• K+N considers global job cuts

    Kuehne + Nagel Group (K+N) is reportedly considering 4,500 job cuts following the announcement of modest increases in earnings and revenue for 2008 and expressions of concerns over immediate future business prospects. In its annual results statement released this...... Read More
  • TNT reports 60% fall in 4Q profits

    Dutch mail and express company TNT reported a 60 per cent fall in profit for the fourth quarter this week citing restructuring charges and worsening business conditions, especially in its express delivery arm. Net profit at Amsterdam-based TNT was...... Read More
  • Kintetsu profit declines

    Kintetsu World Express, Japan’s second-largest international forwarder, said it suffered a drop in profit on a consolidated basis between April and December from a year earlier despite revenue growth. Group operating revenue during the first three quarters of fiscal...... Read More
  • DHL forecasts 20% cargo drop, 1st improvement 2010

    The head of DHL Global Forwarding (DHL GF), the world’s largest forwarder, said the company expects shipping volume – both air and ocean shipments – around the world to decline 20 per cent in the first half of 2009...... Read More
  • China aims to up Pearl River Delta competitiveness

    The Chinese government has released its plan for the future development of that country’s most prosperous region, the Pearl River Delta. Shenzhen, Guangzhou and the other cities of Guangdong have the greatest concentration of economic activity in China and...... Read More
  • GWC, Agility Qatar plan to merge

    Agility Qatar has announced that it has signed a Memorandum of Understanding to enter into merger discussions with the Gulf Warehousing Company (GWC), a company listed on the Doha Securities Market. The new entity will be called GWC ¨C...... Read More
  • US small-business optimism revealed in UPS survey

    Despite the steady stream of grim economic news, a large majority of US small-business owners are optimistic about their company’s financial future, according to two nationwide surveys sponsored by UPS. In the first UPS Business Monitor United States, conducted...... Read More
  • DHL links Europe to the ME by road

    DHL Freight, the overland transport business of German global logistics group Deutsche Post World Net, has announced the launch of a regular road freight service between Europe and the Middle East, which it is touting as a lower cost...... Read More
  • Global supply chains not ready for challenges

    Nearly half of companies with global supply chains say they fear major disruptions in their ability to source, produce and ship goods around the world, but they’re not doing much to prevent it, according to a new survey sponsoredby...... Read More
  • Guiness World Record for TNT

    TNT Express set a new Guinness World Record at its Liege, Belgium, hub by loading 30 Mercedes Smart Cars in a 747F in 35 minutes and 34 seconds. Th e feat was an event for TopGear Italia, an off...... Read More