Accellos Inc., a vendor of supply-chain execution software, is expanded its market presence in Africa through a partnership with South Africa-based Dovetail Business Solutions.
For 2013, airlines are expected to return a global net profit of $12.9bn. This is expected to lead to a net profit of $19.7bn in 2014. Both are improvements on previous months. The upward revision reflects lower jet fuel prices over the forecast period as well as improvements to the industry's structure and efficiency. Passenger markets continue to outperform the cargo business, which remains stagnant both on volumes and revenues.
Deutsche Post will invest $206m to double capacity at the European hub of its express delivery business. The DHL Express division, which posted 14-percent growth in third-quarter profit from operating activities to 263m euros, saw its European shipments grow 8.7 percent in January to September of 2013.
Yusen Logistics has joined with Imperial Health Sciences (HIS) to provide a temperature-controlled sea-freight consolidation service to Southern Africa for the pharmaceutical industry.
XPO Logistics Inc., a provider of transportation and logistics services in North America, has acquired Optima Service Solutions, LLC, a non-asset-based specialist in last-mile logistics for retailers and manufacturers in the U.S.