Switzerland-based forwarder Panalpina released its financial results for the first quarter of the year, reporting increases in overall profitability, with earnings before interest and taxes (EBIT) up in its Air Freight and Contract Logistics divisions, but down in its weakening Ocean Freight division. Overall EBIT came in at US$25 million, a
Day: April 20, 2018
Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source
FILE PHOTO - Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato/File Photo Nissan will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source
NSC Orders Multinational Shipping Companies to make refund within 4 days of return of empty containers or stop collection of Deposit
...agency also demanded stoppage of indemnity being demanded from customs agents and a waiver of demurrage caused by the gridlock on the roads leading to the Lagos ports as a matter of national interest. Following complaints from shippers about their nightmare over container deposit, the Nigerian Shippers Council (NSC), the ports economic
U.S. diesel fuel prices highest since 2015
U.S. diesel fuel prices highest since 2015 The average price for a gallon of on-highway diesel fuel hits $3.104, with prices the highest in California, according to the U.S. Energy Information Administration. The average price for a gallon of on-highway diesel in the United States stands at $3.104 per gallon, the U.S.
Boeing delivers first 737-800 freighter conversion
The new Boeing 737-800BCF freighter conversion features 12 pallet positions on the main deck. (Image: Boeing) Sweden-based West Atlantic Group will operate the plane, which it expects will “improve reliability, lower aircraft operating costs and provide a better environmental footprint.” Boeing delivered its first 737-800 passenger plane converted to freighter service this