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SEATTLE's Expeditors International second quarter net profit increased 67 per cent year on year to US$90.3 million drawn on revenues of $1.5 billion. This was attributed to higher than expected air freight volume, up 54 per cent, and sea freight container volume, which increased 26 per cent. Zacks Equity Research said the logistics provider's reve...
MEMPHIS came on top as the world's busiest cargo airport with Hong Kong coming in second ahead of Shanghai, according to the Airports Council International, the global trade representative for airports. Tennessee's Memphis International Airport was also the biggest in North America because it is the home of FedEx while Louisville, Kentucky, came in th...
CRONOS LTD, a container leasing and management company, said it has received a majority equity investment from funds affiliated with Kelso & Company, a firm specialising in private equity investments. In addition TCG Fund, previously Cronos' largest shareholder, increased its equity investment in Cronos. As part of the overall transaction Crono...
RAILWAY cargo volume of Shanxi province reached 5.03 million tonnes, increased 18.73 per cent year on year to 7.94 million tonnes, reported Xinhua. The largest delivered item was coal, 33.73 million tonnes, accounting for 67.04 per cent of the total cargo volume. Other major delivered items include petroleum, 5.60 million tonnes, showing a year-on-y...
Damco has been selected as logistics provider to Barry Callebaut, one of Ghana’s leading cocoa producers. Barry Callebaut exports 2,500 TEUs of products a year to their main markets in Europe, the US and Asia. Under the agreement, Damco will provide trucking, customs clearance and airfreight services. With the landing of Barry Callebaut, Damco...
THE US Transportation Security Administration (TSA) has designed BioStorage Technologies, a sample management firm and cold-chain pharmaceutical science logistics as a Certified Cargo Screening Facility (CCSF), the company announced. The designation establishes Indianpolis firm as one of the few sample management providers to achieve this clearance leve...
FIFTY-EIGHT airports in the US have gone live with the International Air Transport Association (IATA) e-freight standard on domestic freight by ditching core paper documents with air cargo shipments and streamlining processes, improving speed and reliability, and cutting costs. The IATA e-freight implementation team was led by American Airlines Cargo in...
ATLAS AIR parent, Atlas Air Worldwide Holdings (AAWH), which also owns Polar Air Cargo and Titan Aviation Leasing, has registered a second quarter net profit of US$32.8 million, more than a three-fold improvement over earnings of $10.6 million in the year-ago period. Second quarter revenue rose 48.4 per cent year on year to $356.2 million, while expense...
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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