Logistics & Distribution News
FedEx cuts its outlooks as economy weakens
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.
Groupon Inc. shares dropped on revenue miss
Groupon Inc., online shopping giant, on Monday published its quarterly profit as its shares dropped by nearly 20 percent due to revenue miss and investors’ concern over growth in the next months. Groupon’s shares lost almost a fifth of their value because revenue missed estimates due to economic situation in Europe. Although the company’s second-quarter earnings doubled expectation, shareholders concentrated on revenue miss and punished the stock.
Launch of a North Asian Hub by DHL Express for $175 million
According to the CEO of Deutsche Post DHL, Dr. Frank Appel, the North Asia hub marks for DHL Express as a logistics milestone in its network covering the Asia Pacific. The combination of the aviation strategies along with this multi hub policy will cement their position as a leader in terms of convenience, cost effectiveness and connections. He also added the fact that the integration of the free trade agreements with the leading economies of Asia will reduce the barriers of the international commerce.
DHL To Standardize Warehouse Operations Globally
The world’s largest logistics specialist, DHL, is now working on standardizing its warehouse management system globally. In order to make use of supply chain management technology in all its facilities, DHL has fixed a deal with US software firm RedPrairie Corporation.
The Parcel Service that’s Cutting Costs by Going Green: UPS
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, [...]
Pan Asia Logistics
They Keep Your Business Flowing A holistic logistics provider for efficient, intelligent and cost-effective logistics solutions across the globe, Pan Asia Logistics offers a complete range of fully integrated logistics services and supply chain solutions through their worldwide network. With uncompromised orientation towards their customers’ needs, Pan Asia Logistics is one of the fastest growing [...]
Antwerp-Chongqing Direct Rail Freight Link Launched
A 5-days-a-week direct rail freight service was launched on May 9th between the Port of Antwerp, Europe’s second-largest port, and Chongqing, the industrial hub located in China’s southwest. A crucial step in the process of developing the Eurasian Land Bridge, setting up this rail freight passage has significantly speeded up the process of transporting freight [...]
DHL’s Green Fleet Introduced in New York
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 [...]
China’s Air Freight Sector foresees low rates;expects consolidation
The contradiction between a lower-than-forecast growth in export demand and significant capacity increases on some routes has caused China’s air freight sector to be looking at low rates and yields according to various air cargo executives. “There is a capacity issue,” said Roberto Gilardoni, Commercial Director at CargoItalia, in a statement. “The number of charters [...]
NZ trucking giant to buy Europe’s Wim Bosman Group
New Zealand’s largest trucking company, Mainfreight, is all set to enter the European market by acquiring Netherlands-based Wim Bosman Group, in what will be the NZ-based company’s largest acquisition. Mainfreight has announced that it will pay at least €110 million for the Dutch transport and logistics provider, with a further €10 million payment if it [...]
Kenco. Logistic Services. The Right Way.
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 [...]
Express Freight Service UPS grows stronger: Expands to Israel and Slovakia
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 [...]
