Latest news from Heavy Lift & Project Forwarding International Magazine

Expeditors predicts plummeting profits

July 14 - Expeditors International is forecasting a 33 0.000000all in profits through the company's second quarter of 2009, despite a slight upturn in traffic volumes.

CEO Peter Rose said earnings per share would be between USD0.24 and USD0.26, compared with USD0.32 for the same period last year.

"It goes without saying that 2009 has been an unusual year," he said. "While we did observe some quarter-end strength during June, volumes were still below what we experienced in 2008." 

The official company statement did not provide any data on the immediate prospects for the company's activities in heavy and project freight forwarding, which is an important sector of Expeditors business.

Heavy Lift | News

TRACE launches e-Gov portal thumbnail image

TRACE launches e-Gov portal

February 15 - Anti-bribery trade association TRACE International has launched its e-Gov Portal.
Views: 250
Bolloré and Cosco strengthen ties thumbnail image

Bolloré and Cosco strengthen ties

February 15 - Bolloré Transport & Logistics and Cosco Shipping Lines have signed a memorandum of understanding (MoU) to strengthen their commercial relationships, while exploring new opportunities for cooperation in transport, logistics and port infrastructure.
Views: 406
DSV ups Panalpina bid as Agility enters the fray thumbnail image

DSV ups Panalpina bid as Agility enters the fray

February 15 - Panalpina’s board of directors confirmed that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF180 (USD178.9) per share, all in cash.
Views: 414

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