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

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 294
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 678
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DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 783
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 542

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