HONG KONG listed SITC International Holdings Co Ltd has posted a first quarter net profit increase of seven per cent to US$25.1 million drawn from quarterly revenues of $242.9 million, up 24 per cent year on year. First quarter container volume also increased 11.9 per cent to 347,467 TEU with 12 per cent increase in revenue per TEU to $542.1 per unit. SI...
Dutch mail and express group TNT NV said its first quarter net profit declined 14 percent as its express business had difficulties passing on higher fuel costs, under-utilisation of its air fleet and continuing integration issues in Brazil, while its mail business' profit remained under pressure from lower addressed mail volumes. First quarter underlying...
FedEx Express is building a new regional hub within the Air Cargo Express (ACE) hub at Singapore’s Changi Airport. The facility will enhance FedEx customers’ access to global markets and support Singapore’s aim to be a leading air cargo hub in the region. The 282,700 sq foot integrated FedEx operating facility is the second largest o...
Research and development undertaken as part of FLAGSHIP, a part EU-funded maritime transport project is set to directly benefit logistics firms. Powerful vehicle routing and scheduling software called FAST which was developed by MJC², a provider of real-time logistics scheduling software, is to be made available to UK small and medium enterprises (SMEs...
IN the first three months, southwest China's Chongqing airport saw robust growth in both cargo and passenger volume. During this period, it handled 8,960 batches of imports and exports, up 80.3 per cent year on year with cargo value soaring 235.9 per cent to US$571 million. Xinhua's report said the sharp growth in cargo volume was a result of increase ...
NINGBO airport's international express package handling centre has passed the customs inspections and will soon be operational, Xinhua reports. The facility is on the ground floor of the Ningbo airport customs clearance centre building, covering a floor area of about 1,000 square metres, and is said to be able to handle 10,000 tonnes of cargo a...
HONG KONG's Royale International Group, an independent express company based in Asia Pacific, has announced the official opening of its corporate offices in Dusseldorf and Frankfurt. "The continued, aggressive international expansion is designed to capitalise on the growing demand for its global courier solutions," a company statement said. The new of...
WITH the latest accreditation of 20 additional stations worldwide as Qualified Envirotainer Providers (QEP) - almost half of them in Asia - Panalpina now has a total of 43 Envirotainer accredited locations in 27 countries to meet "soaring demand" for freight forwarding temperature sensitive pharmaceuticals. Panalpina said it gained this latest accreditati...
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