All Freight Forwarder Articles – Page 86
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News
Speed and precision a key battleground in the forwarding market
The entrance of digital forwarders is driving technological investment as companies look to improve the speed and precision of their services.Ahead of the release of its annual global forwarding report, analyst Transport Intelligence (TI) has released some of the key findings from interviews and research with freight forwarders and major ...
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DSV air cargo volumes up 12% in Q2
Denmark-based logistics operator DSV recorded an 11% increase in airfreight volumes to 336,300 tonnes during the first half of 2018, driven mainly by a "strong performance" in EMEA and Americas exports.The rise in DSV's half year air cargo throughput outpaced an overall market benchmark of 5% growth in the same ...
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CEVA cuts transit times for Rolls Royce aero-logistics
CEVA Logistics has completed phase one of a global inbound aero-logistics project for Rolls-Royce. Starting in 2017 and running through the first half this year, CEVA has designed, implemented and managed the domestic, regional and international shipment of aerospace parts for both the civil and defence divisions of Rolls-Royce.Over 1,200 ...
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CEVA continues to improve despite drop in airfreight volumes
CEVA Logistics saw its airfreight volumes decline during the second quarter as a result of the end of old customer contracts and ahead of the start of new ones.The latest financial results from CEVA show that total air cargo volumes declined by 1.3% year on year to 120,200 tonnes despite ...
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DHL and Ethiopian Airlines confirm African joint venture
DHL Global Forwarding and Ethiopian Airlines are to form a joint venture company to “build the leading cargo logistics provider joint venture company in Africa”.DHL-Ethiopian Airlines Logistics Services will be based in Ethiopia but will conduct business on the entire African continent, said the two companies in a statement.Ethiopian Airlines, ...
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Carter joins CEVA in contract logistics role
CEVA Logistics has appointed of Terry Carter to the newly created position of senior vice president transportation for Contract Logistics.Carter will be based in the US and report to Brett Bissell, chief operating officer for contract logistics.In his new role, Carter is charged with driving operational and commercial best practices ...
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DHL lands luxury brands logistics contract with Holt Renfrew
Holt Renfrew, Canada’s luxury brands retailer, has chosen DHL Global Forwarding DHL as its sole logistics provider for airfreight and customs brokerage services.DHL Supply Chain, the Americas contract logistics business within Germany’s Deutsche Post DHL Group, will also be part of the new partnership, providing warehousing and other expertise.The new ...
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Germany retains top spot in Global Performance Index by World Bank
Germany has retained its pole position in the 2018 Logistics Performance Index (LPI) published by the World Bank.The biennial survey ranks countries through six criteria, including Customs and border management clearance, and the quality of trade and transport related infrastructure.While Germany came top in 2018 for the third time in ...
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Panalpina swoops on another perishables forwarder while profits rise in Q2
Panalpina has again expanded its perishables network with the acquisition of a majority stake in South African firm Skyservices, while it has also announced its results for the second quarter.The Switzerland-headquartered forwarder said the acquisition of Skyservices gives it a presence in Johannesburg and Cape Town. Details of the deal ...
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K+N sees airfreight volumes grow ahead of the market in Q2
Kuehne+Nagel (K+N) recorded an above market increase in airfreight volumes in the second quarter of the year, while overall group profits were also on the rise.The Switzerland-based freight forwarder saw its airfreight volumes increase by 15.7% year on year during the April-June period to 441,000 tonnes compared with overall market ...
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BIFA appoints Susanne Oud to board of directors
UK forwarder group the British International Freight Association (BIFA) has announced that Susanne Oud has joined its Board of Directors, replacing Roy Baker who has stepped down having been on the trade association's Board since 2005.Oud is operations director EMEA - verticals at BIFA member company, OIA Global, and is ...
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Forwarder Dimerco targets India growth after MTO accreditation
Taiwan-based Dimerco has been awarded Multimodal Transport Operator (MTO) status in India, which it says will open up "new opportunities for growth" in the subcontinent.The MTO license will allow forwarder Dimerco to provide extended services to shippers, moving cargo from any land point in India to and from any destination ...
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FIS publishes first airfreight futures forward curve
Freight Investor Services (FIS), which specialises in shipping derivatives, has published the first airfreight forward price curve, "beginning a new era of risk management in this $70bn freight market".FIS has spent 12 months working with index provider TAC Index to develop a "robust methodology" for the airfreight market which accounts ...
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Panalpina opens technology test bed logistics centre in Singapore
Logistics supplier Panalpina has opened a purpose-built logistics center in Singapore, constructed over six floors and with 25,800 sq m of usable warehouse space.Speaking at the official opening of the facility, Panalpina chief executive Stefan Karlen said: “Singapore is a very important consolidation hub for ocean and airfreight. The nation-state ...
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K+N to open pharma logistics hub in Chile
Kuehne+Nagel (K+N) will open a pharma logistics hub in Santiago de Chile next month (August 2018) to benefit the growing pharma & healthcare industry in South America.The dedicated warehouse provides K+N’s temperature-controlled, door-to-door KN PharmaChain global network with an increased regional footprint.Ingo Goldhammer, president of K+N South & Central America, ...
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CMA CGM obtains regulatory green light for 24.9% stake in CEVA
CMA-CGM, the world's third largest container shipping group, has obtained all regulatory approvals to complete its 24.99% shareholder investment in supply chain specialist CEVA Logistics.CMA CGM made a strategic investment in convertible securities issued by CEVA in a concurrent private placement at the time of CEVA's initial public offering (IPO) ...
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TRACY is listening to GEFCO's customers
European logistics provider GEFCO is pioneering TRACY, a voice-activated shipment tracking tool for customers using smart speaker technology and logistic software, Cargowise.GEFCO’s freight forwarding division, which handled around 77,000 airfreight shipments in 2017, developed TRACY for customers requiring real-time monitoring of high-priority consignments.Supply chain operator GEFCO, a finished vehicle logistics ...
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Tigers grrrrows in Germany
Tigers has opened a new office at Frankfurt Airport to act as a gateway for Europe by creating airfreight consolidation products, starting with the trade lane between Germany and South Africa.The Hong Kong-headquartered e-commerce specialist’s third office in Germany is headed by Marc Acksteiner and offers international freight forwarding and ...
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CEVA set to refinance its debts with a $400m private offering
CEVA Logistics is set to go to the markets with a proposed $400m private offering to refinance its existing debt facilities and may seek a further $35Om "at a later stage".The Switzerland-based supply chain company also plans to enter into a new $600m Senior Revolving Credit and Ancillary Facility (RCF) ...
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SEKO adding flagship facility close to Heathrow as UK business booms
SEKO Logistics is investing in a new flagship airfreight and omni-parcel services facility close to London Heathrow airport as the logistics group’s UK revenues are set to top £100m for the first time.With an eye on Brexit, when the UK leaves the European Union, US-based SEKO said that Heathrow will ...