Global supply chain company Ceva Logistics has launched its newly consolidated Charter and On Board Courier Services around the globe. The new services will include a dedicated Charter and On Board Courier Service, giving Ceva customer’s access to services in-house all year round. The business has identified the key market segments for Charter andOn Board Courier services as being within aerospace (AOG), healthcare, automotive, technology, and energy sectors. Ceva said it has … [Read more...] about Ceva launches Charter/On Board Courier Services
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EU sends cartel complaint to 47 companies
Nippon Express, Ceva and Panalpina are among 47 companies and affiliates across Europe, the US and Asia that received an European Union complaint about alleged price-fixing in freight forwarding. The allegations concern freight-forwarding services from the US to outside the EU, from the EU to the US, from China to the EU and from Southern China/Hong Kong to the EU, the commission said in a statement in 2007. The probe began in October 2007 when the commission raided the offices of Kuehne … [Read more...] about EU sends cartel complaint to 47 companies
K Line acquires 51% stake in Air Tiger Express
Japanese logistics and air/ocean shipping company, Kawasaki Kisen Kaisha (K Line) has reached an agreement with Air Tiger Express Companies, Inc. (ATEC), a US-based logistics service provider, to acquire 51 per cent of ATE’s shareholding. ATEC is an international freight forwarder and provider of integrated logistics services and has a number of subsidiaries including: Air Tiger Express (USA) Inc., Air Tiger Express (Asia) Inc. and Shenzhen Airport ATE Intl Freight Co., Ltd. … [Read more...] about K Line acquires 51% stake in Air Tiger Express
Toll acquires US forwarding business
Australia-based Toll Group has announced yet another acquisition, with the A$80 million (US$71 million) purchase of Summit Logistics International (Summit), one of the US’ leading independent freight forwarding and supply chain businesses, according to Toll. Summit generates annual revenue of around A$300 million and is a key provider of ocean freight services on the transpacific trade lane. Based out of New Jersey, Summit provides integrated logistics services to its customers … [Read more...] about Toll acquires US forwarding business
Commercial engines pull down RR profit
The world’s second-largest aircraft engine maker – UK-based engine-maker Rolls-Royce – posted a four per cent rise in full-year profit to £915 million (US$$1.43 billion) on sales of £10.4 billion, up 14 per cent on a year earlier, for the year ended 31 December 2009. Rolls-Royce, which makes engines and turbines for passenger planes, fighter jets, ships and power stations, saw its other divisions offset the stunted civil aerospace demand last year that … [Read more...] about Commercial engines pull down RR profit
AirAsia X, Virgin Blue pick Lufthansa Technik
Two Lufthansa Technik’s subsidiaries in the Philippines and Australia have won new engine and airframe maintenance contracts with two carriers in Asia- Pacific – low-cost AirAsia X and Virgin Blue. Eight AirAsia X A330s and A340s will go to Lufthansa Technik Philippines in Manila for maintenance over the next three years, starting in March. Work covered under the contract includes four C checks and a heavy maintenance check during the first year, plus several cabin retrofit … [Read more...] about AirAsia X, Virgin Blue pick Lufthansa Technik