August 2012

Retailer recognition for Damco

US retailer Sears has named Damco as one of its 'Partners in Transformation for' in recognition of the forwarder's innovative contributions to its business. Sears Holdings grants the award to supplier companies who have been helping support the transformation of Sears Holdings through innovation around customers, core retail excellence and financial and operational discipline. Of the over 30,000 suppliers that work with Sears Holdings, less than one half of a ... [+]

Intermodal Europe open for business

Registration has opened for the Intermodal Europe 2012 show at Amsterdam RAI on 27-29 November, earlier than scheduled say the organisers. The ‘free to attend’ three day event covers all areas of container transport and logistics across road, rail and sea. This year will build on the success of previous ... [+]

Airlines pay out for price-fixing

Eight Airlines, including British Airways/IAG have reached a final settlement of a US lawsuit accusing them of fixing cargo fuel surcharges between 2000 and 2006. The carriers will pay a total of $207 million, of which British Airways will pay $89.5m. LAN Chile and its Brazilian partner Aerolinhas Brasileiras SA ... [+]

Kerry adds two offices

Kerry Logistics has opened new offices in Sri Lanka and Myanmar (Burma) as part of its strategy of building its network in emerging markets across the region. Kerry already has offices in India and Bangladesh. The company's executive director of international freight forwarding, Kenneth Ko, said: "The new office in Myanmar ... [+]

Yield rise boosts Virgin Cargo result

Virgin Atlantic Cargo said its revenue for the 2011/12 financial year showed 7% year-on-year growth to £239.6 million, despite the difficult financial conditions – and it was the best-ever financial performance of the cargo division in its 28-year history. Yields were up 12%, more than offsetting a 5% decline in tonnage. ... [+]

New boss for Cargolux

Cargolux has appointed senior vice president and chief financial officer, Richard Forson as its interim president and CEO. he will retain his CFO responsibilities during the interim period. It follows the resignation of Frank Reimen as president and CEO of the all-cargo airline following his appointment as High Commissioner for ... [+]

Delta’s Neel Shah moves on

Delta Air Lines has named Tony Charaf as chief cargo officer, replacing Neel Shah, who recently stepped down from the position. Charaf, a 16-year veteran of the company including four years as head of Delta Cargo, will maintain his current role as president – techops. [+]

DHL strong despite VAT charge

Deutsche Post DHL said its growth remained firmly in place during the second quarter of 2012, up 13.7% to €13.7 billion. Revenues generated between April and June rose 7.3% above the previous year and, supported by favorable exchange rate effects this increase exceeded the growth rate produced in the first ... [+]

Ceva: revenue up, earnings down

Ceva Logistics reported revenue up 5.5% to €1,808 million in second quarter, led by growth in ocean freight but earnings before interest, taxes, depreciation and amortisation (EBITDA) fell from €81m to €70 million as improvements in Asia wereoffset by weakness in Southern Europe and Americas. CEO John Pattullo, CEO, said ... [+]

IAG static in tough six months

IAG Cargo, the business created by the merger of British Airways World Cargo and Iberia Cargo, reported commercial revenue (flown revenue plus fuel surcharges) down 0.3% at €590 million in the first half of the year to 30 June 30. Freight tonne kilometres decreased by 1.8% while cargo capacity for the ... [+]

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