDC trade fairs in 2015 and as official logistics partner for Hong Kong Fashion Extravaganza 2015. As official air express partner, DHL will deliver logistics support at over 25 trade fairs organised by HKTDC this year including the Electronics Fairs in Spring and Autumn, Hong Kong Book Fair as well as the World SME Expo. To serve the logistics needs of tens of … [Read more...] about HKTDC appoints DHL as official air express partner
TNT rolls out CO2 neutral service in Germany
TNT is now offering CO2 neutral delivery of all express domestic consignments in Germany at no additional charge. Increasingly companies are interested in this service as the customer is looking at its complete supply chain including the CO2 emission related to the transport of their goods. The initiative will help SMEs and large customers alike to mitigate their environmental impact. CO2 Neutral shipping is part of TNT’s renewed range of CO2 services, which also includes … [Read more...] about TNT rolls out CO2 neutral service in Germany
SingPost acquires 90% stake in Famous Pacific
SingPost has acquired a 90 per cent stake in Famous Pacific Shipping (NZ) Limited (FPSNZ) through its subsidiary Famous Holdings Pte Ltd. Famous Holdings has paid an initial consideration of NZ$3.6 million (US$2.82 million) for the stake and certain debts owing by FPSNZ to the vendors. A potential earn-out consideration of effectively up to NZ$4.4 million based on the adjusted actual net profit after tax of FPSNZ may also become payable, potentially bringing the total consideration up to … [Read more...] about SingPost acquires 90% stake in Famous Pacific
Lufthansa Cargo reports 2.7% dip in 2014 volumes
Despite a slight decline in transported cargo volume, Lufthansa Cargo said it was able to maintain its capacity utilisation last year with a cargo load factor of 69.7 per cent (2013: 69.9 per cent). Faced by tough competition, the cargo airline transported around 1.7 million tonnes of freight and mail in 2014, posting a slight year-on-year decline of -2.7 per cent. In the past financial year, Lufthansa Cargo focused on a flexible and demand-driven management of its capacities with the aim of … [Read more...] about Lufthansa Cargo reports 2.7% dip in 2014 volumes
IAG launches Cargo Connector in San Franciso
IAG Cargo has launched its Cargo Connector service in San Francisco, the 10th city on IAG Cargo’s global network to receive the service. At no additional cost, freight forwarders in San Francisco can now opt to have IAG Cargo collect and courier deliveries of less than 300 kilos direct from their premises to the airport. IAG said the service at San Francisco International will benefit a significant amount of IAG Cargo customers, 95 per cent of whom are based within a 5 mile … [Read more...] about IAG launches Cargo Connector in San Franciso