Reporting its annual results for 2011, DHL saw its overall group net profit rise by 32.8 per cent to €2.4 billion, on sales up 2.8 per cent to €52.8 billion. The group’s express division reported an operating profit (ebit) up 86.5 per cent to €927million on the back of sales which rose 22 per cent as the operator exited a number of domestic operations, including China, Canada and Australia. The growth was driven by a double-digit volume rise in international … [Read more...] about DHL sees profit growth in 2011
DHL
DHL launches direct Chengdu, Ho Chi Minh
DHL has launched two new direct flights from its hub in Hong Kong to Chengdu, China and from Hong Kong to Ho Chi Minh City, Vietnam, as the latest enhancements to its Asia air network. DHL’s new Hong Kong to Chengdu route promises evening pick-up and next-day delivery for shipments to Chengdu and other economic centers in Southwestern China, such as Chongqing, Kunming and Guiyang, the express operator said. This route is operated in cooperation with Yangtze River Express Ltd., a … [Read more...] about DHL launches direct Chengdu, Ho Chi Minh
TNT accepts sweetened UPS acquisition offer
TNT has accepted a sweetened offer by United Parcel Service (UPS) for TNT’s Express unit, making the US-based express delivery company the largest express package-shipper in Europe with €45 billion in global sales. UPS upped its offer by 5.6 per cent to €5.16 billion in a deal that both companies said is a 53.7 per cent premium over TNT’s closing price the day before the companies announced they were in talks. If a third party makes a binding counter offer exceeding the … [Read more...] about TNT accepts sweetened UPS acquisition offer
Bahrain Int’l welcomes BAWC’s B747-8F
Bahrain International Airport (BIA) recently welcomed IAG Cargo, through its brand British Airways World Cargo who began a weekly service through Bahrain with its new B747-8F. “This is great news for our airport, adding to many other memorable occasions experienced at the region’s first airport. Cargo volumes are a lead indicator of business growth and having BA’s B747- 8F landing in Bahrain on its weekly route is a great sign of confidence,” said Gordon Dewar, Bahrain … [Read more...] about Bahrain Int’l welcomes BAWC’s B747-8F
Bahrain Int’l welcomes BAWC’s B747-8F
Bahrain International Airport (BIA) recently welcomed IAG Cargo, through its brand British Airways World Cargo who began a weekly service through Bahrain with its new B747-8F. “This is great news for our airport, adding to many other memorable occasions experienced at the region’s first airport. Cargo volumes are a lead indicator of business growth and having BA’s B747- 8F landing in Bahrain on its weekly route is a great sign of confidence,” said Gordon Dewar, Bahrain … [Read more...] about Bahrain Int’l welcomes BAWC’s B747-8F
New products, new markets for Korean Cargo
New products, new markets for Korean Cargo After facing the biggest demand fall in aviation’s history in 2009, businesses restarted again in 2010 with airlines ending last year slightly ahead of early-2008 volumes albeit with a dismal 2.7 per cent profit margin. Following the global financial crisis, air freight volumes reached their post-recession peak in May 2010, largely driven by re-stocking. But the joy was short lived and from about July this year, global freight markets began … [Read more...] about New products, new markets for Korean Cargo