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 DB Schenker inaugurates new Euro air freight hub
Logistics
China posts 7.9% GDP growth for second month
China has reported a 7.9 per cent year-on-year growth in its estimated gross domestic product (GDP) for the second quarter, spurred by a government economic stimulus package. The April-June figure was up from 6.1 per cent in the first quarter and took China's GDP growth to 7.1 per cent for the first six months of this year compared with the same period last year, according to the country's National Bureau of Statistics. In another sign of improvement, China's industrial output grew by 10.7 per … [Read more...] about China posts 7.9% GDP growth for second month
Toll acquires three Asian express businesses
Hot on the expansion trail, Australia’s Toll Group, a leading provider of integrated logistics services in the Asian region, has announced the acquisition of three Asian based international express businesses.Toll has acquired the Asian operations of Deltec in Hong Kong, Singapore and Australia to complement its existing air freight operations in Australia and New Zealand. The Deltec business has multiple product offerings including international express, local point to point courier … [Read more...] about Toll acquires three Asian express businesses
Aramex opens German express network
Global logistics solutions provider, Aramex, has announced the opening of new offices in Germany, including Hamburg, Cologne and Frankfurt, as part of its business expansion strategy. Hamburg will serve as the country head office, with Cologne hosting the main hub, night operations and line-haul system, while Frankfurt will serve as the international gateway for imports,exports, and customs clearance.“Germany is a vibrant European market for Aramex and we believe there is still huge … [Read more...] about Aramex opens German express network
China’s flower power continues to grow
China’s country-wide floriculture trade annually is an over US$8 billion business and good news for air cargo carriers, the central government is aiming to turn its focus from the domestic to international market. Brian Thomson reports fromChengdu, China.Yunnan Province is one of the major areas for flower farming in China with the area under cultivation for cut flowers increasing in just one year by 15 per cent, showing the eagerness of the industry to expand.Currently, some 80 per … [Read more...] about China’s flower power continues to grow
Toll to acquire full ownership of Chinese operation
Australian group Toll, one of the Asia region’s leading providers of integrated logistics, has announced it has reached an agreement with China Merchants Group to acquire all the remaining 49 per cent of shares in Shenzhen-based ST-Anda Logistics. ST-Anda has an extensive logistics network across mainland China with warehouses and depots in more than 30 cities and a distribution network reaching over 1,500 cities across the country, according to Toll. “Moving ST-Anda to a … [Read more...] about Toll to acquire full ownership of Chinese operation
