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
Logistics
Yusen Logistics expands air freight forwarding in Mexico
Yusen Logistics (Mexico) has opened two offices inside and outside the Mexico City Airport. By establishing a base on the airport front lines to manage its own air transportation operations, the company aims to realise competitive freight procurement and detailed transportation management of imported and exported freight. With the rapid growth of the automotive industry and increase in imported freight in Mexico, the need for detailed transportation management is rising. To respond … [Read more...] about Yusen Logistics expands air freight forwarding in Mexico
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
SingPost, Alibaba expand e-commerce logistics coop
Singapore Post and Alibaba Group Holding have announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading e-commerce logistics platform to service the rapidly growing e-commerce businesses across Asia Pacific and beyond. Lim Ho … [Read more...] about SingPost, Alibaba expand e-commerce logistics coop
TIACA welcomes WCO’s adoption of SAFE updates
The Air Cargo Association (TIACA) has welcomed the World Customs Organisation (WCO) Council’s adoption of important updates to its SAFE Framework of Standards to Secure and Facilitate Global Trade. As part of the changes, the WCO recently formally adopted the so–called ‘7 + 1’ data set as the requirement for risk data analysis, helping to standardise basic Pre-Loading Advance Cargo Information (PLACI) processes. “This is a major step forward for … [Read more...] about TIACA welcomes WCO’s adoption of SAFE updates
TIACA welcomes WCO’s adoption of SAFE updates
The Air Cargo Association (TIACA) has welcomed the World Customs Organisation (WCO) Council’s adoption of important updates to its SAFE Framework of Standards to Secure and Facilitate Global Trade. As part of the changes, the WCO recently formally adopted the so–called ‘7 + 1’ data set as the requirement for risk data analysis, helping to standardise basic Pre-Loading Advance Cargo Information (PLACI) processes. “This is a major step forward for … [Read more...] about TIACA welcomes WCO’s adoption of SAFE updates
