English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

New pool for Brambles

PULLACH, Germany. May 03, 2016. IFCO Systems, part of Brambles, a ULD pooling company that includes CHEP, has acquired Empacotecnia SAS, a provider of reusable plastic crate (RPC) pooling services based in Colombia. Terms of the transaction were not disclosed.

Empacotecnia generated sales of US$3.3 million from six million RPC rentals last year. Founded in 2006, the company has seven service centers in Colombia serving major retailers Grupo Exito and Cencosud Colombia.

IFCO Systems CEO Wolfgang Orgeldinger said: “This acquisition complements our strong organic growth in South America by adding a successful market leader with strong financial returns and a promising growth outlook to the IFCO family.”

IFCO operates a pool of over 225 million RPCs in 37 countries to move perishables from producers to grocery retailers.


Part-sale of DB Schenker

BERLIN: May 04, 2016. Deutsche Bahn is to develop an implementation plan for a third-party minority holding in DB Arriva and DB Schenker. A final decision will be made later in the year according to a statement.

Chairman of the company’s supervisory board Utz-Hellmuth Felcht commented: "If we don't take action, the group's debt will increase substantially by 2020. A third-party equity interest limits the level of debt and creates the financial scope necessary to continue the quality and investment campaign in Germany

Felcht said for the next four years, €50 billion or 90 percent of the group’s total investment, will be spent on German rail operations with €20 billion being financed through internal resources. DB management board chairman Rüdiger Grube added: "Our express intention is for DB Arriva and DB Schenker to continue to be fully consolidated in DB's balance sheet."


TNT says goodnight to Innight

TNT INNIGHTAMSTERDAM: May 04, 2016: TNT Express is to sell its overnight distribution subsidiary TNT Innight to the private equity firm Special Situations Venture Partners III (SSVP). Terms have not been disclosed and the deal is expected to close in the third quarter of 2016.

The company said the sale is motivated by the need to concentrate its resources on strengthening core express delivery activities.

TNT Innight was founded in 1964 as Kutzner NachtExpress Termindienst in Munich (right) and thus claims to have pioneered the overnight delivery business in Europe. TNT acquired the company in 1996 and currently provides distribution services to automotive, agriculture, healthcare and engineering companies. Due to customer requirements Innight operates its own network separate from TNT Express using 2,600 vehicles from 40 facilities in Northern and Central Europe.

Founded in 2001, SSVP manages a portfolio of seven companies with annual worldwide revenues of €1.5 billion. The company intends to operate TNT Innight under a new brand name.


Tough to make an airline profit from cargo...

GENEVA: May 04, 2016. IATA says its members reported a 2.0 percent drop in traffic - as measured in freight tonne-kilometers - in March while capacity rose 6.9 percent compared to the same period last year.

The weak results reflect subdued growth in world trade with the most significant fall in demand in Asia-Pacific and North America.  Combined they account for some 60 percent of global freight traffic and reported monthly declines of 5.2 percent and 1.8 percent respectively.

"It is shaping up to be another tough year for air cargo. February 2016 world trade volumes were only 0.4 percent higher than at the end of 2014. And the expectations of purchasing managers give little optimism for an early uptick. The combination of fierce competition, capacity increases and stagnant demand makes this a very difficult environment in which to generate profits," said Tony Tyler, IATA’s director general and CEO.


…unless you’re a lessor

DUBLIN: May 05, 2016. LCI, the aviation subsidiary of the Libra Group, has provided ACT Airlines two B747-400 freighters for an ACMI operation on behalf of Qatar Airways and Saudia, Saudi Arabian Airlines.

Istanbul-based ACT Airlines, popularly known as myCARGO, is 49 percent owned by China’s HNA Group. The company operates a fleet of eight B747-400F/ERF aircraft on its own behalf as well as other airlines.

LCI executive chairman Crispin Maunder commented: “The demand for air cargo is beginning to show signs of revival again and LCI intends to play an important role going forward in this market, providing good quality dedicated freighters, such as factory-built Boeing 747-400F freighter aircraft, on lease to existing and new customers around the world.”


 

News

Written on 15/02/2018, 17:39
first-uae-built-satellite-nears-launch-dateDUBAI: February 15, 2018. The first satellite developed and built at the Mohammed Bin Rashid Space Centre (MBRSC) by Emirati engineers has been flown to...
Written on 14/02/2018, 22:30
saudi-arabia-and-uae-provide-mobile-lift-for-yemen-aid-programSANA'A, Yemen. February 12, 2018. Prior to disbursing US$1.0 billion in humanitarian aid to Yemen next month, Saudi Arabia and the UAE recently arranged...
Written on 14/02/2018, 16:09
master-showjumpers-travel-in-styleHONG KONG: February 14, 2018. The latest Longines Masters equestrian event ended last weekend with a Grand Prix win by France's Patrice Delaveau on his...
Written on 12/02/2018, 18:37
humanitarian-logistics-databank-launchedDUBAI: February 11, 2018. The Humanitarian Logistics Databank, an information-sharing platform for aid agencies, has been launched by Princess Haya bint...
Written on 10/02/2018, 23:29
gac-to-manage-yamal-lng-icebreaker-fleetSABETTA PORT, Russia. February 09, 2018. The Yamal LNG gas project has appointed GAC Russia to manage its fleet of icebreaker tankers at Sabetta for the...
Written on 09/02/2018, 18:26
drones-about-to-take-off-in-singaporeSINGAPORE: February 07, 2018. Airbus has partnered with the Civil Aviation Authority of Singapore and Singapore Post to test its Skyways package delivery...
Written on 06/02/2018, 15:55
singapore-tops-new-belt-road-indexSINGAPORE: February 05, 2018. According to an index of real estate prospects in 67 countries along China's Belt & Road Initiative (BRI), Singapore,...
Written on 04/02/2018, 21:56
record-profit-for-amazon-undermines-the-need-for-tax-breaksWASHINGTON, DC: February 01, 2018. A report from the U.S. Economic Policy Institute (EPI) concludes Amazon fulfillment centers do not boost overall...
Written on 04/02/2018, 21:27
tiaca-adopts-new-vision-with-makeoverMIAMI: January 31, 2018. The International Air Cargo Association has announced a new vision that includes more training and consultancy projects to ensure...
Written on 04/02/2018, 20:26
cartel-members-fined-169-millionLUXEMBOURG: February 01, 2018. The Court of Justice of the European Union has upheld €169 million in fines originally imposed by the European Commission...
Written on 01/02/2018, 20:16
iata-confirms-a-record-year-for-air-cargoGENEVA: January 29, 2018. IATA reports a 9.0 percent year-on-year increase in freight tonne-kilometers (FTKs) in 2017, noting it was the strongest...
Written on 28/01/2018, 18:01
us-4-5-trillion-circular-economy-goes-mainstreamDAVOS, Switzerland: January 24, 2018. BMW has joined 29 major corporations with collective annual revenues of US$1.3 trillion in supporting a circular...
Written on 27/01/2018, 01:21
low-marks-for-russian-corporate-transparencyMOSCOW: January 25, 2018. Transparency International (TI) Russia has published a first-ever study on the financial transparency of 200 Russian companies...
Written on 27/01/2018, 00:09
boeing-loses-bombardier-anti-dumping-caseWASHINGTON, DC: January 26, 2018. In a blow to the Trump administration and Boeing, the U.S. International Trade Commission (ITC) has ruled unanimously...
Written on 26/01/2018, 21:28
ndia-s-gst-expected-to-reduce-tax-ratesKUWAIT CITY: January 25, 2018. According to the latest survey of global logistics executives by Agility, India's GDP is accelerating again after early...
Written on 23/01/2018, 20:30
logistics-industry-optimism-for-emerging-marketsBAAR, Switzerland: January 22, 2018. Emerging markets have ignored growing populism in the U.S. and parts of Europe to "look brighter than they have in...
Written on 22/01/2018, 18:23
u-s-imposes-mandatory-air-cargo-screeningWASHINGTON, DC: January 22, 2018. The U.S. Transportation Security Administration (TSA) has issued an emergency order requiring airlines flying to the...
Written on 18/01/2018, 20:29
extreme-weather-is-world-s-greatest-economic-risk LONDON: January 17, 2018. The latest Global Risks Report from the World Economic Forum (WEF) says extreme weather events are seen as the greatest...
Written on 18/01/2018, 15:17
amazon-shortlists-20-u-s-cities-for-second-headquartersSEATTLE: January 18, 2018. Amazon has chosen 19 U.S. cities plus Toronto, Canada from 238 locations across the U.S., Canada, and Mexico as possible sites...
Written on 17/01/2018, 21:42
seat-builds-spain-s-tallest-logistics-warehouseBARCELONA: January 15, 2018. Car manufacturer SEAT (Sociedad Española de Automóviles de Turismo) is constructing a new automated logistics center to store...

- powered by Quickchilli.com -