Freight forwarders – Page 118
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News
Panalpina looks to develop charter network
Panalpina is hoping to expand the door-to-door capabilities of its charter network as it celebrates the 25th anniversary of the product’s launch.At an event to celebrate the launch of its charter network in 1990, the forwarder’s global head of airfreight Lucas Kuehner told Air Cargo News that by having greater ...
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Freight forwarder Toll expands German presence
Toll Global Forwarding has expanded its presence in Germany through the creation of two new branches in Germany.The Japan Post-owned forwarder, part of the Toll Group, will open the two new forwarding offices in Munich and Nuremberg.The Munich office opened today while the Nuremberg facility will be operational from October ...
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Update: K+N airfreight volumes up 5.1% in stagnant market
Kuehne + Nagel (K+N) outpaced a “stagnating airfreight market” to grow its own volumes by 5.1% in the first nine months of 2015.The Switzerland-based multimodal logistics giant said of its air cargo business: “The increasing demand for specialised services in the industry segments automotive, pharma, aerospace and perishables contributed to ...
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K+N airfreight volumes up 5.1% in stagnant market
Kuehne + Nagel (K+N)outpaced a “stagnating airfreight market” to grow its own volumes by 5.1% in the first nine months of 2015.The Switzerland-based multimodal logistics giant said of its air cargo business: “The increasing demand for specialised services in the industry segments automotive, pharma, aerospace and perishables contributed to this ...
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DSV's takeover of UTi to create world's eighth largest air forwarder
DSV’s takeover of UTi is set to push the Danish firm into the world’s top ten airfreight forwarders from its current position just inside the top 20.Based on 2014 volumes from consultancy Armstrong & Associates, the takeover will see DSV’s airfreight volumes increase to 655,662 metric tons from 287,662.This would ...
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DSV to buy UTi Worldwide for $1.35bn
DSV Group has signed an agreement to acquire US based UTi Worldwide, a global, supply chain services and logistics company with revenue of $3.9bn and 21,000 employees in 58 countries.DSV will pay $7.10 in cash per ordinary share. The total transaction implies an enterprise value of approximately $1.35bn.The combined company ...
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DSV in $1.35bn takeover bid for UTi
Consolidation in global freight forwarding continues, with the announcement that Danish forwarder DSV Group has signed an agreement to acquire US based UTi Worldwide in a deal worth $1.35bn.UTi is a global, supply chain services and logistics company with revenue of $3.9bn and 21,000 employees in 58 countries.“The combined company ...
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Rail services a major challenge to air in central Asia
One of the major challenges that the air cargo industry in the CIS and central Asia regions faces is the growth of rail services from the Far East, according to DHL Global Forwarding’s chief executive eastern Europe.Speaking at the Caspian Air Cargo Summit, DHL’s Kerem Inanc said there were a ...
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Improve perishable transport service quality to avoid losing share to ocean
Airfreight must improve service quality if it is to minimise the impact of customers with perishable goods switching to seafreight.Kuehne & Nagel's global business development manager for perishables logistics, Natasha Solano, said that over the last few years there had been a trend for perishable cargo to transfer over to ...
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News
XPO Logistics bags Lynx contract
Helicopter maker AgustaWestland has appointed XPO Logistics to coordinate the handling, storage and transportation of eight Lynx Mk21A helicopters from Brazil to the UK.In an extension of a “longstanding” relationship with AgustaWestland, XPO Logistics global forwarding teams will be responsible for transporting the Lynx helicopters to the UK for a ...
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Lange joins FedEx forwarding arm
FedEx Trade Networks, the freight forwarding and customs brokerage arm of the US parcels giant, has appointed Udo Lange as executive vice president and chief operating officer.Dr Lange is responsible for overseeing all global air and ocean freight forwarding and customs brokerage operations for the company.Lange has more than 20 ...
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New finance chief for CEVA
Netherlands-based CEVA Logistics has appointed a new chief financial officer, Arjan Kaaks.Kaaks, who reports to chief executive Xavier Urbain, joins CEVA from Benelux privately-owned retailer Maxeda DIY Group, where he was chief financial officer (CFO) and an executive board member.Previous employment includes spells at O’Neill Group, the sports lifestyle brand, ...
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Sinker to find SEKO solutions
SEKO Logistics has appointed Randy Sinker to the new post of chief client solutions officer. Based in Chicago, he will work closely with SEKO’s Customer Solutions Group teams in Europe and Asia Pacific, with responsibilities including client ‘on-boarding’, account management and customer service.Chief executive, William Wascher, describes the appointment as ...
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Tech expert joins Seko Logistics
Supply chain service firm SEKO Logistics has appointed Rick Lee as its new chief operating officer in the US. Lee, who joins Seko from technology company Avaya, will be based in Chicago, where he will he oversee Seko’s client solution group, operations and procedures, logistics infrastructure and procurement.Earlier in his ...
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De Pauw re-joins DHL in Africa
DHL Global Forwarding has appointed Daniella de Pauw as chief executive, Sub-Saharan Africa.De Pauw will be based in Johannesburg and will be responsible for driving growth in the Sub-Saharan Africa region.She said: “Having served businesses in the region for over 35 years, we continue to ensure that the markets have ...
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Forwarders welcome Transpacific Partnership agreement
The US Airforwarders Association (AFA) and Boeing have welcomed the conclusion of the Transpacific Partnership negotiations.Yesterday, the US, Japan and 10 other Pacific rim nations reached an agreement on what is set to become the world’s largest regional trade agreement.However, the agreement, described as a first step, now needs to ...
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Swiss WorldCargo to offer single process e-AWB to forwarders
Swiss WorldCargo has begun offering the electronic air waybill (e-AWB) single process, which it hopes will accelerate the adoption of the e-AWB throughout its network.The airline said that following a four month trial it now accepts single process e-AWB shipments in Zurich, Montreal, Los Angeles, New York JFK and Copenhagen.The ...
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GEFCO says more acquisitions to come following IJS Global deal
Expansionist logistics firm GEFCO will target more acquisitions, following yesterday’s move for forwarder IJS Global, as it strives to double its turnover.The Russian Railways majority-owned company has ambitions to increase turnover from €4bn to €8bn by 2020.As part of this growth, forwarding arm GEFCO Overseas has the target of increasing ...
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Logistics consolidation continues as GEFCO swoops on IJS Global
Automotive logistics specialist GEFCO Group has pushed ahead with its diversification drive and expanded its airfreight operation with the acquisition of Dutch freight forwarder IJS Global from private equity firm Nimbus.Amsterdam-headquartered IJS Global specialises in air and sea forwarding and generated revenues of €160m in 2014.It has an operational footprint ...
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DB Schenker to launch European-wide express service through GLS partnership
DB Schenker Logistics will enter the European-wide express market through a partnership with a parcel service provider as forwarders continue counter express operator incursions into their market.The German logistics giant this morning announced it had struck up a European-wide partnership with the GLS Group, which will allow it to expand ...