Aramex has broken ground on its Dubai-based Logistics Centre, located in Dubai Logistics City (DLC). The AED 120 million (US$37.2 million) facility encompasses a built-up area of over 43,000 square metres, situated over a 140,000 square-metre area of land, and is due for completion in the first quarter of 2011. The logistics centre is strategically located next to the Jebel Ali Port and Free Zone, complementing Aramex’ product offering of total logistics solutions. The new Aramex … [Read more...] about Aramex breaks ground in Dubai Logistics City
air freight
Kuehne + Nagel reports “very satisfactory†Q3
Kuehne + Nagel has released its financial figures for the first nine months of 2009 saying it had achieved “very satisfactory†results due to the ‘early, consistent implementation’ of its dual strategy of strict cost management and commitment to market-share expansion. Total net revenues fell by 23 per cent to CHF10.94 billion (US$10.66 billion). Gross profit was 7.3 below the figure of the previous year’s period. Operational result (EBITDA) decreased by … [Read more...] about Kuehne + Nagel reports “very satisfactory†Q3
Panalpina and Atlas Air extend partnership
Global forwarding and logistics group Panalpina and its long-time airline partner Atlas Air have announced a renewal of their cooperation agreement under which Panalpina provides owncontrolled capacity between Europe, North America and Mexico and links the company’s oil and gas hubs. The ‘Dixie Jet’ service’s capacity is managed by Panalpina while the Boeing 747F freighter aircraft are operated by Atlas Air. Panalpina and Atlas Air have been working … [Read more...] about Panalpina and Atlas Air extend partnership
CEVA opens ‘Pyramid’ warehouse in Dubai
CEVA Logistics has announced the opening of ‘Pyramid,’ a new 12,000 sq.m warehouse located in the JAFZA South Zone in Dubai. The new facility will serve as CEVA’s Middle East headquarters and manage products for four key regional customers working in the electronics, fashion and industrial sectors, the group said. “We are rapidly expanding our presence in Dubai. We anticipate that our Jafza facilities will grow by a further 65,000 sq.m in the next 12 months, … [Read more...] about CEVA opens ‘Pyramid’ warehouse in Dubai
Cargo GSAs in Asia Supplement in December/January issue
Cargo General Sales Agents, or GSA’s have become a vital and increasingly important factor in the global air cargo industry. The GSA offers specialist knowledge and expertise to start-up carriers and to those airlines which want to add new destinations to their network without having to establish and finance fully-fledged ground and sales organisations. With the expansion of new and existing airlines into new markets, the role of the GSA has become even more crucial for expanding … [Read more...] about Cargo GSAs in Asia Supplement in December/January issue
From green shoots grow…
Now that the green shoots of global economic recovery have undeniably taken root – ever so tenderly, but rooted none-the-less – the air cargo industry should begin to think about what the future industry will look like. Things will never be quite the same after coming through what pretty much amounts to a proverbial ‘baptism of fire’. The sheer speed and intensity of the air freight market crash stunned even hardened veterans and leaves many companies … [Read more...] about From green shoots grow…