Kerry Logistics in wonderland 
In its interim results for the first six months of 2021, Hong Kong-based Kerry Logistics reports group revenues of HKD 36.7 billion (USD 4.71 billion), a surge of 68% compared to the HKD 21.9 billion in H1/2020 (USD 2.81 billion). Operating profit also grew significantly to HKD... more
India: major logistics player on the rise
In India, CEP giant Delhivery has acquired Bengaluru-based Spoton Logistics. It is said that the company is enlarging its footprint in order launch an initial public offering (IPO) in due course. Although financial terms were not disclosed, business estimates mention an... more
Better figures for ID Logistics
In its results for the first half of 2021, the French Group ID Logistics reports a 15% increase in revenues to EUR 893.1 million. Operating income surged 37.8% to EUR 27.7 million. Consolidated net profit thus amounted to EUR 14.8 million (H1/2020: EUR 6.5 million). The... more
Swiss Post wins with logistics
In H1/2021, Swiss Post generated a profit of CHF 247 million, CHF 217 million more than in the previous year. At CHF 3.6 billion, operating income was a good 7% higher than in H1/2020. The improved result is mainly due to rising parcel volumes, as the number of parcels delivered... more
Improvements for medical distribution specialist
Trans-of-flex showed a good performance in the first six months of this year. The group specialises in providing temperature-controlled express logistics for medicinal products, pharmaceuticals, cosmetics and consumer electronics in Germany and Austria. In H1/2021, the... more
Making it big in Kentucky
It is indeed a big addition to the network. Amazon's new hub in Northern Kentucky features a 244,000 sqm-sortation facility built on a campus that includes seven additional buildings, a new ramp for aircraft parking and a multi-storey vehicle parking structure. The company... more
Big purchase for Pilot Freight Services
Pilot Freight Services, a global logistics services provider which was founded in Philadelphia in 1971 and bought by Phillips in 1993, has acquired the American Linehaul Corporation (ALC), a non-asset based provider of expedited LTL (less than truckload) services in the United... more
Uzbekistan opts for World Logistics Passport
Uzbekistan has joined the World Logistics Passport (WLP) network to improve its links to worldwide cargo flows. The agreement was signed in Tashkent. WLP is a global, private sector-led initiative designed to smooth the flow of global trade, unlock market access and provide... more
Swiss government confirms ICS2 participation
It remains so. Switzerland has been participating in the Import Control System 2 (ICS2) of the European Union (EU) since 15 March 2021, based on a provisionally applied amendment to the agreement on customs facilitation and security with the EU. This means that customs data,... more
More "Kars" in Peru
KAR Logistics Perú (KAR Peru), a 50-50 joint venture company of Kawasaki Kisen Kaisha, (K Line) and Agencias Universales Perú (Agunsa Peru), has entered into full scale automobile logistics business around Lima, Peru in June 2021. Expectations for a post-Covid boom in the... more