One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year. The profit before tax increased from N572million to N653million, while profit after tax also increased from N334.4million to N426.8million. The
Tag: Supply-chain
U.S. Port Volumes Rise as Retailers Add Inventory Ahead of Holiday Season
Ports around the country took in near-record imports in July, pointing to rise in consumer confidence. U.S. retailers and manufacturers are stocking-up their inventories with newfound confidence heading into this year’s peak shipping season when imports typically tick up ahead of the end-of-year holidays. American ports took in the equivalent of 1.72
Ask Larry
Ask Larry email: asklarry@moov.com.ng, asklarry@moovafrica.com _____________________________________________________________ Hi everyone, it’s another Tuesday and we have three issues to deal with. We welcome reactions to the questions and answers from readers. Hi Larry, What are the areas should we focus more in order to improve warehouse transportation? [Joy, Ikeja Lagos] Larry: A warehouse is distribution center or storage
Managing a Successful 3PL Relationship
The term 3PL stands for Third-Party Logistics, a service that allows you to outsource operational logistics from warehousing, all the way through to delivery, and ultimately enables you to focus on your core business. Companies that decided to outsource their logistical needs to a third party provider or 3PL should understand
FedEx to Skip Holiday Surcharges for Most Orders
...Rival UPS has said it would add peak-period fees around Christmas and Black Friday Memphis, U.S.A - FedEx Corp. said it won’t charge additional fees for most orders during the holiday season, in contrast with United Parcel Service Inc., undercutting its main rival as they battle for e-commerce customers. The decision by