Thursday, November 14, 2019

Agility reports drop in Q3 air freight volumes as trade concerns linger

Agility’s net profit increased 8.4 percent to KD 21.7 million in the 3rd quarter of 2019.  Logistics

Nov 14,2019: Global logistics provider Agility’s third-quarter earnings reflected a drop in air freight volumes weighed down by “trade concerns and lower demand from customers across industries and geographies.” The Q3 air freight volumes slid 15.8 percent (in tonnage) but this decline in volume was partially offset by higher yields - expressed as net revenue/tonne – which increased 15.5 percent. As a result, air freig

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