XPO Logistics’ second-quarter results for 2016 leave no doubt that the company has turned a corner towards profitability, after years of acquisitions and restructuring. The supply chain logistics company’s gross revenues increased 202.9 percent, year-over-year, in Q2 to US$3.7 billion. Net income attributable to common shareholders was $42.6 million for the quarter. Over the first[…]
Lufthansa Cargo has introduced “myAirCargo” to target private customers looking to send bulky items via international airfreight. “Whether it’s an urgent move, an exotic antique or a larger-than-usual sports accessory,” the airline announced, Lufthansa can now send these goods by air. For myAirCargo customers, Lufthansa’s logistics subsidiary will organize complete transport of goods from door[…]
French logistics company Bolloré signed a 15-year lease on an 80,000-square-foot facility adjacent to London’s Heathrow International Airport. The warehouse complex is due to reach completion this month. SEGRO plc and Aviva Investors, partners in the project, announced that they have secured the leasing to Bolloré through a joint venture. Thanks to its close proximity[…]
Terry Hartmann, vice president, travel and transportation for Unisys’ U.S. and Canada operations. Most air cargo logistics companies have long acknowledged that e-commerce eventually will be the dominant force behind trade around the world. But in an industry that still has a global adoption rate of less than 40 percent for paperless air waybill systems,[…]
Air cargo volume at Dubai International (DXB) rose 3.8 percent to 1.28 million tonnes during the first half of 2016, compared to 1.23 million tonnes during the same period in 2015. Traffic numbers over the first half of this year were also up, this time to a record 40.5 million passengers, raising the stakes of[…]
A 6 percent decline in revenues didn’t stop Kuwait-based Agility from posting an 11 percent increase in second-quarter net profits, thanks to growth in its infrastructure division. Net profit for the period from April to June climbed to US$49.7 million from $46.4 million, year-over-year. Second-quarter revenue fell 6 percent, y-o-y, from $1.09 billion to $1.02[…]
