Etihad Crystal Cargo will roll out its new Xpress2D express-to-door delivery service to customers in Asia and the Middle East by the end of the year. The service was earlier launched in North America and Europe in July. The service – which covers shipments from origin airport to factory gate, including all transport and customs clearance – also includes loading priority for shipments via Abu Dhabi which can be tendered anywhere in the network up to 120 minutes prior to the … [Read more...] about Etihad to launch Asia, ME express service
express
TNT to acquire Brazilian delivery partner
TNT has announced the signing of an agreement to acquire Expresso Araçatuba Transportes e LogÃÂstica S.A., a key delivery partner of TNT Mercúrio in Brazil's Central West and North regions since 2001. TNT will acquire 100 per cent control of the company with effect from the closing date of the €54 million transaction which is expected by early May, it said in a statement. "This acquisition is a logical next step to building a pan-Brazilian network. On top of strengthening … [Read more...] about TNT to acquire Brazilian delivery partner
TNT to acquire Brazilian delivery partner
TNT has announced the signing of an agreement to acquire Expresso Araçatuba Transportes e LogÃÂstica S.A., a key delivery partner of TNT Mercúrio in Brazil's Central West and North regions since 2001. TNT will acquire 100 per cent control of the company with effect from the closing date of the €54 million transaction which is expected by early May, it said in a statement. "This acquisition is a logical next step to building a pan-Brazilian network. On top of strengthening … [Read more...] about TNT to acquire Brazilian delivery partner
FedEx pulls 14 aircraft from service
FedEx Corp is pulling capacity as the ongoing downturn hits its global express business, with the US-based carrier announcing in a notice to the Securities and Exchange Commission earlier this week that it will remove 10 Airbus A310-200s, four Boeing MD10-10s from service between now and the end of the quarter ending May 31. "This decision reflects management's ongoing efforts to optimise the company's express network in light of continued excess aircraft capacity due to weak economic conditions … [Read more...] about FedEx pulls 14 aircraft from service
TNT and Con-way strike new partnership
TNT and Con-way Freight announced a partnership to link their respective road networks in Europe and the US, in what they say will translate to cost-effective, high quality express freight services between both sides of the Atlantic. The agreement establishes Con-way Freight as TNT's primary road transportation partner for deliveries of 'Economy Express' parcels and freight across the US. Similarly, Con-way Freight's network will be linked to TNT's global air network and Express Road Network, … [Read more...] about TNT and Con-way strike new partnership
TNT reports 60% fall in 4Q profits
Dutch mail and express company TNT reported a 60 per cent fall in profit for the fourth quarter this week citing restructuring charges and worsening business conditions, especially in its express delivery arm. Net profit at Amsterdam-based TNT was €207 million, down from €250 million in the same period a year earlier. Sales fell 2.4 per cent to €2.93 billion. The company took €146 million in charges during the quarter to restructure both its mail and express divisions, … [Read more...] about TNT reports 60% fall in 4Q profits
