Panalpina announces the final resolution of claims against it arising from an investigation by the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) for violations of the U.S. Foreign Corrupt Practices Act (FCPA). Under the terms of...
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Panalpina with market share gain, profitability improvement and strong free cash flow in third quarter 2010
In the first nine months of 2010, the Panalpina Group recorded strong volume growth with a 27% increase in Air and a 16% increase in Ocean Freight year-on-year while continuing to outpace the market in both segments; profitability per freight unit (currency adjusted)...
Art Smuck Promoted to President of GENCO ATC Subsidiary – ATC Logistics & Electronics
Rebrands the New Company GENCO ATC - Creates New Opportunities for Diversification and Growth PITTSBURGH, Pa. – October 25, 2010 – GENCO ATC, the leader in product life cycle logistics and North America’s 2nd largest third-party logistics provider, today announced...
Con-way Inc. Reports Third-Quarter Results For 2010
SAN MATEO, Calif. - November 02, 2010 Con-way Inc. (NYSE:CNW) today reported a net loss to common shareholders for the third quarter of 2010 of $8.2 million (15 cents per share). The results compared to third-quarter 2009 net income to common shareholders of $13.5...
RedPrairie introduces Environment Manager module to enhanced Warehouse Management solution
New feature enables easier template-based reconciliation of test and production data for multiple sites and clients ATLANTA – RedPrairie Corporation, a productivity solutions provider, introduced a new enhancement to its Warehouse Management solution today that...
FedEx Express to Acquire AFL Pvt. Ltd. Businesses
Customers Will Benefit from Increased Coverage Area and Service Offerings across India Mumbai — November 3, 2010— FedEx Corp. (NYSE:FDX) announced today that its FedEx Express business unit will acquire the logistics, distribution and express businesses of AFL Pvt....
LeanLogistics of Canada Welcomes Air Canada to Growing Client Base
Holland, Mich., – LeanLogistics, a global leader in innovative SaaS transportation technology and supply chain services, welcomes its first Canadian client, Air Canada, to its growing base of international clients. In this new strategic partnership, Air Canada will...
FedEx Express Launches the Second Route Using the New Boeing 777 Freighter to Meet Growing Demand in Southern China
First Direct flight from Shenzhen to the FedEx Super Hub in Memphis, TN USA SHENZHEN, Nov. 2, 2010— Today, after launching the first new Boeing 777F (777F) in Shanghai in January this year, FedEx launched the second 777F route in Shenzhen, with four flights weekly...
UPS Statement on International Shipping Investigation
Atlanta, November 01, 2010 UPS is fully cooperating with authorities around the world as they investigate potentially suspicious packages being shipped through cargo networks. Because security is of the utmost importance, UPS has suspended service out of Yemen until...
UPS Sets 2011 Rates
Atlanta, November 01, 2010 New Pricing To Take Effect Jan. 3, 2011 UPS (NYSE:UPS) today released new published rates for 2011, including a net increase of 4.9 percent for UPS ground packages and a net increase of 4.9 percent on all air express and U.S. origin...
Flextronics Medical to Open Malaysia Facility to Complement Existing Low-Cost Footprint and Support Growth for Manufacturing Services
SINGAPORE, Nov. 1, 2010 /PRNewswire via COMTEX/ -- Flextronics (Nasdaq: FLEX) today announced that Flextronics Medical will open a dedicated, 180,000 square foot facility in Senai, Johor, Malaysia. This expansion will support a significant rise in demand from medical...
TNT N.V. has published its Q3 2010 results
Q3 HIGHLIGHTS GROUP Operating income € 143 million (€ 179 million in Q3 2009) Underlying* operating income € 157 million (€ 184 million in Q3 2009) Profit attributable to shareholders € 75 million (€ 99 million in Q3 2009) EXPRESS Underlying* revenues increased by...
Yemen Shipment Embargo
In cooperation with the FBI, local authorities have confiscated a suspicious package at the FedEx facility in Dubai. The shipment originated in Yemen and as an additional safety measure, FedEx has embargoed all shipments originating from Yemen. The Company is...
Statement on UPS Package Investigation
Atlanta, October 29, 2010 UPS is fully cooperating with authorities who are monitoring reports of potentially suspicious packages on board cargo flights. We can confirm that authorities have investigated two aircraft in Philadelphia and one in Newark. All of these...
Frederick W. Smith to Receive Marshall Foundation Award
Lexington, Va.—Frederick W. Smith, chairman, president and chief executive officer of FedEx Corporation, will receive the 2010 George C. Marshall Foundation Award following a luncheon Nov. 16 at American Red Cross headquarters in Washington, D.C. The Marshall...
Kuehne + Nagel extends logistics capacities in Catalonia
Barcelona, October 28, 2010 - Kuehne + Nagel has opened a new facility in the Barcelona logistics area “ZAL”. It serves as transhipment platform for the Group’s growing activities in the field of international transport and as multi-user warehouse for its contract...
Ingram Micro Reports Third-Quarter 2010 Financial Results
Sales, Operating Income and Net Income Grow to Highest Third-Quarter Level Since 2007 Company Authorizes New $400 Million, 3-Year Stock Repurchase Program SANTA ANA, Calif., Oct 28, 2010 /PRNewswire via COMTEX/ -- Ingram Micro Inc. (NYSE: IM), the world's largest...
FedEx Launches Global Business Data Visualization Experience
October 28, 2010 - FedEx Corporation today launched the next evolution of its ambitious global advertising effort, “FedEx Delivers to a Changing World.” The heart of the campaign is a digital web experience that puts global business trends and insights at visitors’...
KPN renews it’s collaboration with CEVA for third time
CEVA to provide full supply chain services for a further three years Hoofddorp, The Netherlands, 28 October 2010 – CEVA Logistics, a leading global supply chain management company, has extended its agreement with KPN, the leading telecoms operator in The Netherlands,...
