Logistics

K+N profits down 16%, but still in the black

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Kuehne + Nagel has announced its net profit fell 16.1 per cent in the second quarter compared with a year ago as the global economic slowdown depressed ocean and air freight traffic. The Swiss logistics giant booked net profit of US$120.7 million in the three months to 30 June as revenue slid 21.9 per cent to $3.9 billion. Net profit in the first six months fell 16.2 per cent to $241 million from the same period in 2008 as revenue shrank 20.6 per cent to $7.9 billion. The Zurich-based company … [Read more...] about K+N profits down 16%, but still in the black

Schenker inaugurates new Euro air freight hub

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DB Schenker inaugurated its new €50 million European air freight hub at Frankfurt Airport this week, with operations to begin in early August which will see import and export units currently operating at different sites merged into a single unit at the airport. “This European hub is an essential turntable within our international air freight network. It will contribute to expand our position in the global competition,” said member of the Management Board of DB Mobility … [Read more...] about Schenker inaugurates new Euro air freight hub

C.H. Robinson acquires UK-based forwarder

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US-based logistics provider, C.H. Robinson, has acquired London based freight forwarding company Walker Logistics Overseas, which caters primarily to customers in the electronics telecommunications, medicals, sporting goods and military industries. Walker, established in 1977, is a global, fully integrated import and export door-todoor provider specialising in air and ocean freight, warehousing, courier, and logistics solutions with five offices in the UK, Ireland, and the Netherlands. “We … [Read more...] about C.H. Robinson acquires UK-based forwarder

Schenker opens new semiconductor facility

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DB Schenker has extended its involvement in the Korean logistics market with the start of operations of Schenker Korea Ltd’s semiconductor distribution centre at its Korea Logistics Center in the Free Trade Zone at Incheon Airport. The first of its kind in Korea, the facility began operations recently for Dutch company ASML – a leading provider of lithography systems for the semiconductor industry that are critical to the production of integrated circuits, or chips. The … [Read more...] about Schenker opens new semiconductor facility

Schenker expands in ME with Egyptian JV

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DB Schenker has announced a new joint venture in Egypt with DB Schenker’s long-time partner, ITS International Transport Service Ltd. “The new company is a further important new hub within DB Schenker’s worldwide network. This step will enable us to provide even better, high quality end-to-end solutions across the entire process chain in this very promising growth market,” said Schenker AG Board member responsible for Contract Logistics/Supply Chain Management, … [Read more...] about Schenker expands in ME with Egyptian JV

Aramex joins Cargo 2000

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Dubai-based global logistics solutions provider, Aramex, has announced that it has joined Cargo 2000, an industry group within the International Air Transport Association (IATA) specialising in quality management systems for the global air freight industry. Cargo 2000 re-engineers the air cargo transportation scheme from shipper to consignee with its processes backed by quality standards that are measurable to improve the efficiency of air cargo. Cargo 2000’s global member base … [Read more...] about Aramex joins Cargo 2000