All Freight Forwarder Articles – Page 92
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News
Flexport adds scheduled freighter offering
Freight forwarder Flexport will offer "in-house" scheduled airfreight services from April this year following on from its ad hoc charter flights last year.The forwarder said that beginning April 5 it would offer round-trip flights between Hong Kong and Los Angeles twice per week utilising a B747-400F aircraft.The decision to launch ...
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NewsAirfreight rates up on 2017 levels in February
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off.The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. ...
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News
Airfreight's 'outstanding' 2017 for Kuehne+Nagel
Global freight forwarder Kuehne+Nage (K+N) reported an "outstanding" 2017 for airfreight as it saw tonnages surge by 20.4%, growing twice as fast as the overall market which was already at the highest peak since 2010.Announcing its 2017 full year results, the Switzerland-based logistics giant stated: "K+N’s industry-specific airfreight solutions, for ...
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News
Forwarder group's cyber attack warning
The British International Freight Association (BIFA) is urging its members to review their cyber security policies after last year's petya cyber attack that caused major disruption at Maersk Line and TNT.BIFA said the cyber attacks revealed the scale of impact that security breaches can have on global logistics and supply ...
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News
CEVA's strong finish to 2017
CEVA Holdings reported results for the full year and fourth quarter of the year ended 31 December, 2017.The parent company of CEVA Logistics said that the fourth quarter 2017 peak season was once again "challenging with tight capacity in airfreight, notably on the China-US routes".Airfreight volumes in 2017 were up ...
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Agility reports on ‘critical’ 2017
Global logistic services provider Agility has reported a 14% rise in 2017 full year revenues to KD1.4bn.The Kuwait-headquartered operator saw EBITDA of KD135.2m in 2017, up by 17.4% year-on-year. Net profit at KD68.5m was up by 16% over 2016.Agility chief executive and vice chairman Tarek Sultan said: “In 2017, Agility ...
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News
KOG adds to project logistics teeth in the US
Swiss project logistics specialist KOG Worldwide has further expanded its presence in the US with a Chicago branch under the management of subsidiary KOG Transport Inc.With representative offices already located in New York and Houston, this is the project logistics specialist’s third site in the US.“The business potential in the ...
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News
UK lifts Bangladesh air cargo ban
The UK has lifted a ban on airfreight being transported directly from Bangladesh, but there is still work to be done before exports can resume.Late last week, British high commissioner in Bangladesh Alison Blake and Bangladesh civil aviation and tourism minister AKM Shahjahan Kamal told local reporters that the UK ...
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News
Fast-growing SEKO Logistics opens new Amsterdam hub
SEKO Logistics has opened a new hub - its second largest in Europe - at Amsterdam’s Schiphol Logistics Park as part of its ongoing expansion.The new 80,000 sq ft facility doubles the size of SEKO’s previous locations in Amsterdam and brings its entire service offering under one roof, including cross-border ...
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News
International trade practices "archaic", says Freightos survey
International trade practices by US importers and exporters are “laughably archaic” say respondents to logistics technology provider Freightos' latest industry survey.With small businesses accounting for a third of total US imports, “a whopping 50% still rely on spreadsheets to manage shipments”, Freightos said after its survey of more than 500 ...
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News
Air cargo networking event prepares to meet
The second ACE Air Cargo Event and Global Air Cargo Solutions Meeting is preparing for its latest networking event.The ACE event, which aims to attract around 200 delegates from the forwarding and airfreight community, will take place in Shanghai on May 13-17 at the St Regis Jinan Hotel in the ...
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News
E-commerce boost for Aramex in 2017
E-commerce and express volume growth saw Middle East based logistics company Aramex report 2017 full-year revenues of AED4.7bn ($1.3bn), an increase of 9% on 2016.Dubai-headquartered Aramex said that its full year revenues were impacted by currency fluctuations, mainly in the Egyptian Pound.Excluding the impact of currency fluctuations, mainly in the ...
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News
time:matters Spare Parts Logistics celebrates 10 years
Germany-headquartered time:matters is celebrating 10 years of its Spare Parts Logistics division.Set up at the end of 2007 when the Lufthansa-owned logistics company won a tender from Siemens Healthcare and Fujitsu-Siemens, the division started out serving Scandinavia and Italy only.It now transports urgently needed spare parts throughout its own European ...
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News
EFL wins AEO accreditation
EFL International Distribution has been awarded full Authorised Economic Operator (AEO) status.The EU’s AEO programme, co-ordinated by the World Customs Organisation, seeks to facilitate trade while improving security in the supply chain.“The accreditation covers full customs simplification – security and safety,” said Chris Radley, EFL managing director. “The AEO scheme ...
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News
Ceva Logistics: going public in April?
US financial press reports suggest that supply chain management company Ceva Logistics may go public in April.Sources told the New York Post that an initial public offering of “roughly $1.5bn” is expected – which would make the company the second-biggest IPO of the year (after Brazil’s PagSeguro Digital payment services ...
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News
DSV airfreight volumes up 10% in 2017
Global freight forwarder DSV saw its airfreight volumes increase by 10.6% year on year in the fourth quarter of 2017, to 635,655 tonnes, as the industry recorded its strongest performance in nearly 10 years.The company said: “The high growth in the air freight market led to tight capacity and rate ...
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SEKO Logistics gets set for ambitious expansion
Chicago-headquartered SEKO Logistics is forging ahead with its expansion plans: growing its network, adding partners, making acquisitions – and altering its leadership.William Wascher has become chairman while James Gagne takes on the role of chief executive alongside his existing position as president.Gagne said: “We are continuing to focus on organic ...
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Panalpina increases collaboration across Perishables Network
Switzerland-based global freight forwarder Panalpina has made three of its longstanding agents full members of its Perishables Network: Cropa (Guatemala and Honduras), MIT Cargo (Sri Lanka) and TML (Pakistan).“In the perishables industry, shippers and local forwarders have traditionally followed their own practices. By working more closely together with our agents, ...
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News
Jefferies expects forwarder performance to be divided in 2018
A report from global investment bank Jefferies says that while European freight forwarders are benefiting from accelerating global trade, the resulting inflationary freight rates are putting “unprecedented” pressure on yields and increasing the performance divide.Airfreight volumes rose by 10% year on year in 2017, while seafreight was up by 6% ...
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Dachser: preparing for Chinese New Year
Global logistics provider Dachser USA is helping US importers and exporters prepare for the impact of Chinese New Year, which will see businesses across China and some countries in the surrounding region close from February 14 or 15 to 21 – and, in many cases, remaining closed until March 2.In ...