Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline 9 per cent to KWD 821.0 million (US$2.87 billion) compared with the same period a year earlier, but net profit rose three per cent to KWD 74.9 million. … [Read more...] about H1 revenue falls for Agility, but net profit up 3%
logistics
Shortage of skilled labour in Viet logistics
As the country’s economy expands under integration with the World Trade Organisation (WTO) regime, there is a pressing need to grow the size and quality of the supply chainworkforce, say industry insiders. In 2000 there were only a handful of Vietnamese enterprises involved in logistics, but that number has now swelled, with hundreds of national companies and joint ventures with overseas companies now active in the freight forwarding and logistics markets. A number of key … [Read more...] about Shortage of skilled labour in Viet logistics
Toll completes BALtrans integration
Australian international logistics group Toll has announced it has completed the integration of BALtrans, the Hong Kong-based worldwide forwarder/logistics provider it acquired in early 2008. Toll, now one of Asia's leading providers of integrated logistics services, said that with effect 1 March, BALtrans has been rebranded as Toll Global Forwarding (TGF). It said TGF would use the new Asian forwarding and logistics operations as a platform to strengthen the Toll network in the Middle East, … [Read more...] about Toll completes BALtrans integration
China aims to up Pearl River Delta competitiveness
The Chinese government has released its plan for the future development of that country's most prosperous region, the Pearl River Delta. Shenzhen, Guangzhou and the other cities of Guangdong have the greatest concentration of economic activity in China and Beijing has mapped out an ambitious plan to keep the economic export engine running smoothly. The ongoing global recession has underscored concern in China over how to maintain growth in the key export sectors of its economy. Faultering demand … [Read more...] about China aims to up Pearl River Delta competitiveness
GWC, Agility Qatar plan to merge
Agility Qatar has announced that it has signed a Memorandum of Understanding to enter into merger discussions with the Gulf Warehousing Company (GWC), a company listed on the Doha Securities Market. The new entity will be called GWC ¨C Agility. "This is clearly a defining moment for both Agility and GWC," said Elias Monem, Agility CEO for Middle East and Africa. "We are entering into a new era of unprecedented growth, and this merger would increase our commitment to development in the State of … [Read more...] about GWC, Agility Qatar plan to merge
GAC opens new logistics office in Warsaw
The GAC Group has opened a new sales office to meet what it says are growing demands for logistics services in Poland. As most of the country's logistics business is controlled in and around Warsaw, GAC has strategically placed its new office right in the centre of the capital - 'the airfreight hub of Poland', according to Gunnar Lundgren, Regional Logistics Manager. The new office joins GAC's two existing bases in Poland, which provide essential sea freight connections from the ports of … [Read more...] about GAC opens new logistics office in Warsaw