Aramex has broken ground on its Dubai-based Logistics Centre, located in Dubai Logistics City (DLC). The AED 120 million (US$37.2 million) facility encompasses a built-up area of over 43,000 square metres, situated over a 140,000 square-metre area of land, and is due for completion in the first quarter of 2011. The logistics centre is strategically located next to the Jebel Ali Port and Free Zone, complementing Aramex’ product offering of total logistics solutions. The new Aramex … [Read more...] about Aramex breaks ground in Dubai Logistics City
Logistics
Kuehne + Nagel reports “very satisfactory†Q3
Kuehne + Nagel has released its financial figures for the first nine months of 2009 saying it had achieved “very satisfactory†results due to the ‘early, consistent implementation’ of its dual strategy of strict cost management and commitment to market-share expansion. Total net revenues fell by 23 per cent to CHF10.94 billion (US$10.66 billion). Gross profit was 7.3 below the figure of the previous year’s period. Operational result (EBITDA) decreased by … [Read more...] about Kuehne + Nagel reports “very satisfactory†Q3
Panalpina and Atlas Air extend partnership
Global forwarding and logistics group Panalpina and its long-time airline partner Atlas Air have announced a renewal of their cooperation agreement under which Panalpina provides owncontrolled capacity between Europe, North America and Mexico and links the company’s oil and gas hubs. The ‘Dixie Jet’ service’s capacity is managed by Panalpina while the Boeing 747F freighter aircraft are operated by Atlas Air. Panalpina and Atlas Air have been working … [Read more...] about Panalpina and Atlas Air extend partnership
CEVA opens ‘Pyramid’ warehouse in Dubai
CEVA Logistics has announced the opening of ‘Pyramid,’ a new 12,000 sq.m warehouse located in the JAFZA South Zone in Dubai. The new facility will serve as CEVA’s Middle East headquarters and manage products for four key regional customers working in the electronics, fashion and industrial sectors, the group said. “We are rapidly expanding our presence in Dubai. We anticipate that our Jafza facilities will grow by a further 65,000 sq.m in the next 12 months, … [Read more...] about CEVA opens ‘Pyramid’ warehouse in Dubai
Kuehne + Nagel wins Chilean Nestlé deal
Kuehne + Nagel (K+N) has won the contract to be Nestlé Chile’s logistics service provider under which K+N will manage Nestlé’s four distribution centres located across Chile covering the northern area from Antofagasta, the central area from Quilicura (Santiago) and Maipú, and the southern area from Concepción. K+N will also be responsible for distribution services for the shelfstable range of Nestlé products. … [Read more...] about Kuehne + Nagel wins Chilean Nestlé deal
Aramex posts 23% rise in quarterly profit

Global logistics solutions provider, Aramex, announced its financial results for the three months ending 30 September with a net profit of AED 41.7 million for the period, an increase of 23 per cent compared to AED 33.9 million in the corresponding period of 2008. Revenues for the third quarter of this year stood at AED 487.6 million, a decline of 11 per cent compared to AED 545.7 million in the same period last year. … [Read more...] about Aramex posts 23% rise in quarterly profit