Agility has announced its financial results for the third quarter of 2016, reporting a net profit of KD15.17 million (US$50 million), an increase of 11 per cent compared to the third quarter of 2015, despite revenues being down 7.0 per cent over the same period to KD312 million. EBITDA stood at KD28.90 million, a 19 per cent increase compared to the same period in 2015. Tarek Sultan, CEO of Agility, said: “We have now been seeing continuous underlying increase in the profitability of the … [Read more...] about Agility posts solid 3Q results despite revenue decline
Freight Forwarders
FedEx Trade Networks expands Into Malaysia with Penang office
FedEx Trade Networks, a subsidiary of FedEx Corp. and a premier international freight forwarder, today announced the opening of a new office in Malaysia. Based in Penang, the additional facility highlights the continued expansion of FedEx Trade Networks to meet the growing market demand. “With our network stretching into Malaysia, we are well positioned to proactively respond to customer needs and support them in simplifying the complexities of international shipping,” said Udo Lange, … [Read more...] about FedEx Trade Networks expands Into Malaysia with Penang office
AMI Cape Town triples size of perishables facility
The Cape Town, South Africa, base of – the world’s largest trade-only airfreight and express wholesaler – has doubled the size of its facility, and trebled its temperature-controlled storage for perishables. AMI has acquired the facility adjacent to its current base at Cape Town International Airport, doubling its warehousing to 1,000 sqm. This includes 120 sqm. of refrigerated storage, with separate temperature zones for flowers, and fruit and vegetables. The expanded facility will enable … [Read more...] about AMI Cape Town triples size of perishables facility
Rhenus opens its first office in South Korea
The Rhenus Group is opening its own business operations in South Korea at the beginning of November. The logistics specialist also founded the national company known as Rhenus Logistics Korea at the same time. The office in the South Korean capital Seoul will organise sea and air freight operations, third-party logistics and domestic transport services in future. "The primary motive for opening the business site in South Korea is to continue consolidating our Asian network; we’ve … [Read more...] about Rhenus opens its first office in South Korea
Brussels Airport unveils its airside active temperature control dolly
Brussels Airport presented a European first at the TIACA Air Cargo Forum in Paris: The active version of its 'Airside Pharma Transporter’ that was first introduced by the airport in December 2015. This new active cargo trailer is pre-conditioned at the correct temperature in order to hold pharmaceutical shipments within the correct temperature limits during transportation between warehouses and aircraft at an affordable cost. This is crucial because an incorrect temperature can cause rejection … [Read more...] about Brussels Airport unveils its airside active temperature control dolly
Smart Cargo programme sparks innovation, Schiphol calls for project ideas
Program to reinforceSchiphol as a smart hub gains momentum, with University and Government backing, a successful pilot scheme leading to new services, and new backing from partner Fresco Flowers Schiphol Cargo will back further projects as part of its Smart Cargo Mainport Program, aimed at finding innovative schemes to improve cargo flow through the Amsterdam hub, underpinned by transparent data exchange. The programme which has a steering committee including Schiphol Cargo as Chair, KLM … [Read more...] about Smart Cargo programme sparks innovation, Schiphol calls for project ideas