European Union (EU) has replaced US as the biggest market for outbound traffic from India for Fedex Corp. EU now accounts for 27 per cent of Fedex Corps total outbound business from India while the US has slipped to 23 per cent. Earlier, the US shares was 27 per cent while EU was 23 per cent.
Read MoreDFDS TRansport Ltd has won a logistics management contract for a new range of clothing being launched by the 5 times Olympic gold medallist Sir Steve Redgrave.
Read MoreHays Logistics’ strong portfolio of contract renewals and new business gains across Europe helped Hays plc to achieve a solid performance in a difficult market during the period July 1st 2001 to June 30th 2002.
Read MoreScandinavian Airlines System said SAS Cargo has won a new four-year contract with the Norwegian Post Office worth about 170 mln nkr per year.
The new contract makes SAS Cargo “sole supplier for the major share of the Norwegian domestic market,” it said.
Read MoreThe FedEx Corporation will spend $1.8 billion to expand its small package carrier, FedEx Ground, by adding 10 hubs and enlarging 23 others, the company said yesterday. The project will increase the company’s capacity by the end of fiscal year 2009, to 4.8 million packages a day from 2.5 million.
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