Freight forwarders – Page 120
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UPDATE: DHL airfreight volumes decline as it turns away business to protect margins
Freight forwarder DHL Global Forwarding's decision to turn away airfreight business to protect profits in the first half of this year resulted in a decline in volumes.The Bonn-headquartered forwarder recorded a 7.2% year-on-year decline in airfreight exports during the second quarter to 530,000 tonnes, while the half-year result was down ...
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Decrease in airfreight forwarder optimism
Danske Bank Markets’ European Freight Forwarding Index indicates a minor decrease in June's market sentiment among freight forwarders for future air cargo volumes compared with two months ago.Expectations for airfreight came in at 47 points for July and 46 points for August thus suggesting lower volumes in two months.The overall ...
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CEVA records second quarter airfreight growth
Logistics firm CEVA recorded a slowdown in airfreight volume growth during the second quarter while losses improved slightly.The Netherlands-headquartered logistics company reported a 0.7% year-on-year increase in air volumes during the second quarter of the year, down on the 5.2% growth recorded in the first quarter.It said the slowdown was ...
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DHL Global Forwarding considers the future of troubled IT transformation project
DHL Global Forwarding is considering completely scrapping the IT and enterprise resource planning (ERP) systems it has been developing as part of its New Forwarding Environment (NFE) transformation project in favour of a different system.Speaking shortly after announcing second-quarter results, Deutsche Post DHL chief financial officer Larry Rosen said that ...
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DSV ups profit forecast as airfreight volumes takeoff
DSV has raised its profit forecast for the year as its airfreight division grabbed market share and it benefitted from exchange rate gains in the second quarter.The Danish forwarder recorded a 10% year-on-year increase in airfreight volumes during the second quarter to 77,000 tonnes.Air revenues increased by more than 4% ...
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LATAM Airlines converts tons into travel credits
LATAM Airlines Group cargo customers can now benefit from Cargo Rewards, a corporate programme that converts transported international cargo tons into credit for travel.The scheme will apply to qualifying airfreight booked on LAN Cargo, TAM Cargo, LAN Cargo Colombia and Mas Air.Álvaro Carril, LAN Cargo’s senior vice president sales & ...
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Thailand's Trans Air Cargo pushes ahead with e-AWBs
Thailand’s second largest air forwarder, Trans Air Cargo (TAC), has continued to increase its use of e air waybills.TAC began its digital transition in the spring of 2015 and is now sending 400 to 500 electronic-air waybills (e-AWB) per month.“Continuous engagement with airlines on a local level is an important ...
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Logwin answers a logistical trunk call
An elephant never forgets, nor does it flap a deaf ear.Germany-based logistics services provider Logwin has transported a supersize format loudspeaker by truck and aircraft to Addo Elephant National Park in South Africa.The equipment will allow the University of Vienna to study how elephants can communicate over great distances ...
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Forwarder CH Robinson reports tough Q2 for air cargo
US trucking and forwarding giant CH Robinson saw airfreight revenues decline in the second quarter as it came under pricing pressure.The Minnesota-headquartered company recorded an overall 1.2% year-on-year increase in revenues during the quarter to $3.55bn, while net income grew by 15.7% on a year earlier to $137m.The increases were ...
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AMI appoints French in Africa
Airfreight wholesaler AMI has promoted its General Manager South Africa, Milton French, to the post of vice president, Africa, following the retirement of current incumbent Mike Todd.French has spent over 30 years in the freight industry, holding a variety of senior posts for leading forwarders including Mitchell Cotts, Micor Meadows ...
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Logistics sector losing the price war
A large section of the logistics sector is losing the battle to implement planned price increases, coupled with an extremely low success rate when introducing new products and services.These are the results of the most recent Global Pricing Study*, based on responses from approximately 1,600 managers, conducted by the global ...
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Update: DB Schenker Logistics not for sale but set for part privatisation
Deutsche Bahn has dismissed the potential sale of its DB Schenker Logistics business but adds it is open to part privatisation of the forwarder.On announcing its half-year results, which saw the rail and logistics giant increase overall revenues by 1.3% on last year to €20bn, although industrial action caused earnings ...
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CEVA opens new Netherlands distribution centre
CEVA Logistics has opened a new distribution centre for industrial spare parts, consisting of warehousing space of 12,000 sq m and a yard of 10,000 sq m in Born, the Netherlands.The new centre, which will cater for air, ocean and overland cargo, features 28,000 bin locations and 3,000 sq m ...
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Panalpina suffers Q2 airfreight declines
Panalpina lost ground on its airfreight rivals during the second quarter of the year as key market segments came under pressure, while profits took a hit on currency exchange.The Switzerland-based freight forwarder recorded a 5% decline in volumes compared with last year to 203,000 tonnes, which it blamed on lower ...
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Yusen expands in Mexico
Yusen Logistics has opened two offices at Mexico City Airport to manage the forwarder's air cargo operations that were previously handled by third parties.With the rapid growth of the local automotive industry and the increase in Mexican imports, the need for detailed transportation management is rising, said the Japanese-owned logistics ...
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AMI responds to ex-works purchasing in India
AMI has responded to India’s ex-works purchasing demand with a new service that enables forwarders to “optimise the arrival time of their customers’ imports”.The trade-only airfreight and express wholesaler’s ex-works service provides door to airport transportation from any non-restricted origin point in the world, to any airport in India.The service ...
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B&H Worldwide to go global with AOG service
Aerospace logistics provider B&H Worldwide has extended its aircraft on the ground (AOG) service to cover its entire global operation.B&H's AOG service is operated from its Heathrow 24/7 Critical Logistics Centre - a permanently staffed single point of contact for all customers needing expert critical logistics assistance to help get ...
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UPDATE: First half air cargo boost for K+N
Kuehne + Nagel delivered a "sensational" airfreight performance in the first half of the year as export increases from Europe, North America and Asia helped the logistics giant outpace the airfreight market with a 5.2% rise in volumes to 610,000 tonnes.In addition, said Switzerland-based K+N, the expansion of services for ...
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UPDATE: XPO gains injunction against Norbert Dentressangle shareholder
XPO Logistics has won an injunction against one of the shareholders of Norbert Dentressangle as it attempts to acquire all of the shares in the French logistics giant.XPO, which in June completed a deal to purchase the Dentressangle family’s 67% shareholding in the logistics firm, has been pushing ahead with ...
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Investment dithering costs UK dear, says forwarder’s chief
The British International Freight Association (BIFA), the UK’s main forwarders’ body, is calling for “real investment” in the country’s logistics network, including airports, ahead of the Chancellor's Emergency Budget tomorrow (July 8). Director general Robert Keen described the “prolonged dithering” over extending runway capacity in south east England as “the ...