Kintetsu World Express

KWE Malaysia unveils warehouse in Penang Airport FCZ

by Payload Asia

Kintetsu World Express’ Malaysia unit has launched a new warehouse in the free commercial zone at Penang International Airport this week, a press release confirmed. The warehouse, which occupies 9,234 square metres, started operations on 1 February and has a temperature-controlled area suitable for handling precision electronic equipment, medical equipment, and other freight requiring specific temperature and humidity levels. “Penang is a focus for investment by foreign-based corporations … [Read more...] about KWE Malaysia unveils warehouse in Penang Airport FCZ

Global cargo cartel fallout lands in Japan

by Payload Asia

Japan's Fair Trade Commission has notified more than 10 companies that they will be fined about ¥10 billion (US$103.2 million) for operating a cartel on international air cargo services. The FTC believes that the companies, including major distribution and logistics companies Nippon Express Co., Kintetsu World Express Inc. and Yusen Air & Sea Service Co., constrained fair competition by forming a cartel that added fuel surcharges and airport security charges to their air cargo service … [Read more...] about Global cargo cartel fallout lands in Japan

Kintetsu profit declines

by Payload Asia

Kintetsu World Express, Japan's second-largest international forwarder, said it suffered a drop in profit on a consolidated basis between April and December from a year earlier despite revenue growth. Group operating revenue during the first three quarters of fiscal 2008 totaled Â¥221.634 billion yen (US$2.42 billion), up 4 per cent on-year. But group operating, ordinary and net profits all fell because of repeated hikes in fuel surcharges and a sharp decline in the volume of air cargo volumes … [Read more...] about Kintetsu profit declines