Recent Items about: Transportation

Knutsford Express Reports Q4 Profit, However Expenses Continue To Climb

Kuntsford Express Services Ltd is reporting a 43.9% increase in profit for the year ending May 2015 as its profit moved from $50.3m in 2014 to $72.4m in 2015. The organization, which is largely owned by Oliver Townsed, Anthony Copeland, Proven Investment Ltd and Gordon Townsend said there was a $128.5m (39.8%) increase in revenue over the full year period and the increase was primarily due to a growth in passenger travel and courier business. Continue Reading


Kingston Wharves Acquires Shipping Services Ltd For $122m

Kingston Wharves

Kingston Wharves

Kingston Wharves Limited (KWL) has acquired the stevedoring operations of Shipping Services (Stevedoring) Limited for some $122 million in an effort to expand and improve the range of services it offers to shipping lines that call at the Port of Kingston. Continue Reading

Mergers and Acquisitions Tagged

Link: Not A Good Sign Fly Jamaica! Inaugural Flight Delayed.

Fly Jamaica’s inaugural flight did not take place today as scheduled. Please offer a proper explanation… your future depends on it. The Gleaner reports; Jamaica’s newest carrier Fly Jamaica will not take to the skies on its inaugural flight today, … Continue reading

Panama Canal Handles 5% of World Trade. Revising Fees and Routes For 2015

Boats waiting at the Panama Canal. Photo by zachstern

As Bloomberg reports, ‘The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost traffic once a US$5.25 billion expansion is complete in 2015.’ Continue Reading

Macroeconomic, Trade Tagged

Jamaica as a Logistics Hub, Now National Priority. What is involved?

Jamaica as a Logistics Hub. Big Business!

Jamaica as a Logistics Hub. Big Business!

Project of National Importance

Jamaica’s Minister of Industry, Investment and Commerce,  Anthony Hylton has said that the Government is fully behind this new project to position Jamaica as a logistics hub. In signalling its full support for the project the Government has elevated the status of this project to national priority, pointing out that the logistics hub initiative must be viewed as a flagship project, this according to a release from the Jamaica Information Service. Continue Reading

Macroeconomic, Trade Tagged

Cool Petroleum & Union Agree to Salary Increases for Clerical Workers

The National Workers Union (NWU) says it has reached a four-year agreement with the Management of Cool Petroleum Limited, which will see an increase in salaries for clerical workers. Continue Reading

Labour Relations