Panalpina kept up overall profitability in the first nine months of 2014. Undeterred by ongoing restructuring, group gross profit and EBIT both increased 1 per cent (currency adjusted +6 per cent and +4 per cent), reaching CHF 1,178.7 million and CHF 94.4 million respectively. EBIT loss in Logistics was reduced drastically to CHF 6.9 million for the period of January to September (down from CHF 26.8 million in the same period of 2013). Air freight and ocean freight volumes grew 4 per cent and 8 … [Read more...] about Panalpina delivers stable profits during turnaround
logistics
U-Freight expands HK warehouse
The U-Freight Group (UFL) is expanding the operations of its logistics subsidiary in Hong Kong and has brought the operations of its airfreight import and export departments into one location in the Special Administrative Region (SAR). At the U-Freight facility in Tsing Yi, the freight forwarding company is adding a further 39,000 sq ft of warehousing to its existing 39,000 sq ft Hong Kong warehouse, targeted at retail logistics, as well as pick and pack operations for the electronics … [Read more...] about U-Freight expands HK warehouse
SPARX enters Latin American market
Transportation and logistics company SPARX logistics sets up a joint venture with Patagon Logistics. SPARX will establish a firm base of business in Chile, one of the strongest and most stable economies in the Latin American market. “Chile is an excellent point of entry for SPARX,” commented David Pupco, president Americas. “It’s a great country, and a good strategic location within the region. In addition to serving accounts based in Chile, one of the objectives of … [Read more...] about SPARX enters Latin American market
DHL Supply Chain unveils €90m Singapore facility
DHL Supply Chain has its unveiled its latest investment in Southeast Asia at a ground breaking ceremony at Singapore's Tampines LogisPark. The new DHL Supply Chain Advanced Regional Centre is an integrated build-to-suit (BTS) logistics warehouse facility worth more than €90 million. The total amount is a combined investment of approximately €23 million from DHL and over €70 million from Cache Logistics Trust, the appointed logistics real estate solutions provider. … [Read more...] about DHL Supply Chain unveils €90m Singapore facility
India’s logistics sector to hit US$200 billion by 2020
India's logistics sector is likely to cross the US$200 billion by 2020, the country's Minister of State for Road Transport Sarvey Sathyanarayana said recently. "The connectivity and the convenience in operations is the key for sustaining the global trade growth. Currently India's logistics sector is valued at around US$125 billion and is likely to cross the US$200 billion by 2020," he said. He added that the government's increased spending on infrastructue development and greater … [Read more...] about India’s logistics sector to hit US$200 billion by 2020
India's logistics sector to hit US$200 billion by 2020
India's logistics sector is likely to cross the US$200 billion by 2020, the country's Minister of State for Road Transport Sarvey Sathyanarayana said recently. "The connectivity and the convenience in operations is the key for sustaining the global trade growth. Currently India's logistics sector is valued at around US$125 billion and is likely to cross the US$200 billion by 2020," he said. He added that the government's increased spending on infrastructue development and greater … [Read more...] about India's logistics sector to hit US$200 billion by 2020