• Q1 profit for Agility amid declining logistics market

    Kuwait-based Agility has reported a 16.4 per cent rise in net profit for the first quarter 2009 over the same period last year despite the slowdown affecting the global economy. Net profit before non-recurring items was KD39.2 million (US$134.8...... Read More
  • TNT reports 58% slide in Q1 net profit

    Netherlands-based TNT has reported a 58 per cent fall in first-quarter net profit on the back of shrinking volumes at its express and mail units, saying the situation was expected to continue through the rest of 2009. TNT chief...... Read More
  • China’s manufacturing gains strength

    The China Purchasing Managers’ Index (PMI), seen as a bellwether of manufacturing activity in the country, rose to 53.5 in April from 52.4 in March, according to Reuters. This is the second straight month the index has finished in...... Read More
  • Panalpina Q1 profit nose dives 94%

    Swiss logistics group Panalpina reported a 94 per cent drop in first-quarter profit to 1.9 million Swiss francs (US$1.64 million), but said it was on track to reach its cost-cutting goal for 2009 which includes cutting 10 per cent...... Read More
  • Cargo drop stabilised but Swine flu new threat

    A stabilisation of global inventory levels has helped stabilise air freight demand and halted the freefall according to the International Air Transport Association (IATA) as it warned that concerns over a swine flu pandemic could have a significant impact...... Read More
  • Agility opens new Asia Pac HQ in Singapore

    Agility has announced the establishment of its Asia Pacific headquarters in Singapore and unveiled an additional state-of-the art Regional Distribution Centre (RDC) in the city. The new regional HQ will consolidate many of the regional and global management teams...... Read More
  • TNT opens expanded Regional Hub in Singapore

    The expanded S$20 million facility, capable of handling over 300 tonnes of cargo per day, is a key component of the express logistics company’s pan-Asian road network and is Singapore’s first integrated air and road hub. In late 2005...... Read More
  • Semiconductor decline may be moderating

    Global semiconductor sales declined again in February, down 30.4 per cent year-on-year to US$14.2 billion, but there is some indication the rate of decline is moderating from the fourth quarter of last year, according to the Semiconductor Industry Association...... Read More
  • Düsseldorf eyes move into perishable business

    Düsseldorf International Airport is looking to the perishables sector to boost cargo growth citing continued healthy growth of the sector and the large catchment area of the North Rhine Westphalia region, with Düsseldorf at its heart, in all accounting...... Read More
  • Logistics confidence down, but some optimism

    Overall confidence in the logistics industry has declined slightly in March over the past month, according to the latest edition of Recession Watch, by industry analyst group Transport Intelligence (Ti), but looking ahead respondents were slightly more optimistic than...... Read More