Agility today announced its financial results for the first quarter of 2016, reporting a net profit of KD13.1 million (US$43.45 million), an increase of 10.9 per cent compared with the first quarter of 2015. Revenue for the first quarter stood at KD 298.8 million, 6.1 per cent decrease versus the same period last year. “Agility started the year on a good note. Net profit improved 10.9 per cent, despite challenging market conditions in the Eurozone, China and the Middle East,” said Tarek … [Read more...] about Agility reports $43 million net profit in Q1
Logistics
UK freight forwarding, logistics back Heathrow Commons Committee Report
The UK’s Freight Transport Association (FTA) and the British International Freight Association (BIFA) have echoed the British House of Commons Transport Committee's call for a speedy decision on the long drawn out airport expansion decision. In its report on airport expansion in the South East, the House of Commons Transport Committee, has criticised the UK Government for squandering the opportunity to end decades of "political dithering" over a decision on the expansion of UK airport … [Read more...] about UK freight forwarding, logistics back Heathrow Commons Committee Report
Atlas Air to operate 20 B767-300 freighters for Amazon
Atlas Air Worldwide Holdings, Inc. announced today that it has become the latest aviation partner of e-commerce retailing giant Amazon with an agreement to operate 20 freighters on behalf of the company which will take up as much as a 30 per cent share in Atlas. Under the long-term agreements announced today Atlas will, starting in the second half of this year, operate 20 B767-300 converted freighters for Amazon on a CMI (crew, maintenance and insurance) basis by the group’s airline … [Read more...] about Atlas Air to operate 20 B767-300 freighters for Amazon
IATA pessimistic on cargo growth this year
The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago. The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight … [Read more...] about IATA pessimistic on cargo growth this year
K+N expands Logistics Control Centre at Singapore its hub
Kuehne + Nagel has expanded its Logistics Control Centre at its Singapore Logistics Hub, offering Integrated Logistics Services for the fulfilment of customers’ orders across international supply chains. With upgraded infrastructure and an expanded Integrated Logistics team located at the Singapore Logistics Hub, Kuehne + Nagel said the Logistics Control Centre "drives synergies and strengthens the Group’s global hub concept to provide end-to-end solutions from a single source." In order … [Read more...] about K+N expands Logistics Control Centre at Singapore its hub
Amazon makes further move into European logistics
Amazon has today announced the launch of its Pan-European Fulfilment by Amazon (FBA) programme. This new service will help sellers of any size export to millions of Amazon customers across the EU more efficiently than ever before, the e-tailing giant said in a statement. Amazon customers in turn will be able to receive thousands of new products from sellers across the EU, while benefitting from faster shipping times and lower delivery costs. The launch is further evidence of Amazon’s … [Read more...] about Amazon makes further move into European logistics
