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
Author: Casandra Aniemeke
Walmart stumbles with its ‘last mile’ package delivery plan
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers. Walmart’s own store employees would bring online orders directly to shoppers’ homes after completing their usual shifts of up
DHL GF, Ethiopian Airlines launch JV to build logistics infrastructure in Africa
DHL Global Forwarding and Ethiopian Airlines have entered a joint venture (JV), “DHL-Ethiopian Airlines Logistics Services Ltd.,” that will serve the entire continent of Africa based from Ethiopia – with Ethiopian Airlines holding a majority stake in the venture. “With its GDP growth, Africa is stepping into the spotlight as production
Auto market demand prompts DHL to triple capacity in Charleston
This week, DHL has invested US$2.2 million in a 16,200-square-foot facility near Charleston International Airport (CHS), which will “shorten delivery times to and from the airport,” and nearly triple the capacity, compared to its previous facility. South Carolina has attracted “some of the largest U.S. automotive manufacturing hubs,” DHL said, referring
UPS reports reduced operating profit in Q2
UPS streamed its second-quarter 2018 earnings call this morning, reporting a 9.6 percent growth in total revenue, but a shrinkage in total operating profit of 13 percent, compared to the same period last year. The figure encompasses the company’s U.S. Domestic Package, International Package and Supply Chain & Freight sectors. Dividing
U.S. freight market throttles back in June
Rapid growth in cargo volumes and spending has started to stretch domestic infrastructure to its limits, according to economist Donald Broughton. Growth in the North American freight market continued in June, but at a slower rate than in recent months, according to the latest Cass Freight Index Report. Shipment volumes increased 7.2
Brazil’s Rio Galeão Airport sees major growth in first half of 2018
Kenya’s Astral Aviation to purchase two Falcon cargo drones
This week, at the Farnborough International Airshow, Dubai-based unmanned aerial vehicle (UAV) company Falcon Drones Technology and Nairobi-based cargo carrier Astral Aviation agreed that the airline will purchase two of Falcon’s Lucas-F250 drones (pictured), with an option to purchase another 10 of the aircraft next year. The drone has an endurance
Panalpina releases positive first-half 2018 results
Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long
