Latest news from Heavy Lift & Project Forwarding International Magazine

Forwarders see revenues rise

August 5 - Expeditors International registered second quarter gross revenue growth of 67 percent and increased net sales by 27 percent.

The company appears to be benefiting from a growing recovery in global trade 
posting a profit of USD90.3 million, up from USD54.1 million a year 
earlier.

Total revenue surged 69 percent to USD1.52 billion. 
Expeditors saw airfreight revenues nearly double, whilst oceanfreight 
revenues jumped 65 percent.

Meanwhile, DSV's interim results for 2010 show consolidated turnover for the 
first six months (ended 30 June) rose from DKK 18.267 billion (USD 3.233 
billion) in the first half of 2009 to DKK 20.406 billion (USD 3.612 
billion).

Earnings before interest, tax and amortisation (ebita) increased from DKK 
804 million (EUR 142.298 million) to DKK 1.038 billion (around USD183.71 
million).

Heavy Lift | News

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Crowley realigns activities

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Bob Felix joins UTC thumbnail image

Bob Felix joins UTC

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Qube in LCR takeover

May 17 - Australia-based Qube Holdings has acquired industrial logistics service provider LCR Group in a deal valued at AUD135 million (USD93.2 million).
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