Panalpina finished the year 2014 on expectations. It more than doubled its EBIT to CHF 116.7 million (approx. US$12.90 million) in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million. Panalpina grew air freight volumes slightly ahead of the market and clearly outperformed the market in ocean freight. Significant progress was made in logistics, with the turnaround ahead of schedule. “In 2014, we executed on our clearly laid out … [Read more...] about Panalpina more than doubles EBIT
Logistics
Bengaluru airport get its first perishable cargo facility
Air India SATS Airport Services (AISATS), a joint venture between Air India and Singapore Airport Terminal Services, will have a 40,000-tonne per annum capacity perishable cargo handling centre 'AISATS Coolport' up and running at the Kempegowda International Airport (KIA) in the next 12 months. AISATS broke ground for Bengaluru's first fully-dedicated perishable cargo handling centre, spread over 60,000 square feet, the 'AISATS Coolport', at the KIA on Monday. The AISATS Coolport, with a … [Read more...] about Bengaluru airport get its first perishable cargo facility
Coyne appoints KIWI as Singapore GSA
Coyne Airways has appointed KIWI Logistics Cargo GSA as its general sales agent in Singapore. Established in 2013, KIWI Logistics Cargo GSA is bringing a fresh approach to airline cargo sales in this developed market, with a focus on efficiency, simplicity and reliability. Larry Coyne, CEO, Coyne Airways "We are delighted to be working with this young and ambitious GSA that shares many of the same values on which Coyne Airways was founded over 20 years ago," said Coyne Airways CEO Larry … [Read more...] about Coyne appoints KIWI as Singapore GSA
Asians least satisfied with e-shopping experience
Creating personalised e-commerce experiences and providing alternate delivery locations are helping retailers boost customer satisfaction. According to the UPS Pulse of the Online Shopper study, online shoppers in Asia continue to be the least satisfied with their online and in-store shopping experiences. UPS and comScore Inc. released the second global study analysing what drives an online shopper’s full path to purchase. Results show the advent of the ‘flex shopper’ … [Read more...] about Asians least satisfied with e-shopping experience
DB Schenker settles with three airlines
Deutsche Bahn (DB) AG issued the following statement in connection with a Wall Street Journal report about the air cargo cartel litigation brought by its logistics subsidiary, Schenker AG: “Deutsche Bahn can confirm that its logistics subsidiary, Schenker AG, has dismissed its claims against Nippon Cargo, SAS and Cargolux in the air cargo cartel lawsuit brought in the Eastern District of New York. Schenker will continue to pursue its claims against other air carriers and seek … [Read more...] about DB Schenker settles with three airlines
FLS launches in UAE, appoints CEO
Fast Logistics Solutions Group (FLS) has announced its launch in Dubai and the appointment of industry veteran Peter Scholten as CEO. The company has announced its service offering, including scheduled air cargo services, air cargo charter solutions, international ocean freight, multi-modal air-sea-land door-to-door solutions, customs clearance, 3PL warehousing and distribution services. In 2014 FLS Group generated US$200 million revenue with airfreight volumes at 45.000 tonnes and … [Read more...] about FLS launches in UAE, appoints CEO