All Freight Forwarder Articles – Page 70
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News
Menzies Aviation expands into Canada with GTO Global Logistics deal
Menzies Aviation has acquired Canada-based GTO Global Logistics as the wholesale airfreight provider gains its first foothold in Canada.GTO provides airfreight, ocean less-than-container-load, domestic/cross Border road services, storage and customs brokerage at airports and ports in Canada.As part of the deal, Menzies will acquire a customs bonded warehouse of 10,000 ...
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News
Airfreight rates flat line for summer slowdown
Airfreight rates flat lined in July as the air cargo industry entered the quieter summer months.The latest figures from Tac Index show that average rates on transpacific, Asia-Europe and transatlantic trade lanes for July were all fairly flat compared with the previous month.However, prices do continue to lag behind the ...
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News
Rhenus Logistics invests to meet demand for automated service
Rhenus Logistics is implementing a number of initiatives in its air and ocean business to help meet changing customer demands and to head off competition from disruptors.The most recent investment is in its Rade warehouse in Hamburg, Germany, where the forwarder has rolled out the latest Bluetooth, wireless and IoT ...
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Tigers to utilise Doozee freight rate quote engine
Tigers will use Doozee's freight rate quote engine across its internal networks in Europe and the US.US-based Doozee incorporates a built-in rate management platform using existing systems to facilitate quote generation in less than a minute. It is available in 12 different languages and can be used for all types ...
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NewsCrane Worldwide Logistics announces new EMEIA operations vice president
Crane Worldwide Logistics has announced its new vice president of operations for Europe, Middle East, India and Africa: Stefan Boehler.Boehler has over 15 years of experience in the freight forwarding industry. He served as vice president of account management, and vertical leadership, in the industrial sector at Schenker. Prior to ...
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NewsDHL sees airfreight volumes slide in Q2
DHL Global Forwarding saw its airfreight volumes decline in the second quarter of the year, but its air gross profit was on the rise.The world’s largest airfreight forwarder reported a 2.4% year-on-year decline in second-quarter airfreight revenues to €1.2bn, while volumes dropped by 5.8% on last year to 502,000 tonnes ...
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News
Carousel wins AEO status
Carousel Logistics, which specialises in the transport of parts and products for high-performance industries across Europe, has obtained Authorised Economic Operator (AEO) status for two of its business units, enabling them to accelerate import and export procedures and facilitate just-in-time logistics solutions in the event of a ‘no-deal’ Brexit.AEO certification ...
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News
Technology tops forwarders’ agenda, says IAG Cargo
IAG Cargo, the freight arm of UK-headquartered International Airlines Group, has carried out a survey of more than 400 freight forwarders in 47 countries, which reveals that more than half (55%) of respondents see increased automation and digitalisation as “key trends” this year.The report, Cargo Next, indicates that 70% of ...
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News
DSV Air & Sea sets up Pittsburgh branch
DSV Air & Sea has opened a new office in Pittsburgh, Pennsylvania – its 36th branch in the US.Located near the city’s international airport, it will offer air and sea freight services, customs clearance and DSV’s cargo insurance products.DSV now has more than 50 facilities across the US that offer ...
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News
CH Robinson: overall solid performance masks modal differences
Third-party logistics provider CH Robinson achieved net revenue of USD695.2m during the second quarter of 2019, up 3.5% year-on-year, in what chief executive Bob Biesterfeld described as a "solid performance".However, a breakdown according to different business areas reveals a mixed picture. While the strength of CH Robinson’s North American trucking ...
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News
Forwarders move into finance
Freight forwarders are trading air cargo derivatives in an effort to offset the volatility of the spot market during the low season, according to Freight Investor Services (UK) – FIS.Since FIS launched the Air Freight Forward Agreement (AFFA) market in July, several leading forwarders have been using futures to hedge ...
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time:matters expands Africa reach
Express logistics provider time:matters has opened a new hub in Brussels and expanded its coverage in Africa, offering 81 direct flights between the Belgian city and 16 African destinations every week with immediate effect.The company is using Brussels Airlines’ network to offer transportation of time-critical shipments to Abidjan, Accra, Banjul, ...
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News
DB Schenker extends connect 4.0 to USA
DB Schenker has expanded the reach of its connect 4.0 online shipping portal to the US.According to Jeff Barrie, chief executive for DB Schenker USA: “All things being equal, small- to medium-size businesses now can get a quote, book and track a shipment with full online visibility from pickup to ...
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NewsUPS launches My Choice for business
As consumers continue to demand ever-faster delivery and greater visibility in a marketplace driven by e-commerce, UPS has launched its new UPS My Choice for business service.The tool is the first visibility and tracking solution in the US that has been designed specifically for small and medium-sized businesses (SMBs), and ...
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Geodis sets out new ambitions
Multimodal freight forwarder Geodis says it has brought its first five-year strategic plan, Ambition 2018, to a “favourable” close.Noting its annual turnover of €8.2bn, the firm’s chief executive, Marie-Christine Lombard, said: “The year 2018 has proven to be a good year for Geodis, which has delivered strong financial results, as ...
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NewsFlexport launches trade finance solution
Flexport is launching a trade finance solution that it claims will help companies alleviate capital constraints caused by the US-China tariffs.Flexport said that because all client shipments are managed on its digital platform, with data down to the SKU level, it views risk differently than a bank would because it ...
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News
Keep calm and cargo on: Heathrow strikes called off
The UK’s air cargo industry is set to run smoothly this weekend after planned strikes at London's Heathrow Airport, scheduled to happen on July 26-27, were postponed.The strikes could have caused significant disruption to UK air cargo operations, in addition to many other flights and services at Heathrow.In response to ...
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NewsK+N airfreight volumes fall 5.8% in first half 2019
Kuehne + Nagel (K+N) saw first half 2019 airfreight volumes fall 5.8% to 813,000 tons, blaming “stagnating markets” in some key industries and an “under pressure” global air cargo sector hit by growing trade barriers.At SFr174m, K+N’s airfreight division saw its EBIT down by 4.4% compared to the 2018's like ...
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Flexport switches freighter flights to new operator
Freight forwarder Flexport has switched its transpacific air charter operation from Western Global to a service run by Plus Logistics, a Nippon Cargo Airlines (NCA) subsidiary, and Atlas Air.A spokesperson for the company said that the switch was made on July 8 without a single missed flight. Atlas Air operates ...
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NewsPanalpina: Airlines to tighten capacity in a weaker 2019 peak season
Airfreight’s 2019 second half peak season will be weaker than 2018 and 2017, with airlines managing capacity more tightly in an attempt to lift rates.That is the view of Panalpina’s global head of airfreight, Lucas Kuehner, who was commenting on an estimated 5% second quarter fall in 2019’s global airfreight ...