On the 4th of February, Japan Airlines informed that it raised the operating profit forecast to 163 billion yen from analysts’ expectations of around 140 billion yen. Despite sluggish fourth quarter earnings, the airline the airline decided to raise forecast slightly more than 15 percent as demand for the European and American routes climbed.
Christmas is closer everyday… The suspense is increasing as presents are being sent out. Without a doubt the holiday season, namely the holiday shopping season, is the busiest period for shipping companies and postal services all over the world. And with Christmas only 14 days away, shipping companies and post offices are madly busy with all those holiday packages and presents.
American International Group Inc. informed that it would sell an 80.1 percent stake in its International Lease Finance Corp. to a group of Chinese investors for as much as $4.2 billion. The acquisition is expected to be the China’s biggest acquisition of an American company. What is more, the group of Chinese investors has an option to buy an extra stake of 9.9 percent, which would give them as much as a 90 percent stock in ILFC.
FedEx Corp.’s shares dropped roughly 3 percent in after-market trading as the company, which is the world’s largest express parcel service by revenue, informed about cutting outlooks on earnings for its just-completed first quarter. The earnings forecasts have been cut by FedEx, citing “weakness in the global economy.” The company projected its first decline in three years after the sluggish economy has hurt demand for express packages.
Qantas Airways Ltd. has announced that it signed a 10-year partnership deal with Emirate Airlines to boost the Australian airline’s international division. The Qantas – Emirates deal regards replacing Singapore with Dubai as the stopover point for European services of the Australian flagship carrier. Moreover officials of those two companies have informed that carriers will align ticket process and flight schedules.
Philippine Airlines informed that it had signed a $7 billion contract to buy 54 Airbus jets as part of modernization program to meet higher demands for transporting both passengers and cargo in Asia, the Middle East and Australia. Moreover Philippine Airlines, the country’s largest full-service carrier, announced that it planned to buy dozen more planes. Airbus won the $7 billion contract, beating Boeing Co. despite the U.S. support for Manila in a diplomatic dispute with the People’s Republic of China.
There have been new shipping and marketing offers for small businesses being rolled out by the U.S. Postal Service. This is indeed being looked upon as a key growth segment that the money-losing organization is targeting as part of its long-term plan to return to profitability.
The U.S. Postal Service is nearing planned cuts to shut more than 260 mail processing centers nationwide as part of a billion-dollar cost-cutting effort that will slow delivery of first-class mail. The move comes as the U.S. Postal Service lacks financial relief in sight.
Christmas is less than a week away, so it’s almost too late, to have your packages at their destination before Sunday. There is only a day or two left to get your packages in to Christmas couriers to ensure that they get there on time. This holiday season is projected to be one of the […]
With fuel prices shooting through the roof, there’s been increasing interest expressed by global logistics leaders in developing technology that is likely to help cut costs as well as decrease impact on the environment. United Parcel Service (UPS), the world’s largest logistics corporation is doing exactly this, by starting to test implementation of a technology, […]
One of the world’s leading logistics company, DHL, introduced a convoy of environmentally-friendly delivery trucks in Manhattan, as part of their “green initiative” towards reducing the impact created by the company’s services on the city’s environment. This initiative by DHL was inaugurated in New York by Frank Appel, CEO of Deutsche Post DHL. Presenting the […]
Kenco is one of the nation’s leading third party logistics providers (3PL) managing over 100 facilities and 25 million square feet of warehouse space across North America. Kenco’s core competencies include logistic services, transportation, real estate management and material handling equipment. The Kenco family of companies includes Kenco Logistic Services, Kenco Transportation, Kenco Toyota-Lift, Kenco […]
One of the world’s largest logistics provider, UPS has announced the expansion of its UPS Express(R) Freight service into Israel and Slovakia to serve expanding hubs for high-tech, industrial and automotive companies. The UPS premium air freight service offers one- to three-business day door-to-door service, including customs clearance and an on-time performance guarantee. UPS Premium […]