(L-R) FedEx's David Binks, Bert Nappier and Helena Jansson David Binks, FedEx Express Europe president and CEO of TNT, will retire in June after spending more than 30 years with the company and playing an important role in FedEx’s acquisition of TNT Express, which was completed in 2016. Binks will be succeeded by
Logistics
FedEx commits $3.2 billion to raise pay, expand hubs after U.S. tax overhaul
(Reuters) - Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December. The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand
American Airlines announces Double-digit growth in cargo revenues boosts in 2017 profits
...adding cargo services to four more European destinations to network American Airlines (AA) announced a full-year net profit of US$1.9 billion, or $2.4 billion excluding net special items, for 2017, which the carrier concluded was, “a remarkable year.” While passenger operations were predictably robust, the fastest-growing segment was cargo, which registered a
Group of Senators urge Nigerian Parliament to speed up passage of transportation bill
Abuja - A group of Nigerian senators have called their colleagues in the national assembly to speed up passage of the bill to establish the Chartered Institute of Logistics and Transport of Nigeria The senators made up of the Chairman, Senate Committee on Land Transportation, Senator Gbenga Ashafa of Lagos East, his
A Shortage of Trucks Is Forcing Companies to Cut Shipments or Pay Up
Why Airfreight Traffic Is Up
Companies are shipping more items by plane to meet customers’ rising expectations for fast delivery, prompting a scramble for cargo space that has sent airfreight rates soaring and pushed Amazon into the airline business. Global airfreight traffic climbed almost 9% year-over-year in November, the start of the peak shipping season, and
American Airlines Cargo records strong 2017 growth
With the past year’s results rolling in, American Airlines posted particularly strong results for its cargo sector, with overall cargo traffic growth reported 15 percent higher year-over-year compared to 2016 – substantially higher than the 9.7 percent growth reported by IATA for 2017. The carrier attributed the healthy y-o-y improvement to
Amsterdam’s Schiphol Cargo handled 1.75 million tonnes in 2017 in the face of slot shortage
In terms of overall cargo capacity and volumes, Amsterdam Airport Schiphol is in Europe's top 3 freight-handling airports, together with Frankfurt and Paris. Freighter slot space has been infamously tight at Amsterdam’s Schiphol Cargo in recent months, but the handling facility still reported an increase of 5.4 percent in 2017 airfreight
Kaduna Inland Dry Port Operational Manual Ready Thursday When Stakeholders Meet
The operational manual of the Kaduna Inland Dry Port will be ready on Thursday, January 25, the Nigeria Shippers Council has said. In a statement signed on behalf of the Council by Ignatius Nweke and made available to journalists yesterday in Abuja, hinted that the Nigerian Shippers’ Council is holding a
US orders extra air cargo screening for flights from Mideast
Washington (AP) - U.S. authorities issued an emergency order Monday requiring additional screening of cargo on flights departing for the United States from five Mideast countries, citing a threat of terrorism. The Transportation Security Administration order is aimed at preventing terrorist attacks in response to “persistent threats to aviation,” TSA said