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Logistics

68th Meeting of Council for Rail Transport of Member States Begins

Chennai: Port Wings News Network: On May 17, the 68th meeting of the Council for Rail Transport of member states of the Commonwealth of Independent States opened in Bishkek (Kyrgyz Republic). Council members taking part are the heads of railway administrations of the Russian Federation, Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, …

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DSV Opens First Office in Panama

Chennai: Port Wings News Network: On 16 May 2018, DSV opened the doors of its new office in Panama City, an important hub for Central America and the Caribbean, not least due to free zones. “It is a strategic decision to move into Panama. Many of our customers use Panama’s …

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Cargologicair Helps Giro D’italia Teams Make History

Chennai: Port Wings News Network: CargoLogicAir (CLA), the British all-cargo airline, helped to ensure competitors taking part in the historic 101st Giro d’Italia bike race reached the starting line on-time – in Israel! For the first time, the race has commenced outside of Italy with individual time trials for riders …

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Kerry Logistics Forms Strategic Cooperation To Capture Opportunities Along Belt & Road

Chennai: Port Wings News Network: Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 0636.HK) on 7 May announced the strategic cooperation with D&G Technology Holding Company Limited (‘D&G Technology’), a Hong Kong listed company, through an investment in its wholly-owned subsidiary Topp Financial Leasing (Shanghai) Co., Ltd (‘Topp Financial Leasing’). …

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WFS Acquires Full Ownership of Thriving Ireland Business

Chennai: Port Wings News Network: Worldwide Flight Services (WFS) has acquired a 100% shareholding in its former WFS Ireland joint venture after buying the minority shareholding of its partners, Gerry Jackson and Brendan Byrne. The transaction was completed at the end of March. Gerry Jackson retired from the company at …

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Air China and Royal Jordanian Sign Up With WFS in Copenhagen

Chennai: Port Wings News Network: The growth of Worldwide Flight Services’ (WFS) cargo handling business at Copenhagen Airport in 2018 is continuing following the signing of new contracts with Air China and Royal Jordanian Airlines. This follows the start of WFS’ new cargo handling contract at the airport with Cathay …

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Mohammed bin Rashid Attends Launch of DP World Cargospeed

Chennai: Port Wings News Network: Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide …

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Airport Profits Continue To Grow in Australia

Chennai: Port Wings News Network: Brisbane, Melbourne, Perth and Sydney airports all significantly increased their profits from aeronautical activities in 2016-17, with profits per passenger also rising, according to the ACCC’s annual Airport Monitoring Report. The four airports earned a combined $757.6 million in operating profits (EBITA) from aeronautical activities …

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Sabari Logistics Launches Third Warehouse Facility in Chennai

Chennai: Port Wings News Network: The Chennai-based Sabari logistics has inaugurated its third warehousing facility built on 52,000 sqft at Ariyalur village near Ponneri on 21 April. Mr Balakumar, Assistant General Manager in Canara Bank, inaugurated the facility in the presence of Mr S Padmakumar, Chairman of Sabari Group, Mr …

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