Deutsche Post–DHL (DP-DHL) turned in a set of mixed results for the second quarter with continued prosperity in the time-definite segment of its business, while others such as its freight forwarding business suffered margin pressure. The top-line numbers for the group saw only slight movement with revenue up 0.7 per cent year-on-year at €13.7 billion and EBIT (Earnings Before Interest and Tax) up 5.7 per cent year-on-year from €619 million in 2013 to €654 million this … [Read more...] about DP-DHL sustains profit growth on mixed results
Freight Forwarders
Hacis doubles business with Expeditors
Hong Kong Air Cargo Industry Services Limited (Hacis) – the added-value-logistics subsidiary of Hactl – has more than doubled its business with Expeditors Hong Kong, with the provision of its Airport Direct Export service to the major logistics company. Expeditors is now the largest customer for Hacis. Hacis has been providing its Airport Direct service for Expeditors’ imports since 2000, including breakbulk, cargo handling and sorting to house air waybill level. … [Read more...] about Hacis doubles business with Expeditors
Air cargo volume growth slows in June: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing 2.3 per cent growth in demand (measured in freight tonne kilometers) over June 2013, a growth rate that is slower than the 4.9 per cent growth reported for May. Nevertheless, overall growth for the first six months of 2014 stands at 4.1 per cent compared to the same period in 2013. That is much stronger than the weak 1.4 per cent increase reported for the full-year 2013 over 2012 levels, … [Read more...] about Air cargo volume growth slows in June: IATA
Scoot selects UTC Aerospace for B787s
Scoot the wholly-owned low-cost, long-haul subsidiary of Singapore Airlines, has selected UTC Aerospace Systems to provide asset management and repair services for components on its B787 aircraft through a Comprehensive Accessory Repair and Exchange (C.A.R.E.) programme agreement. Under the agreement UTC Aerospace Systems will provide inventory support and maintenance, repair and overhaul (MRO) services for 10 B787-9 and 10 B787-8 aircraft to be operated by Scoot. Products supported under … [Read more...] about Scoot selects UTC Aerospace for B787s
CEVA confident on future as 2Q results down
Saying he was pleased with the progress made in rebuilding the leadership team at CEVA, the group’s CEO, Xavier Urbain, said: “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth... The numbers show we are gaining traction and are positioned well to make further progress in the future." Revenue of US$1.98 billion declined 4.2 per cent in the second quarter compared to $2.06 … [Read more...] about CEVA confident on future as 2Q results down
Emirates adds second daily Nigeria service
Emirates has now connected Abuja, the Nigerian capital, to its worldwide network making it the carrier’s 26th destination in Africa and its 144th worldwide. Emirates began the daily A340-300 service to Abuja’s Nnamdi Azikiwe International Airport on 1 August, marking the start of the airline’s daily service to its second destination in Nigeria. Services to Lagos were launched just over 10 years ago. “With a fast growing economy, Nigeria … [Read more...] about Emirates adds second daily Nigeria service
