Frost & Sullivan is expecting the transportation & logistics market to grow with expected CAGR 15.2 per cent in 2015. Gopal R, global vice president, transportation & logistics practice at Frost & Sullivan said that the industry is set to record strong double digit growth over the forecast period due to the continuous growth of the Indonesian economy driven by resilient domestic demand. Gopal R is expecting strong private consumption growth, higher trade growth, lower … [Read more...] about Indonesia's logistics industry to grow at 15.2%
logistics
Logistics elevates Panalpina’s Q1 profit
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 elevates Panalpina’s Q1 profit
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
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
