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
Freight Forwarders
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
AMI installs ‘most powerful’ X-ray scanners
The flagship London Heathrow facility of AMI, a trade-only airfreight and express wholesaler, has installed Astrophysics XIS-1818DV, said to be the ‘most powerful’ cargo X-ray scanner available. The scanner is a dual view machine (as required by security regulations from 1 January 2015) with a 180x180cm tunnel aperture. Its powerful 320kv generator enables it to penetrate up to 80mm thick steel – almost double the capability of most machines currently in use. This … [Read more...] about AMI installs ‘most powerful’ X-ray scanners
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
AMI installs ‘most powerful’ X-ray scanners
The flagship London Heathrow facility of AMI, a trade-only airfreight and express wholesaler, has installed Astrophysics XIS-1818DV, said to be the ‘most powerful’ cargo X-ray scanner available. The scanner is a dual view machine (as required by security regulations from 1 January 2015) with a 180x180cm tunnel aperture. Its powerful 320kv generator enables it to penetrate up to 80mm thick steel – almost double the capability of most machines currently in use. This … [Read more...] about AMI installs ‘most powerful’ X-ray scanners
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
