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Hungary’s largest airport establishing itself as a regional air freight hub

  Budapest eyes larger regional freight role after record 2017 Hungary’s largest airport is establishing itself as a regional air freight hub, handling 127,145 tonnes of cargo in 2017. Starting this year, two carriers plan to operate flights to the U.S. from Budapest Airport (BUD), and next year, the airport will open

Deutsche Post drives up revenues in all divisions in 2017

  The German mail and logistics company posted revenues of 60.4 billion euros for the year, rising 5.4 percent from 2016, despite encountering headwinds from currency effects. Deutsche Post DHL Group recorded a consolidated net profit after non-controlling interests of 2.7 billion euros (U.S. $3.3 billion) in 2017, inching up 2.8 percent

Panalpina moves highest volumes in company history

Switzerland-based forwarder and logistics services provider Panalpina ended an eventful year, in which it made some notable acquisitions in the perishables sector, and reported record-breaking volume and profitability. Air freight volume for the full year increased 8.1 percent to a record 995,900 tonnes. While it may be tempting to assume that the figure

UPS announces further expansion of its Worldwide Express service

The endeavour, which is comprised of expanded service into 57 countries and territories, including Brazil, India, and South Korea, and five new countries receiving Express service, including Bangladesh and Madagascar, said UPS. UPS said this week that its UPS Worldwide Express Service now is available in 124 countries and territories. This service provides customers with

Increased volume not translating to better margins, e-commerce study shows

You don’t have to be Alan Greenspan to see that e-commerce is the new frontier of retail, but what does the shifting market mean for logistics companies supporting the change? According to a study conducted by market research organization Transport Intelligence (Ti), conducted during the recent holiday season, logistics firms may