Top News

|  AAI pips GMR for Bhogapuram project  |    |  SWR and JSW Steel sign MoU for long-term tariff contract  |    |  Shanghai Port handles 3.44 m TEU in July  |    |  Cathay Pacific carries nearly 14% more cargo in July 2017  |    |  Port of Riga handles 13.8 % rise in box volumes in first 7 months of 2017  |    |  VPT handles 22 mt cargo during first 5 months of FY 2018  |    |  Japan exports rise 13% to USD 59 billion in July  |    |  Asia-Europe rate drops 1.4% to USD 918 TEU, off 1.2% to USWC  |    |  Coal imports at Major Ports down  |    |  Alliance Air to start 4 new services from August 30  |    |  Milaha to start Direct container service between Qatar & Kuwait  |    |  Port of Virginia container volume increases 7.5% in July to 234,230 TEU  |    |  Cosco container terminals increase July volumes 17.3% to 7.6 million TEU  |    |  Oakland handles 209,883 TEU in July, increasing port volume 1.6%  |    |  Container volume up 13.8% in Riga to 245,200 TEU in first 7 months  |    |  SpiceJet hikes excess baggage fee on local fights  |    |  Major Ports profit to rise 40 % this fiscal at INR 7000 crore in FY 2018  |    |  Foreign operators to be invited to develop Bangladesh ports  |    |  NMPT chief highlights green initiatives  |    |  MOL restarts Wellington (NZ) Port call  |   
You are here: Home » International News » Aviation» Agility air cargo beats market, but net revenue falls 24.9%

Agility air cargo beats market, but net revenue falls 24.9%

10 August 2017 | Kuwait
 

transreproter

Agility's air freight tonnage grew 14.7% in the second quarter.

The air cargo performance contributed to a 9.6% increase in revenue for Agility Global Integrated Logistics (GIL), the company's core logistics business, in the quarter, to KWD255.2 million (USD 843.8 million).

The company said, Ocean container volume grew 12.9%, again above the market average. Contract logistics revenue also grew, particularly in the Middle East and Asia Pacific, due to a combination of new and existing warehousing facilities.

Revenue in the quarter was flat compared to the same period a year ago. Net revenue margins contracted 24.9% year on year.

"Revenue in our logistics business is growing because air and ocean volumes are increasing and contract logistics revenue is expanding, but rate pressure continues to affect profitability.” Said Agility vice-chairman and CEO Tare Sultan.

   
Transreproter Logo