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Panalpina, the Basel, Switzerland-based freight transport and logistics group, had profit of 76.7 million Swiss francs ($73 million) in the first half of the year, down 29 percent from the first half of 2007. Revenue rose 4.4 percent to 5.2 billion Swiss francs ($4.9 billion). The company said it gained market share in both the air and ocean freight s...
Ozburn-Hessey Logistics has hired Brent Blake as senior vice president of strategic finance, planning and development for its Barthco International division. Blake will focus on developing standard reporting, strategic business planning and analysis, and internal controls and structures. He will also oversee finance for the international business unit...
The Retail Industry Leaders Association on Wednesday commended House and Senate conferees for completing work on product safety legislation and urged swift passage of the conference report. RILA said it urges Congress to act swiftly to move the legislation to the president's desk for his signature. RILA and its members consider consumer safety to ...
Mario Mancuso, the U.S. Commerce Department's undersecretary in charge of the Bureau of Industry and Secretary, has no plans of abandoning national security-related export control programs in the waning days of the Bush administration. He told attendees at the Washington International Trade Association's meeting Wednesday that BIS has an ambitious age...
CEVA Logistics' Contracts Logistics division has developed a commodities transportation project aimed at extending its bulk and freight activities in Brazil. In partnership with BR-S Brasil Sistema Logístico, CEVA will be the only logistics provider to offer Multimodal & Multicargo Containers (MMCs) to the Brazilian market. Developed for the trans...
Russian Railways (RZD) (RTS: RZHD) posted a net profit of 18.8 billion rubles in the first six months of 2008, a decrease of 26.3% compared with the profit in the same period last year, company President Vladimir Yakunin told journalists on Wednesday according to Interfax. The profit last year was inflated with the proceeds from sale o...
A National Academy of Sciences study said the United States should follow Canada's lead and adopt standards identical to those proposed by the International Maritime Organization (IMO) to prevent invasive species from entering the Great Lakes. Transport Canada and the U.S. Coast Guard should ensure that all vessels entering the Great Lakes after opera...
Bulk carrier Sinotrans Shipping rode a wave of Chinese demand for iron ore and coal to a tripling of first half profits, Bloomberg reported Tuesday. Net profit from January through June rose to $190.8 million from $57.6 million during the same period in 2007, the carrier told the Hong Kong Stock Exchange this week. Sinotrans went public in Hong Kong l...
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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