TNT Express has launched a five day per week air cargo service linking Moscow and its main European hub Liege, via Warsaw. The new route, operated by a B737-300 freighter providing 16 tonnes of capacity, will secure and speed up the expedition of time-critical shipments to and from Russia. Examples include automotive parts, clinical supplies and biological samples, such as blood and human tissues.  The strategic air connection with Moscow will particularly strengthen TNT's service to the … [Read more...] about TNT launches Moscow-Liege freighter service
Logistics
Agility’s first quarter profit plummets
Kuwait-based global logistics company, Agility has reported a drop in first quarter net profit by 52 per cent from a year ago to KD17.5 million (US$60.1 million) and warned future earnings will suffer from the loss of US military contracts in the wake of fraud charges. Revenues during the period fell 14.4 per cent to KD403 million as compared to the previous quarter. Agility, which has been accused of over-charging the US military during nearly a two-year period under contracts to supply US$8.5 … [Read more...] about Agility’s first quarter profit plummets
China’s 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China’s 2010 trade surplus expected to fall sharply
FedEx Trade Networks opens EMEA offices
FedEx Trade Networks has opened three additional offices in its Europe, Middle East and Africa (EMEA) region. This latest step in the company's global expansion plan includes new operations in Warsaw and Gdynia, Poland and Dubai, United Arab Emirates. FedEx commented that the strength of the Polish economy, in addition to its central location in Europe and on the Baltic Sea, will enable significant intra-European trade via the offices in Warsaw and Gdynia. As one of the fastest growing cargo … [Read more...] about FedEx Trade Networks opens EMEA offices
Agility's first quarter profit plummets
Kuwait-based global logistics company, Agility has reported a drop in first quarter net profit by 52 per cent from a year ago to KD17.5 million (US$60.1 million) and warned future earnings will suffer from the loss of US military contracts in the wake of fraud charges. Revenues during the period fell 14.4 per cent to KD403 million as compared to the previous quarter. Agility, which has been accused of over-charging the US military during nearly a two-year period under contracts to supply US$8.5 … [Read more...] about Agility's first quarter profit plummets
China's 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China's 2010 trade surplus expected to fall sharply
