United Kingdom-based IAG Cargo today, released its financial results for Q2 2018, cargo revenue increased 3.7 percent to €281 million during the three-month period. Revenue growth outpaced cargo volume growth, increasing 0.4 percent year-over-year in Q2, to 1,414 tonnes – symptomatic of the carrier’s strength in 2017, which has made for
Facing U.S. tariff threat, Toyota warns car costs could rise
2018 Toyota Hilux Rogue Rugged and Rugged Australian engineered Tokyo (Reuters) - Toyota Motor Corp on Friday said higher U.S. auto tariffs would ramp up the cost of vehicles produced locally along with those imported to the United States from Japan, which would have a “big impact” on its bottom line. Like its
Red Star Express Records N8.4bn Turnover, To Pay N236 million in dividend
Lagos - Red Star Express Plc has released its audited reports for the financial year which ended March 31, 2018, showing a rise in turnover to N8.4 billion from the N7.3 billion the previous year. The revenue growth was attributed to new business initiatives and expansion currently being driven by the
Truck owners demand compensation over Apapa gridlock
Lagos - Truck owners plying the access roads along Lagos ports have said that they deserve to be compensated for the number of days their trucks spend in queuing in the persistent traffic gridlock while trying to gain entry into the ports. The Chairman, Road Transport Employers Association of Nigeria, Haulage Section, Tin
Ikorodu Lighter Terminal records growth in containerised, cargo haulage
About four months after the commencement of movement of containers from the Apapa Port Complex by sea to the Ikorodu Lighter Terminal in barges for collection by trailers to other parts of the country, Connect Maritime Services Limited operating the service says it has continued to record growth in the
Lufthansa reports robust growth in Q2 financial report
Yesterday, Germany-based Lufthansa reported solid results for its logistics division for 1H 2018, with earnings before interest and taxes (EBIT) up 48 percent year-over-year to €125 million, from €84 million on revenues that were up 12.3 percent to €1.3 billion. The carrier’s traffic rose only slightly in the first six months
USA’s TSA will install 40 luggage CT scanners in airports this year
The technology gives agents clearer views of luggage contents. The TSA has been using CT scanners to screen airline passengers' luggage since last year -- early tests of the technology have been taking place in Phoenix's Sky Harbor International Airport and Boston's Logan International Airport. But now, the agency has shared its plans for CT technology going
Taxi drivers in Spain block streets over ride-hailing services
Madrid - Striking taxi drivers brought traffic in parts of major Spanish cities to a standstill Monday by stopping their vehicles in major thoroughfares to protest ride-hailing services. Hundreds of stationary white taxis blocked the Paseo de la Castellana, one of Madrid’s longest and broadest avenues, while protesters played soccer and
Harley drives deeper into Asia with smaller bikes to fuel growth
Harley-Davidson Inc is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs. The 115-year-old Milwaukee, Wisconsin-based company, known for its heavy touring motorcycles, is scrambling to revamp its
