Air cargo volumes in the Middle East recorded the strongest growth in September than in other region, according to new data released by the International Air Transport Association (IATA). Cargo volumes carried by the region’s carriers grew by 17 per cent YoY, while capacity expanded 14.5 per cent. The region was well ahead of its geographic rivals with Africa showing the next best growth in September of 11.5 percent. Globally, IATA said air freight demand in September, measured … [Read more...] about Middle East air cargo surges 17% in September
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NOL reduces YTD core EBIT loss
Singapore-based NOL group has reported a net loss of US$23 million in the third quarter of 2014, and for the year to date a core EBIT shortfall of US$59 million, 31 per cent less than for the same period last year. The company stated that its cost management and efficiency drive delivered US$290 million of cost savings year-to-date. The cuts in expenditure were primarily achieved through a more efficient fleet and network optimisation. However, these savings were largely offset by lower rates, … [Read more...] about NOL reduces YTD core EBIT loss
Tom Jones joins CEVA as automotive chief
CEVA Logistics has appointed Tom Jones as senior vice president automotive operations – North America. He joins CEVA after a 25 year career at Ryder where he most recently served as senior vice president Supply Chain Solutions with responsibility for the company's automotive, high tech, retail and consumer packaged goods sectors. During his tenure there, he had P&L responsibility for logistics which included the management of the flow of goods from acquisition to raw materials … [Read more...] about Tom Jones joins CEVA as automotive chief
UPS enhances cryogenic logistics service
UPS has announced the launch of UPS Temperature True Cryo, which further broadens the scope of UPS temperature-sensitive shipping offerings to include cryogenic solutions for UPS healthcare customers. The service includes real-time tracking and intervention services, which, when combined with UPS's proactive monitoring, risk mitigation solutions and global network of control towers, will provide complete visibility for cryogenic shipments at every stage of the supply chain journey. The … [Read more...] about UPS enhances cryogenic logistics service
Kerry Logistics wins logistics provider of the year
Kerry Logistics has been named Global and Regional Logistics Provider of the Year at the Payload Asia Awards in Singapore. This makes Kerry Logistics the first company to win both the global and regional awards in the logistics category, as well as the first Hong Kong company to be crowned with this global accolade.​ The Payload Asia Awards recognise organisations that have made a difference in the air cargo and supply chain industry through market adeptness, innovative products or … [Read more...] about Kerry Logistics wins logistics provider of the year
Goodman to develop hub for Best Logistics
Goodman Group, the global integrated property group which owns, develops and manages industrial space, is pleased to announce that it has secured a brownfield site in the Nanjing Jiangning Economic and Technology Development Zone, with the site to be named Goodman Nanjing Airport Logistics Centre. Goodman has simultaneously signed a second agreement with Best Logistics to develop a 76,400 sqm built-to-suit facility, comprised of two warehouses and a separate amenity centre. Located in Nanjing … [Read more...] about Goodman to develop hub for Best Logistics
