Rhenus Freight Logistics and Lufthansa Cargo have signed an agreement aimed at winning more air freight business from medium-sized European companies shipping to the US, Asia and Middle East. Rhenus, which has annual turnover of some €3.3 billion (US$4.5 billion), said it would introduce its European shipper customers to Lufthansa Cargo as part of the preferred partner deal. “Our customers obtain reliable and high-quality services for their air freight in return,†added Marc … [Read more...] about Rhenus & Lufthansa team up to boost volumes
Logistics
Time:Matters & Jetpak team up on spare parts
Time:matters, the special service provider for courier, same day and emergency logistics as well as time-critical spare parts logistics and Jetpak, a Nordic market leader for time-critical express logistics solutions, have developed a joint flight network specifically for the transport of time-critical spare parts. The new high-frequency, in-night network connects Central European commercial centers with Northern European destinations such as Stockholm, Oslo, Copenhagen and Helsinki as well as … [Read more...] about Time:Matters & Jetpak team up on spare parts
Rhenus & Lufthansa team up to boost volumes
Rhenus Freight Logistics and Lufthansa Cargo have signed an agreement aimed at winning more air freight business from medium-sized European companies shipping to the US, Asia and Middle East. Rhenus, which has annual turnover of some €3.3 billion (US$4.5 billion), said it would introduce its European shipper customers to Lufthansa Cargo as part of the preferred partner deal. “Our customers obtain reliable and high-quality services for their air freight in return,†added Marc … [Read more...] about Rhenus & Lufthansa team up to boost volumes
Q1 profit for Agility amid declining logistics market
Kuwait-based Agility has reported a 16.4 per cent rise in net profit for the first quarter 2009 over the same period last year despite the slowdown affecting the global economy. Net profit before non-recurring items was KD39.2 million (US$134.8 million). "Going forward, we are proceeding with extreme caution, and will continue to centre our efforts on aggressively managing cost and cash while driving performance. We also continue to scope out game changing opportunities for mergers and … [Read more...] about Q1 profit for Agility amid declining logistics market
TNT reports 58% slide in Q1 net profit
Netherlands-based TNT has reported a 58 per cent fall in first-quarter net profit on the back of shrinking volumes at its express and mail units, saying the situation was expected to continue through the rest of 2009. TNT chief executive Peter Bakker said trading conditions in the first quarter "continued the trend we saw at the end of 2008 and the beginning of this year", adding that these are "to persist through the rest of the year". Net profit fell to €76 million from € 179 … [Read more...] about TNT reports 58% slide in Q1 net profit
China’s manufacturing gains strength
The China Purchasing Managers' Index (PMI), seen as a bellwether of manufacturing activity in the country, rose to 53.5 in April from 52.4 in March, according to Reuters. This is the second straight month the index has finished in excess of 50, which indicates an expansion of activity in the manufacturing sector. A reading of below 50 suggests a contraction. The PMI, compiled by the China Federation of Logistics and Purchasing, plummeted to a record low of 38.8 last November. Various sub-indexes … [Read more...] about China’s manufacturing gains strength
