Freight forwarders – Page 19
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InsightsSurvey: Air cargo optimistic for the year ahead
Air Cargo News recently carried out a survey of airfreight professionals and found the majority are expecting market conditions to improve this year.The air cargo industry is optimistic the market will improve in the coming year, with expectations that both volumes and rates will increase in 2024.A survey of more ...
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NewsDSV sees air revenues and volumes tumble in 2023
DSV's airfreight revenues, volumes and gross profits all took a hit last year due to improved ocean shipping operations, high inventories and a weak consumer market.The Denmark-headquartered forwarder reported a 44.1% year-on-year decline in air revenues in 2023 to Dkr50.6bn, gross profit for the year was down 27.9% to Dkr13.4bn ...
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Airfreight rates on the up as January draws to a close
Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports of a move from sea to air due to the Red Sea crisis.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in the last full week of ...
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Flexport set for another round of job cuts
Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year.Tech publication The Information last week reported that the forwarder will cut 20% of its staff, equating to around 500 people.The company last year cut 20% of its staff in mid-January as it was ...
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NewsGCL continues recruitment drive with CGO appointment
Brent Nagy. Source: CGLGlobal Critical Logistics (GCL) has appointed Brent Nagy as its chief growth officer as the company continues its expansion drive.In his new role at the time-critical and entertainment logistics specialist, Nagy will help drive growth, strategic partnerships, and cross-selling initiatives to offer superior customer solutions across GCL’s ...
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Cargo-partner aims to head off Europe-Mexico disruption with new consol service
Logistics firm cargo-partner has expanded its air consolidation service by adding a new route between Germany and Mexico as it looks to combat disruption on the route.The service will operate between Frankfurt and Felipe Ángeles International Airport and was launched as shippers face a "tense market situation" on services between ...
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Sea-air to come to the fore as Red Sea crisis drags on
Kerry Logistics has reported increased interest in its sea-air services, mirroring reports of growing enquiries for alternatives to ocean shipping due to the Red Sea crisis.The Hong Kong-headquartered forwarder said that its sea-air and road-air services across Eurasia have recently garnered increased interest.The company said that its sea-air solution transports ...
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Forwarder Flexport raises $260m through Shopify
Freight forwarder Flexport has raised $260m in funding from e-commerce platform Shopify.The company, which last year had to make job cuts as it looked to reduce costs, raised the money through an uncapped convertible note.Writing on X, Flexport chief executive Ryan Petersen said the investment would further strengthen the firm's ...
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NewsProject specialist deugro scoops BIFA air cargo award
Source: BIFAProject cargo specialist deugro scooped the top spot in the Air Cargo Services category at the BIFA Freight Service Awards.The awards took place yesterday in London and were hosted by UK TV personality Suzi Perry.In total, 11 companies scooped an award, with deugro winning the air cargo category ahead ...
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DHL Forwarding and DSV manage Cathay shipments via CargoWise
CargoWise has teamed up with Cathay Cargo to offer DHL Global Forwarding and DSV real time management of shipments on the airline's Click & Ship booking platform via CargoWise.The companies are now able to plan, book, confirm and manage shipments in Cathay Cargo’s Click & Ship booking platform in real-time ...
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Red Sea-related demand yet to materialise but enquiries rise
The airfreight sector is yet to see any solid rise in demand related to the Red Sea crisis but customers are enquiring about alternatives to sea transport.While there is an expectation that vessel diversions away from the Suez Canal route and around the Cape of Good Hope due to attacks ...
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NewsDimerco and Yusen join Cathay SAF programme
Source: Cathay PacificDimerco Express Group and Yusen Logistics have joined Cathay Pacific's Corporate Sustainable Aviation Fuel (SAF) Programme.The companies have committed to reducing the climate impact from their airfreight activities through scaling up the use of SAF.They will also promote the wider adoption of renewable energy by the aviation industry ...
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NewsGeodis to continue operating own capacity
Geodis' A330-300 freighter is operated by Titan Airways. Photo: GeodisGeodis will continue offering its own-controlled freighter capacity until at least the end of the year.The freight forwarder’s leased Airbus A330-300P2F, operated by London Stansted-headquartered Titan Airways, is currently performing three rotations per week between the UK and China, carrying ...
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NewsNippon Express moves into the top-five airfreight players with cargo-partner deal
Photo Copyright: cargo-partnerNippon Express Holdings has completed its acquisition of several cargo-partner businesses based in central and eastern Europe.The shares of the businesses were acquired by a special purpose company wholly-owned by Nippon Express Europe, which is in turn a subsidiary of Nippon Express Holdings.Terms of the deal were not ...
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NewsTake part: Air cargo industry outlook survey 2024
Air Cargo News is carrying out a survey of logistics and airfreight professionals to understand how they believe the air cargo industry will develop over the coming year.The survey provides also the air cargo industry with an opportunity to tell us how you think the industry is changing.Participating in the ...
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NewsAir cargo eyes a year of uncertainty and opportunity
Geopolitical uncertainty and unpredictability could fuel demand for air cargo as shippers move to benefit from the stability of services.Figures from data provider Xeneta show that air cargo demand increased by 9% year on year in December - although this is partly a reflection of a weak end to 2022 ...
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Red Sea conflict sees air cargo demand rise
Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics.The international transport and logistics company said that the "volatile" situation, which has resulted in higher rates, increased transit times and supply chain delays, will squeeze airfreight capacity."The increased ocean ...
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NewsAir Cargo News' most-read stories 2023
Photo: Khongtham/Shutterstock.The past 12 months have been another tough period for the air cargo market as a sluggish global economy transferred through to weak air cargo volumes.However, airfreight rates and revenues remained above pre-covid levels and e-commerce and other special product categories continued to support the market. There were also ...
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NewsK+N provides IDA Foundation with a Dubai healthcare hub
Source: K+NKuehne+Nagel (K+N) will operate social enterprise IDA Foundation’s healthcare hub for the Middle East and Africa region, located in Dubai.The new IDA Foundation hub is located at the K+N facility at Dubai South and will serve as a centralised kitting and global health logistics centre for the region and ...
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NewsWorld Courier targets pharma demand with new US facilities
Logistics firm World Courier will open three new stations in North America to support growing pharma volumes.The Cencora-owned company will add facilities in Denver, Indianapolis and San Diego to expand its capacity to store, handle and transport pharma products, including those that require cryogenic storage.The facility in Indianapolis will be ...