When economic indicators are grim and airfreight businesses are looking for a turnaround, it’s easier to spot the positive signs of hope in the industry. But when the outlook has been rosy – like it has been for much of the last 18 months for air cargo – carriers may
Logistics
DP-DHL Group reports troubles in Post-eCommerce-Parcel sector in second quarter
While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5% in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2% y-o-y to €747
Nigeria: Importers, Agents Groan Under 400% Hike in Cost of Container Haulage
Since the past 43 years when the Apapa port's access roads were constructed, the nation has never had it this bad. From a million potholes to the death traps, loss of multi-billion naira goods, dirty and polluted environment, yet relief appears still farther than expected. SULAIMON SALAU reports that the
The Malay Connection: Is Kuala Lumpur the next e-commerce gateway to China?
At an abandoned house on the outskirts of Georgetown in the Malaysian State of Penang, a man and his wife stand crouched over a box of seemingly random electronic components. Inside the carton is a set of specialized audio “tweeters” the pair plans to install throughout their dilapidated ancestral home
Uber turning off autonomous truck division
A spokesperson told American Shipper the move will not affect Uber Freight, the company’s on-demand trucking unit. Uber Technologies Inc. will shut down its autonomous trucking research unit in an effort to focus on its separate self-driving car division, a company spokesperson has confirmed. The spokesperson for the ride-sharing application provider told American Shipper the move
IAG Cargo Q2 financial results show marginal growth
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
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
Walmart stumbles with its ‘last mile’ package delivery plan
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers. Walmart’s own store employees would bring online orders directly to shoppers’ homes after completing their usual shifts of up