DB Schenker parent reports jump in net financial debt, capex for 1H19
Today, DB Schenker parent, Deutsche Bahn AG, released its preliminary figures for the first half of 2019 that showed a large ...
Tag: EMEA
UPS reports Q2 growth on strong Next Day Air demand, announces new services and drone applicationÂ
Today, UPS reported second-quarter 2019 net income was up slightly by 1.0% year-over-year to $1.70 billion, on revenues that were ...
Tough market sees Kuehne + Nagel air volumes down, net earnings upÂ
Reflecting the continued weakness of the airfreight market, first-half results from Kuehne + Nagel showed a 5.8% drop in air ...
PayCargo files lawsuit against competitor CargoSprintÂ
Logistics payment platform PayCargo LLC filed for damages against competitor CargoSprint and CargoSprint’s founder and CEO Joshua Wolf in a Georgia federal court on July 19, alleging that the company ...
FedEx Express names SAB Express as international service provider in Saudia ArabiaÂ
Earlier this week, FedEx Express appointed SAB Express its global service provider for its international services in Saudi Arabia. The move will connect Saudi Arabia with ...
Sennder raises $70m in bid to take on antiquated logistics market
Berlin-based ground logistics company Sennder recently secured US$70 million in a Series C funding round led by Lakestar, according to TechCrunch, which estimates ...
Forwarder EFL commits to Pittsburgh as airport angles for JFK and ORD flightsÂ
Today, Sri-Lanka based freight forwarder EFL announced that it will base its North American Cargo Distribution Center at Pittsburgh International Airport (PIT).   ...
Sluggish demand from high-yield cargo verticals hits Panalpina in 1H19Â
Swiss forwarding giant Panalpina reported airfreight volumes up 5% year-over-year to 512,000 tonnes for the first half of 2019 as recent acquisitions began to boost turnover.  ...
