Latest Updates

Agility Opens Regional Logistics and Distribution Hub in Bahrain

28,500 sqm facility expands capabilities in key market

MANAMA, Bahrain – January 10 2019 Agility, a leading global logistics provider, opened a 28,500 square meter facility in Hidd to expand its warehousing, freight, transport and specialty capabilities and serve as a regional logistics and distribution hub.

The new facility supports contract logistics with ambient, chilled and frozen storage, as well as solutions for high-value cargo. It will offer secure records management and storage and turnkey logistics for Bahrain-based manufacturers in the fast-moving consumer goods industry.

Agility is a leading provider of cross-border transportation, owning and operating a fleet of over 200 vehicles. Agility also facilitates customs brokerage for a number of multinational organizations based in Bahrain.

Essa Al-Saleh, CEO of Agility Global Integrated Logistics, said: “Bahrain is one of our key operational markets in the Middle East, offering high-quality infrastructure and a diverse community of regional business players. With an expanding population in the GCC and an increase in demand for integrated logistics services, our investment in Bahrain will help us better serve customers in the region. The opening of our new facility is a testament to our commitment to this promising market.”

The new facility, which has storage capacity of 17,000 pallet positions, represents a $10 million investment by Agility. It follows expansion of the company’s overland fleet in Bahrain to support its regional operations.

H.E. Mr. Zayed Alzayani, Bahrain’s Minister of Industry, Commerce and Tourism, said: “The Kingdom of Bahrain is undergoing rapid economic transformation and continuing to attract international investment, with the logistics industry playing a major role towards this. The industry benefits not just from Bahrain’s strategic geographic location, but also its growing infrastructure, established transport links and policies that are conducive to fostering business. The expansion of the regional logistics and distribution hub is a natural step for Agility, who have been steadily developing their operations in Bahrain since 2003.”

A recent World Bank report estimates that Bahrain’s economy will grow by 2.6 percent in 2019, driven by higher oil production and mega projects. In 2017, the total value of foreign direct investment (FDI) reached $733 million, with the share of transport and logistics being 10 percent.

Mr. Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board, said: “Bahrain offers the lowest setup and operating costs for a logistics business with cost savings of 30 to 40 percent compared to the rest of the GCC. This has encouraged several companies to utilize our ports and free zones in order to set up businesses and access the Gulf Cooperation Council, and the Arab world. Agility’s investments in the local logistics industry are testament to the business confidence that Bahrain provides.”

About Agility
Agility is a global logistics company with $4.6 billion in annual revenue and 22,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

Posted in Agility General Update

Agility Appointed to Handle InfoComm Events in the U.S.

Selected to be official freight forwarder and customs broker for 2019 and 2020

IRVINE, Calif. – January 9, 2019 – Agility, a leading global logistics provider, has been appointed as the official international freight forwarder and customs broker for InfoComm USA 2019 – 2020.

InfoComm is the largest professional trade show in the United States for the audiovisual and unified communications industry. The Audiovisual and Integrated Experience Association (AVIXA), headquartered in Fairfax, Virginia, produces the event each year. Agility Fairs & Events will assist exhibitors and their contractors with international logistics services, including freight forwarding; US Customs formalities; post-show warehousing; and expedited on-forwarding.

Margaret Churchill, Vice President of Agility Fairs & Events, United States, said: “This important award further expands Fairs & Events’ position in the global communications events market and broadens our technology portfolio. Agility Fairs & Events currently handles AVIXA’s InfoComm events in India and Beijing, China, as well as the Integrate show in Australia, produced in association with AVIXA, giving us an in-depth knowledge of the industry’s special needs and requirements.”

InfoComm’s 2019 event will be held at the Orange County Convention Center in Orlando, Florida. The 2020 show will be at the Las Vegas Convention Center in Las Vegas, Nevada.

About Agility

Agility Global Integrated Logistics is one of the world’s top freight forwarders and providers of contract logistics. It offers ocean, air and road freight, warehousing and distribution, and integrated supply chain services in more than 100 countries. Agility GIL also provides specialist solutions for capital projects, oil and gas, chemicals, and fairs and events logistics. GIL and its parent, Agility, are pioneers in emerging markets, and leader and investors in the use of technology to enhance supply chain efficiency.  Agility is a publicly traded company with $4.6 billion in annual revenue.

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility 

YouTube: youtube.com/user/agilitycorp

Posted in Press

Agility Africa Wins Two ‘Company of the Year’ Awards

Logistics provider singled out for investments and corporate social responsibility in Africa

DUBAI – December 13, 2018 – Agility, a leading global logistics provider, has been recognized as Company of the Year by both The West Africa Regional Magazine and at the Meet the Farmers conference.

Agility Africa was named “Logistics Company of the Year” at the 2018 Meet the Farmers Conference last month in Dubai. The award recognized Agility Africa for its investments and initiatives across the continent, as well as for its corporate social responsibility activities. The Meet the Farmers Conference connects large-scale agricultural commodity producers with buyers.

In August, Agility Africa was selected as “Investment Company of the Year” by The West Africa Regional Magazine (TWARM), which recognized Agility Africa for its contributions to the growth and development of Africa through infrastructure solutions and world-class warehouses.

Agility is building a network of international-standard logistics parks in key markets across Africa to support the development of domestic and regional trade. Agility Africa currently has a 41-acre logistics park in Ghana and will open logistics parks in Maputo, Mozambique; Lagos, Nigeria; and Abidjan, Cote D’Ivoire in 2019.

“Agility Africa believes that in order to support economic development and drive growth and prosperity, the necessary infrastructure must be in place to enable trade. Being recognized with these awards is testament to our commitment to developing world-class logistics and warehouse parks across the continent,” said Geoffrey White, CEO of Agility Africa.

The Logistics Company of the Year award was presented at the Meet the Farmers at the H-Hotel in Dubai, under the patronage of H.E. Saud Salim Al Mazrouei. The awards honored companies in logistics, agri-tech, sustainability, business excellence, as well as those involved in UAE and African development. The “Investment Company of the Year” award was presented at the TWARM awards dinner in Dubai and honored companies in Investments, Business and Leadership.

About Agility

Agility Logistics Parks is one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and South Asia. It funds, builds and manages world-class facilities and infrastructure that help companies operate in the world’s fastest-growing markets. Agility Logistics Parks’ parent, Agility, is a pioneer in emerging markets and a leader and investor in technology to enhance supply chain efficiency. Agility is a publicly traded company with $4.6 billion in annual revenue. Across Africa, Agility is funding and developing a network of international-standard warehouse parks providing reliable logistics infrastructure in a secure environment with consistent power and IT connectivity, with logistics parks in Ghana, Cote D’Ivoire, Mozambique and Nigeria.

For more information about Agility, visit www.agility.com/africa

Twitter: twitter.com/agilityafrica

LinkedIn: linkedin.com/company/agilityafrica

YouTube: youtube.com/user/agilitycorp

Posted in Agility General Update

Shipa Freight Named “Logistics Technology Platform of the Year”

New online freight platform captures honor at inaugural Dubai logistics awards

DUBAI – Shipa Freight, the leading online freight platform, was named Logistics Technology Platform of the Year at the first-ever Transport and Logistics Middle East Awards in Dubai.

The award, presented by Transport & Logistics Middle East, recognized the platform that offers the best solutions through use of cutting-edge technologies such as automation, smart freight forwarding and data analytics to increase speed, efficiency and safety while lowering costs in operations and systems.

Shipa Freight, launched in April, is the first fully integrated online freight platform that allows users to get rate quotes and book, pay and track ocean and air shipments around the world online. Shipa Freight allows users, especially small and medium-sized businesses, to manage international shipments with a simple, easy-to-use tool accessible by computer, tablet and mobile app.

Toby Edwards, CEO, Shipa Freight, said: “This award has huge significance, especially considering that we’ve only been serving customers for a short time. It shows the impact we’ve already made with our technology and the value we are bringing to our customers, particularly to SMEs competing with bigger rivals and trying to grow through cross-border trade.”

The award was presented on November 12 at the Roda Al Bustan Hotel in Dubai. The ceremony brought together the most prominent players from the Middle East logistics and supply chain sector. The awards honored companies implementing state-of-the-art operations and processes that are changing the logistics sector in the region.

Shipa Freight is backed by Agility’s global network of more than 22,000 experienced employees in over 100 countries, It gives customers the support of a trusted global network and allows small and medium-size companies to access the world’s growing markets. Shipa Freight is one of several technology-led innovations that Agility is using to make logistics more efficient and effective for customers.

About Shipa Freight

Shipa Freight is the first fully integrated online freight platform. It provides small and medium-sized businesses with instant, no-obligation rate quotes and allows customers to book, pay and track ocean and air shipments around the world. Based in Dubai, Shipa Freight is backed by Agility, one of the world’s leading logistics providers, operating in more than 100 countries worldwide.

For more information about Shipa Freight, visit www.shipafreight.com/

Twitter: twitter.com/ShipaFreight

LinkedIn: linkedin.com/company/shipafreight/

YouTube: youtube.com/ShipaFreight

Posted in Agility General Update

Agility Malaysia Receives ‘30 Years of Excellence Award’

Recognizes achievements in events logistics

KUALA LUMPUR, Malaysia – October 18, 2018 – Agility, a leading global logistics provider, received the 30 Years of Excellence Award from the Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS).

The award honors Agility Malaysia for its outstanding achievements in the business events industry. In Malaysia, Agility is a recognized leader in full-service, end-to-end management of trade fairs, expositions and events transportation.  Agility has handled a number of major exhibitions in Malaysia, including key defense, sports and entertainment events, auctions and fine arts showcases.

The evaluation for the award was based on criteria that include at least 30 years of continuous success and commitment in achieving excellence, financial stability, and professional integrity,  as well as a commitment and contribution to the community in addition to industry and market leadership.

“Agility has come a long way to become a cohesive organization with employees who work toward mutual goals and contribute to business excellence. We are undergoing a digital transformation that will continue to enable us to innovate and improve the way we meet the logistics requirements of our customers and bring more convenience to the community,” Agility Malaysia CEO Richard Strollo said.

MACEOS is an association of roughly 100 companies, including exhibition organizers, conference organizers, destination management and event management companies, venue owners, hoteliers, IV/AV suppliers, stand contractors and freight forwarders. MACEOS is recognized as the voice of the meetings, incentives, conferences and events (MICE) industry in Malaysia, and has a focus on education to build human capacity for the industry.

About Agility

Agility Global Integrated Logistics is one of the world’s top freight forwarders and providers of contract logistics. It offers ocean, air and road freight, warehousing and distribution, and integrated supply chain services in more than 100 countries. Agility GIL also provides specialist solutions for capital projects, oil and gas, chemicals, and fairs and events logistics. GIL and its parent, Agility, are pioneers in emerging markets, and leader and investors in the use of technology to enhance supply chain efficiency.  Agility is a publicly traded company with $4.6 billion in annual revenue.

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

Posted in Agility General Update

Agility’s Carbon Measurement Tool Certified by the Carbon Trust

Certification gives customers opportunity to accurately offset estimated CO2 emissions

KUWAIT CITY – October 17, 2018 – The Carbon Trust, an independent expert in sustainable strategies and technologies, has validated the methodology and processes that Agility uses to generate carbon footprint reports for logistics customers.

The Carbon Trust’s assurance allows Agility to demonstrate that its carbon reporting methodology and processes comply with the organization’s reporting guidance for transparency and accuracy. To receive assurance, Agility developed a methodology to ensure the accurate monitoring, quantifying and reporting of CO2 emissions data from the movement of customer cargo.  This methodology was audited extensively and approved by the Carbon Trust, and it has now been incorporated into Agility’s carbon reporting processes.

Agility has been providing free carbon footprint reports to customers since 2009, enabling them to track and reduce the amount of CO2 emissions created in their supply chains. With the Carbon Trust assurance, Agility’s customers can now use the free CO2 reports to offset emissions resulting from the transportation of their shipments. This information is also available to small and medium-sized logistics customers (SMEs) using Shipa Freight, the online freight service powered by Agility. Shipa Freight customers will get free CO2 emissions estimates for their shipments when they receive quotes and invoices.

Frank Clary, Agility’s Vice President of Corporate Social Responsibility, said: “Agility and others in the logistics industry are determined to address the challenge of climate change. The Carbon reporting that is validated by an internationally recognized expert such as the Carbon Trust is a key part of this. Armed with accurate information, our customers can understand their carbon footprint and take steps to create cleaner, and in some cases zero-emission supply chains by offsetting reported CO2 emissions.”

Clary said that for the first time SMEs can also make use of carbon-estimating technology to scrutinize their supply chains and choose shipment options that reduce their emissions. “Shipa Freight, our online freight platform, provides SME customers with this information even at the quote stage. That helps them make informed, accurate decisions for their business and the environment.”

Hugh Jones, Managing Director, the Carbon Trust, said: “Companies are starting to pay a lot of attention to the carbon emissions in their supply chains, especially in areas with the highest impacts such as logistics. By taking a best practice approach to emissions measurement, Agility is able to meet this demand by supplying its customers with accurate, credible data which they can rely on to understand, manage and offset carbon emissions. At the same time, Agility’s Carbon Trust-assured measurement should unlock new opportunities, demonstrating Agility’s competitive advantage in offering carbon cutting solutions, which are often synonymous with efficiency and effective cost savings.”

Agility uses sustainable business practices in its own operations and works with customers and suppliers to develop and adopt sustainable practices. EcoVadis, an independent organization that evaluates and rates corporate sustainability programs, recently ranked Agility in the top 4 percent in environmental performance in its industry.

About Agility

Agility is a global logistics company with $4.6 billion in annual revenue and 22,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services.  For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

For more information:
Sabrina Mundy

teamagility@manbitesdog.com

+44 1273 716 826

Man Bites Dog

About the Carbon Trust

Established in 2001, the Carbon Trust works with businesses, governments and institutions around the world, helping them contribute to – and benefit from – a more sustainable future through carbon reduction, resource efficient strategies, and commercialising low carbon businesses, systems and technologies.

  • We work with corporates and governments, helping them to align their strategies with climate science and meet the goals of the Paris Agreement.
  • We provide expert advice and assurance, giving investors and financial institutions the confidence that green finance will have genuinely green outcomes.
  • We provide independent insight and support the development low carbon technologies and solutions, building the foundations for the energy system of the future.

Headquartered in London, we have a global team of over 30 nationalities based across five continents.

For more information:

press@carbontrust.com

+44(0)207 170 7050

Posted in Agility General Update

Agility Appointed to Handle Futurebuild 2019 in London

Official freight and on-site handler for leading “built environment” event

LONDON – September 27, 2018 – Agility, a leading global logistics provider, has been appointed as the official freight and on-site handling contractor for Futurebuild 2019, the leading event for “built environment” industries that include construction, engineering, architecture, design, planning, materials, landscaping and sustainment.

Held annually at ExCeL London, Futurebuild showcases the latest built environment ideas and technology and is expected to draw more than 26,500 senior decision makers and other visitors.  Agility will provide full global exhibition freight and on site services including; freight forwarding; pre- and post-show warehouse handling; and forklift and heavy lift operations.

Martin Hurn, Managing Director of Futurebuild Events, said: “Agility has a proven track record of supporting the delivery of some of the world’s leading events and exhibitions, and its expertise will be a huge benefit to our exhibitors and visitors in making sure the event runs smoothly. As Agility is onsite at ExCeL, we’re able to significantly reduce road freight in the run up to Futurebuild 2019. This also means we can make use of vast storage space, and maximize re-use of exhibition materials in future events.”

Garcia Newell, Business Development Director for Agility Fairs & Events UK, said: “Our extensive experience working at ExCeL London, as well as our onsite facilities, will help Agility provide seamless services to both Futurebuild Events and their exhibitors.”

About Agility

Agility is a global logistics company with $4.6 billion in annual revenue and 22,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services.

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

 

Posted in Agility General Update

Agility Receives WDA(H) Authorisation for Pharmaceuticals

Authorisation covers two pharmaceutical facilities in the United Kingdom

BRISTOL, United Kingdom – September 17, 2018 – Agility, a leading global logistics provider, has received a Wholesaler Distribution Authorisation (for Medicines for Human Use) from the UK Medicines Healthcare & Regulatory Agency (MHRA).

The certification, referred to as WDA(H), authorizes warehousing and cross-dock of a wide range of pharmaceuticals, including finished products and active pharmaceutical ingredients (API) under ambient and cold chain conditions.

The certification covers the Agility-managed pharma storage facility at London’s Heathrow Airport and a second pharma competence centre in Bristol. The WDA(H) allows Agility  to provide a number of additional services, including pick-and-pack operations for the distribution of stored products to hospitals, pharmacies and other distributors, the re-packing into active and passive shipping configurations, and the distribution of clinical trial materials.

Colm McAlinden, Managing Director for Agility Area North West, said, “With this new certification, we are able to expand our Life Science service offerings in the UK and operate on behalf of our customers, particularly virtual wholesalers, brokers and importers. The certification also provides Agility with flexibility for post-Brexit import and export regulations.”

In the UK, Agility also provides logistics services to the aerospace, automotive, hi-tech, and retail industries. Agility offers more than 27,000 sqm of open and bonded warehouse space across 17 locations, including temperature-controlled storage. Agility’s combination of local service and global resources has helped it establish relationships spanning 15 to 20 years with many customers in the country.

About Agility

Agility brings efficiency to supply chains in some of the globe’s most challenging environments, offering unmatched personal service, a global footprint and customized capabilities in developed and developing economies alike. Agility is one of the world’s leading providers of integrated logistics. It is a publicly traded company with more than $4.6 billion in revenue and more than 22,000 employees in over 500 offices across 100 countries. Agility’s core commercial business, Global Integrated Logistics (GIL), provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility’s Infrastructure group of companies manages industrial real estate and offers logistics-related services, including e-government customs optimization and consulting, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.

For more information about Agility, visit agility.com

Posted in Pharmaceuticals

Agility Reports 19% Q2 Earnings Increase

Agility Reports 19% Q2 Earnings Increase

 

 

Q2 2018

(Million KD)

Q2 2017

(Million KD)

Variance

(%)

H1 2018

(Million KD)

H1 2017

(Million KD)

Variance

(%)

Revenue 384.2 342.1 12.3% 756 662.6 14.1%
Net Revenue 124.3 117.8 5.5% 248.9 228.6 8.9%
EBITDA 37.1 32.6 13.6% 74.8 63.4 18 %
Net Profit 20 16.8 18.7% 38.9 31.4 23.9%
EPS (fils) 13.8 11.6 18.7% 26.9 21.7 24%

KUWAIT – August 6, 2018 – Agility, a leading global logistics provider, today reported second-quarter earnings of 13.8 fils per share on net profit of KD 20 million, an increase of 18.7% over the same period in 2017. Agility EBITDA grew 13.6% to KD 37.1 million. Revenue increased 12.3% to KD 384.2 million.

First-half earnings of 26.9 fils per share and net profit of KD 38.9 million were up 24%. First-half EBITDA was KD 74.8 million, an increase of 18%. Revenue for the first half was KD 756 million, an increase of 14.1%.

Tarek Sultan, Agility Vice Chairman and CEO, said: “Our second quarter results were in line with expectations and consistent with the previous growth trend the company has been seeing. Agility’s Infrastructure companies performed well, as did our logistics business, which witnessed another quarter of volume and revenue growth despite margin pressure.”

Agility Global Integrated Logistics (GIL)

Global Integrated Logistics (GIL) business strategy of effective trade lanes development, productivity optimization and defined tailor-made solutions to customers continued to generate favourable results. GIL gross revenue grew 13.4% to KD 289.3 million. Net revenue rose 5% to KD 66.7 million, primarily due to growth in Freight Forwarding and Contract Logistics. The respective revenue and net revenue growth rates for the first half were 14.5% to KD 567.4 million and 6.4% to KD 131.3 million.

Air freight continued its strong performance in Q2, driven by solid volume growth of 14% and stable yields compared to the same period of last year. Air freight net revenue grew 21.9% in Q2 and 20.3% in the first half. Ocean freight had consistent volume growth but with lower yields. In Q2, container volume increased 8.2% vs. Q2 2017. Ocean freight net revenue grew 7.4% in Q2 and 7.3% in the first half.

Regionally, Air freight and Ocean freight performance was strongest in the Americas, Asia Pacific and Europe.

Contract Logistics continued its steady growth, primarily in the Middle East and Asia Pacific, as a result of new business and effective utilization of facilities. Contract Logistics net revenue grew 3.2% in Q2 and 4.5% in the first half.

GIL’s net revenue margin was 23% in Q2, down from 24.9% a year earlier due to yield degradation in Road freight and Project Logistics, primarily in the Middle East and Europe. GIL’s EBITDA reached KD 9.3 million in Q2, and its EBITDA margin was 3.2%, slightly lower than 3.6% in Q2 2017. In the first half, EBITDA grew 13.3% to KD 16.8 million. EBITDA margin in the first half remained flat at 3% vs. the same period in the previous year.

GIL is accelerating its digital transformation to increase the efficiency of its business processes, gain business insights, develop innovative logistics solutions, differentiate its products and better connect to its customers,

Agility’s Infrastructure Companies

Agility’s Infrastructure group EBITDA rose 16.8% (after adjusting for the impact of the US government settlement in 2017), to KD 31.3 million in Q2. Revenue grew 9.5% to KD 97.5 million. For the first half of 2018, EBITDA grew by 20.1% and revenue by 14.8%. All entities in the group contributed to this performance.

Agility Industrial Real Estate continues to improve the efficiency of its operations in Kuwait. It also concluded its Phase I development in Riyadh of 80K sqm of warehousing capacity and started with Phase II, for which an additional 120K sqm will be delivered next year. Expansion in Africa is progressing according to plan as Agility Industrial Real Estate moves ahead with its development in Ghana and prepares to start new developments in Mozambique, Nigeria and Cote d’Ivoire.

Tristar, continues to expand its fuels operation with existing customers. Tristar is also investing and diversifying its operations by expanding in shipping and broadening its geographic reach.

National Aviation Services (NAS) operations in Kuwait are generally stable. NAS operations in Cote d’Ivoire and Afghanistan continue to be positive contributors to the group. In addition, NAS’s new operation in Uganda has contributed significantly in 2018. Operations in Tanzania and Morocco continue to bear down on our group, but Tanzania is poised for a turnaround in 2018 and has numerous opportunities in the pipeline.

GCS, a company specialized in digitizing customs, showed improved performance in the second quarter. GCS manages all customs’ activities at ports of Kuwait and aims to enhance customs modernization through its services.

UPAC revenue and profits increased during the second quarter. Operations at Kuwait Airport and other prominent locations in Kuwait continue to drive growth. In addition, construction of Reem Mall in Abu Dhabi is moving forward according to plan. 

Recap of Agility Q2 Financial Performance

  • Agility’s net profit increased 18.7% to KD 20 million in Q2 2018. EPS was 13.8 fils vs.11.6 fils a year earlier.
  • Agility’s Q2 EBITDA increased 13.6% to KD 37.1 million.
  • Agility’s Q2 revenue rose 12.3%, to KD 384.2 million and net revenue increased by 5.5%.
  • GIL Q2 revenue grew by 13.4% to KD 289.3 million.
  • Infrastructure’s Q2 revenue grew 9.5% to KD 97.5 million.
  • Agility enjoys a healthy balance sheet with KD 1.7 billion in assets. Net debt position was KD 130.7 million as of June 30, 2018. Operating cash flow was KD 29.2 million for the first half of 2018.

About Agility

Agility is one of the world’s leading providers of integrated logistics. It is a publicly traded company with more than $4.6 billion in revenue and more than 22,000 employees in over 500 offices across 100 countries. Agility Global Integrated Logistics (GIL) provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility’s Infrastructure group of companies manages industrial real estate and offers logistics-related services, including customs digitization, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.

For more information about Agility, visit Agility.com
Twitter: twitter.com/agility
LinkedIn: linkedin.com/company/agility
YouTube: youtube.com/user/agilitycorp

Posted in Agility General Update

Homoola Launches Road Freight Load-Matching in Saudi Arabia

 New service uses technology to bring efficiency to trucking market

RIYADH, Saudi Arabia – July 3, 2018 Homoola today announced the formal launch of its digital load-matching service in Saudi Arabia, where it will bring new efficiency to road freight by using technology to pair shippers and trucking companies.

Homoola’s load-matching technology addresses the pain points felt by both shippers and carriers.  It gives shippers access to capacity at times of peak demand and allows them to optimize the efficiency of their shipments at other times. Homoola prevents carriers from driving empty miles or sitting idle waiting for cargo. Agility is a key investor in Homoola.

Ziyad Al Homaid, Homoola co-founder and CEO said, “Homoola’s goal is to build a platform matching multiple carriers and drivers, based on cost, quality of service and terms of payment.”

Homoola has been operating in Saudi Arabia since January. Its platform gives trucking companies, including smaller carriers, access to a larger pool of customers and allows them to make more efficient use of their fleets. Shippers can select from among multiple trucking options that meet their standards for quality and consistency.

The development of Homoola is consistent with Saudi Arabia’s Vision 2030 economic objectives. Among the goals outlined as part of Vision 2030, the Saudi government seeks to diversify the economy, grow the private sector, create new jobs, improve its competitiveness, become a logistics leader, increase non-oil exports, and draw foreign investment.

“Homoola allows logistics and trade to be conducted more efficiently and effectively – in keeping with the Kingdom’s 2030 vision,” Al Homaid said.

Asim Al Rajhi, Homoola co-founder and COO, said: “The surge of transactions delivered to customers over the past few months reflects the market’s demand for Homoola. Our customers are telling us that they like the real-time and accurate updates on pricing, and also the ability to track their goods at all times.”

Agility Ventures, the corporate venture arm of global logistics giant Agility, is a key investor in Homoola and has worked closely with the Homoola team on the platform’s development and operational launch. Agility Ventures partners with promising startups that are championing technologies that can help build faster, more secure and more sustainable supply chains. Agility Ventures has invested in digital start-ups that bring new efficiency to e-commerce fulfillment and last-mile delivery for businesses and consumers.

Henadi Al-Saleh, Chairperson of Agility and Head of Agility Ventures, said: “Customer expectations and demands are constantly changing, as are their operating models. Homoola will offer a real-time view of fleets, as well as insights into market supply and demand in the region. Agility will continue to innovate in partnership with startups like Homoola.”

For more information about Homoola, visit https://www.homoola.com/

About Agility

Agility is one of the world’s leading providers of integrated logistics. It is a publicly traded company with more than $4.6 billion in revenue and more than 22,000 employees in over 500 offices across 100 countries. Agility Global Integrated Logistics (GIL) provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility’s Infrastructure group of companies manages industrial real estate and offers logistics-related services, including customs digitization, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.

For more information about Agility, visit Agility.com

Twitter: twitter.com/agility
LinkedIn: linkedin.com/company/agility
YouTube: youtube.com/user/agilitycorp

Posted in Agility General Update