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KUEHNE + NAGEL Group has announced a 12 per cent profit increase to CHF169 million (US$163 million) in third quarter, while revenue remained unchanged at CHF4.38 billion compared to previous quarter. Its operating profit (EBITDA) grew 7.5 per cent to CHF746 million in first nine months compared to the same period last year and net earnings improved 16 p...
DURING the five-year period from 2011 to 2015, Tibet plans to pour CNY49.9 (US$7.5 billion) on its traffic infrastructures, Xinhua reported. Tibet is aiming at raising the mileage of roadways to 70,000 kilometres by 2015 and to use asphalt surface on the five of its national highways and roads connecting major towns and villages. It also plans to build ...
A CNY2.5 billion (US$375.2 million) logistics park covering 1.25 million square metres will be built in Tianjin's coastal industrial area, the Binhai New Area, reports Xinhua. CNY800 million will be spent on the start-up phase this year. According to the plan, the facility will hold warehousing and distribution centres for sea and rail cargo transshipm...
FRENCH dockers, truckers and railway workers continued demanding a government withdrawal of its delayed pension reform, crippling the Port of Le Havre, France's top container hub, and Marseille, the country's largest port by tonnage. Additionally, dockworkers at Marseille's Fos-Lavera oil terminal have joined the strike due to dispute over privatisat...
Strong cargo demand helped Asiana Airlines swing to an operating profit in the third quarter, the carrier said in a statement. "Cargo deliveries of semiconductors, displays and automobile parts remained strong, helping the bottom line," Asiana said. South Korea's number two airline company by sales, reported an operating profit of US$214 million fo...
KLM Royal Dutch Airlines, the sole carrier that operates long haul flights between Manila and Europe, said it may halt its Philippine operations due to local tax policies. This comes as the government has continued to slap taxes on outbound passenger and cargo revenues of several foreign airlines whether or not the tickets were sold in the country, the ...
TNT airlifted 110 metric tonnes of food aid to Karachi at the weekend to supply the Pakistani food assistance missions of the United Nations World Food Programme (WFP). The airlift supplements the facilities TNT already provides in Pakistan such as warehouse space and the necessary resources to operate these warehouses. The shipment of Plumpy’...
COMSEC INTERNATIONAL, a TSA certified Independent Cargo Screening Facility (ICSF) for the air cargo industry, says it has met the requirements of the 100 per cent screening mandate in the US. This comes as ComSec has begun offering advance screening technology for pharmaceutical and biotech air freight shipments. "We offer a viable option to achieve the...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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