Freight forwarders – Page 11
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NewsCooler air cargo market in September just a blip
The air cargo market showed signs of cooling slightly in September but expectations are that demand will quickly pick up again in October.Freight forwarder Dimerco said that e-commerce and electronics volumes had "underperformed expectations in September".The company also pointed out that while the Global Purchasing Managers Index (PMI) Composite Output ...
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NewsScan Global Logistics expands presence in Latin America
Source: Scan Global Logistics Freight forwarder Scan Global Logistics (SGL) has expanded its presence to Argentina and Colombia with the opening of new offices in the countries. The Denmark-headquarterd firm said it had recently opened offices in Argentina and Colombia as part of recent efforts to expand ...
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NewsAustralia the latest to add stricter requirements for European/CIS air cargo
Australia has joined the US and Canada in adding stricter security requirements for cargo originating from European and CIS countries. From September 26, the country will require that cargo being transported on passenger aircraft destined for the country should only be tendered from shippers with whom the forwarder has an ...
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Newstime:matters links with cargo.one
Lars Krosch, time:matters, and Simson Demmer, cargo.one. Source: time:mattersTime critical forwarder time:matters has partnered with cargo.one on the use of its online booking platform.The partnership will give time:matters' team the ability to quote and book capacity from over 60 airlines on a 24/7 basis, which the company hopes will reduce ...
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NewsTGP appoints UK GM as it looks to capitalise on energy sector growth
Ben Taylor. Image source: Trans Global ProjectsTrans Global Projects (TGP) has appointed Ben Taylor as the general manager of its UK business as it looks to benefit from growth in the energy sector.Taylor will take responsibility for the day-to-day running of the UK business and its future development. He has ...
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NewsFIATA endorses IATA Cargo Handling Manual
Freight forwarder association FIATA has given its backing to IATA’s Cargo Handling Manual in a move they hope will create efficiencies in airport operations through the use of a consistent set of global standards. The two groups said that the endorsement of the manual comes after one year of process ...
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NewsSATS and Sinotrans partner on the creation of new air hubs
Ground handler SATS and freight forwarder Sinotrans will work together to add a series of new airfreight hubs.The two companies said the partnership will see them create gateway hubs for Sinotrans' airfreight arm, Sinoair, in Singapore, Malaysia, Indonesia, Saudi Arabia and Belgium.Sinoair currently has regular charters operating between China, Liege ...
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Seko responds to market pressure with recapitalisation
US forwarding and logistics firm Seko Logistics has recapitalised to strengthen its financial position and allow for future investments.The company said it had successfully entered into a definitive agreement on a transaction with its key financial partners, although it has not outlined the exact details of the refinancing.The agreement is ...
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CVC offers to increase bid for DB Schenker
The private equity consortium led by CVC has reportedly launched a last-ditch effort to beat DSV in the race to buy DB Schenker despite the Danish forwarder having signed a €14.3bn take over deal last week.News agencies Reuters and Bloomberg are both reporting that CVC has written to Schenker parent ...
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NewsUS box port workers 'ready to strike' as contract deadline looms
Source: Strikernia/shutterstockUS East and Gulf Coast container port workers say they are ready to launch industrial action on October 1 unless a new contract can be agreed with terminal bosses before then.The International Longshoremen’s Association (ILA) yesterday issued a statement to say that members are "united as never before in ...
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S&P revises DSV's A- rating outlook to negative following Schenker deal
Credit ratings agency S&P has re-affirmed the forwarder's current credit rating of A- but revised its outlook to negative due to the risks associated with its planned €14.3bn take over of German logistics giant DB Schenker.S&P said that its decision to revise the firm's outlook from stable to negative reflects ...
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Dachser warns of potential golden week supply chain disruption
Dachser has warned customers to "start preparing now to minimise potential disruptions" to supply chains ahead of Golden Week in China.The forwarder said that from October 1 to October 7, most businesses and factories in China will be closed for the Golden Week holiday, which takes place during an already ...
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US plans a further crack down on e-commerce imports
The Biden administration last week announced plans to implement stricter rules on e-commerce goods being imported into the country under the de minimis exemption. If implemented, the requirements would mean that any products that are part of the Section 301, Section 201, or Section 232 trade enforcement actions would no ...
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NewsDSV signs deal to takeover DB Schenker and create world's largest forwarder
DSV has confirmed reports that it has signed a deal to take over German logistics giant DB Schenker in a move that will create the world's largest freight forwarder.In an update issued this morning, the Danish forwarder said it had agreed to buy DB Schenker from state-owned railway firm Deutsch ...
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NewsReports: DSV set to win the race to buy DB Schenker
DSV has reportedly won the race to purchase DB Schenker in a $14bn deal that would create the world's largest freight forwarder.Newswire Reuters said that the Danish forwarder had beaten off competition from a CVC-led private equity consortium to buy Schenker, with the deal to be signed off in the ...
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NewsE-commerce fuelled capacity crunch to continue
Air cargo looks set to continue its precedent-setting volume growth driven by booming e-commerce and have a long-term bright future despite a looming capacity crunch, a keynote speaker at the EU Cross-Border E-commerce Forum, held in Liege, Belgium on September 10, said.“We had eight straight months of double-digit growth,” Ryan ...
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NewsDHL points to a difficult Q4 as more figures confirm a bumper August for air cargo
Source: Supakitswn/ shutterstock.comDHL Global Forwarding's latest market outlook has highlighted a difficult end to the year, while figures from WorldACD show buoyant market conditions continued in August.The forwarder's State of the Industry report looks at the potential impact of demand, capacity, rates, economic growth and service disruption in the fourth ...
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NewsTrans Global Projects appoints new Benelux head of operations
Source: Trans Global. Edwin van LethTrans Global Projects (TGP) has appointed Edwin van Leth as head of operations in the Benelux region.Van Leth has worked in logistics for over 25 years, working across the region and multiple sectors, before specialising in project cargo.TGP chief executive Colin Charnock said: "Edwin will ...
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NewsOwen Mumford extends with Davies Turner
Source: Davies TurnerMedical device firm Owen Mumford has renewed its logistics partnership with Davies Turner for an additional three-year term.The renewed contract will continue to see Davies Turner providing UK logistics solutions, EU exports, including airfreight, and NHS fulfilment services, for Owen Mumford.Davies Turner, operating from one of its logistics ...
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Forwarders warn of air cargo peak season capacity crunch
Freight forwarders are warning of an air cargo capacity crunch out of key Asian markets during the peak season as new product launches and e-commerce demand put pressure on an already strained market.In its latest update, Taiwan-headquartered company Dimerco said that the rise in e-commerce demand experienced this year was ...