TNT is stepping up its services in Europe with the construction of a new international depot in Eindhoven (Netherlands) and the start of air services to Hanover (Germany). Both developments are part of the company’s strategy to invest in its core European network, enhance operational efficiency and service quality. TNT has broken ground on its new 6,350 square metre depot in Eindhoven to replace the existing, rented facility in the same town, which has become too small. Completion is … [Read more...] about TNT adds new air routes, depot in Europe
Logistics
UPS CEO calls for closer cooperation at APEC
UPS CEO David Abney called for closer cooperation between business and governments to work together to maximise the benefits of international trade during the APEC CEO Summit panel, Economic Reforms for Sustaining Competitiveness. In a signal to export manufacturers, Abney cited a recently launched study where key business differentiators 'quality', 'reliability', and a 'flexible supply chain' emerge as priorities for companies seeking to gain competitive advantage in a changing economic … [Read more...] about UPS CEO calls for closer cooperation at APEC
Agility eyes 35% stake in Kuwait Airways
Agility announced its interest in buying a 35 per cent stake in loss-making state carrier Kuwait Airways, Arab News reported. Agility's CEO Tarek Sultan told Reuters that this investment plan is based on the company's strategy of expanding into aviation services. Previously, the Kuwaiti Parliament said it has approved a plan to privatize the flag-carrier by selling a 35 per cent stake to an investment company, but since then the plan has been delayed several times. "We don't know the … [Read more...] about Agility eyes 35% stake in Kuwait Airways
FedEx Freight CEO William Logue to retire
FedEx Corp. announced that William J. Logue will retire as president and CEO of its FedEx Freight subsidiary on 31 December 2014. He has guided FedEx Freight since 2010 to a leading position in the US less-than-truckload (LTL) market. He cited health concerns as the reason for his decision to retire. Michael L. Ducker, a 40-year FedEx veteran, will succeed Logue as president and CEO of FedEx Freight. Ducker will move into his new role on 1 January 2015, from his current position … [Read more...] about FedEx Freight CEO William Logue to retire
ATSG reports strong 3Q results
Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended 30 September 2014. Pre-tax earnings from continuing operations increased 25 per cent to US$15.6 million driven by a US$7.0 million improvement in airline profitability compared with a year ago. Nett earnings from continuing operations increased 23 per cent to US$9.6 million, from US$7.8 million in the third … [Read more...] about ATSG reports strong 3Q results
TNT launches data management tool for pharma
Asia’s fast-growing clinical trials sector gets a ‘shot in the arm’ with the launch of a new, web-based application, which is set to revolutionise the clinical trial supply chain. As the pharmaceutical industry enters a new phase of rapid growth, with larger pipelines designed to get new drugs to market faster, the clinical research sector faces the challenge of maintaining tight controls over the process and budget of clinical trials. It is further compounded by the … [Read more...] about TNT launches data management tool for pharma
