All Freight Forwarder Articles – Page 78
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News
UPDATED: Panalpina's major shareholder says no to DSV takeover offer
Panalpina's largest shareholder does not support the unsolicited SFr170 per share takeover bid by Danish logistics giant DSV that values the Switzerland logistics giant $4bn.The Ernst Göhner Foundation, with 46% of the total share capital in Panalpina, has informed the forwarder's board of directors that "it does not support the ...
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CEVA expects revenues to increase but profits to be hit by one-off costs
CEVA Logistics is expecting to see an improvement in its annual revenues, but operating profits are set to have declined due to one-time events.The company said it expects revenues for 2018 to have increased by 5.2% year on year to $7.4bn, while earnings before interest, tax, depreciation and amortisation (ebitda) ...
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GEFCO adds new time critical control centre
GEFCO has launched a Mission Control Centre (MCC) in Amsterdam to manage global Time Critical Solutions. The MCC will monitor all time-critical shipments booked on its IT system and act as a single point of contact for global customers to provide real-time monitoring updates on their worldwide emergency shipments.GEFCO Freight ...
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New Asian role for B&H Worldwide's Chris Allen
B&H Worldwide has appointed Chris Allen to the newly created position of business development manager, Asia.Based in Singapore, at the B&H facility within the ALPS Free Trade Zone at Changi Airport, Allen will be responsible for identifying opportunities for the company to grow its products and services across the Asia ...
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CEVA board decides not to recommend CMA CGM takeover bid of CHF30 per share
CEVA Logistics's board had decided not to recommend the CHF30 per share takeover offer by shipping line CMA CGM, a 33% major shareholder.Switzerland-based CEVA said in a statement that its board of directors, “with the exception of two conflicted members, came unanimously to the conclusion not to recommend to CEVA's ...
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Panalpina launches digital platform for charter network
Freight forwarder Panalpina has launched a new online tool for customers of its charter network.Aircharter.panalpina.com provides an overview of scheduled cargo flights and of all cargo aircraft in the world available for chartering on any given day.The charter tool "focuses on user-experience with a responsive design featuring drag-and-drop origin and ...
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BIFA winners take centre stage
The British International Freight Association (BIFA) has revealed the winners of its Freight Service Awards Competition 2018.This year’s awards were hosted by double Olympic champion Colonel Dame Kelly Holmes who gave a motivational speech about what it takes to be a winner whilst dealing with physical and emotional issues.The winners ...
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DSV move for Panalpina could spark 'bidding war' for forwarder
Consultant Transport Intelligence (Ti) has suggested that DSV's move to purchase Panalpina could spark a 'bidding war' for the forwarder that could price the Danish company out of the running.In its latest market round-up, Ti took a closer look at the potential outcome of DSV's $4bn offer to purchase Panalpina.Practice ...
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DSV in unsolicited $4bn bid for Panalpina
Danish logistics giant DSV has made an unsolicited bid to acquire Switzerland-based Panalpina in a SFr170 per share offer that values the rival freight forwarder at around $4bn.Based on 2017 figures (the latest available), the move would create the world's second largest airfreight forwarder (see chart at end of article) ...
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Forwarders told to prepare for no-deal Brexit
Freight forwarder association BIFA has told its members to prepare for the UK to leave the European Union with no deal in place.Meanwhile, the Freight Transport Association (FTA) has warned that leaving the European Union without a deal would be catastrophic for UK supply chains.In response to the UK Parliament ...
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K+N warns of chaos risk with a "disorderly Brexit"
Kuehne + Nagel International (K+NI) has warned that a “disorderly Brexit is the worst solution” and will impose “massive restrictions on the exchange of goods between the European Union (EU) and the UK".Detlef Trefzger, chief executive of Switzerland-based K+N, issued his warning in response to last night’s House of Commons ...
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Panalpina ready for Brexit with freighter flight and task force
Panalplina has set up a Brexit task force and says that its Mexico-US-UK-Luxembourg freighter service will help companies create contingency operations for Brexit.The freight forwarder offers a freighter service calling Querétaro, Huntsville, Stansted and Luxembourg which it said could prove useful for shippers looking to create contingencies for the UK ...
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DB Schenker continues roll out of digital platform with addition of air services
DB Schenker has continued the roll-out of its Connect 4.0 online portal, adding air and sea services to the existing overland offering.The platform was launched at the end of August 2018 for land transportation in Germany and Spain, and DB Schenker has now added air and ocean services.Customers can use ...
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SEKO Logistics makes first acquisition in 42-year history to start 'transformative year'
SEKO Logistics has purchased Chicago-headquartered customs brokerage and compliance consultancy GoodShip International as it kicks off what it describes as a transformative year.The acquisition is SEKO's first in its 42-year history and is part of plans to expand its global footprint, establish more partnerships and make further acquisitions in the ...
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Germany's Rhenus acquires Cesped in Italy
Rhenus Logistics is to acquire Italian Logistics company, Cesped, in a deal which will be formalised after approval from the competent antitrust authorities.Germany-based Rhenus said that the Cesped acquisition strengthens its "already market-leading position in the Italian road transport market", adding that the takeover supports Rhenus’ "continued development" of its ...
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Air Cargo News' most read in 2018
With 2019 already underway, the Air Cargo News editorial team decided that now would be an opportune moment to review which stories had proved to be most popular with our readers over the last 12 months.It has been a record year for the Air Cargo News website, with page views ...
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Forwarders weigh up modal options as space shortages and high prices hit airfreight
Freight forwarders are looking for alternatives to airfreight as high prices and a lack of space have led to them exploring other modes.In its weekly market wrap up, rate portal Freightos said that other than the Asia-Europe trade there had not been a peak season for rates this year.One of ...
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Panalpina's airfreight business is in fashion as volumes hit 1m tonnes
Panalpina has handled more than 1m tonnes of airfreight in a year for the first time, with three charter flights to New York on behalf of a fashion customer helping to set the new record.The forwarder completed three charter flights with fashion garments from Italy and Switzerland to New York ...
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The reel thing: U-Freight transports power cables to Chad
U-Freight Holland has arranged the multimodal shipment of 16 rolls of transmission cables from Europe to Africa.The cables were required urgently in Chad, where the National Electricity Company (SNE) is rehabilitating power generating assets.The Dutch subsidiary of the Hong Kong-based logistics company was contracted by Dutch transport group Van der ...
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UK forwarders welcome funding for Brexit customs declaration training
The British International Freight Association (BIFA) has welcomed the recent news of an £8m government funding scheme for customs intermediaries and traders.Grants have been made available for all customs intermediaries and traders completing customs declarations. The aim of the grants is to support training and the upgrade of IT systems.The ...