Agility Ventures invests $18m in green supply chain tech

Agility Ventures, the corporate venture arm of Kuwait-based logistics provider Agility Logistics, has invested $18 million in technologies to make its supply chain more energy-efficient, Agility announced today. The announcement came as part of Agility’s 2019 sustainability report, in which the company affirmed its plan to cut emissions from 2016 levels by 25% by 2025. […]

Agility sees another strong quarter for revenue, but airfreight falls

Kuwait-based logistics provider Agility reported a 3.2% year-over-year increase in its revenue for the second quarter alongside an 8.1% increase in profit for the quarter, despite an airfreight market afflicted by “volume declines and shifts that have resulted from U.S.-China tariffs and import restrictions,” the company said in a statement on the results. Across the […]

Agility posts growth in Q1 revenue, airfreight tonnage

Kuwait-based Agility’s airfreight business grew across several trade lanes and sales channels in the first three months of 2019, resulting in a tonnage growth of 5.2% in the first quarter. As a whole, Agility posted a net profit of $66.8 million, 7.3% higher than in the first quarter of 2018. Earnings before interest taxes, depreciation […]

Agility sets bullish logistics outlook for 2018

Kuwait-based 3PL Agility has published its “2018 Emerging Markets Logistics Index,” a sweeping overview that actually takes into consideration markets that are technically past the “emerging” designation, to provide a logistics outlook for the global economy. The report’s airfreight coverage confirms growth where most observers expected it to be, but also delivers a few surprises, […]

Agility opens first temperature-controlled life-sciences facility at Hyderabad

Kuwait-based logistics company, Agility, has opened the first temperature-controlled life-sciences storage and handling facility in the Hyderabad Airport Zone. The 6,000-square-foot facility is located at Rajiv Gandhi International Airport, within easy reach of supply chains for Indian pharma manufacturers in Hyderabad, Goa, Pune, Vishakhapatnam and Bangalore. The center will provide conditioning, preparation and storage of […]

Infrastructure earnings offset declining logistics revenues at Agility

Kuwait-based freight forwarder Agility reported a net profit of US$51.59 million in its third quarter financial results for 2016, an increase of 11 percent over Q3 2015. Third-quarter EBITDA, meanwhile, rose 19 percent, year-over-year, to $94.97 million, despite revenues falling 7 percent, y-o-y, to $1.03 billion. Logistics revenues declined 8 percent, y-o-y, to $751.4 million […]

Agility’s Sultan expects to grow earnings tenfold by 2020

For the first quarter of 2016, Agility yesterday reported a net profit of US$43.5 million, a respectable increase of 10.9 percent compared with the first quarter of 2015, which itself was a strong quarter for the air cargo world, due to the U.S. West Coast port slowdown. Earnings before interest, taxes, depreciation and amortization (EBITDA) […]

Agility reports jump in net profit despite falling revenues

Lower gross revenues for Agility, the Kuwait-based integrated logistics provider, did not put a damper on the company’s 5 percent year-over-year jump in 2015 net profit, which grew to US$175 million. The group blamed “challenging market conditions and exposure to currency fluctuations” for the drop in gross revenues, which, along with earnings before interest, tax, […]

Cargolux, Oman Air extend service to Mumbai

Nearly a year after forming a cooperation agreement to launch freighter service between Luxembourg and Chennai, India, Oman Air and all-cargo carrier Cargolux are expanding their partnership with twice-weekly service to Mumbai, beginning March 8. Under the new agreement, the first weekly 747 service, operated by Cargolux, will use a Luxembourg-Bahrain-Mumbai-Muscat-Luxembourg route, leaving on Tuesdays. […]

Emirates adds new nonstop to Iran

In the wake of June’s historic nuclear program accord between Iran, the United States and various other nations, Emirates took steps to add capacity between Iran and Dubai. Beginning Sept. 1, Emirates SkyCargo will begin five weekly nonstop flights to Mashhad, Iran, which will become the carrier’s second Iranian destination after Tehran, which it has […]

Cargo airport, aerotropolis planned for Iraq

Kuwait contractor, Al Nasriyah Al Kuwaitiah Company, was awarded the contract to build and operate the proposed Diwaniya Airport and Aerotropolis in the south-central Iraq province of Diwaniya. The US$1.35 billion project is scheduled to be built in three phases. The first is for constructing the airport buildings; the second for establishing a free trade zone; and the […]