DB Schenker has strengthened its foothold in Vietnam’s logistics arena with the recent acquisition of the outstanding 49 per cent of the shares in its joint venture with Gemadept Logistics. Schenker Gemadept Logistics was formed in July 2007 to provide logistics and supply chain services through an agreement between Schenker Vietnam Co., Ltd. and Gemadept Logistics, with the former holding 51 per cent of shares and the latter with 49 per cent of shares. “DB Schenker has … [Read more...] about DB Schenker’s Vietnam JV now fully owned
Logistics
DB Schenker’s Vietnam JV now fully owned
DB Schenker has strengthened its foothold in Vietnam’s logistics arena with the recent acquisition of the outstanding 49 per cent of the shares in its joint venture with Gemadept Logistics. Schenker Gemadept Logistics was formed in July 2007 to provide logistics and supply chain services through an agreement between Schenker Vietnam Co., Ltd. and Gemadept Logistics, with the former holding 51 per cent of shares and the latter with 49 per cent of shares. “DB Schenker has … [Read more...] about DB Schenker’s Vietnam JV now fully owned
PIA optimistic of resuming cargo ops to EU
Pakistan International Airlines (PIA) is hoping to receive its ACC3 (Air Cargo or Mail Carrier operating into the Union from a Third Country) validation that will allow it to resume cargo service to Europe, which was suspended on 28 July. The national carrier says it is confident about getting the mandatory clearance as it has spent months putting in place relevant systems and procedures to comply with the new European Union conditions that came into effect officially on 1 July. … [Read more...] about PIA optimistic of resuming cargo ops to EU
DP-DHL sustains profit growth on mixed results
Deutsche Post–DHL (DP-DHL) turned in a set of mixed results for the second quarter with continued prosperity in the time-definite segment of its business, while others such as its freight forwarding business suffered margin pressure. The top-line numbers for the group saw only slight movement with revenue up 0.7 per cent year-on-year at €13.7 billion and EBIT (Earnings Before Interest and Tax) up 5.7 per cent year-on-year from €619 million in 2013 to €654 million this … [Read more...] about DP-DHL sustains profit growth on mixed results
Hacis doubles business with Expeditors
Hong Kong Air Cargo Industry Services Limited (Hacis) – the added-value-logistics subsidiary of Hactl – has more than doubled its business with Expeditors Hong Kong, with the provision of its Airport Direct Export service to the major logistics company. Expeditors is now the largest customer for Hacis. Hacis has been providing its Airport Direct service for Expeditors’ imports since 2000, including breakbulk, cargo handling and sorting to house air waybill level. … [Read more...] about Hacis doubles business with Expeditors
Air cargo volume growth slows in June: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing 2.3 per cent growth in demand (measured in freight tonne kilometers) over June 2013, a growth rate that is slower than the 4.9 per cent growth reported for May. Nevertheless, overall growth for the first six months of 2014 stands at 4.1 per cent compared to the same period in 2013. That is much stronger than the weak 1.4 per cent increase reported for the full-year 2013 over 2012 levels, … [Read more...] about Air cargo volume growth slows in June: IATA
