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Media
DALIAN'S China Railway Tielong Container Logistics has recorded a 64 per cent year-on-year increase in first quarter net profit to CNY116.28 million (US$17 million). The company's operating revenue rocketed 113 per cent to CNY574 million, largely on the back of property earnings and improved railway operations, China Knowledge reported. Total revenue fo...
Ripley, one of Chile’s top retailers of apparel, accessories and home products, has chosen Kuehne + Nagel as provider for their global order management. Under the agreement, Kuehne + Nagel will be responsible for the global order management of Ripley’s international sourcing. The contract includes freight management and value-added consolidati...
CWT reported 27 percent growth in first quarter earnings to US$8.4 million and a 12 percent growth in operating net profit at $6.5 million. The company attributed the growth to higher revenue and profitability contributed by its warehousing and defence logistics business following the acquisition of Force 21 in January 2010. Source: Cargo News Asia
Echo Global Logistics reported net revenue increased 55 percent in the first quarter ending March 31 to US$17 million compared to $11 million in the first quarter of 2009. This increase was driven by growth in total revenue, partially offset by lower margins due to tightening truckload capacity and an increase in truckload revenue as a percentage of total...
AIRBRIDGECARGO Airlines has extended its route network into Seoul, Korea with the launch of a weekly Boeing 747 freighter cargo service from Frankfurt. The weekly flight will deploy a 747-400ERF every Sunday to the Korean city via the airline's hub at Moscow's Sheremetyevo Airport and Narita in Tokyo. Its major freight commodities are predicted to be hi...
AMERICA's second-biggest air cargo hub, Alaska's Anchorage airport says new stopovers and rising demand for fuel may be signs of an economic improvement, reports The Associated Press. Airport manager Ted Stevens said the latest sign was the return of Cargolux Airlines, of Luxembourg, which recently began twice weekly refuelling stops in Anchorage, the f...
MACAU's airport handled 7,592 tons of outward air freight in the first quarter of 2010, an increase of 60 per cent compared to the same quarter a year earlier, according to the city's Statistics and Census Service (DSEC). The main destination of Macao's outward cargo was Taiwan, accounting for 71 per cent of the total, reports Xinhua. Inward air carg...
SUPPLY chain specialists Panalpina World Transport has opened a dedicated logistics centre for the oil and gas industry at Loyang Offshore Supply Base in Singapore. A stone's throw from the company's primary Singapore hub, the new terminal offers 7,000 square metres of indoor storage facilities and 14,000 square metres in open yard space, raising Panalp...
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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