Financial

NOL Group swings to US$100m net profit in Q2

Neptune Orient Lines (NOL) has reported a net profit of US$100 million for the second quarter of 2010, up from a net loss of US$146 million in the second quarter of last year.

(Aug 12, 2010)

CEVA’s revenue up 22%, earnings up 18%

New business wins delivered revenues of €451 million in the second quarter for CEVA, helping the company to achieve a 30% increase in revenue.

(Aug 12, 2010)

TNT announces Q2 results and decision to split Mail and Express

TNT has reported generally improving business conditions in the second quarter, with Express volumes significantly higher and a good performance from its Mail division.

(Aug 9, 2010)

Deutsche Post DHL’s growth accelerates in Q2

Deutsche Post DHL generated double-digit revenue growth in the second quarter of this year, and nearly doubled its underlying operating profit compared with the same period last year.

(Aug 5, 2010)

ICTSI reports 83% increase in H1 net income

ICTSI's revenues from port and container terminal operations in the first half of the year rose by 31% year-on-year, with volumes up 26% and EBITDA up 49%.

(Aug 5, 2010)

UPS reports Q2 profits up 56%

UPS has attributed its better-than-expected results to the reorganisation of its US domestic operations and significant growth in the company's international business.

(Jul 23, 2010)

Kuehne + Nagel’s growth accelerates

Kuehne + Nagel's volume development in all business units exceeded the market average in the first half of this year, with accelerated growth in the second quarter.

(Jul 21, 2010)

CMA CGM upgrades two services; prepares for external investors

CMA CGM Group takes delivery of two new vessels; upgrades its Victory Bridge service; and plans to sign with investors by end of July.

(Jul 6, 2010)

The World Customs Organisation (WCO) and The International Air Cargo Association (TIACA) have signed a Memorandum of Understanding to help identify how the air cargo industry can assist in priority customs objectives, and to discuss how these can be best achieved with minimum disruption to commercial operations.

(Jun 29, 2010)

FedEx reports higher Q4 and FY earnings

FedEx delivered strong results in its fourth quarter, due to sequential growth in package volume and the company's ability to leverage its global networks to take advantage of a recovering economy.

(Jun 17, 2010)