Lufthansa, the German airline, has agreed to sell its ground handling subsidiary GlobeGround to Penauille Polyservices, the French business services group. The deal will create the world’s biggest provider of ground handling services operating at 199 airports in 39 countries with a workforce of more than 30,000.
Read MoreSix leading transportation service and technology providers have formed a joint venture aimed at providing small and medium shippers with the same quality of service that large shippers are able to command – and at similar prices.
United Airlines, American Airlines, Roadway Express, UTi Worldwide, Unisys Corp. and G-Log are partners in the venture, to be called Integres Global Logistics.
Read MoreAir France said net profit rose 19% in its latest fiscal year to a record €421 million ($360 million). The company said that strong sales growth helped offset a rise in fuel prices and the cost of integrating regional carriers. Revenue rose 19% to $10.5 billion. For the fiscal year ended March 31, 2001, operating profit rose 23% to $378.5 million. That matched analysts’ expectations
Read MoreLufthansa AG and Deutsche Post AG, Germany’s state-controlled postal service, have formed a joint venture for online purchasing. The venture, called Trimondo GmbH, will create an Internet marketing Web site to obtain supplies in Europe. More than 100 companies will use the site to market over 2 million items, ranging from tools to computer accessories, according to a Bloomberg report.
Read MoreTNT Logistics has come an agreement with the Brazilian airline TAM, one of the country’s leading airfreight carriers. This cooperation will offer a broad range of logistics services to manufacturers that have production lines in Brazil, with TAM taking care of airfreight and cargo distribution and TNT of warehousing and road haulage.
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