UPS has announced an addition to its China-to-Europe rail shipments as the new modal option continues to gather steam as a both a reliable and viable addition, or alternative, to ocean shipping and air freight. UPS’ Less-than-Container Load (LCL) service offering is available from Zhengzhou to Hamburg and becomes part of the UPS Preferred multimodal freight services portfolio. UPS established a Full Container Load (FCL) solution for China-to-Europe in June 2014. Full Container Load … [Read more...] about UPS adds LCL to its China-Euro rail option
Freight Forwarders
IATA calls for new Indian aviation policy
The International Air Transport Association (IATA) has called for the development of a comprehensive policy for aviation aligned with the Indian Government’s stated intention to make it easier to do business in India. The objective is to allow India to derive maximum social and economic benefits as its aviation market grows to become the third largest in the world. That is expected to happen in 2029 when the number of travelers to, from and within India will near 280 million … [Read more...] about IATA calls for new Indian aviation policy
K+N sees strong profitability despite currency hit
Kuehne + Nagel reported “excellent performance" in the air freight sector for the first half of 2015, which helped the global logistics giant to post a 4.2 per cent rise in net earnings for the period to CHF 326 million (US$341.5 million), compared to the same period in 2014. This was despite a negative currency impact of 7.3 per cent, the group said, while noting that revenue fell 3.2 per cent compared with the first half of 2014, to CHF 8.23 billion. Commenting on the results, Detlef … [Read more...] about K+N sees strong profitability despite currency hit
Conqueror Freight Network adds RBS Logistics in Georgia
The addition of RBS Logistics Ltd in Georgia to Conqueror Freight Network’s membership has elevated it to the position of 2nd largest freight forwarder network in the industry, according to the group, which now covers 123 countries. “The purpose of a freight network is about enabling members to compete with the multinationals. Having excellent network coverage is essential because the multinationals have offices in every corner of the globe,” explained Conqueror managing director, Antonio … [Read more...] about Conqueror Freight Network adds RBS Logistics in Georgia
CEVA wins contract extension in US from Volvo
CEVA Logistics has won a two year extension for customs brokerage services with Volvo Cars of North America. The company, headquartered in Rockleigh, New Jersey, is the US subsidiary of the Swedish luxury automotive manufacturer. CEVA’s US customs brokerage team had been providing services to Volvo through an initial one year contract, which was subsequently extended. “The decision to extend our contract with CEVA for customs brokerage services was straightforward, based upon the outstanding … [Read more...] about CEVA wins contract extension in US from Volvo
IAG Cargo returns to Kuala Lumpur after 14 years
IAG Cargo has seen sharply increased volumes both in and out of its just-opened Kuala Lumpur service, John Cheetham, regional commercial manager for Asia Pacific and India told reporters in Kuala Lumpur on 3 July. “Performance has exceeded expectations” Cheetham said. Since Kuala Lumpur came on line at the end of May exports to the UK and Ireland have risen by 57 per cent, nearly ten times more than the six per cent increase in outflow to Europe and two-thirds more than those to … [Read more...] about IAG Cargo returns to Kuala Lumpur after 14 years