Group revenue in the first quarter of 2024 almost stable at EUR 20.3 billion (Q1 2023: EUR 20.9 billion) Operating profit (EBIT) of EUR 1.3 billion as expected below previous year’s level (Q1 2023: EUR 1.6 billion), but above pre-pandemic level (Q1 2019: EUR 1.2 billion) Free cash flow of EUR 608 million (Q1 2023: EUR 983 million; Q1 2019: EUR -256 million) Forecast for operating profit of between EUR 6.0 billion and EUR 6.6 billion confirmed Tobias Meyer, CEO DHL Group: “Despite … [Read more...] about DHL Group gets off to a solid start in 2024
Logistics
DP World acquires Savan Logistics – operator of dry port in Savannakhet
Savan Logistics has operated the dry port in Laos’ Savannakhet region since 2016 DP World will manage 140,456 sqm of land, including warehousing space, in Zone C of Savannakhet Special Economic Zone (SEZ), the first in the country Savannakhet dry port in the Savannakhet Special Economic Zone (SEZ) in Laos DP World has completed the acquisition of Savan Logistics, which operates the Savannakhet dry port in the Savannakhet Special Economic Zone (SEZ) in Laos, the first SEZ in the country. Savan … [Read more...] about DP World acquires Savan Logistics – operator of dry port in Savannakhet
Green Lab and Ninja Van Singapore sign MOU to help Singapore businesses journey towards going green in their packaging and logistics needs
Green Lab, Singapore’s first eco-solution manufacturing plant, has joined forces with Ninja Van Singapore, a tech-enabled express logistics company, in a collaborative effort to help companies achieve their sustainability goals while optimising their storage and delivery needs. Green Lab CEO and Co-Founder Muralikrishnan Rangan and Ninja Van Group CEO and Co-Founder Lai Chang Wen both signed a Memorandum of Understanding at Green Lab’s Tuas production facility, witnessed by Senior Minister of … [Read more...] about Green Lab and Ninja Van Singapore sign MOU to help Singapore businesses journey towards going green in their packaging and logistics needs
Gebrüder Weiss enlarges logistics center in Budapest
The transport and logistics company Gebrüder Weiss has enlarged its logistics facility at the Dunaharaszti location near Budapest. The new logistics complex covers 10,000 square meters and includes office space, a handling facility, and a high-bay warehouse. The logistics company is creating additional storage capacity for its customers. In addition, in future all Home Delivery services for the greater Budapest area will be bundled from here. The investment volume amounts to around 25 million … [Read more...] about Gebrüder Weiss enlarges logistics center in Budapest
DP World & Asian Terminals Inc. unveil the Philippines’ biggest passenger facility at Batangas Port
The newly modernised Batangas Passenger Terminal is now the biggest in the Philippines. Two-year, US$25 million project more than doubled the passenger handling capacity of the Batangas Passenger Terminal to 8 million a year. Modernisation is part of a US$90 million investment in the Batangas Port and will position the Batangas Passenger Terminal as the country’s biggest and most modern passenger facility. Revamp will be capped off by the opening of more commercial and F&B shops … [Read more...] about DP World & Asian Terminals Inc. unveil the Philippines’ biggest passenger facility at Batangas Port
Kuehne+Nagel expands spare parts logistics for the automotive industry
As one of the leading logistics providers for the automotive industry, Kuehne+Nagel now manages a 170,000m² spare parts fulfilment and delivery centre in Wallersdorf, Germany. From this location, spare parts are supplied to BMW markets worldwide. Here, Kuehne+Nagel is responsible for the physical receipt of goods, pre-packaging, the management of packaging material and empties as well as the loading of goods onto shuttles for dispatch to all BMW parts distribution locations. At the … [Read more...] about Kuehne+Nagel expands spare parts logistics for the automotive industry