The Panalpina Group reported a slight increase in EBIT and consolidated profit in what it described as a very challenging environment. Posting a rise of 15 per cent in EBIT to CHF 134.2 million (US$134.6 million) at constant currency and consolidated profit up 16.3 per cent to CHF 100.6 million (constant currency) in 2015 year-on-year. While volumes in Air Freight and Ocean Freight dropped slightly below previous year levels, Logistics achieved the first positive EBIT result for the full … [Read more...] about A resilient Panalpina sails smoothly through 2015
Freight Forwarders
Yusen Logistics Indonesia launches Central Java consolidation/forwarding service
PT Yusen Logistics Indonesia has launched its own consolidation air freight forwarding service from Semarang Airport (Achmad Yani International Airport) in Central Java. The new service provides customers with a fast and cost-effective forwarding solution, which facilitates integrated in-house handling and includes both customs clearance and collection. The new service has been introduced to support the growing number of businesses moving into the region, according to Yusen and to improve the … [Read more...] about Yusen Logistics Indonesia launches Central Java consolidation/forwarding service
AIR CARGO INDIA: Cargo ‘making it in India’
India’s air cargo sector is expected to grow by more than 180 per cent within the next 15 years, in a large part boosted by Indian Prime Minister Narendra Modi’s 'Make in India’ campaign focusing on growing manufacturing from its present 15 per cent of GDP to a full 25 per cent by 2022, according to Dr Renu Singh Parmar, senior adviser for India’s ministry of civil aviation. She also estimated that India's air cargo throughput would rise from 2.6 million tonnes in 2015 to nearly 8.7 million … [Read more...] about AIR CARGO INDIA: Cargo ‘making it in India’
AIR CARGO INDIA: Cargo ‘making it in India'
India’s air cargo sector is expected to grow by more than 180 per cent within the next 15 years, in a large part boosted by Indian Prime Minister Narendra Modi’s 'Make in India’ campaign focusing on growing manufacturing from its present 15 per cent of GDP to a full 25 per cent by 2022, according to Dr Renu Singh Parmar, senior adviser for India’s ministry of civil aviation. She also estimated that India's air cargo throughput would rise from 2.6 million tonnes in 2015 to nearly 8.7 million … [Read more...] about AIR CARGO INDIA: Cargo ‘making it in India'
BREAKING NEWS: ICAO bans Lithium-ion battery cargo on passenger aircraft
The 36-State International Civil Aviation Organisation (ICAO) Governing Council has adopted a new aviation safety measure prohibiting, on an interim basis, all shipments of Lithium-ion batteries as cargo on passenger aircraft, effective 1 April 2016. The ban pertains only to Lithium-ion batteries shipped as cargo on passenger aircraft and not to those contained in personal electronic devices carried by passengers or crew. It comes subsequent to extensive reviews undertaken by the ICAO Air … [Read more...] about BREAKING NEWS: ICAO bans Lithium-ion battery cargo on passenger aircraft
DHL chief issues “unequivocal” denial of global forwarding sale
The CEO of Deutsche Post's DHL, Frank Appel has given an “unequivocal" denial that the logistics giant is looking to shed its troubled freight forwarding division, dismissing the flurry of reports as nothing more than “false rumours”. In a statement Deutsche Post DHL Group CEO, Frank Appel, said: “To clear up false rumours and to be unequivocal, Deutsche Post DHL Group is not exploring the sale of our Global Forwarding and Freight Division. “We have a market-leading position in this … [Read more...] about DHL chief issues “unequivocal” denial of global forwarding sale