US-based SEKO, a global provider of freight forwarding and logistics solutions, has expanded its operations into Dubai. The new SEKO-Dubai station covers air, ocean and ground operations throughout the UAE. It serves as a major transhipment and distribution hub, with multimodal transportation throughout the entire Middle East, Africa and the Commonwealth of Independent States (CIS), comprised of 11 former Soviet republics. Due to increasing international trade and business development … [Read more...] about SEKO opens office in Dubai
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EGL accepts Ceva’s bid
After months of haggling, USbased logistics provider EGL Inc. has accepted a US$2 billion bid to be acquired by the Ceva Group, which is owned by private-equity firm Apollo Management. Under the agreement, EGL shareholders will receive $47.50 in cash per share of EGL stock they hold at the time of the merger. CEVA also amended the “no-deal” fee, dropping the fee payable by EGL to CEVA from $30 million to $20 million, and increasing the fee payable by CEVA to EGL. The purchase … [Read more...] about EGL accepts Ceva’s bid
Global’ supply chains often aren’t global
Nearly half (48 percent) of supply chain executives at multi-national companies in the chemical, consumer goods, industrial and retail sectors consider their supply chains to be global, yet operating decisions made on behalf of those supply chains would indicate otherwise. Some 60 percent of the executives said supply chain decisions in their companies are regional or local in scope, according to a recent study conducted by BDP International’s Centrx consulting unit and St. … [Read more...] about Global’ supply chains often aren’t global
VWT, ABX Logistics ink agency pact
Japanese logistics provider Vantec World Transport Co., Ltd. (VWT) and its Belgian counterpart, ABX Logistics Worldwide, have signed an agency agreement regarding cooperation in international freight forwarding activities and supply chain solutions. The deal will enable ABX Logistics to act as VWT’s partner worldwide in all countries where VWT is not represented, while VWT will represent ABX Logistics as its partner in Japan. Under the agreement, ABX Logistics (Japan) Co., Ltd. will … [Read more...] about VWT, ABX Logistics ink agency pact
AFA Conference builds up momentum
The Air Freight Asia 2007 Conference is steadily building up momentum with several leading executives from the cargo industry confirming their participation as speaker or panel member in the Round Table Discussion. … [Read more...] about AFA Conference builds up momentum
Cathay Pacific named Official Carrier for Asian Aerospace
Asian Aerospace Expo 2007 has appointed Cathay Pacific Airways Limited as the Official Carrier of this event to offer exclusive airfares for delegates in business and economy class. This offer is only available to pre-registered delegates of the event, which includes Air Freight Asia 2007 delegates. An exclusive event code, which is detailed on the automatic response delegates will receive upon registering for the event. Steps to obtain on-line airfares : 1. Simply visit the … [Read more...] about Cathay Pacific named Official Carrier for Asian Aerospace
