International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit
logistics
Panalpina more than doubles EBIT
Panalpina finished the year 2014 on expectations. It more than doubled its EBIT to CHF 116.7 million (approx. US$12.90 million) in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million. Panalpina grew air freight volumes slightly ahead of the market and clearly outperformed the market in ocean freight. Significant progress was made in logistics, with the turnaround ahead of schedule. “In 2014, we executed on our clearly laid out … [Read more...] about Panalpina more than doubles EBIT
CEVA wins FIAMM distribution contract in Italy
FIAMM, a manufacturer of batteries and horns for automotive and industrial use, has appointed CEVA Logistics to manage the distribution in Italy of three product groups: standby batteries, starter batteries and horns. CEVA will be responsible for the picking of products at FIAMM’s warehouses in Almisano, in the province of Vicenza, and Veronella, in the province of Verona; it will also undertake deliveries to end customers. Under a new two-year agreement, CEVA will handle around 19,000 … [Read more...] about CEVA wins FIAMM distribution contract in Italy
DHL, UNDP prepare for disaster relief logistics
Deutsche Post DHL and the United Nations Development Programme (UNDP), in partnership with the Ministry of Disaster Management and Ministry of Civil Aviation, kicked off a disaster preparedness initiative " Get Airports Ready for Disaster " (GARD) workshop in Colombo . The four-day workshop will be held from 2 to 5 December 2014, and will provide training to 34 Bandaranaike International Airport (BIA) personnel to effectively deliver and support vital relief operations in the aftermath of a … [Read more...] about DHL, UNDP prepare for disaster relief logistics
Savage Acquires Trans Dynamics
Savage, a supply chain solutions company, has acquired third-party logistics company Trans Dynamics, a provider of over-dimensional, intermodal, LTL and specialised logistics services. With offices in Atlanta and Chicago, Trans Dynamics has extensive carrier relationships across the country and works with customers that are small, medium and large volume shippers to manage freight transportation across a variety of industries. “We’ve provided logistics services for decades, but … [Read more...] about Savage Acquires Trans Dynamics
GAC Marine shifts central office to Singapore
In a move that brings it closer to key Asian markets, ship spares logistics specialist GAC Marine Logistics (GML) has relocated its head office to Singapore. The Asia Pacific region is home to a large number of ship owners and ship management companies who take advantage of the GML door-to-deck sourcing and delivery solution. By moving the company’s central hub from Dubai in the UAE to Singapore, GML is placing itself at the heart of that growing market as well as in the same time … [Read more...] about GAC Marine shifts central office to Singapore