Texel Air Australasia flies for Team Global Express
Logistics operator Team Global Express has partnered with Texel Air Australasia to operate four 737-800BCFs ...
Australia’s Team Global Express, previously known as Toll Global Express (TGE), enjoyed a satisfactory fiscal 2023 to the end of March, as we preliminarily pointed out a month ago.
Delving into the numbers lodged with the Australian Securities & Investments Commission, revenues doubled to A$2.8bn, but as the top line rose, the bleeding at operating level (Ebit) led to net losses of -A$72.9m from -A$40.2m a year earlier.
Significantly heavier finance costs at -A$80.2m (from -A$56.9m in fiscal 2022), also weighed on the ...
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Forwarders 'being squeezed' as spot and contract rates move further apart
More ships and more containers needed for 'feverish' box shipping sector
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Demand for air freight 'perking up', but this puts pressure on capacity
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Comment on this article