Latest news from Heavy Lift & Project Forwarding International Magazine

Agility posts profit progress

May 8 - Agility posted a net profit increase of 11 percent at KD11.24 million (USD40 million) in the first quarter of 2014 compared with the same period of 2013.

However, revenues for the first quarter dropped by 11 percent compared with 2013 at KD314.28 million (USD1.1 billion), while EBITDA stood at KD22.48 million (USD80 million), a 4 percent increase on the first quarter of 2013.

"Overall, Agility continues to improve its financial performance by focusing on growing its infrastructure portfolio of companies and simultaneously driving transformation of its core commercial logistics (GIL) business," said ceo of Agility, Tarek Sultan.

Revenue for Agility's Global Integrated Logistics (GIL) business dropped 15 percent to KD253.3 million (USD902.2 million) year-on-year in the first quarter of 2014.

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 333
Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 346
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 316
Crosby acquires Gunnebo Industries thumbnail image

Crosby acquires Gunnebo Industries

May 24 - Lifting, rigging and material handling equipment supplier the Crosby Group has acquired Sweden-headquartered Gunnebo Industries from Nordic private equity firm Segulah.
Views: 397

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