All Freight Forwarder Articles – Page 95
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Forwarder MNX expands healthcare presence with Logical acquisition
MNX Global Logistics has acquired Australian forwarder Logical Freight Solutions (LFS) as it looks to expand its international healthcare supply chain offering.Melbourne-based LFS serves the healthcare industry, including life science, ag-bio, diagnostics, therapeutics, proteomics, medical devices, microbiology, genomics, chemicals, radiopharmaceuticals, instruments, spare parts and all consumables for these industries.US-headquarterd MNX ...
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time:matters targets high-tech sector with international expansion
Time critical logistics firm time:matters is expanding internationally with the opening of its first air station outside of Europe.The Lufthansa-owned company has revealed that it will open a new station in Tel Aviv to cater for high-tech/semicon, medical electronics, agricultural technology and telecommunications demand around the city.From the new station, ...
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Panalpina’s COO Andy Weber to leave at the end of 2017
Panalpina's chief operating officer (COO), Andy Weber, will leave the company at the end of the year. The COO position will not be replaced.Weber, a member of the Switzerland-based logistics operator's executive board, joined the company in 2015.In a statement, Panalpina said that Weber has successfully led many turnaround projects ...
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Flexport the latest forwarder to secure airfreight space over capacity concerns
Flexport has become the latest freight forwarder to charter aircraft capacity for the peak season in order to avoid capacity shortages.The US forwarder revealed that it will charter a Boeing 747-400F aircraft from Atlas Air Worldwide for use on the transpacific tradelane. The first flight will from Hong Kong on ...
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UK forwarders concerned over post-Brexit customs plan
The British International Freight Association (BIFA) says that the House of Commons Public Accounts Committee is right to have concerns over the government and HMRC’s plans for customs procedures post-Brexit.Commenting after the publication of a report by the Committee, the trade association for UK freight forwarders agrees that more needs ...
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CEVA remains in the red despite airfreight demand growth
Freight forwarder CEVA remained in the red during the third quarter of the year despite increases in revenues and airfreight volumes.The forwarder, which has been subject to takeover rumours this year, saw third-quarter revenues increase by 6.1% year on year to reach $1.8bn and adjusted earnings before interest, tax, depreciation ...
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Expeditors: air cargo volumes rise 12% in third quarter 2017
Washington, Seattle-based global logistics company Expeditors International saw its airfreight tonnage increase by 12% year on year in the third quarter of 2017.Airfreight revenues for the three months totalled US$735,164, 18% more than the same period of 2016. Costs also rose, however: airfreight operating expenses stood at 547,595 (a year-on-year ...
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Nippon Express: export growth slows
Nippon Express moved 23,313 tons of outbound air cargo from Japan during October, 16.5% more than the same month of last year.It was the fifth consecutive month of growth in 2017 for the Tokyo-headquartered multimodal logistics company. However, the level of increase has been falling since May when it registered ...
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DHL forwarding's quarterly airfreight volumes up 8% as gross profit declines
Deutsche Post DHL Group (DP-DHL) registered positive results during the third quarter of 2017, with total revenue up 5.6% over like period last year, to €14.6bn.“We had a strong third quarter with record earnings yet again,” said Frank Appel, group chief executive of the Germany-based global mail and logistics company.“All ...
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Panalpina consolidates Prague presence
Freight forwarder Panalpina has consolidated its three Prague warehouses into one 7,000 sq m facility at the logistics centre in Pavlov, close to Vaclav Havel airport in the Czech capital.The new facility opened in September and offers services such as Customs clearance for imports and exports, pick and pack, labelling, ...
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Jonathan Clark joining AMI as new chief executive
Menzies Aviation has appointed Jonathan Clark as chief executive of Air Menzies International (AMI), its airfreight and express wholesaler subsidiary. Clark takes up the role in January 2018.He replaces Stephen Koller, who has left the company to pursue other interests.Clark has long experience in the air cargo sector, and over ...
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Dachser renews ISO certification
Atlanta-headquartered multimodal transportation service provider Dachser USA has gained ISO 9001:2015 certification for the second year in a row.In other news from the German-owned logistics firm, recently appointed general manager of the South Central region, Erion Hormoviti, is to head up the company’s newly expanded office in Dallas, Texas as ...
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Property boosts Agility profits but freight is flat
Middle East headquartered global freight forwarder Agility reported third quarter earnings up 18.1% to 14.2 fils per share on net profit of KWD17.8m, an increase 17.4% over the same period in 2016.However, the growth was due mainly to a strong performance by its infrastructure business; the forwarding business was relatively ...
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E-commerce leads Aramex profit growth
Middle East based forwarder Aramex said its net profits had increased by 13% in the third quarter of 2017 to AED 81.6m, up from AED 72.2m in 2016.Revenues in the third quarter, ending September 30, also increased 9% to AED 1,144m, compared to last year’s AED 1,050m. Were it not ...
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Forwarders call for action to end Heathrow's congestion ‘misery’
The head of the UK’s freight forwarders’ group has called for “action not words” over growing congestion at London Heathrow airport’s cargo terminal.British International Freight Association (BIFA) director general Robert Keen says that congestion at the so-called Horseshoe Road area of Heathrow “is as bad as it has ever been ...
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Seasonal hike sees ¢12 jump for Drewry airfreight price index
Drewry’s East-West Airfreight Price Index of 28 major routes jumped 12 cents to $2.68 per kilo in September.The airfreight and shipping analyst said: “This seasonal hike to the index was expected and brings it to parity with September 2016.”September 2016’s index was $2.69, after which it surge to $2.99 in ...
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NYK to become 100% owner of forwarder Yusen
Japanese shipping and transport company NYK is to acquire the remaining 41% stake of its freight forwarding subsidiary, Yusen Logistics, from minority shareholders. The transaction is expected to be completed by late March, 2018.In a statement, NYK said the move was part of its strategy to expand beyond its traditional ...
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AMI and Crowley sign mutual deal
US-based Crowley Logistics has signed a reciprocal partnership with airfreight wholesaler Air Menzies International, to enhance offerings to each other’s customers.Under the deal, the 400,000 cu ft CrowleyFresh facility near Miami International Airport will become the centralised consolidation facility for AMI's Miami Gateway operation between Latin America, the US, and ...
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DSV looks back on positive three months for sea and airfreight volumes
DSV, the Denmark-headquartered supply chain specialist, has reported on its third-quarter performance.Net revenue over the third quarter reached DKr18.7bn Danish Krone, up from DKr17.2bn in the same three months of 2016.Gross profit rose from DKr4bn in the year-earlier period to reach DKr4.1bn in the 1 July to 30 September 2017 ...
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Rhenus consolidates airfreight operations through Frankfurt
Supply chain operator Rhenus is consolidating its European airfreight volumes at Frankfurt airport, Germany’s busiest air cargo hub.The decision to create the new hub was taken in response to “the positive global development in business and the increasing volumes of freight in its air and ccean business”.The airfreight hub at ...