Latest news from Heavy Lift & Project Forwarding International Magazine

Lufthansa Cargo charter arm comes to aid of parent's bottom line

March 29 - Lufthansa Cargo Charter Agency has come to aid of parent company Lufthansa Cargo with a doubling of profits last year despite the loss of a third of revenue.

That was the message at the company's recent Frankfurt press conference as parent company Lufthansa Cargo announced record losses of €171 million (USD229 million) for its 2009 financial year.

Business activity for the charter arm was strong for three main reasons: international charter activities are gaining momentum as there is a noticeable shortage of uplift in some markets; shippers are moving to replenish stocks and inventories in RDCs around the world; and crises in Haiti and Chile have required urgent maindeck activity.

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: 254
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: 416
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: 409

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