All Freight Forwarder Articles – Page 117
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News
DHL records double-digit decline in airfreight volumes
DHL Global Forwarding suffered from a double-digit decline in airfreight volumes during the third quarter of the year as it turned away low margin business.The forwarder’s third-quarter airfreight volumes slipped by 13.2% compared with a year ago to 896m tonnes. Air revenues for the period were down by 10.1% to ...
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HAE buys Groupair of South Africa
UK-based air cargo industry services provider HAE has acquired Groupair of South Africa, a neutral consolidator providing air, sea, road and courier services.Financial details of the acquisition were not immediately available.On its website, HAE states: "Groupair will be able to assist you with your requirements for air, sea and road ...
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Air cargo peak season hits while forwarders report Asian capacity shortage
Initial traffic data from European airlines suggests there has been a strong peak-season pick-up in demand in October, while forwarders are reporting a shortage of capacity from Asia and bans on ad-hoc charter flights.The latest data from Lufthansa, Air France-KLM, IAG Cargo and Finnair shows that three of the airlines ...
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Flower power purchase: Panalpina goes with the Airflo in Kenya
Panalpina is boosting its presence in Kenyan flower logistics by acquiring a majority stake in Airflo from the Dutch Flower Group (DFG), the world’s largest flower and plant trader.The acquisition, subject to conditions, reflects Switzerland-based Panalpina’s continued expansion in Africa and its increasing focus on the perishables business.Peter Ulber, Panalpina’s ...
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CEVA losses narrow as airfreight volumes decline
Logistics firm CEVA recorded a decline in airfreight volumes during the third quarter of the year, but it did manage to narrow its net losses.The Netherlands-headquartered forwarder, which has been in the process of re-organisation, recorded a 4% year-on-year decline in airfreight volumes during the third quarter of the year ...
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Air cargo security regulations create consistency concerns
The executive director of the US Air Forwarders Association (AFFA) has said that a lack of co-operation between agencies that will implement new US air cargo security regulations is a concern for the industry.Speaking during a panel debate on reducing supply chain risk at the Air and Sea Cargo Americas ...
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Logistics in the driving seat for M&A deals
Logistics companies remained a “significant driver” of merger and acquisition (M&A) activity in the 2015 third quarter, and financial advisors PwC expects that trend to continue.In its latest logistics and transportation analysis, PwC said that as more companies make the decision to outsource logistics services and turn to third-party suppliers, ...
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Geodis completes OHL takeover
French global forwarder Geodis has received regulatory approval to complete its acquisition of US-based OHL (Ozburn-Hessey Logistics) based in Nashville, Tennessee.Terms of the deal, announced in August, were not disclosed, but OHL is one of the leading third party logistics (3PL) companies in the US, with annual revenue in excess ...
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European forwarders upbeat on airfreight volumes
Danske Bank’s monthly European Freight Forwarding Index for October indicates higher volumes compared with two months ago.The current airfreight index of 54 – a measure of European freight forwarder market sentiment – is set against expectations of 57 for November, thus suggesting higher volumes in two months.The index by the ...
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DHL writes off €345m as it abandons troubled IT project
Deutsche Post DHL has lowered its operating profit guidance for the year after deciding to abandon the implementation of its troubled freight forwarding IT platform in favour of a different system.The German express and logistics giant said it would write off €345m and lower its 2015 earnings before interest and ...
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FedEx added to AMI's Quick2Ship
Air Menzies International (AMI) has added FedEx as a carrier to its Quick2Ship door-to-door express product, which has operated in the US since 2011.The extension of the program to include FedEx brings new destinations, additional frequencies and extra capabilities to Quick2Ship’s existing global coverage, said AMI, the trade-only airfreight and ...
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E-AWB useage continues to gather pace
The use of electronic air waybills (e-AWB) continued to pick up pace in September and it now looks as if the industry will fall just shy of end of year targets set by IATA.The latest statistics from IATA show that e-AWB useage has now reached a penetration level of 34.1% ...
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DSV's airfreight volume growth outpaces market in Q3
Danish freight forwarder DSV continued to report above market airfreight volume growth during the third quarter and said it expects to gain approval of its takeover of UTi early next year.During the third quarter of the year, DSV’s airfreight volumes increased by 9.6% compared with the same period in 2014 ...
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Kerry Logistics appoints Blank in Europe
Kerry Logistics has appointed Thomas Blank as its new managing director of Europe with effect immediately.Blank has over 35 years of experience in logistics and international and domestic freight forwarding, having previously served as managing director of Southeast Asia for Panalpina, senior vice president at UTI, managing director at Geodis ...
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Faster to market, thanks to Panalpina’s new IT system
Freight forwarder Panalpina says deployment of its planned single warehouse management system (WMS) is ahead of schedule. To date, the JDA WMS has been rolled out to over 30 of its global sites and has helped improve service and optimise its customers’ inventory.Panalpina says that the driving force of the ...
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UAE sea-air still has a future despite decline
Sea-air services using the UAE as a hub still have a future because of the growing African market, according to one speaker at the Freighters and Belly Cargo Conference.Dubai National Association of Freight and Logistics president, David Philips told delegates that sea-air volumes through the UAE had declined by around ...
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Gefco in control at IJS
Gefco Group formally completed its takeover of Netherlands-based forwarder, IJS Global. Gefco, which is 75% owned by Russian interests, said the move would strengthen its air and sea freight activities.Announced on 23 September 2015, the acquisition of IJS Global came into effect on 15 October with the transfer of 100% ...
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Agility primes the pump for Flowserve
Flowserve Corporation has named its logistics provider Agility as Partner of the Year for helping it keep its shipments moving during the recent US ports stoppage.The Middle East headquartered forwarder was recognised by the US-based provider of and related products and services for its consistent and reliable service, quick response ...
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DHL, K+N and DB Schenker the leading airfreight forwarders
DHL Global Forwarding, Kuehne+Nagel and DB Schenker have maintained their position as the world’s leading airfreight forwarders, while the top 25 forwarders recorded a total increase in airfreight demand of less than one percent.The latest top 25 Global Freight Forwarders List from consultant Armstrong & Associates, based on revenues and ...
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Mixed H1 for European airfreight forwarders
It has been a mixed first half of the year for Europe's leading airfreight forwarders, with some reporting strong volumes increases while others have continued to struggle with restructuring.One company that has had a difficult start to the year is the world’s largest airfreight forwarder DHL Global Forwarding.The Deutsche Post ...