TNT Express said it has launched, what it described as "the industry’s fastest express service in Asia". Termed the Emergency Express service, the service ensures that a customer’s urgent overseas shipments get out on the fi rst available fl ight and is timed around a customer’s schedule with 24X7 immediate response and pick up. TNT said that its latest innovation taps on the growing demand for even speedier express services as there is a strong need to maintain … [Read more...] about TNT launches Emergency Express
airways cargo
FedEx net profit up 12 percent
FedEx Corp reported a net profi t of $2.02 billion for fi scal year ended May 31, up 12 percent from the $1.81 billion earned in the yearearlier period. The company credited the result to "strong" volume growth at its FedEx Ground segment and "continued" revenue growth for FedEx Express International Priority products. Chairman, president and CEO Frederick Smith called the profi t"solid", but added that thecompany was "restrained bya slowing US economy. … [Read more...] about FedEx net profit up 12 percent
DHL buys stake in ASTAR Air Cargo
DHL has acquired a 49 percent minority equity interest and a 24.9 percent voting interest in Miami-based ASTAR Air Cargo. DHL also extended its ACMI contract with the carrier through 2019. The fi nancial terms of DHL’s investment in Astar were not disclosed. DHL has contracted under its current ACMI arrangement with Astar for air transportation services since 2003, when an investment group led by Astar chairman, president, and CEO John Dasburg purchased Astar. Astar operates a fl eet of 44 … [Read more...] about DHL buys stake in ASTAR Air Cargo
time~matters opens new branch offices
time:matters said it has opened a new branch offi ce in Vienna, which will also provide services to Slovakia and Slovenia; and a new sales offi ce in Shanghai. Following Switzerland, Austria is the second European country in which time: matters is represented by a subsidiary. The Shanghai offi ce is the company’s second branch in East Asia – the fi rst being in Manila. The goal of the sales activities in China is to utilise the Chinese market’s dynamic growth to … [Read more...] about time~matters opens new branch offices
DHL opens larger facility at Kansai
DHL has inaugurated its new 5 billion yen (US$41 million) expanded facility at Kansai International Airport, part of the express company’s commitment to invest almost 11 billion yen in Japan in the next few years. The 10,100 sqm DHL Kansai International Airport Gateway, located at the International Cargo Warehouse C, is the largest facility operated by an international express company at the airport. … [Read more...] about DHL opens larger facility at Kansai
Temasek buys into India’s First Flight
Singapore governmentowned investment company, Temasek has taken a 27.74 percent equity stake in First Flight, a courier and express delivery company based in Mumbai, India. The deal is reported to be valued at Rs 107.5 crore. The funds raised by the transaction would enable First Flight to expand its aviation and warehousing businesses. Established in 1988, First Flight offers traditional courier services, as well as surface and air cargo services. … [Read more...] about Temasek buys into India’s First Flight