Chris Lewis
UPS said its consolidated revenues for the third quarter of 2022 were up 4.2% from last year, at $24.2bn. Consolidated operating profit was $3.1 billion, up 7.5% compared to the third quarter of 2021, and up 6.0% on an adjusted basis. US domestic revenue grew 8.2%, driven by a 9.8% increase in revenue per piece. International revenue increased 1.7%, driven by a 6.4% increase in revenue per piece.
[+]
Austrian forwarder Cargo-partner has relocated its Manchester team to a new office following completion of its acquisition of Aztek International Freight in March 2022.
After embarking on a joint venture with Aztek in 2021, Cargo-partner acquired the remaining shares of the UK-based company earlier this year. Over the last few months, ...
[+]
Hong Kong Air Cargo Terminals Limited (Hactl) is handling CMA CGM Air Cargo’s new Hong Kong services. CMA CGM Air Cargo is the cargo airline of the CMA CGM Group, a global player in sea, land, air and logistics solutions.
It is operating five scheduled flights per week from Paris Charles ...
[+]
FedEx worked with 360,000 suppliers globally employing over 16.5 million individuals and with a combined annual revenue of $700 billion, said the Memphis-headquartered carrier in its latest 2022 Economic Impact Report.
In the document, produced in consultation with Dun & Bradstreet, FedEx analysed its effect on economies around the world in ...
[+]
Haropa Port and Seafrigo Group have started construction of a new 13,000 sq m cool chain facility located in Le Havre's port area.
The new building will be dedicated to frozen foods for retailers and agrifood manufacturers. It will be capable of handling 35,000 pallets and equipped with Very Narrow Aisle ...
[+]
IAG Cargo is testing a new biodegradable reduced-thickness polyethylene film with manufacturer Verpa Folie and US based BioNatur Plastics. The new sustainable material is 15 micron thick, 100% recyclable and biodegradable by landfill. The UK-based carrier says it will save up to 15 tonnes of virgin polyethylene a year. Not ...
[+]
AP Moller–Maersk’s Safmarine Cameroun made her first call at the Cote d’Ivoire container terminal (CIT), a new joint venture facility between APM Terminals and Bolloré Ports in the Port of Abidjan, which is scheduled to become operational at the beginning of November. Covering an area of 37.5 hectares, CIT will ...
[+]
Nippon Express Logistics has launched a daily ‘Covid-proof’ cross-border transport service between Zhuhai in mainland China and Hong Kong via the Hong Kong–Zhuhai–Macau Bridge. It follows a number of restrictions imposed by China in response to the spread of infections.
Severe traffic restrictions are still in place between Shenzhen and Hong ...
[+]
Home delivery expert ParcelHero warns that there will be significant international supply chain disruptions this year as Chinese President Xi Jinping continues his zero-Covid policy.
Another wave of strict lockdowns are disrupting global shipments and the manufacture of many popular goods. Lockdowns in key Chinese port cities Ningbo, Shanghai and Tianjin ...
[+]
Danish-owned forwarding, logistics and transport group DSV reported strong results in the third quarter of 2022,. In the first nine months of the year, gross profit grew by 50%, while earnings before interest and tax before special items grew 75%. Its Air & Sea forwarding arm achieved an 81% increase ...
[+]
« Back
More »
