Swiss forwarder Panalpina saw a rise in air freight volumes by 36 per cent in the second quarter while ocean freight volumes were up 19 per cent, pushing gross profit up eight per cent to CHF380 million (US$364 million). But a CHF128 million provision for potential fines and compliance consultancy costs related to alleged violations of the US Foreign Corrupt Practices Act (FCPA) and antitrust laws relating to its earlier business dealings in Nigeria dragged the group into the red with a loss of … [Read more...] about Panalpina sees 15% growth in air and 10% in ocean

GAC Dubai has successfully moved a special shipment of silver tip sharks, from Cairns in Australia to the United Arab Emirates recently, with the entire event captured by a team from National Geographic Television (NAT GEO). “Though it was the first time this particular species had undergone such a long haul journey, thanks to the seamless work by GAC this was one of the smoothest shark transports that I have ever been a part of,” says Paul Hamilton, curator of Dubai Aquarium & … [Read more...] about Silver tip sharks travel from Oz to Dubai

Aramex, the global logistics and transportation solutions provider, announced that it has been awarded Class A status by the Transported Asset Protection Association (TAPA) for its Amsterdam facility in The Netherlands. TAPA is a unique forum which unites global manufacturers, logistics providers, freight carriers, law enforcement agencies and other stakeholders with the common aim of reducing losses from international supply chains. The association has developed a worldwide freight security … [Read more...] about Aramex awarded Class A TAPA cert in Amsterdam

John Keells Logistics, a part of the Logistics business unit of the John Keells Transportation Group — Sri Lanka’s largest conglomerate listed on the Colombo Stock Exchange — unveiled a new brand identity which encompasses the Supply Chain management and Freight Forwarding businesses of the group across South Asia. The new identity is an integral part of the regional expansion plans of John Keells Logistics, which already has presence in Sri Lanka, India and … [Read more...] about John Keells Logistics unveils its new identity

Kuehne + Nagel (K+N) said it has built up an acquisition kitty of nearly CHK400million (US$380million) for possible acquisitions to expand its overland network in Southern Europe. It had been following a strategy of expansion through acquisitions for several years, the Swiss company added. “For quite a while we have been looking at possible acquisitions in Southern Europe. This evaluation is ongoing, but there is nothing concrete to be reported by now,” K+N said. Reports suggest … [Read more...] about K+N ready to tap $380 million war chest