While parent company Deutsche Post-DHL Group increased its first quarter earnings before interest and tax (EBIT) by 21.3 percent to €873 million, compared with the same period last year, its airfreight volumes slipped by 8.8 percent and its forwarding revenues fell by 12.2 percent in a challenging first quarter for the year. Despite the disappointing[…]
Following similar investments on the U.S. West Coast, UPS announced plans to nearly double the footprint and make sorting technology upgrades at its San Antonio-based ground sorting facility. Craig Wiltz, president of UPS’ Red River District, said, “population and business growth throughout Texas” were the main drivers for the expansion project. When the project is[…]
J. Scott Nelson, founder and chairman of Trax Technologies This year will be the scene of a major showdown over the issue of “big data,” as companies such as Amazon make their moves into the logistics sector. To keep up, integrators, shippers and carriers are seeking a deeper understanding of the enormous amounts of information[…]
For the first quarter of 2016, Agility yesterday reported a net profit of US$43.5 million, a respectable increase of 10.9 percent compared with the first quarter of 2015, which itself was a strong quarter for the air cargo world, due to the U.S. West Coast port slowdown. Earnings before interest, taxes, depreciation and amortization (EBITDA)[…]
UAE-based Emirates reported a record profit of US$2.2 billion for the year 2015, in spite of softer revenues, which dropped 3 percent, year-over-year, to $25.3 billion. Revenues from the group’s SkyCargo division comprised 14 percent of the airline’s overall transport revenue, even as Skycargo unit revenues dropped 9 percent to $3 billion. Lower yields were[…]
UPS announced a partnership with California-based robotics company Zipline and Gavi, the Vaccine Alliance, to launch a vaccine and medicine delivery program to rural clinics in Rwanda. As part of a US$800,000 UPS Foundation grant, the Rwandan government will begin using Zipline drones to deliver blood to 21 transfusing facilities located throughout the country’s hard-to-access[…]
