All Freight Forwarder Articles – Page 85
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News
BIFA calls for further clarification on possible ‘no deal’ Brexit
On 23 August the UK Government offered some thoughts on how British companies might continue to do business with Europe should do deal be Brexit deal be reached by the European Union and British Government before the country’s exit from the EU scheduled for 29 March next year.The British International ...
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Panalpina Bogotá gains GDP certification
Panalpina Bogotá has been certified to the World Health Organization’s Good Distribution Practice (GDP) health care standard.GDP is an international standard for the proper distribution of medicinal products for human use. Panalpina’s business unit in Bogotá, Colombia, is the global supply chain services giant’s 31st location around the world to ...
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K+N in Chinese automotive logistics joint venture
Kuehne+Nagel (K+N) is linking up with Sincero, a Chinese automotive logistics group, to form a joint venture focused on contract logistics for the automotive sector.Switzerland-headquartered K+N will hold a majority share in the new entity, which will increase its automotive logistics footprint in China for European brands by 70%.Gianfranco Sgro, ...
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Rhenus opens new New Zealand subsidiary as it continues expansion
Freight forwarder Rhenus Logistics has continued its network expansion with the launch of a subsidiary based in Auckland, New Zealand.Rhenus Logistics NZ officially opened on August 20 and will provide a comprehensive international and domestic 4PL and 5PL solution for businesses in the region.The operation will also provide a customs ...
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Dachser USA targets US automotive with new Detroit office
Logistics firm Dachser USA has expanded its Midwestern footprint, opening a new location in Detroit as it targets the automotive industry.Detroit is best known as the centre of the US automotive industry, with the "Big Three" auto manufacturers headquartered there. The new location is Dachser's fifth office in the region.The ...
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NewsTop 25 airfreight forwarders 2017: DHL still at the top but Kuhne+Nagel closes the gap
DHL Global Forwarding remained the world’s largest airfreight forwarder in 2017, (see chart below) but second placed Kuhne+Nagel continued to close the gap and the rest of the major players enjoyed a bumper year.As expected, the latest annual figures from analyst Armstrong & Associates show that the world’s top airfreight ...
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Panalpina warns of peak season bottlenecks on the ground
Panalpina has moved to secure airfreight capacity for the peak season, but has warned that supply chains could be equally affected by constraints on the ground.The Switzerland-based freight forwarder said that it had taken similar steps to last year to secure airfreight capacity for customers as it expects another busy ...
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CEVA Logistics joins blockchain-based technology solution from IBM and Maersk
CEVA Logistics has joined the TradeLens blockchain initiative created by IBM and Danish shipping giant AP Moller–Maersk which includes more than 20 port and terminal operators, customs authorities and 3PLs worldwide.TradeLens, based on secure blockchain technology, enables multiple trading partners to collaborate by establishing a single shared-view of a transaction ...
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Shipa Freight embraces the digital age
While the rest of the world moves increasingly into the digital age, freight forwarding appears to be getting left behind.A recent study looking at the top 20 forwarders, carried out by rate portal Freightos, was particularly eye opening.Although Freightos found that freight forwarders’ online offerings were gradually improving, it added ...
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News
Crane Worldwide celebrates 10 years since taking flight
Crane Worldwide Logistics has celebrated 10 years since its launch. The logistics firm was originally launched by Jim Crane in Houston in 2008, during the financial crisis, following a lost a takeover battle with investment firm Apollo for control of the firm he founded in 1984, Eagle Global Logistics.Since 2008, ...
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News
Rhenus to buy pharma specialist Avant Air and Sea in Ireland
Germany’s Rhenus Group has expanded its logistics presence in Ireland with the planned acquisition of temperature-controlled and pharmaceutical specialist Avant Air and Sea, subject to regulatory approval.Avant Air and Sea, headquartered in Dublin, also manages hazardous consignments and has been providing sea- and airfreight services and cross-border services for imports ...
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Waste not want not, DHL transports 140 ton heat boilers to Saudi
DHL Global Forwarding is transporting four 140-ton waste heat boilers from Germany to Saudi Arabia, using the Antonov An-225 freighter.DHL Industrial Projects, a unit within DHL Global Forwarding, is handling the multimodal movement of the four boilers, each measuring 3.7 m high, 4.1 m wide and 19 m long. According ...
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Agility airfreight's strong performance in Q2
A strong performance in airfreight helped Kuwait-based global logistics group Agility report second-quarter net profit of KD20m ($66m), an increase of 18.7% over the same period in 2017.Agility EBITDA grew 13.6% to KD37.1m, while revenue increased 12.3% to KD384.2m.First-half earnings of net profit of KD38.9 m were up 24%. First-half ...
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News
E-commerce and freight forwarding boost for DP DHL's second quarter
Deutsche Post DHL Group's (DP DHLG) revenue rose by 1.4% to more than €15bn in the second quarter of 2018, driven primarily by “significant gains” at DHL Express and Global Forwarding, Freight.The quarter's operating profit (EBIT) at the German logistics giant amounted to €747m, down by 11.2% against the record ...
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News
CEVA completes $1.4bn refinancing
CEVA Logistics has completed a comprehensive refinancing package, totaling $1.4bn.The company raised €300m of 5.25% senior secured notes due 2025, a $475m secured term loan B due 2025 and a $585m senior revolving credit and ancillary facility due 2023.The Switzerland-listed logistics company said that it has "achieved attractive terms and ...
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Kuehne+Nagel makes another perishables acquisition
Kuehne + Nagel (K+N) has completed the acquisition of the perishables business of Panatlantic Logistics, Ecuador.K+N said the acquisition will enable it to strengthen its position in the export market to the US, Europe and the Asia-Pacific region.Yngve Ruud, member of the Managing Board of K+N International, responsible for airfreight, ...
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West appointed managing director at Elite Global Logistics Network
Independent freight forwarding group WCA has appointed Matthew West, its director of North America, as the managing director at Elite Global Logistics Network (EGLN) which merged with WCA in October of 2017.“Appointing Matthew to managing director was a no-brainer,” said Roy Stapleton, president and founder of EGLN - which celebrated ...
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News
E-commerce fuels XPO's second quarter
E-commerce helped XPO Logistics record a 16% year-on-year revenue rise to $4.36bn in 2018's second quarter, as the acquisitive US giant also gained $2.1bn of new business in the first six months of this year.Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased to $436.7m for the second ...
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E-commerce fuels XPO's record Q1 earnings
XPO Logistics saw record first quarter 2018 revenues with an 18.4% increase year-over-year to $4.19bn, led by organic growth in e-commerce demand for last mile and contract logistics.The fast growing US-based supply chain giant also captured $972m of new business during the first three months of this year, up 36% ...
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UK Customs crunch warning as new system faces significant Brexit challenges
The UK National Audit Office (NAO) has warned that "significant challenges" remain in the implementation of a new Customs Declaration System (CDS) which is due to go fully live in January 2019.In a progress update report on the implementation the NAO also acknowledges that HM Revenue & Customs (HMRC) has ...