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

Logistics
Aramex’s Dubai Logistics City facility breaks ground
Aramex has broken ground on its Logistics Centre, located in Dubai Logistics City (DLC). The AED 120 million Aramex 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. … [Read more...] about Aramex’s Dubai Logistics City facility breaks ground
Aramex's Dubai Logistics City facility breaks ground
Aramex has broken ground on its Logistics Centre, located in Dubai Logistics City (DLC). The AED 120 million Aramex 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. … [Read more...] about Aramex's Dubai Logistics City facility breaks ground
Airline exec confidence returns
Airline executives expect improved results and a rebound in cargo volumes in the coming year, a "turning point" for a sector closely linked to economic trends, a survey released on Monday showed. The International Air Transport Association (IATA) said confidence had grown markedly among major carriers in Asia, Europe and the Americas. "This does look like a turning point," IATA said of the quarterly business confidence poll. … [Read more...] about Airline exec confidence returns
China posts 8.9 per cent Q3 GDP growth

China posted GDP growth of 8.9 per cent in the third quarter of the year, up from 7.9 per cent growth in the second quarter, Bloomberg reported. The growth rate, the fastest in a year, reflected heavy government stimulus spending and high lending growth. Helped by massive stimulus spending on infrastructure, urban fixed-asset investment rose 33.3 per cent in the third quarter. Industrial production rose 13.9 per cent year-on-year in September, the highest rate of growth in more than 12 … [Read more...] about China posts 8.9 per cent Q3 GDP growth
Airfreight rising faster than seafreight: Toll
Expressing sentiment expressed recently by a number of players in the airfreight industry, Toll Group chief executive Paul Little has said that airfreight was leading seafreight as the global economic recovery gathers steam. Little also predicted a rebound beginning in the fourth quarter this year. "Interestingly we've probably seen more interest in airfreight than seafreight," Little said speaking on ABC's Inside Business program. "Airfreight, of course, is a direct result of people trying to … [Read more...] about Airfreight rising faster than seafreight: Toll
