Freight forwarders – Page 114
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NewsMixed year for Europe's largest airfreight forwarders
Europe’s leading airfreight forwarders had a mixed year in 2015, with Panalpina and DHL Global Forwarding reporting demand decreases and Kuehne+Nagel (K+N), DSV Sea and Air and DB Schenker benefitting from increases.The forwarder that recorded the largest decrease in airfreight volumes was DHL Global Forwarding, which had a tough time ...
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Ontic opts for B&H Worldwide for AOG support
Logistics services provider B&H Worldwide has been appointed by Ontic, a wholly owned subsidiary of BBA Aviation, to act as a warehouse and inventory management company to support Ontic’s aircraft on ground (AOG) service provision around the world.A B&H climate-controlled facility near Heathrow will act as a principal service centre. ...
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Kestrel Liner Agencies opens dedicated airfreight office
Shipping line agency Kestrel Liner Agencies has opened a dedicated airfreight office following on from recent growth in the air cargo side of the business.The forwarder opened an office at Heathrow earlier this month with John Fiddies, who previously worked for forwarder Link Shipping UK, running the operation.Kestrel chief executive ...
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Metro Supply Chain buys Evolution Time Critical
Canada’s Metro Supply Chain Group has acquired Evolution Time Critical, the Europe-based specialist in automotive emergency logistics.The deal — financial terms were not disclosed — provides 3PL provider Metro with an opportunity to increase its automotive industry presence beyond North America.“We have the platform from which to expand our capabilities ...
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MIQ Logistics warns of summer supply chain disruption as Chinese factories close for G20 summit
Freight forwarder MIQ Logistics has warned of potential supply chain disruption this summer as Shanghai factories are closed ahead of the G20 Summit in Hangzhou.The forwarder said that its Shanghai office was receiving reports that factories in Shanghai and Hangzhou were being instructed by officials to prepare for slowdowns and ...
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Eurogate to launch forwarding services in Iran
Freight forwarder Eurogate Logistics is launching services in Iran, including airfreight, as it looks to take advantage of the lifting of sanctions in the country.Eurogate said that in response to the easing of sanctions earlier this year, had established a local network in Iran, which is able to offer freight ...
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Gebrüder Weiss reveals healthy 2015 results
Lauterach, Austria-headquartered international transport and logistics company Gebrüder Weiss has said that its 2015 fiscal year figures prove that it “surpassed the result of the previous year and successfully strengthened its position in several growth markets and sectors”. Enjoying a year on year increase of 3%, the group has revealed ...
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DB Schenker bucks the trend on 2015 airfreight volumes
Deutsche Bahn (DB) has released its financial results for the 2015 fiscal year, and those that relate to freight forwarder DB Schenker’s air cargo business are positive. Airfreight volumes handled by Schenker were up 1.4% over the 2014 figure. That’s an impressive result when compared to how some of the ...
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Panalpina’s 2015 annual report hits the streets
Global supply chain services giant Panalpina has published its full annual report for 2015. It adds some more flesh to the bones of the summary of 2015’s performance that was released a couple of weeks ago. It also offers some more insight into the company’s plans for the rest of ...
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WCA members to be given free access to WIN’s e-AWB platform
Independent forwarder members of the WCA network will all have free access to WIN’s electronic air waybill (e-AWB) platform for the remainder of this year, delegates at the WCA's annual conference 2016 have heard.The WIN platform, designed specifically for independent cargo agents and which connects to over 90 airlines, will ...
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Dachser creates new business unit to develop specialist solutions
Dachser has created a new central business unite that will look to develop logistics service targetting specific industries.The new Corporate Solutions, Research & Development business unit will be led by Stefan Hohm, who has led the Dachser Logistics Center in Hof, Germany, for the past seven years. Hohm will report ...
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DHL forwarding looks to a better year ahead after a 'transitional' 2015
DHL Global Forwarding is hoping a new IT system will help improve performance in 2016 after it recorded declines in airfreight volumes, revenues and an earnings before interest and tax loss (ebit) in 2015.Deutsche Post DHL’s Global Forwarding, Freight division recorded a 0.2% decline in revenues to €14.9bn, while ebit ...
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An Irish welcome awaits at FIATA's World Congress 2016 in Dublin, October 3-8
Dublin will play host to more than 1,000 freight forwarders later this year when the global industry association, FIATA, holds its annual World Congress at the Convention Centre Dublin, October 3-8, 2016.In addition to the social programme, the congress coincides with FIATA’S 90th Birthday. Founded in 1926, FIATA now represents ...
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European court upholds €169m in fines against forwarder cartels
The General Court of the European Union has upheld fines totalling €169m imposed by the European Commission against freight forwarders participating in an air cargo cartel between 2002 and 2007.A number of the companies – including Kuehne + Nagel (K+N), Panalpina and CEVA – applied the General Court for the ...
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Kuehne+Nagel expects new lithium battery regulations to push up supply chain costs
Kuehne+Nagel (K+N) is expecting the new lithium-battery regulations to add cost to air cargo supply chains, while it also provided its thoughts on the potential impact of Amazon starting its own logistics operations.Speaking shortly after announcing its results for 2015, the Switzerland-based forwarder gave its thoughts on new regulations banning ...
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NewsK+N sees profits and airfreight demand climb in 2015
Switzerland-based freight forwarder Kuehne+Nagel managed to improve profitability last year despite revenue declines, while airfreight volumes jumped in a “stagnant” market.The company saw revenues decline by 4.4% year on year in 2015 to Sfr20.3bn, earnings before interest, tax, depreciation and amortisation increased 3.6% on the previous year to Sfr1bn and ...
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NewsForwarder CEVA narrows losses while revenues slide
Freight forwarder CEVA saw revenues decline last year, while earnings before interest, tax, depreciation and amortisation (ebitda) increased and net losses narrowed.The European forwarder saw revenues decline by 11.5% year on year to $7bn on the back of currency effects. With exchange rate differences stripped out of the result, revenues ...
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NewsPanalpina sees airfreight demand slide on automotive and oil weakness
Lower demand in the oil and gas and automotive industries caused a decline in Panalpina’s airfreight tonnage last year, while overall revenues took a dive but net profits increased.The Switzerland-based forwarder recorded a 12.7% year-on-year decline in revenues in 2015 to Sfr5.8bn, earnings before interest and tax (ebit) crept up ...
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India and Europe the bright spots in difficult start to the year
Worldwide air cargo demand started the year slowly with only a slight increase in volumes recorded, but there was better news from Europe and India.In its monthly market analysis, WorldACD said there was “little to cheer” in January as global air cargo volumes increased by just 0.3% compared with a ...
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India develops new aviation policy as it gears-up for 'Make in India' campaign
India’s air cargo throughput is expected to more than double over the next 15 years as the government implements several supply chain improvements as part of its ‘Make in India’ campaign.Speaking at the Air Cargo India event in Mumbai, Renu Singh Parmar, senior adviser at the Ministry of Civil Aviation ...