air freight

Czech Air completes sale of its cargo terminal

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Central European Handling has acquired Air Cargo Terminal in Prague from Czech Airlines after it posted the highest bid in an electronic auction. The unspecified price, was said to “significantly” exceed ACT’s book value according to a statement from Czech Airlines. Shareholders will vote on the sale of the 100 per cent equity share in ACT in July. Czech said the aim of the divestment was to gain funds required for “the bridging of a financially complicated period … [Read more...] about Czech Air completes sale of its cargo terminal

SAS Group sells Newco to Teinver

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The SAS Group has agreed to sell its 55 per cent stake in the Spanish ground handling company Newco Airport Services to Teinver. Teinver will hold 100 percent of Newco after the transaction. “The divestment is a part of Strategy 2011 launched in June and this is the first part to be completed. We are confident that the new majority owner will continue to develop the business in a growing Spanish market”, says Mats Jansson, SAS Group President & CEO. … [Read more...] about SAS Group sells Newco to Teinver

Swissport sells ULD subsidiary

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Swissport International, a leading provider of ground handling services to the aviation sector, has announced its intention to sell a majority shareholding in its ULD management subsidiary Unitpool Ltd. to Aviation Services Holding (ASH) effective 24 October. Swissport said Unitpool will continue to develop and tap new markets in the international air transport sector under the leadership of Dr Ludwig Bertsch (of ASH) as Chairman and David Harman who remains as CEO. Unitpool, which … [Read more...] about Swissport sells ULD subsidiary

DHL launches logistics campus in Germany

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Deutsche Post World Net’s contract logistics division DHL Exel Supply Chain is to open a Logistics Campus in Unna in North Rhine-Westphalia, designed especially for brand manufacturers of cosmetics and cleaning agents. Initially covering 645,000 sq. feet, the first customers involved will be Colgate- Palmolive and Johnson & Johnson. Reckitt Benckiser will move in in the mid of 2008 when 215,000 sq. feet will have been added to the campus. “Th e Logistics Campus is the concept … [Read more...] about DHL launches logistics campus in Germany

Kuehne+Nagel net profit up 30%

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Swiss logistics company Kuehne+Nagel posted a 30 per cent rise in nine-month net profit recently, boosted by strong performances in its sea and airfreight divisions. Net profit rose to 408 million Swiss francs (US$348.4 million) from 314 million francs in the same period a year ago. Kuehne+Nagel, which is looking for buyers for its overland unit, aims to continue to grow at double the market average in sea- and airfreight in 2007 and 2008. Kuehne+Nagel, which competes with Deutsche … [Read more...] about Kuehne+Nagel net profit up 30%

Schenker’s Iberian push

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The acquisition and integration of Spanish logistics services provider Spain- Tir by Schenker is now complete, resulting in a network of 72 new locations for procurement and distribution on the Iberian Peninsula, the group said recently. “By linking Spain-Tir’s strong national network and its international transport operations with the closely linked transport network of Schenker, we are giving our customers a clear competitive advantage,” emphasizes Hans-Jörg Hager, … [Read more...] about Schenker’s Iberian push