Deutsche Post DHL marks double-digit earnings gain
Deutsche Post DHL, the world’s leading postal and logistics group, reported significant gains in both revenues and earnings for 2011. Revenue rose by 2.8…
DB Schenker Philippines expects a 10% increase in volume and revenue this year despite projections of a bumpy road ahead for airfreight exports. “Export…
CEVA Logistics reported strong earnings of EUR321 million (US$422 million) in 2011, a 10 percent growth, and a record revenue of EUR6.9 billion, an increase…
Global freight forwarder Kuehne & Nagel posted almost flat earnings of CHF606 million (US$664 million) in 2011 compared with CHF605 million in 2010 but…
Kerry Logistics takes full control of Spanish operations
Kerry Logistics, a leading global logistics services provider, has completed the acquisition of its former joint venture, Kerry Salvat Logistics S.A., through a buyout…
TNT Express changes strategy after massive losses in 2011
Netherlands-based TNT Express said it plans to concentrate on its core European market, which accounts for nearly 70 percent of its revenue, after registering…
12 countries propelling Asia-Pacific transport and logistics growth
Twelve countries in Asia-Pacific will play a key role in boosting the growth of the region’s transportation and logistics market despite global economic uncertainties,…
TNT Express rejects proposed $6-B acquisition bid by UPS
Dutch package shipper TNT Express has rejected a EUR4.9 billion ($6.45 billion) acquisition bid from U.S. rival United Parcel Service (UPS), even as both…
PH forwarders get fast lane for accreditation renewal
The Philippine Shippers’ Bureau (PSB) and the Philippine International Seafreight Forwarders Association (PISFA) recently signed an agreement that establishes an exclusive lane (E-Lane) for…
The Confederation of Truckers Association of the Philippines (CTAP) has reduced its volume growth projection for the year. CTAP cited soaring fuel prices, relocation…
Kerry Siam Seaport in Thailand starts third phase of expansion
International freight forwarder Kerry Logistics has started the third phase of the expansion of its Kerry Siam Seaport (KSSP), a multipurpose port located in…
