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  Volume: XXIV, Issue No. 04 October 1-15, 2014  
     
 
 

CARGO & SHIPPING

 
FedEx fiscal 1Q net profit up 24pc to US$606 million
-A Monitor Report Memphis : FedEx Corp. reported a consolidated net profit of US$606 million for its FY2015 first quarter ended August 31, up 24 per cent over net earnings of US$489 million in the first-quarter FY2014. The company cited higher volumes and increased yields at all three transportation segments as the source of its operating income growth. Lowered pension expenses also contributed to FedEx's improved bottom line. "Our profit improvement programs are progressing as planned and we. More...
DHL bags Best Express Logistics Provider award for second consecutive year
-A Monitor Report Singapore : DHL, the world's leading international express services provider, received the award for 'Best Express Logistics Provider' for the second consecutive year at the Asian Manufacturing Awards (AMA), since the category was introduced in 2013. The annual awards ceremony, which was held in Singapore this year recently recognizes businesses that enable excellence in manufacturing performance through the provision of industrial technology solutions and value-added service. More...
UPS sees gains in North American airfreight
-A Monitor Report Atlanta : UPS' supply chain and freight revenue increased 6.5 per cent during Q2 of 2014 to US$2.3 billion (1.7 billion euros). UPS Forwarding produced double-digit operating profit growth. Strong improvements in North American airfreight were offset somewhat by a drop in international airfreight. Market pricing on the key Asia-to-US lane continues to put pressure on rates. The Distribution business unit experienced high single-digit revenue growth as a result of gains from . More...
Emirates emphasizing perishables expertise
-A Monitor Report Dubai : This summer, Emirates SkyCargo is carrying thousands of tonnes of temperature-sensitive commodities. Perishable products such as fruit, vegetables, flowers and fresh meat from Africa and chilled meat from Australia, as well as pharmaceuticals from India, and many other commodities from various countries, are shipped on Emirates SkyCargo, through its Cool Chain services. In 2013, the freight division of Emirates transported more than 313,000 tonnes of time- and temper. More...
 
 
 
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