Freight forwarders – Page 111
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News
SEKO Logistics invests in new Hong Kong e-commerce facility
SEKO Logistics has added further warehousing and fulfilment capacity in Hong Kong as part of its effort to develop an ‘e-commerce gateway’ for retail and high-tech customers targeting China’s booming online consumer market.The global logistics services provider’s most recent investment in Hong Kong has seen it open a new 50,000 ...
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DSV confirms further stride towards full UTi integration
DSV has confirmed and added further details to what was announced in the recent press conference revealing the group’s second-quarter results: that the former UTi operation in the US has been fully integrated into the company.A statement explained: “DSV Air & Sea in the USA have completed the office and ...
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Bolloré to let Heathrow Skyline facility
French logistics giant Bolloré has signed a 15-year lease on an 80,000 sq ft facility adjacent to London Heathrow International Airport.This facility, due to be completed this month (August), forms one part of a development called Skyline that consists of two warehouse units with a footprint of 80,000 and 74,000 ...
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Agility reports on challenging quarter
Supply chain services provider Agility Logistics has reported on its second-quarter financial results, revealing that the group’s revenue fell slightly year on year to 309m Kuwaiti dinars ($1,024m) but that net profit rose by 11% to reach KD15m ($50m).The company’s Global Integrated Logistics (GIL) business, which handles freight forwarding operations, ...
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NewsDSV sees airfreight growth but profits slide as UTi acquisition takes effect
DSV saw double-digit growth in airfreight volumes and gross profits in the second quarter of the year but margins took a hit as the integration of UTi continues to take effect.Announcing its second-quarter results, the Denmark-based logistics company saw revenues increase by 34.1% year on year to DKr17.6bn, while operating ...
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CEVA stays in the red but air volumes grow ahead of market
Logistics company CEVA has reported ahead of market growth in air volumes in the first half of the year while revenues decreased and it remained in the red.The world’s twelfth largest airfreight forwarder saw revenues decline by 7.8% year on year to $3.2bn, while adjusted earnings before interest tax, depreciation ...
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Tough second quarter for Expeditors
US forwarder Expeditors endured a difficult second quarter as revenues and profits both declined, while airfreight revenues were also behind last year.The world’s fifth largest airfreight forwarder reported a 13% year-on-year decline in second-quarter revenues to $1.5bn, while operating profit was down 2% to $179m and net earnings attributable to ...
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3D printing, a supply chain challenge
Panalpina's strategic partnership with 3D printing specialist Shapeways is one more step in a march towards digital manufacturing that will challenge supply chain suppliers, including air cargo.In May this year, software company SAP signed an agreement with UPS to collaborate to transform the ad hoc world of industrial 3D printing ...
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Revenues down but operating profit surges for DP-DHL's forwarding arm
Deutsche Post DHL Group’s (DP-DHL) freight forwarding arm saw 2016 second quarter revenues fall by 9.3% to €3.4bn, versus €3.8 in like prior year period 2015, while divisional operating profit improved by 72.5% to €69m.Adjusted for negative currency effects and lower fuel surcharges, the Global Forwarding, Freight division’s revenue declined ...
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Priority Freight adds new German airfreight department
Priority Freight has set up a new, dedicated emergency airfreight department at its office in Willich, Germany in order to enhance operations in central Europe.The department is located less than 25km from Düsseldorf International Airport and will offer the time critical logistics firm's latest IT system.Priority Freight group managing director ...
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FIATA World Congress 2016 confirms new speakers for Dublin event
International freight forwarders’ association FIATA has announced an updated speaker programme for its World Congress 2016, to be held in Dublin, Ireland, from October 3-8.Over 30 speakers will share their ideas and opinions on topics of global relevance affecting freight transport, logistics and international trade.Keynote speakers on the opening day ...
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May was not such a merry month for air cargo
May was another month of “disappointment” for air cargo as demand growth was “limited to 0.5%”, according to WorldACD.The analyst said it was hardly surprised by the low growth figure given that “world trade is in a slump”. During the month, volumes originating from North America declined by 4% year ...
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Lufthansa Cargo looks to become sole owner of time:matters
Lufthansa Cargo has applied to purchase all the shares of time critical logistics firm time:matters with a decision from the German competition authority on whether to approve the deal expected next month.The German cargo carrier currently owns a 49% shareholding in the logistics firm with the remaining 51% owned by ...
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Shape of things to come: Panalpina and Shapeways in strategic partnership for 3D printing
Panalpina and US-based 3D printing company Shapeways have entered into a strategic partnership to expand globally their digital manufacturing capabilities.Switzerland-based logistics giant Panalpina sees digital manufacturing and 3D printing specifically as “a perfect complement to its Logistics Manufacturing Services (LMS) offering, giving customers the possibility to customise products and bring ...
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DB Schenker air cargo growth lags behind rivals
German logistics giant DB Schenker recorded an above market increase in airfreight demand during the first half of the year but growth lagged behind that of two if its largest rivals.DB Schenker, which is the world’s third largest airfreight forwarder and owned by Deutsche Bahn, said that air cargo demand ...
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Panalpina airfreight volumes rise in difficult market
Panalpina has reported on a challenging six months of operations for its airfreight arm, and right across its business.Airfreight volumes rose by 8% year on year over the first six months of 2016, although the market had – the Switzerland based logistics player said – shrunk by 3%.However, much of ...
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Ambatovy looks to DHL Global Forwarding for project logistics
DHL Global Forwarding has inked a three-year global freight forwarding agreement with Ambatovy, a joint venture between Sherritt International Corp, Sumitomo Corp and Korea Resources Corp.The deal encompasses two contracts, according to which the freight forwarding division of Deutsche Post DHL will provide onshore and offshore services for Ambatovy.For the ...
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AMI sees Durban growth from “fly-direct” policy
The Durban office of AMI enjoyed what the world’s largest trade-only airfreight and express wholesaler described as a “dramatic growth in traffic” over the first half of 2016.The first quarter brought healthy year on year growth of 7.4%, but this rate of expansion was overtaken by the second quarter’s even ...
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NewsAirfreight volumes on the up for K+N
Logistics services giant Kuehne+Nagel (K+N) has reported its half-year results for the six-month period ending 30 June.The Switzerland-headquartered company said that while net turnover fell year on year from CHF8,225m ($8,366m) to CHF8,147m ($8,287m), gross profit rose by 8% compared to the first half of 2015, improving from CHF3,018m ($3,070m)to ...
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IATA and FIATA hail partnership of equals in new-look agency programme
The International Air Transport Association (IATA) and the International Federation of Freight Forwarders Associations (FIATA) have unveiled long-awaited reforms to the IATA Cargo Agency Program, promising to treat forwarders as equals alongside airlines.Following a review initiated in 2012, the new IATA-FIATA Air Cargo Program (IFACP), signed today by IATA director ...