Apple’s launch of it s new iPad in mid-March put pressure on capacity out of China with shippers and forwarders scrambling to find air freight capacity for their shipments. The demand created by Apple snapping up capacity at premium rates over the previous couple of weeks sent freight rates soaring, by nearly 20 percent. sharp spike, the current price level still poses a significant threat to profitability,” it said. It cut SIA’s earnings forecast by 25 percent for the … [Read more...] about Apple’s new iPad sends freight rates soaring
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Obsolescence: Are you willing to risk it?
In the currently fragile global economic environment made all the more challenging by a barrage of seemingly ever changing regulations, air cargo carriers need to be at the top of their game. But many carriers still rely on old, cumbersome and rigid IT systems for managing their cargo business. For IBS Software, reluctance to switch over to next generation cargo management systems potentially puts carriers at a competitive disadvantage. Donald Urquhart reports from Mumbai. There are a number … [Read more...] about Obsolescence: Are you willing to risk it?
Major Paris hub expansion for Geodis
French logistics giant Geodis has announced a major extension to its hub in Evry Lisses, in the southern suburbs of Paris, under an agreement with logistics property developer ProLogis. The extension, of close to 30,000sq metres, will take the size of Geodis’s hub at the site to 100,000sq metres in what it said will allow it to better meet the requirements of its customers in the FMCG retail and hi-tech sectors. The extension is scheduled for completion in 2013 and associated … [Read more...] about Major Paris hub expansion for Geodis
Kerry Logistics acquires Spanish JV
Kerry Logistics, a leading global logistics services provider, has completed the acquisition of its former joint-venture, Kerry Salvat Logistics S.A., through a buy-out of the remaining shares from its partner Salvat Logistica, S.A. Kerry Logistics has been a major player in Spain since 2005, providing a broad range of international freight and logistics services including, sourcing and buying from Asia as well as providing a platform for its Spanish customers to create opportunities to sell … [Read more...] about Kerry Logistics acquires Spanish JV
IJS Global opens Stuttgart office
Amsterdam-headquartered IJS Global, a worldwide logistics service provider with a network spanning 77 countries, has opened a new branch office in Stuttgart, Germany. The Stuttgart region is considered to be one of the most innovative metropolitan regions in Europe, is known for its hitech industry and has some 160,000 businesses located within its environs. … [Read more...] about IJS Global opens Stuttgart office
Lufthansa Technik opens SG pool storage
Lufthansa Technik AG has opened a pool storage facility in Singapore for aircraft components, effective 1 February. The expansion of services in the Asia-Pacific region offers the company’s customers in the region an even more direct access to aircraft material on a 24/7 basis, the company said. Having a distribution center in Singapore also enhances service quality through faster provision times and a regional contact partner, it added. The warehouse, which will be operated by … [Read more...] about Lufthansa Technik opens SG pool storage
