Houston Region's international trade tops $250 billion in 2014

A major new study into the area  A new study from the Greater Houston Partnership reveals the value of imports and exports the region handles each year has quintupled since 1998.   The Greater Houston Partnership has released its first annual report measuring the region’s ties to the global economy. The study — titled “Global Houston” — finds that the value of annual trade Houston handles has quintupled since 1998,

Alibaba's logistics arm to expand warehouse space

Cainiao will nearly quintuple warehouse space The logistics arm of Chinese e-commerce giant Alibaba Group Holding Ltd is lining up a major warehouse expansion to streamline deliveries across the nation, devoting a large slice of long-term $16 billion investment plans to adding new space. The business, called Cainiao, will nearly quintuple warehouse space it owns now to around 5 million square metre (54 million sq ft) next year – easily

CMA CGM quadruples profits in Q1

Fourfold increase in net profits to $406 million The sharp drop in bunker prices provided a major boost to container shipping group CMA CGM in the first quarter, helping to drive a fourfold increase in net profits to $406 million, despite the volatility on Asia-Europe lanes since Chinese New Year. Volumes rose 10.5% in the period to 3.1 million TEU, chiefly from the increase in volumes on the East-West lines,

Jaguar Land Rover picks DHL

For specialist vehicle movements Jaguar Land Rover has chosen Inside Track, DHL Supply Chain’s specialist automotive sales and marketing services business, to handle special finished vehicles around the world. Inside Track will manage the movement of around 10,000 finished vehicles in country and across geographies using covered or uncovered road transport, by rail, by air or sea freight. The service will support Jaguar Land Rover employees around the world in

TIACA to take the lead with dynamic advocacy

Enhanced value proposition for members TIACA’s new leaders have pledged to drive the air freight advocacy agenda, boost the Association’s membership base, and grow its education program, delegates at the Executive Summit (ES) heard today. TIACA must take center stage to ensure that regulators have essential input from the industry as they take decisions that affect all sectors of the air freight supply chain, according to Sanjiv Edward, Chairman, and

Jungheinrich wins IFOY 2015 Award

For ‘Counterbalanced Trucks up to 3.5 tonnes’ Jungheinrich has taken the trophy in the all-important category of ‘Counterbalanced Trucks Up to 3.5 Tonnes’ at the prestigious International Forklift Truck of the Year Awards 2015 (IFOY) in Munich. The independent jury of international trade journalists selected Jungheinrich’s EFG S30s three-tonne electric counterbalance truck citing its “completely overhauled workplace, featuring numerous innovations”. The Jury said, “Jungheinrich was thinking ahead when it developed

Institute of Export celebrates outstanding academic success

More than 200 students joined key dignitaries Leading figures from the world of international trade have gathered in London to celebrate an unprecedented year of academic success for the Institute of Export (IOE) and to acknowledge the outstanding success of this year’s record number of graduates. In addition to the unparalleled number of students who graduated this year from its Ofqual accredited courses, the IOE has also experienced an outstanding

IAG Cargo expands German capacity

An 18% increase in capacity IAG Cargo is to start using capacity on low-cost Spanish carrier Vueling to increase its flown German cargo capacity by 18% from this month. It said the new capacity provided a major boost to the European airline group’s EuroConnector service, which delivers cargo loads under 300 kilos within either 24 or 48 hours. The new capacity will be introduced from Düsseldorf, Hannover, Stuttgart, Berlin Tegel,