Lagos - Red Star Express Plc has released its audited reports for the financial year which ended March 31, 2018, showing a rise in turnover to N8.4 billion from the N7.3 billion the previous year. The revenue growth was attributed to new business initiatives and expansion currently being driven by the
Day: August 2, 2018
Truck owners demand compensation over Apapa gridlock
Lagos - Truck owners plying the access roads along Lagos ports have said that they deserve to be compensated for the number of days their trucks spend in queuing in the persistent traffic gridlock while trying to gain entry into the ports. The Chairman, Road Transport Employers Association of Nigeria, Haulage Section, Tin
Ikorodu Lighter Terminal records growth in containerised, cargo haulage
About four months after the commencement of movement of containers from the Apapa Port Complex by sea to the Ikorodu Lighter Terminal in barges for collection by trailers to other parts of the country, Connect Maritime Services Limited operating the service says it has continued to record growth in the
Lufthansa reports robust growth in Q2 financial report
Yesterday, Germany-based Lufthansa reported solid results for its logistics division for 1H 2018, with earnings before interest and taxes (EBIT) up 48 percent year-over-year to €125 million, from €84 million on revenues that were up 12.3 percent to €1.3 billion. The carrier’s traffic rose only slightly in the first six months