Investors in European airports are likely to wait up to a decade

For valuation multiples to reach pre-crisis levels Although airport deal activity is increasing in Europe, with a number of airports potentially being put up for sale, the slowing pace of growth in passenger numbers in a difficult economic climate means that the high transaction multiples seen before the financial crisis are unlikely to be achieved again for around a decade, according to PwC valuation experts. When credit was plentiful and

Regional Development Minister opens new logistics depot

Logistics specialist Redhead International Logistics specialist Redhead International, one of Great Britain and Ireland’s leading independent logistics companies officially opened the company’s new Northern Ireland depot in Mallusk, on Friday 27th July. The opening ceremony was performed by Northern Ireland’s executive minister for regional development, Mr Danny Kennedy MLA. Also in attendance at the official ceremony were finance minister Sammy Wilson MP MLA, justice minister David Ford MLA, as well

Access acquires warehouse management

Specialist Delta Software Access Group (‘Access’), a leading UK business solutions provider, has acquired West Yorkshire-based Delta Software, a warehouse management specialist, in a £5.4m deal. The acquisition is Access’ fifth since a £50m management buyout, backed by Lyceum Capital in March last year, and is part of its strategy to invest in, and expand its software portfolio to provide a complete suite of integrated business management solutions focussing on

Dachser UK

Announces direct pallet service to Poland Dachser’s logistics services for UK exporters include a daily door-to-door freight service utilising its three depots in the UK and over 150 branches throughout Europe, via a hub and spoke system. The latest addition to Dachser’s network of services is a regular direct line-haul link to its Strykow branch in Poland, from where consignments are delivered across the whole of the country. This new

FB Chain Ltd launch new leaf chain

Specially designed for forklift Hertfordshire-based FB Chain Ltd has announced the launch of a new brand of leaf chain specifically designed for the type of heavy-capacity forklift trucks, reach stackers and container handlers used in and around ports, harbours and other freight terminals. SEB SuperEndurance chain – which controls a truck’s essential hydraulic mast functions – has been developed to ensure the highest levels of truck uptime while minimising the

Trans Ocean lead the way

Flexitank safety initiative Trans Ocean, global leader in bulk liquid logistics, has become the first company to fully comply with the Container Owners Association (COA) recommended Code of Practice for flexitanks. The Code of Practice consists of five parts including; material testing, container selection, container labelling, incident management and training. Until now, significant emphasis amongst shipping lines and flexitank operators has been placed on the rail test yet, as the

David Cameron visits Malaysia Airlines

At Farnborough Air Show Malaysia Airlines’ second Airbus A380 received a VIP visit on Monday July 9th from UK Prime Minister David Cameron, as part of his attendance at the opening day of Farnborough International Air Show. Malaysia Airlines’ Group CEO Mr. Ahmad Jauhari Yahya and Mr Fabrice Bregier, President & CEO Airbus, welcomed the UK Prime Minister on-board the aircraft following the official opening ceremony this morning. Mr. Ahmad

Qatar Airways at Farnborough Air Show

Unveils new boeing 787 On Monday July 9th, Qatar Airways unveiled its new Boeing 787 Dreamliner at the world’s largest aerospace event, Farnborough International Air Show. The global debut of the airline’s new Dreamliner in Qatar Airways’ colours marks a significant milestone for the manufacturer’s 787 Middle East launch customer, which will take delivery of five 787s during 2012. Qatar Airways Chief Executive Officer Akbar Al Baker was joined by

Schiphol wins twice

AFSCA awards Amsterdam Airport Schiphol received double honours in the 2012 Asian Freight & Supply Chain Awards (AFSCA), winning the ‘Best Airport Europe’ category for the eighteenth time and ‘Best Cargo Terminal Europe’ section for the thirteenth occasion. The AFSCA awards, now in their 26th year, honour winning organisations for their leadership, service quality, innovation, customer relationship management and reliability. The awards cover 39 categories, and all voting is independently