Freight forwarders – Page 10
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NewsDHL signs largest ever SAF deal with IAG Cargo
Source: IAG CargoDHL Express and DHL Global Forwarding are to use an extra 60 million litres of sustainable aviation fuel (SAF) under a renewed contract with IAG Cargo.The new contract covers 2024 and 2025 emissions and is the largest SAF agreement between an airline and a customer to date, say ...
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NewsDP World opens Panama forwarding office
Editorial credit: T.Schneider/Shutterstock.comDubai-based DP World has opened a freight forwarding office in Panama City, its latest addition to its network in Latin America.Like the logistics and shipping group’s existing outlets in the region, it offers air freight, customs clearance, warehousing multimodal transportation and related services.DP World chief operating officer Morten ...
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NewsAirfreight profits down, turnover up at Kuehne+Nagel
© 2024 Kuehne+Nagel. All rights reservedKuehne+Nagel’s airfreight profits fell sharply in the third quarter of the year, despite increased turnover.The Swiss-based forwarding group reported a 20% increase in its net air logistics turnover in the third quarter of 2024 in its latest results. Turnover was up from CHF1,512 million in ...
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NewsDSV to complete Schenker buy in mid-2025
Source: DSVDSV expects to close its acquisition of DB Schenker from Germany’s Deutsche Bahn in the second quarter of 2025, said group chief executive, Jens Lund.In announcing the Danish logistics and forwarding group’s results, Lund said that the third quarter of 2024 was a landmark for the company with the ...
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NewsSupply chains face new incendiary threat
Credit: tratong/ ShutterstockSupply chains are facing disruption caused by the new threat of incendiary devices being placed on aircraft.Following the discovery of incendiary devices in European parcel networks, Airforwarders Association executive director Brandon Fried warned that this new threat has implications for global supply chains and international economies.He said that ...
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NewsHong Kong forwarders welcome 2024 policy address as a boost to air cargo
Hong Kong Airport. Photo: Travelpixs/ shutterstockThe Hong Kong Association of Freight Forwarding and Logistics (HAFFA) has welcomed plans to expand cargo capacity and logistics services in the Greater Bay Area.Earlier today, Hong Kong Special Administrative Region (SAR) chief executive John Lee Ka-chiu delivered his annual address, outlining several initiatives designed ...
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NewsVideo promotes Hong Kong as a global eCommerce logistics hub
ePlus/U-FreightU-Freight Group subsidiary e+Solutions (ePlus) is helping to promote Hong Kong International Airport (HKIA) as a global eCommerce logistics hub.e+Solutions, an eCommerce logistics provider based in Hong Kong, has taken part in a corporate video created by the air gateway’s operator, Airport Authority Hong Kong (AAHK).Some of the video, called ...
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NewsChangi Airport Group opens new facility at Changi Airfreight Centre
Changi Airport GroupChangi Airport Group (CAG) – operator of Singapore’s Changi Airport ¬– has opened Changi Nexus One, a refurbished air logistics facility within the gateway’s Changi Airfreight Centre (CAC).The facility, which is connected directly to the apron at Changi, incorporates nearly 8,000m2 of warehousing space.Changi Nexus One is designed ...
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NewsShippers told to delay air cargo tenders until after peak season turmoil
Photo: ShutterstockAir cargo shippers have been told they should delay their 2025 tenders until after what is expected to be a tumultuous peak season.In a series of recommendations on how to manage current market conditions, Xeneta chief airfreight officer Niall van de Wouw said companies should make sure terms and ...
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NewsCEVA targets Saudi Arabia demand with new joint venture
Source: CEVACEVA Logistics has signed an agreement with Almajdouie Logistics to create a new joint venture logistics company in Saudi Arabia.The two partners said that CEVA Almajdouie Logistics will "leverage the strengths of both companies to meet the growing demand for integrated logistics solutions in Saudi Arabia to support the ...
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NewsPort strike suspension relieves air cargo pressure but peak outlook remains tight
Photo: Jaromir Chalabala/ ShutterstockThe suspension of US port strikes until next year has helped relieve some of air cargo's peak season capacity concerns but questions remain regarding just how busy the next few months will be.TAC Index editor Neil Wilson said that there was a mixed outlook for how tight ...
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NewsDSV raises €5bn to part fund Schenker acquisition
DSV has raised €5bn through a share sale to help fund its €14.3bn purchase of DB Schenker.The "oversubscribed" offering was made to institutional investors in Denmark and internationally at market price and without pre-emption rights to DSV’s existing shareholders."The proceeds from the offering will be used to partly finance the ...
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NewsUS port strikes end as temporary agreement reached
US importers and exporters will be breathing a sigh of relief after dockers at US container ports last night agreed to return to work after three days of strike action. The industrial action was launched on Tuesday as the dock workers’ contract ended without an agreement on a new deal. ...
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InsightsHeavylift supply chains thrive
Moving outsize and extremely heavy loads by air is a specialist business and a thriving one, according to the carriers, freight forwarders and handlers that are experts in the sector. Qatar Airways Cargo operates a fleet of 28 dedicated Boeing 777 freighters, which offer the specialised capability to transport a ...
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NewsRates on key Asia trades flat but steady in September
Airfreight rates on the transpacific market were largely flat in September but are expected to pick up as the peak season approaches and as US port strikes are now underway. The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
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NewsDeutsche Bahn approves sale of DB Schenker to DSV
Deutsche Bahn has approved the sale of its freight forwarding business DB Schenker to transport and logistics group and fellow forwarder DSV. Denmark-based DSV confirmed last month that it had agreed to buy Germany headquartered DB Schenker from state-owned railway firm Deutsch Bahn for €14.3bn, but the deal still needed ...
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NewsDon't miss out! Last tables for the Air Cargo News Awards
Air Cargo News Awards 2023. Images Copyright www.tellingphotography.comThere are now just weeks to go until the Air Cargo News Awards take place and so don't miss the chance to book one of the few remaining tables at this prestigious industry event.This year, the ceremony on October 23 will comprise a ...
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Union to vote against DSV's proposed take over of DB Schenker
Railway and transport union EVG is reportedly planning to vote against the sale of forwarder DB Schenker to DSV later this week.On Wednesday, the supervisory board of Schenker parent Deutsche Bahn is due to meet to vote on DSV's proposed €14.3bn deal to acquire the forwarder.However, publication Frankfurter Allgemeine Zeitung ...
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No resolution in sight as US east coast port strike action draws closer
Potential strike action at US East Coast and Gulf Coast container ports is drawing closer as there is no resolution in sight to the ongoing dispute between terminal operators and their employees.The current master contract agreement is due to expire on October 1 and workers say they will down tools ...