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Infrastructure performance helps Q1 for Agility

May 18 - Global forwarder Agility has revealed Q1 2012 results that show the logistics provider had a net profit of USD 25 million in the quarter.

Tarek SultanAgility's chairman and managing director, says: "[Last year] was the first year that we began reporting our numbers excluding defence and government contracts. Relative to this baseline, 2012 has started off on the right track."

Agility's Infrastructure group contributed USD170.3 million to total revenue in the quarter. Agility's Real Estate business remains the main contributor to revenues of the Infrastructure group, growing 14 percent in Q1 of 2012 relative to Q1 of 2011. Other Agility Infrastructure businesses have also shown continued growth compared to last year, notes Sultan.

"We have worked hard to restructure the business in the last two years, and as a result, we are today a strong and stable company - more streamlined, efficient, and competitive. Although we still have work ahead to complete the turnaround in our commercial business, I am confident that we are focusing on the right priorities. I also believe in the company's workforce - they have been a critical part of our success, and are foundational to our future," he says.

Heavy Lift | News

MACS appoints UAL America as agent thumbnail image

MACS appoints UAL America as agent

April 23 - MACS Maritime Carrier Shipping has appointed Universal Africa Lines, America (UAL America) as its sales agent in Texas, effective June 1, 2019.
Views: 142
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EU recognises Scheuerle and Kamag

April 23 - The EU Commissioner for budget and human resources, Günther Oettinger, congratulated TII Group for a combined 200 years of innovation and competence at its subsidiaries, Scheuerle and Kamag.
Views: 164
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: 321
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: 336

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