DHL Global Forwarding and Ethiopian Airlines have entered a joint venture (JV), “DHL-Ethiopian Airlines Logistics Services Ltd.,” that will serve the entire continent of Africa based from Ethiopia – with Ethiopian Airlines holding a majority stake in the venture. “With its GDP growth, Africa is stepping into the spotlight as production
Logistics
Auto market demand prompts DHL to triple capacity in Charleston
This week, DHL has invested US$2.2 million in a 16,200-square-foot facility near Charleston International Airport (CHS), which will “shorten delivery times to and from the airport,” and nearly triple the capacity, compared to its previous facility. South Carolina has attracted “some of the largest U.S. automotive manufacturing hubs,” DHL said, referring
UPS reports reduced operating profit in Q2
UPS streamed its second-quarter 2018 earnings call this morning, reporting a 9.6 percent growth in total revenue, but a shrinkage in total operating profit of 13 percent, compared to the same period last year. The figure encompasses the company’s U.S. Domestic Package, International Package and Supply Chain & Freight sectors. Dividing
U.S. freight market throttles back in June
Rapid growth in cargo volumes and spending has started to stretch domestic infrastructure to its limits, according to economist Donald Broughton. Growth in the North American freight market continued in June, but at a slower rate than in recent months, according to the latest Cass Freight Index Report. Shipment volumes increased 7.2
Brazil’s Rio Galeão Airport sees major growth in first half of 2018
‘Operation Restore Sanity to Lagos Roads’ Successful, Gets 48 hours Extension
Piqued by the hardship containerized trucks and tankers parked along the Oshodi-Apapa Expressway was causing businesses and residents of Lagos state, Nigeria's commercial capital, the state government last week ordered the exercise, tagged: "Operation Restore Sanity On Lagos Roads." The order to the task force was to remove all containerized trucks and
Kenya’s Astral Aviation to purchase two Falcon cargo drones
This week, at the Farnborough International Airshow, Dubai-based unmanned aerial vehicle (UAV) company Falcon Drones Technology and Nairobi-based cargo carrier Astral Aviation agreed that the airline will purchase two of Falcon’s Lucas-F250 drones (pictured), with an option to purchase another 10 of the aircraft next year. The drone has an endurance
Panalpina releases positive first-half 2018 results
Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long
UBS downgrades FedEx on trade war risks, upgrades UPS on domestic performance
DHL Express Strengthens Unmatched Intercontinental Network with Order of 14 New Boeing 777 Freighters
From left to right: Kevin McAllister CEO Boeing Commercial Airplanes; Ihssane Mounir, VP Sales & Marketing The Boeing Company; Dan Abraham, VP Sales Europe Boeing Commercial Airplanes; Ken Allen, CEO DHL Express; Charlie Dobbie, COO DHL Express; Mike Parra, CEO DHL Express Americas.Business Wire At the Farnborough International Airshow, DHL Express