NEWS
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Kuehne+Nagel and DSV see air freight volumes plummet
BOTH Kuehne+Nagel (K+N) and DSV, prominent air freight forwarders, experienced a downturn in cargo volumes, revenues and profits during the second quarter, reports London's Air Cargo News.K+N, known as the world's leading air forwarder, witnessed a 15.5 per cent year-on-year decline in vo...
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DHL first half profit off 32.6pc to US$2.05 billion as sales fall 12pc
GERMAN air forwarding giant DHL posted a 32.6 per cent first half year-on-year net profit decline to EUR1.88 billion (US$2.05 billion) drawn on revenues of EUR41 billion, down 12 per cent."The environment in which our group operates is more challenging today than it was a year ago," sai...
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NYK Line leads the way on biofuels with maiden Vietnam voyage
JAPAN's NYK Line has announced that its 49,035-ton wood chip carrier Daio Astral uses biofuel to reduce CO2 emissions and had transported cargo using biodiesel fuel to Vietnam.This was the first time any NYK overseas-bound vessels had done this. By substituting biofuel for heavy oil, it reduc...
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