Freight forwarders – Page 103
-
News
GEFCO rides strong automotive demand
European logistics services provider GEFCO saw its turnover increase by 1.3% year on year in 2016, to €4.2bn.The good performance of the European car market was one major factor in the company’s positive results. GEFCO signed new agreements with Renault Nissan, VWG Audi. Toyota, BMW and Toyota last year as ...
-
News
K+N's new Changi centre to speed airfreight processing
Kuehne + Nagel (K+N) has opened a new airfreight hub in Singapore to consolidate its activities for the sector on the island.The Switzerland-headquartered forwarder’s new 5,200 sq m airfreight centre is located within the Changi Airport logistics park and consolidates warehousing, administrative and aviation logistics activities previously located at three ...
-
News
B&H to move Icelandair’s urgent spares
Icelandair Group has awarded B&H Worldwide a three-year contract to handle its urgent aircraft spares, with an option for two further years.The aerospace logistics specialist will move parts from vendors in Europe, North America and Asia on behalf of all three Icelandair Group companie – Icelandair Technical Services, Icelandair and ...
-
News
Hacis looks to add depot to capitalise on new Hong Kong bridge
Hactl-owned logistics firm Hacis is hoping to capitalise on the opening of the Hong Kong-Zhuhai-Macau bridge − set to be completed over the coming year – with the addition of a new depot.The bridge, which also includes tunnels and connections to other areas, will connect directly into Hong Kong International ...
-
News
Kerry Logistics expands with investment in CIS forwarder
Fast expanding Kerry Logistics has expanded its presence in the CIS region with an investment in Globalink Logistics DWC.The Hong Kong-headquartered forwarder said the move would add nine countries to its network and help it capitalise on China's 'Belt and Road' initiative that aims to develop overland links between China ...
-
News
Kersten to be new FIATA head
The International Federation of Freight Forwarders Associations (FIATA) has appointed Hans Kersten as deputy director and director general designate after the retirement of Marco Sorgetti in September.Kersten, who was previously International Union of Railways (UIC) freight director is a qualified lawyer and speaks five European languages.He worked for German Railways ...
-
News
Rhenus adds to Indonesia network
Freight forwarder the Rhenus Group says it plans to open an office in Surabaya, Indonesia’s second-largest city, in early August following the opening of an office in Semarang in February. It adds that its local has also gained IATA certification since May.Rhenus now has operations at four sites in Indonesia ...
-
News
APAC forwarding market on the uptick
A survey conducted by consultants Mike King and Cathy Roberson for the new APAC Forwarding Index indicates that airfreight volumes on major East-West trade lanes are expected to continue to grow in the coming months, with only nine percent of respondents expecting lower volumes in August than in May across ...
-
News
Neutral freight alliances join forces
Two neutral freight alliances, Cargo World Network (CWN) and Neutral Air Partner (NAP), have entered into a strategic partnership that will aim to provide “first-class neutral air and ocean consolidation solutions to the global logistics community”, a NAP statement has said.CWN brings together regional operators in over 50 markets to ...
-
News
Airfreight rates continue to rise in April
Airfreight rates improved again in April led by improvements on services from Asia to North America.The latest Sea and Air Shipper Insight report from Drewry, which uses a weighted average of buy rates across 21 trade lanes, showed that average east-west airfreight prices increased by 7.9% year on year in ...
-
News
Agility reaches partial settlement over US government military supply contract
Logistics firm Agility has agreed to a settlement for one element of the ongoing criminal court case over allegations it defrauded the US government on a military supply contract, but the wider civil and criminal case continues.The company has agreed to plead to a misdemeanour in connection with US government ...
-
News
DHL adds another China-Europe rail link
DHL Global Forwarding is continuing to expand its rail services between China and Europe with a new connection to Belarus.The forwarding giant today launched the first regular rail connection between Shenzhen and Minsk.The route takes 12 days and also covers new overland connections to several major cities along China’s “Belt ...
-
News
DHL forwarding doubles Brussels pharma facility
DHL Global Forwarding Belgium has more than doubled the size of its temperature controlled facilities at Brussels Airport on the back of growth in the segment.The development sees the forwarder expand its GDP licensed temperature controlled area to 5,300 sq m from its previous 1,750 sq m.It will offer a ...
-
News
Forwarders call for fast-track for US customs chief
The Airforwarders Association (AfA) in the US has called on the Senate to swiftly confirm Kevin McAleenan as Customs and Border Protection (CBP commissioner, pointing out that the appointment was critical to the safe, secure and efficient movement of cargo.Moreover, said AfA executive director, Brandon Fried, McAleenan, who is currently ...
-
News
Rhenus to add new airfreight locations in Asia Pacific
Logistics firm Rhenus has revealed plans to expand its air and seafreight business in the Asia Pacific region with a 10% increase in the number of sites it occupies.The company said it had already opened six new offices, including two in the Philippines (Subic and Clark) and one branch each ...
-
News
Nimble Agility outstrips the market
Kuwait-based logistics firm Agility reported profits up 11.4% to KD14.6 million in the first quarter of 2017, an increase of 11.4% over the same period in 2016.EBITDA earnings were KD30.8 million, up 17.4% increase, while revenue was up 7.3% to KD320.5 million.Growth came from infrastructure companies in emerging markets and ...
-
News
Pain and gain in the supply chain
Today’s supply chain is complex but it can be a way of gaining new customers, said freight forwarder Geodis’ 2017 Supply Chain Worldwide survey.The findings, revealed at the Transport Logistic trade fair in Munich, showed that 70% of the survey’s respondents - 623 professionals in 17 countries - described their ...
-
News
Weak margins push Damco into red
Damco, the freight forwarding arm of the AP Moller shipping, energy and transport group, reported a loss of US$8m in the first quarter of 2017. It blamed “significant margin pressure” and higher investments in product development.Revenue was $612m with airfreight and ocean controlled volumes growing by 10% and 11%, respectively. ...
-
News
Flexport to invest in cross-dock facilities
Forwarder Flexport will invest in a network of consolidation facilities as it looks to gain greater control over supply chains.Speaking to Air Cargo News at the Air Cargo Europe event, Flexport chief executive Ryan Petersen revealed that the company had just signed deals for facilities in Hong Kong and Los ...
-
News
Kerry takes stake in Italy’s Tuvia
Asian forwarder Kerry Logistics is to buy a majority stake in Italy’s Tuvia Group.Tuvia Italia is active in air, maritime, land, multimodal shipments, and integrated logistics in Italy. Headquartered in Milan with offices in Verona, Venice, Trieste, and Nerviano, the company manages over 25,000sq m of logistics space.As ISO9001 certified ...