International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a “challenging environment”. While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina: Stable profits in challenging enviro
Air Forwarding
“Mixed bag” growth for Agility
Agility announced its financial results for the second quarter of 2015, reporting a net profit of KWD13.5 million (US$44.6 million), an increase of five per cent compared to the second quarter of 2014. EBITDA stands at KWD 25.5 million, a one per cent increase compared to Q2 of 2014. “The global logistics market is a mixed bag in terms of growth, with continued sluggishness in China and Europe; and ongoing pressure on rates,” said Tarek Sultan, Agility’s CEO. “In this environment, we are … [Read more...] about “Mixed bag” growth for Agility
Amristar perishables centre collects dust
At a time when airports across India are crying out for cargo facilities, one airport – Shri Guru Ram Das Ji International Airport in India’s northwestern city of Amritsar – boasts a specialised perishable cargo facility that lies unused because of lack of connectivity. “Fresh vegetables and fruit, industrial products, trade and commercial consignments were being directly hauled by air to various destinations, thus providing opportunities for export to farmers and businessmen alike,” said … [Read more...] about Amristar perishables centre collects dust
B&H Worldwide launches AOG logistics centre
Specialist aerospace logistics provider B&H Worldwide has extended its AOG service to cover its entire global operation. Based at London’s Heathrow airport the new B&H 24/7 Critical Logistics Centre is a permanently staffed single point of contact for all customers needing expert critical logistics assistance wherever they are located in the world. The centre becomes fully operational on 1 August 2015. Says B&H’s Group CEO, Stuart Allen: “When a customer calls us at 3am to ask … [Read more...] about B&H Worldwide launches AOG logistics centre
B&H Worldwide launches AOG logistics centre
Specialist aerospace logistics provider B&H Worldwide has extended its AOG service to cover its entire global operation. Based at London’s Heathrow airport the new B&H 24/7 Critical Logistics Centre is a permanently staffed single point of contact for all customers needing expert critical logistics assistance wherever they are located in the world. The centre becomes fully operational on 1 August 2015. Says B&H’s Group CEO, Stuart Allen: “When a customer calls us at 3am to ask for … [Read more...] about B&H Worldwide launches AOG logistics centre
CEVA sees positive Q2, creates Project Log div
CEVA Holdings, one of the world’s leading non‐asset based supply chain management companies, reported results for the three months ended 30 June 2015 with an adjusted EBITDA up 25 per cent year-on-year (up 31.7 per cent in constant currency). “The company turned in a solid second quarter performance in the face of several industry headwinds and significant exchange rate fluctuations,” it added. Second quarter revenue of US$1.776 billion was up 0.3 per cent year-on-year (y-o-y) in constant … [Read more...] about CEVA sees positive Q2, creates Project Log div
