KUWAIT CITY, Kuwait – 9 August 2018 – Agility, a leading global logistics provider, took part  in the mentorship and training of 55 students enrolled in this year’s LOYAC! KON Social Entrepreneurship Program, in collaboration with Babson College.

Agility’s participation in the program comes as part of its continued sponsorship and support of LOYAC and KON. KON is a six-week program for middle school and high school students from across Kuwait. It encourages participants to transform their ideas into action and aims to develop responsible business solutions to our community’s most pressing challenges. By the end of the program, students will be able to present their business ideas before a jury panel and a Babson College professor.

On July 18, Agility’s volunteer mentors led by Lamia Hayat, Assistant Manager – Agility Ventures, and Abdullah Fakhra, Senior Manager – Agility Ventures, used a game to help the students understand the complex evolution of the supply chain industry.  The students learned how to develop a solid business structure and were told how the Agility Ventures team vets startups and what it looks for before investing in a company. The session also included a discussion on how technology is changing the logistics industry.

Following the presentation, Agility’s Warehouse Operations team, led by Tek Bahadur Karki, Director – Warehousing Operations, took the students on a tour of the 18,000 sqm warehouse facility. The team explained their day-to-day work and the integrated systems Agility has developed to keep track of the thousands of shipments and orders. The students also learned about the climate-controlled chillers used to store goods that must be kept frozen.

Agility and its Infrastructure companies are committed to support of talented youth by empowering them to achieve their goals. One of Agility’s Infrastructure companies, United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, is also sponsoring this year’s program.

Agility Ventures, the corporate venture arm of Agility, partners with promising startups that are championing technologies that can help build faster and more secure and 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.

LOYAC is a non-profit organization working towards the overall development of the youth. Its programs facilitate the professional development and personal growth of people ages six to 30. Babson College, located in Wellesley, Massachusetts in the United States, specializes in entrepreneurship education.

To find out more about Agility’s corporate social responsibility activities, please visit the company’s CSR page www.agility.com/EN/csr.

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

Agility Reports 19% Q2 Earnings Increase

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

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

Facility aimed at fashion, retail customers more than doubles Agility’s space

GOTHENBURG, Sweden – June 28, 2018 – Agility, a leading global logistics provider, has opened a new, 21,000-square-meter warehouse in Gothenburg, Sweden, increasing total space in the country to 45,000 square meters.

The new warehouse will primarily serve fashion and retail customers, while Agility’s second warehouse, also located in Gothenburg, will continue to serve industrial manufacturing customers.

The new facility has 36 ports, allowing for a steady flow of containers, and has a railway line that runs directly into the facility. The line is connected to the main train system, making it possible for Agility to handle track-bound cargo directly. The new warehouse also features 30,000 square meters of ground suitable for reloading and storing containers and trailers.

In addition to warehousing space, the facility is also suitable for hub activities and terminal handling. With a dedicated 2,000-square-meter area for pick-and-pack services, the warehouse is well-suited for fashion and retail customers.

Mats Nordin, Managing Director for Agility Area Nordic, said, “With this new facility, we are able to continue expanding our service offerings to our air, ocean and road freight customers in Sweden, as well as in Denmark, Norway and Finland. We are committed to providing our customers with the highest level of services, and are well-placed to help organizations with their logistics requirements.”

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 www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

CAIRO, Egypt – 26 June 2018 – Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZONE), along with Mr. Tarek Sultan, Vice Chairman and CEO of Agility, a leading global logistics provider, today signed a Protocol of Cooperation, establishing a logistics center in East Port Said, one of the most important strategic sites on the Mediterranean Sea.

Under this protocol, Agility will develop a hub with international standard logistics infrastructure to enhance the importing and warehousing of raw materials, as well as the export and distribution of intermediate and final goods through the Suez Canal Ports.​ The logistics hub is part of the current expansion of East Port Said.

The company will also provide world-class solutions for Egyptian customs, including the modernization and automation of the customs processes. This will improve the speed at which commodities are moved and strengthen the supply chain in a fast and secure manner. These improvements, in turn, will help decrease supply chain costs for the industrial operations across the various areas of the economic zone.

“The establishment of the East Port Said project is in line with the Egypt 2030 Vision. It also achieves Egypt’s development goals in creating an integrated sustainable economic growth through the creation of new job opportunities and enhancing Suez Canal Zone status as a commercial and industrial hub.” Admiral Mohab Mamish said

Admiral Mamish added that the protocol of cooperation with Agility is one of the significant steps in the Economic Zone’s development plan, and particularly the development of East Port Said, noting that Agility is one of the world’s largest logistics companies operating in the Arab region.

The Chairman of the Suez Canal Economic Zone announced that the protocol aims to study the investment in the development and marketing of both the logistics and industrial areas. It also includes the development of a ‘green’ logistics hub for value-added services, in addition to applying advanced customs technology solutions that facilitate trade.

Mr. Tarek Sultan, Vice Chairman and CEO of Agility said, “Egypt’s prominent location allows access to strong regional markets and trade routes, making it an ideal site for a regional distribution hub. Given the global demand for access and presence in the continent, Agility has continuously invested in Africa. Establishing an integrated industrial and logistics hub in partnership with SCZone, as well as providing modernized, automated customers services, matches Agility’s Africa strategy and further highlights Egypt’s role as a key regional player.”

“Being present in the Suez Canal Economic Zone and, in particular, working in the East Port Said area will give companies access to world-class infrastructure as well as fast, easy and efficient logistics and customs services in terms of time and cost,” added Sultan.

Admiral Abd El Kader Darwish, Vice Chairman of the Suez Canal Economic Zone for the Northern Sector, said that the establishment of a logistics center in East Port Said is set to provide logistical and technological solutions for investors in the region. It will also provide a secure electronic customs system to facilitate the movement of goods in a safe manner that will in turn contribute to more job opportunities in East Port Said.

Darwish added that the protocol also includes studying the possibility of establishing a company between the Economic Authority and Agility. He pointed out the two-phase implementation plan between the two parties includes a first phase to prepare the feasibility studies for the development of a logistics center and the provision of customs technology services for period of eight (8) months.

The second phase includes the preparation of the detailed master plan for the logistics center and its stages, as well as a detailed technical and financial studies to provide technology services for a period of six (6) months. Then the  third phase will include the establishment of the joint company in a period of six (6) months.

In Egypt, Agility manages 43,000 sqm of warehouse space and 30,000 sqm of open yard storage. In 6th October City, the company manages more than 60,000 pallet positions with material handling lifts capable of transferring goods to 67 loading docks. Agility offers superior solutions across Egypt to move time-sensitive cargo and online tracking of goods transported overland or through major air and sea ports through the company’s port of call license which gives it a status equivalent to shipping agencies.

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

Agility facility to stock parts for Cummins regional operations in West Africa

ACCRA, Ghana – May 16, 2018 – Agility, a leading global logistics provider, has leased warehouse space in the Agility Warehouse Park in Ghana to Cummins for a new West African Distribution Center.

Cummins, one of the world’s leading manufacturers of diesel engines, generators, filtration and associated engine components, will use the facility to stock and distribute a range of over 10,000 spare parts for Cummins operations across West Africa.

Cummins joins other multinationals and small and medium-sized Ghanaian companies that have chosen the Agility Warehouse Park at Tema because its secure, convenient location provides international standard warehousing and services for their West African operations.

Location was a significant factor in Cummins’ selection. The Agility park is eight kilometers from Ghana’s main seaport and is adjacent to the Aflao highway connecting Ghana to Ivory Coast, Togo, Benin, and Nigeria.

Felix Bani, Cummins Operations Manager – Central Supply Chain Operations (CSCO), said: “Product distribution can be fast-tracked, either by road, sea or air. By choosing the Agility Warehouse Park, Cummins has addressed one of the biggest constraints to companies doing business in West Africa – the lack of quality infrastructure.”

Bani said Cummins was also attracted to the facility because it meets international environmental standards and features eco-friendly construction materials. Agility used energy efficient roof and side insulated panels; wind-driven roof fans; skylights for natural lighting; LED and energy-saving bulbs; and solar-powered streetlights. The site will recycle paper, plastic, metal, and carton waste. It provides eco-friendly waste management services and carbon footprint reporting.

The Agility Warehouse Park in Ghana is part of a network of international standard warehouse parks that Agility is funding and developing across key markets in Africa to support the development of domestic and regional trade.

Geoffrey White, CEO Agility Africa, said, “We believe that the provision of international standard warehouses in Africa for storage, distribution and light manufacturing is one of the fundamental building blocks necessary for economic growth. The Agility Warehouse Parks enable companies, whether multinationals such as Cummins, or small and medium enterprises, to access quality infrastructure easily, quickly and cost effectively.”

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

For more information:

Sabrina Mundy

Man Bites Dog

+44 1273 716 826

[email protected]

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel and natural gas engines to hybrid and electric platforms, as well as related technologies, including battery systems, fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (U.S.A.), since its founding in 1919, Cummins currently employs approximately 58,600 people committed to powering a more prosperous world. Cummins serves customers in about 190 countries and territories through a network of some 500 company-owned and independent distributor locations and approximately 7,500 dealer locations. Cummins earned $1 billion on sales of $20.4 billion in 2017. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at www.twitter.com/cummins and on YouTube at www.youtube.com/cumminsinc.

Agility’s Earnings Release Q1 2018

Figures in the table above have been rounded

Agility’s Financial Results for First Quarter 2018

Kuwait – May 7, 2018: Agility, a leading global logistics provider, today announced its Q1 2018 financial results, reporting a net profit of KD 18.9 million, or 15.2 fils per share, an increase of 29.8% over Q1 2017. Revenue for the quarter reached KD 371.8 million and EBITDA was KD 37.7 million.

“Agility continues to deliver results. Our double-digit EBITDA growth affirms the company’s momentum over the past three years.  GIL continues to drive profitability gains through strong performance in Ocean and Air Freight, in addition to improving its efficiency. Companies in the Infrastructure group posted healthy gains and are delivering consistent with their road map.” said Tarek Sultan, Agility CEO and Vice Chairman.

Agility Global Integrated Logistics

 In Q1 2018, Global Integrated Logistics (GIL) gross revenue grew 15.7% to KD 278.1 million. Air freight revenue increased 22.1%, driven by strong volume growth (4.8% increase in air tonnage) and ocean freight revenue grew 14% as a result of an 11.5% increase in TEUs. Contract Logistics revenue increased 15.1% and road freight showed 8.4% revenue improvement in Q1 2018.

GIL’s Q1 net revenue (NR) rose 7.9% from the same period in 2017, primarily due to growth in freight forwarding and Contract Logistics. Air NR grew by 18.7% due to improving yields, and Ocean NR increased 7.1%. Contract Logistics NR increased by 5.8%. However, GIL’s NR margin was 23.3%, down from 24.9% during the same period a year earlier due to yield pressure in Road freight and Project Logistics. Regionally, Air freight and Ocean freight performed well in Asia Pacific, Europe and the Americas. Contract Logistics continued its solid growth, primarily in Middle East and Asia Pacific, as a result of effective utilization of facilities.

Q1 EBITDA reached KD 7.4 million with margin expanding to 2.7%, compared with 2.4% in Q1 2017.

GIL continues to drive performance through its “Focus and Capability” strategy, which focuses on driving growth by committing to defined solutions, customer segments, sales productivity and efficient trade lane development.  In addition, GIL is driving its technology-based transformation by building systems and solutions that enable business insight, efficiencies, and productivity for customers and operations.  Further, it is developing tools to better serve customers online.

Commenting on that Sultan said “We recently launched Shipa Freight, an online freight service aimed at a market with massive potential: the small and medium-size companies that account for most of the world’s businesses. Shipa Freight lets them get rate quotes and book, pay and track, ocean and air shipments around the world, all online in a matter of seconds.”

Agility’s Infrastructure Companies

First quarter revenue for the Infrastructure group grew 20.7%, and EBITDA increased 24.6% to KD 34.1 million as margins expanded from 33.5% to 34.6%. Agility continues to invest in those companies to drive its future growth.

Agility Industrial Real Estate (RED) continues to improve the efficiency of its Kuwaiti assets by offering a range of warehousing services to its customers. RED will soon deliver the first 80k sqm warehouses in Riyadh. In Africa, Agility is growing its existing operations and identifying new locations to develop new logistics parks.

Tristar, a fully integrated liquid logistics company, won new turnkey contracts in Q1. Tristar continues to invest and diversify its operations by expanding in shipping and broadening its geographic reach.

National Aviation Services (NAS) operations posted good growth in the first quarter.  Contributing to its growth were the successful launch of operations in Uganda and significant improvement in Cote d’Ivoire and Afghanistan. NAS was also able to improve its business performance in Morocco and Tanzania, with the latter expecting a very good year and turnaround in 2018.

UPAC, a leading real estate and facilities management company in the Middle East, continues to improve the operational efficiencies of key operations in Kuwait. UPAC is developing the 450-store Reem Mall in Abu Dhabi in partnership with National Real Estate Company (NREC).

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

Financial Performance for Q1 2018

• Agility’s net profit was KD 18.9 million, a 29.8% increase from KD 14.6 million in the same period 2017. EPS was 15.2 fils, compared with 11.6 fils a year earlier.
• EBITDA was KD 37.7 million, a 22.6% increase from Q1 2017.
• Agility’s revenue for this quarter was KD 371.8 million, an increase of 16% from KD 320.5 million in Q1 2017. Net revenue increased by 12.5%.
• GIL’s revenue was KD 278.1 million, a 15.7% increase from Q1 2017.
• Infrastructure group revenue was KD 98.8 million compared with KD 81.8 million in Q1 2017, a 20.7% increase.
• Agility enjoys a healthy balance sheet with KD 1.8 billion in assets. Its net debt position was KD 83.5 million as of March 31, 2018. Operating cash flow was KD 29.2 million for this quarter.

Closing

“Agility is accelerating a fast-moving transformation to establish itself as a digital leader in the logistics industry,” Sultan said. “We are rapidly introducing new digital products, aggressively piloting and pioneering new logistics models and technologies, and re-engineering our systems for speed and competitive advantage. We want to identify technology that makes logistics more efficient and lowers costs for customers.”

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

Agility to test Cold Box technology for pharmaceutical customers in India

MUMBAI, India – May 3rd, 2018 – Agility, a leading global logistics provider, has signed an agreement with Cold Box Express to offer innovative shipping solutions for temperature-sensitive cargo.

Cold Box offers an active temperature-control pallet shipper, designed for mixed-load ground transportation. The shipper is a pallet-sized interior compartment with precise temperature control and range, extended hold times, and 24/7 near-real-time tracking and monitoring.

Under the terms of the partnership, Agility will test one Cold Box as part of a pilot to move cargo for pharmaceutical customers in India. The device will be used for LCL reefer shipments, as well as to move pharmaceutical products to difficult-to-reach locations, areas prone to power cuts, and for last-mile delivery.

Agility will be testing the product initially in the Indian market before a formal launch for customers. While the partnership is limited to India at this time, Agility and Cold Box hope to expand the partnership to Southeast Asian, European and Middle Eastern markets.

Satish Lakkaraju, Chief Commercial Officer for Agility India, said, “At Agility, we believe in offering unique, cost-effective solutions that can help customers achieve a more secure cold chain. In the Indian market, where temperatures rise to over 45°C, moving temperature-sensitive cargo can be a challenge. Cold Box’s solution is easy to handle, and perfectly suited to our customers’ needs.”

Cold Box Express CEO Foster McDonald said, “Agility has a track record of being a pioneer in adapting new technologies. We see our product perfectly suited for the Indian and other South Asian markets where temperature variations are extreme and traditional passive solutions fall short. COLD BOX is a young company with a unique solution that can be offered for temperature-sensitive pharmaceuticals, consumer foods, and numerous other sensitive and valuable cargo types.”

Agility is one of the largest freight forwarders and logistics providers in India, where it operates from 55 locations and controls 140,000 square meters of warehouse space, covering all major ports, airports and inland locations in the country. In the pharmaceutical sector, Agility helps companies move, store, distribute and manage goods in the highly attractive Indian market and helps Indian companies looking to explore opportunities outside of 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
Twitter: twitter.com/agility
LinkedIn: linkedin.com/company/agility
YouTube: youtube.com/user/agilitycorp

For more information:

Mayur Misra
Email: [email protected]
Phone number: +91 98333 75960

About COLD BOX EXPRESS, INC

Founded in 2014 in Arab, Alabama, USA, COLD BOX Cold Box Express, Inc. manufactures a revolutionary end-to-end, palletized, and self-powered (battery operated) shipper or Cold Box. Cold Box shippers are an economical, easy to use, and reliable alternative for palletized or lesser volume refrigerated transport. They are an economical and proven technology that is available to keep temperature related shipping excursions as a low risk area.

The system is competitive with, if not superior to, traditional refrigerated transport methods, offering adjustable temperature set points of -10°F to 140°F (-20°C to 60°C), precise temp control (±1°C), and a built-in heating element to protect payload freezing!

For more information about The COLD BOX, visit https://www.thecoldbox.com
Twitter: twitter.com/coldboxshipping
YouTube: cold box express
Facebook: www.facebook.com/TheColdBox/