Logistics - Page 11
K+N appoints Yutaka Matsuyoshi as Managing Director for Japan
Kuehne+Nagel has appointed Yutaka Matsuyoshi as Managing Director for Japan, effective August 1, 2024. His...

DHL Global Forwarding appoints Aditi Rasquinha as Greater China CEO
DHL Global Forwarding, the freight specialist of the DHL Group, has appointed Aditi Rasquinha as the new CEO of DHL...

Logistics funding drops 90% in two years, says McKinsey
After reaching an unprecedented $25.6 billion in 2021, venture funding for logistics start-ups fell to just $2.9 billion...

DB Schenker remains profitable, sale process on course
DB Schenker reported an operating profit of €520 million for the first half of 2024, down 17 percent from H12023 profit...

DSV Q2 revenue up 9% on volume gains across divisions
DSV reported a nine percent increase in revenue at DKK 41 billion for the second quarter of 2024 compared to DKK 37.7...

UPS getting ready for USPS business, bullish on Estafeta
UPS is getting all ready for starting business with the United States Postal Service (USPS), which it won from...

Kuehne+Nagel UAE secures Aggregation Licence
Kuehne+Nagel has secured an Aggregation Licence in the UAE, and complements a similar certification received by the...

UPS Q2 net income drops 32% on lower revenue
UPS reported a 32 percent drop in net income at $1.4 billion for the second quarter ended June 30, 2024 compared to $2.1...

UPS to acquire Mexican express delivery company Estafeta
NYSE-listed UPS has entered into an agreement to acquire Estafeta, a leading Mexican express delivery company. The...

K+N H1 earnings down 33% on exchange rate impact, restructuring cost
Kuehne+Nagel reported earnings of CHF 576 million in the first half of 2024, down 33 percent and net turnover of CHF...

FedEx opens first European life science centre in Veldhoven
Federal Express opened its first European life science centre (LSC) in Veldhoven, the Netherlands. The LSC Veldhoven is...

DB Schenker, Kaden to develop logistics infrastructure in Saudi Arabia
DB Schenker, a global leader in logistics and transportation solutions, announced an alliance with Kaden, a real estate...
