French national postal operator LaPoste said it will record a 700 millioneuros net profit in 2006, up by about25 percent on the figure of 557 millioneuros for 2005. La Poste noted that its balancesheet would be hit by an exceptionalreform-linked contribution of 2 billioneuros to the national pension financingsystem at the end of this year. Internalinvestment this year on new hubs inLorraine and Val de Loire and themodernisation of the postal network(1,100 offices) reached 1.2 billion euros,up … [Read more...] about France's La Poste reports profit for 2006
Air & Cargo Services
DFW's focus on Asia is paying off
With seven Asian airlines currently running 39 flights a week to and fromDallas/Fort Worth International Airport, plus increased interest fromcarriers in using DFW as a transfer hub for cargo between Latin Americaand Asia, DFW has become a major US hub. Karen E. Thuermer reports. Asia is an important market to DFWand represents half of the airport'sairfreight volumes. According to airportstatistics, January - October 2006volumes were up over 22 percent overthe same period last year. This … [Read more...] about DFW's focus on Asia is paying off
EGL's CEO bids to acquire the company
EGL's largest shareholder, the company'sfounder and chief executiveofficer James Crane, along with privateequity company, General Atlantic, havesubmitted a proposal to acquire all ofthe outstanding equity interests of EGLfor $36 per share in cash. Crane is Houston-based EGL'sbiggest shareholder, with 18 percent.EGL's board of directors has formeda Special Committee of independentdirectors to review and evaluate theproposal. However, the company hasmade it clear that no decision has beentaken … [Read more...] about EGL's CEO bids to acquire the company
DHL bags Saudi Aramco's contract
DHL Supply Chain, the logisticsspecialist at Deutsche Post World Net,has concluded a 10-year multi-milliondollarcontract with the world's numberone crude oil producer, Saudi Aramco.DHL has been contracted to developthe oil giant's national logistics infrastructure.This includes the provision,management and operation of fourmaterial distribution centres (MDC) inDammam, Riyadh, Jeddah and Yanbu,of a fleet of vehicles and personnelas well as 14 material service centres(MSC). To implement these … [Read more...] about DHL bags Saudi Aramco's contract
EMA's 2006 freight up by 4.7%
East Midlands Airport (EMA) hasreported that its total freight includingtransit cargo was 300,291 tonnes in2006, up 4.7 percent year-on-year - thefirst time ever that EMA's throughputhas exceeded 300,000 tonnes in a year.Bill Blanchard, cargo developmentmanager of East Midlands Airport,Nottingham, said it was also anotherexceptional year for cargo charters withnearly 500 ad-hoc movements including164 by AN-124 and the second visitto EMA of the AN-225. In terms of pure freight, EMA saidit … [Read more...] about EMA's 2006 freight up by 4.7%
TAP adopts Kale's CSP
TAP Portugal, the national airline ofPortugal, and Kale Consultants (Kale),the India-based provider of softwaresolutions and outsourced services tothe travel and transportation industry,have signed a contract to implementKale's fully integrated enterprise-widecargo solution, known as CSP™. CSP™ has been designed to meet theend-to-end needs of cargo carriers of allsizes. With CSP™, TAP Portugal willhave a flexible and integrated system,which will provide a comprehensiveset of … [Read more...] about TAP adopts Kale's CSP
