Latest news from Heavy Lift & Project Forwarding International Magazine

Forwarders see volumes up, but profits down

October 28 - Two of the world's largest transport and logistics companies, both with a significant presence in the movement of heavy and OOG project cargoes have reported significant increases in transport volumes in the third quarter of 2009 compared to

However, both Panalpina and Kuehne + Nagel said that nine-month volume growth and gross profit performance remain significantly below expectations.

For Panalpina, volumes fell by 25 percent year-on-year based on a nine-month comparison, although airfreight increased by 10 percent between the second and third quarter.

Kuehne + Nagel's seafreight volumes increased by 11 percent between the second and third quarters and said its gross profit was reported to be 7.3 percent below the figure for the first nine months of last year, whereas Panalpina's gross profit in the first nine months declined by nearly 19 percent year-on-year.

Heavy Lift | News

Ceva launches BRI block train thumbnail image

Ceva launches BRI block train

April 22 - Ceva Logistics North Asia has launched a block train service from China to Europe as the company looks to tap into the potential of the Belt and Road Initiative (BRI).
Views: 97
Crowley promotes Sandra Goranovic thumbnail image

Crowley promotes Sandra Goranovic

April 22 - Crowley Maritime has appointed Sandra Goranovic as vice president of finance and accounting for the Crowley Shipping business unit.
Views: 98
Big Bend Channel expanded thumbnail image

Big Bend Channel expanded

April 22 - Port Tampa Bay in Florida has completed the USD63 million expansion of the Big Bend Channel, one year ahead of schedule.
Views: 140
Penman joins Malin React thumbnail image

Penman joins Malin React

April 22 - Malin Group has named Graham Penman as business unit manager of its recently launched Malin React division.
Views: 316

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