All Freight Forwarder Articles – Page 34
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NewsPromotions for Wong and Cheung at U-Freight
Freight forwarder U-Freight Group (UFL) has promoted two key executives based at its headquarters in Hong Kong.Amy Wong has been promoted to chief administrative officer, tasked with supervising the day-to-day operations, human resources and administration of UFL offices.She will also assist chief executive Simon Wong in analysing the operations of ...
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Maersk continues push into logistics with latest takeover
Shipping giant AP Moller Maersk has completed the acquisition of e-commerce supply chain firm LF Logistics in a deal with an enterprise value of $3.6bn.Hong Kong-headquartered LF Logistics employs 10,000 people, operates an extensive Pan-Asian network across 223 warehouses and specialises in B2B and B2C distribution solutions within retail, wholesale, ...
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NewsBolloré and United respond to shippers' green drive with SAF partnership
Untied and Bolloré team-up on SAF. Source: Bolloré LogisticsBolloré Logistics and United Airlines have this year teamed up to purchase 3m litres of sustainable aviation fuel in response to customer demand for greener supply chain solutions.The logistics firm said the partnership would allow it to reduce its scope three greenhouse ...
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NewsNew chief HR officer at Kuehne+Nagel
Sarah Kreienbühl. Source: Kuehne+NagelKuehne+Nagel International has appointed Sarah Kreienbühl a member of the management board and chief human resources officer.Kreienbühl will start in her new role on April 1 and will succeed Lothar Harings who will retire in June 2023.In her new role, Kreienbühl will be responsible for global human ...
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NewsWorldACD finds reasons to be cheerful in air cargo volume figures
The demand declines registered in air cargo this year do not to tell the full story when it comes to the industry's performance, according to data provider WorldACD.In an analysis of how the industry has been performing on a country-by-country basis, WorldACD found that the 4% year-on-year decline in chargeable ...
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Air cargo market remains flat ahead of upcoming peak season
The air cargo market remains flat as the industry heads towards the traditional peak season.Data provider TAC Index said that its latest figures showed that overall airfreight rates according to the Baltic Exchange Index (BAI) were last week down 0.8% compared with the prior seven days."Prices did not move much ...
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New cargo terminal opens for business at Zhengzhou Xinzheng International
A new cargo terminal at Zhengzhou Xinzheng International Airport has begun to receive shipments as it prepares for full opening.Freight forwarder Dimerco Express said that it had worked with Cathay Pacific on its first flight for the new Zhengzhou North Cargo Terminal at the Henan Province hub.The 160,000 sq m ...
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NewsBolloré Logistics USA appoints new chief executive
Marc Sawaya. Source: Bollore LogisticsBolloré Logistics USA has appointed Marc Sawaya as its new chief executive as the firm looks to build on "positive growth".Sawaya will report to Bolloré Logistics chief executive for the Americas Yves Laforgue and has more than 20 years of experience in supply chain management, including ...
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How air passenger traffic impacts cargo capacity
The airfreight industry experienced record high rates in the spring of 2020. Around 45% of airfreight is transported in the belly of passenger planes, but with passenger traffic down, about 75% of airfreight capacity was removed from the market.The world is returning to the skies, but the effects of the ...
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Scan Global Logistics targets automotive with AFL acquisition
Fast-growing Danish forwarder Scan Global Logistics (SGL) has acquired an automotive logistics specialist as it targets growth in the sector.SGL today announced the purchase of Germany-based AFL International Logistics and its sister US company American Freight Line.AFL specialises in automotive transport between the European Union and the US.Services include air, ...
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Shift back to ocean from air as rates lower and port problems ease
Over the last two years the air cargo industry has benefitted from a modal shift from ocean to air but leading forwarders have indicated that the trend started to reverse in the second quarter.CH Robinson and DHL Global Forwarding said that during the second quarter there was a shift back ...
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NewsDB Schenker expands charter network with South America flights
Credit: DB Schenker/Marc WagenerDB Schenker has expanded its charter operation with flights to South America as it looks to provide stable supply chain operations.The weekly flight leaves Europe on a Sunday night operating on a route of Amsterdam (AMS), New York JFK (JFK) and Miami (MIA) on Monday before reaching ...
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DHL airfreight volumes drop but high rates help it achieve positive results
Deutsche Post DHL Group saw a drop in airfreight volumes in the second quarter of 2022, but managed to achieve positive financial results thanks to high market rates and charter demand.Group airfreight revenue for the second quarter of 2022 was €2.8bn, up 40% on the second quarter of 2021, airfreight ...
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NewsMaersk opens its war chest for project firm Martin Bencher
Source: MaerskCash-rich shipping giant AP Moller Maersk has announced the planned purchase of project logistics firm Martin Bencher as part of efforts to expand its supply chain offering.Maersk said the deal has an enterprise value of $61m and will allow the company to launch Maersk Project Logistics.Martin Bencher Group is ...
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UK customs says 3,500 firms face losing ability to import
UK customs (HMRC) has warned that 3,500 companies have yet to register for its new import system and could lose the ability to import goods.HMRC said that on October 1 import declarations will change from being processed through the current CHIEF system to the new Customs Declaration Service (CDS).Many businesses ...
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Insights
Forwarder Focus: Looking ahead to a more positive 2023
A recent survey of Airforwarders Association members indicates that while the air cargo business is decelerating after one of the industry's strongest years ever, volumes remain robust, and many predict the first half of 2023 will be relatively positive.Forecasts indicate that airfreight will account for almost 25% of airline revenue, ...
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NewsAirblox grows trading platform with the addition of HPW Cargo
Edip Pektas, founder, Airblox. Photo: AirbloxVietnamese freight forwarder HPW Cargo has become the first Southeast Asian company to join online air cargo capacity trading platform Airblox.Airblox is an online marketplace that enables brokers, freight forwarders, and airlines to trade air cargo capacity in the form of standardised electronic block space ...
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DB Schenker sees profits take off despite volume declines
DB Schenker saw its revenues and operating profits rapidly increase in the first half of the year despite a decline in volumes.The company, which was the strongest performing division in the Deutsche Bahn (DB) Group, reported a 35.8% year-on-year increase in total sales to €14.2bn in the first half and ...
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K+N predicts ongoing reliance on freighters in air cargo
Kuehne+Nagel (K+N) is expecting freighter capacity to continue to dominate the airfreight market for the coming quarters, while it also has no concern about reports of high inventory levels in the US.Speaking after announcing the company's second-quarter results, K+N chief executive Detlef Trefzger was asked what the impact of the ...
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Hong Kong faces more cross-border trucking restrictions
Supply chains operating through Hong Kong are once again facing restrictions on cross-border truck operations due to Covid-restrictions.Freight forwarder Dimerco said that increasing Covid cases around Shenzhen have led to the city reducing daily cross-border truck movements from 3,500 to 1,500.The restrictions began on July 25 and reduce truck capacity ...