Daily Archives: March 31, 2021

Aramex’s Revenue in FY 2020 Increases 9% to Record AED 5,510 million

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Dubai, UAE – Tuesday, 9th February 2021: Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the Fourth Quarter (Q4 2020) and Full Year (FY 2020) ending 31 December 2020.

In Q4 2020, Revenue increased 13% to AED 1,598 million, compared to AED 1,418 million reported in Q4 2019. This marks the Company’s highest fourth quarter Revenue on record. Q4 is typically a busy shopping season and with more and more consumers turning to e-commerce to buy goods and gifts due to travel and other COVID-19 related restrictions, this supported Aramex’s top line growth for the three-month period. For the year, Aramex’s Revenue was AED 5,510 million, an 9% increase versus FY 2019 and the highest Revenue on record, as COVID-19 accelerated e-commerce activities.

Read more at https://www.aramex.com

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YRC Freight and Reddaway Recognized as 2020 Carriers of the Year by GlobalTranz

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OVERLAND PARK, Kan., March 05, 2021 (GLOBE NEWSWIRE) — Yellow Corporation (NASDAQ: YELL) – GlobalTranz has awarded two 2020 Carrier of the Year honors to Yellow companies: YRC Freight, Cross-Border LTL and Reddaway, Western Regional LTL.

GlobalTranz, a technology company providing award-winning cloud-based multi-modal transportation management system products to shippers, carriers, 3PLs and brokers, presented its carrier awards based on financial performance, technological innovation, collaboration, customer service, growth and overall excellence.

Read more at http://www.hollandregional.com

Commerce Further Delays License Requirement for Aluminum Imports

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On March 29, 2021, in a notice, the U.S. Department of Commerce (DOC) announced the delay in the effective date for the requirement of a license from the Aluminum Import Monitoring and Analysis System (AIM) on certain imports of aluminum.

The provision was initially effective January 25, 2021, before being delayed until March 29, 2021. The new effective date is June 28, 2021. The delay is in response to public comments received after the January effective date delay. A Federal Register Notice is forthcoming.

Read more at info.expeditors.com

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