Kerry Logistics Network Limited announced the Group’s interim results for the six months ended 30 June 2024. Group’s Financial Highlights Revenue* grew by 10% year-on-year to HK$25,432 million (2023 1H: HK$23,197 million) Core operating profit* increased by 11% to HK$1,200 million (2023 1H: HK$1,078 million) Core net profit* also increased by 5% year-on-year to HK$606 million (2023 1H: HK$575 million) Profit attributable to the Shareholders for 2024 1H was HK$831 million (2023 … [Read more...] about Kerry Logistics Network posts 126% growth in profit
e-commerce logistics
CargoAi accelerates on CargoWALLET with the appointment of fintech veteran Olivier Veyrac
Launched in February 2023, CargoAi’s CargoWALLET has quickly gained traction and today facilitates cargo payments in over 47 currencies. The freight industry’s fastest growing digital enabler has now appointed global payment expert, Olivier Veyrac as its Senior Vice President for CargoWALLET. Over the last 18 months, CargoWALLET has been adopted by 5,000+ Airlines, Freight Forwarders, GHAs and logistic service providers. With CargoWallet, CargoAi freight professionals can now pay from 150 … [Read more...] about CargoAi accelerates on CargoWALLET with the appointment of fintech veteran Olivier Veyrac
Militzer & Münch opens country unit in India
Logistics group Militzer & Münch is on a strategic growth path in Asia: a new country unit in India, registered under the name of M&M Militzer and Muench (India) Private Ltd., started operations on August 5. The new company focuses on air and sea freight – with a particular focus on the pharmaceutical industry and AOG services – as well as project logistics. Militzer & Münch India handles road transportation, air and sea freight, and project logistics for its customers, both … [Read more...] about Militzer & Münch opens country unit in India
Strong air cargo demand growth extends into July, per IATA
The International Air Transport Association (IATA) released data for July 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 13.6% compared to July 2023 levels (14.3% for international operations). This is the eighth consecutive month of double-digit year-on-year growth, with overall levels reaching heights not seen since the record peaks of 2021. Capacity, measured in available cargo … [Read more...] about Strong air cargo demand growth extends into July, per IATA
Etihad Cargo’s cutting-edge solutions bridge the gap between East and West for high-value shipments
In the ever-evolving landscape of global logistics, ensuring the safety and security of high-value is paramount. Etihad Cargo, a leader in the air freight industry, continuously enhances its security measures to meet the demands of transporting valuable goods. By leveraging specialised products, technological advancements, and strategic partnerships, Etihad Cargo remains at the forefront of secure cargo handling. Added security when transporting high-value goods In the context of evolving … [Read more...] about Etihad Cargo’s cutting-edge solutions bridge the gap between East and West for high-value shipments
Asia Pacific airlines report strong growth in passenger and cargo demand for July 2024
Preliminary July 2024 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed healthy growth in international air passenger markets. Regional initiatives to encourage travel continued to yield positive results, with the relaxation of visa policies underpinning a significant rise in leisure travellers during the peak summer holiday season. For the month, a total of 31.9 million international passengers were carried by Asian airlines, representing a 22.6% … [Read more...] about Asia Pacific airlines report strong growth in passenger and cargo demand for July 2024