Integrated logistics solutions provider Agility, has been awarded a major new contract in Qatar by RasGas, the country’s key liquefied natural gas (LNG) enterprise. The scope of the multi-million dollar contract comprises global freight forwarding, transportation and customs clearance for a period of four years, both locally and around the world. “Qatar is crucially important to the growth of Agility in the region and this deal represents an important milestone in our … [Read more...] about Agility wins major logistics contract from RasGas
Logistics
Air cargo upturn underway, but “fragileâ€Â
Signs of a clear, but fragile recovery in air cargo demand are being driven by companies restocking inventories which have run low, the International Air Transport Association (IATA) said on Thursday. But this pick up would remain “fragile†as long as economic recovery is driven by the inventory cycle, and not by increased consumption and business investment, IATA warned. International air freight demand was 11.3 per cent lower in July than the same month in 2008, a considerably … [Read more...] about Air cargo upturn underway, but “fragileâ€Â
Brazil National Airlines Association
Brazil’s air cargo transport covering both domestic and import-export segments dropped by 24.7 per cent in the first half of 2009 as the country felt eff ects of the global economic crisis, Brazil’s National Airlines Association, or Snea, said recently. The association said total air cargo for the first half of the year was 636, 000 tonnes. The association said import-export cargo suffered the most, with a decline of 31.6 per cent while domestic air cargo dropped 17 per … [Read more...] about Brazil National Airlines Association
Agility opens new Malaysian logistics hub
Agility has opened a logistics hub close to Kuala Lumpur, boosting the company’s total warehousing capacity in Malaysia to over 34,000 sq. m. The new 13,000 sq. m. facility in Bukit Jelutong, Shah Alam has 12 loading docks and 14,000 pallet positions and dedicated areas for pick and pack, kitting to line operations, consolidation and deconsolidation, cross docking, RMA programs, and reverse logistics. The new facility also includes an office facility of close to 3,000 sq. m, which … [Read more...] about Agility opens new Malaysian logistics hub
H1 revenue falls for Agility, net profit up 3%
Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline nine per cent to KWD 821.0 million (US$2.87 billion) compared with the same period a year earlier, but net profit rose three per cent to KWD 74.9 million. “Despite being faced with reduced volumes in freight forwarding since the start of the economic downturn, I believe that our strong … [Read more...] about H1 revenue falls for Agility, net profit up 3%
Panalpina will not join price war
Presenting its results for the first half of 2009, Swiss-based freight forwarder Panalpina said the industry is involved in a “cut-throat price warâ€Â, adding that it would not participate because transport prices were well below cost. Second-quarter profit slumped 68 per cent to 14.6 million Swiss francs (US$13.7 million) on legal costs tied to a corruption investigation in the US and an antitrust probe in Switzerland. Sales fell to 1.36 billion Swiss francs. Panalpina cut the … [Read more...] about Panalpina will not join price war
