Freight forwarders – Page 20
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NewsNew CEO for EV Cargo Global Forwarding and Technology divisions
Source: EV Cargo. Copyright: Jon Thorne Wedding PhotographyPaul Coutts has been appointed as chief executive of Hong Kong-headquartered EV Cargo Global Forwarding & Technology.In his new role, which starts on January 1, Coutts has been given the task of driving the growth, development and integration of the firm's forwarding and ...
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NewsKuehne+Nagel opens new Dallas/Fort Worth facility to support MRO firm
Source: Kuehne+NagelKuehne+Nagel (K+N) has opened a new facility near Dallas/Fort Worth International Airport to support MRO firm MHI Aviation Group.The new location will support MHI's aerospace parts offering for both international and domestic shipments.A facility in Des Plaines Illinois was previously utilised for the operation. By moving closer to Dallas ...
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Panama and Suez Canal double crisis threatens global supply chains
Persisting Suez Canal and Panama Canal-related supply chain delays and increased rates may see shippers and forwarders opting for air cargo.Shipping operations are currently being compromised by the need to avoid the Suez Canal due to the risk of attacks in the Red Sea, and restrictions on the Panama Canal ...
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NewsDB Schenker sale process underway as firm is officially on the market
Deutsche Bahn has confirmed that subsidiary DB Schenker is officially up for sale a year after it began examining the possibility of selling its freight forwarding and logistics business.The state-owned German railways giant said in a statement this morning that it has launched the sales process for the world's fourth-largest ...
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Abu Dhabi wealth fund eyes DB Schenker?
It is just over a year ago that Deutsche Bahn announced it would examine how best to offload freight forwarding and logistics business DB Schenker.Since the state-owned German railways giant made that statement, there has been no further announcements on the progress of the sale directly from Deutsche Bahn itself.Instead, ...
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Shippers and forwarders expected to target longer term deals in 2024
Shippers and forwarders are returning to longer term and fixed-capacity agreements as the air cargo market continues to normalise.In a recent market update, Flexport vice president and global head of airfreight Zeid Houssami said that part of this switch to longer fixed-capacity contracts was partly driven by the rise of ...
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NewsAIT Worldwide Logistics acquires pharma forwarder
Ultra-low temperature freezer farm units at Mach II's Netherlands facility. Photo: Business WireUS-headquartered global freight forwarder AIT Worldwide Logistics has acquired Mach II Shipping Ltd, a UK-based freight forwarder specialising in worldwide distribution of pharmaceuticals and related products.The deal includes a subsidiary in the Netherlands in addition to a global ...
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Hellmann expands into Ireland with new business
Hellmann Worldwide Logistics has expanded into the Republic of Ireland with the opening of its first branch.The forwarder's new business is close to Dublin Airport and will provide airfreight, seafreight, overland and customs clearance services.The new company will target the time-critical pharma and healthcare industries, as well as the electronics ...
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InsightsLatin America: Yields under pressure as capacity outstrips demand
The recovery of passenger flights has resulted in an influx of cargo capacity for many countries in Latin America while export demand from the region remains strong.For much of this year, IATA’s monthly cargo statistics have shown Latin America as the region with the strongest growth in cargo traffic.Business did ...
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InsightsEmerging trends in air cargo
Neil Bulfield. Source: DG InternationalIn this column for Air Cargo News, Neil Bulfield, head of airfreight at DG International, reflects on the current state and projected future of the airfreight industry, revealing several critical trends and challenges for 2024.The evolution of e-commerceWhile e-commerce is still a relatively new phenomenon, it’s ...
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US FAA orders urgent inspection of 747 lightning protection
The US Federal Aviation Administration (FAA) has ordered all US Boeing 747 operators to carry out urgent inspections of lightning protection systems on the aircraft.The US FAA yesterday issued an airworthiness directive ordering all 747 operators to carry out the inspections due to early degradation of the lightning protection safety ...
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Insurance integration for Breeze and Barrington Freight
Barrington Freight has signed up with Breeze's integrated digital insurance platform.Use of the platform removes the need to source insurance separately, which Breeze claims reduces costs by avoiding high premiums charged by third-party insurance providers."Utilising Breeze’s AI-driven platform to optimise quote generation, policy binding, and claims processing, Barrington has significantly ...
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NewsK+N ships cargo on 100% SAF powered transatlantic flight
© 2023 Kuehne+Nagel. All rights reserved.A Kuehne+Nagel (K+N) shipment was onboard the first ever commercial transatlantic flight 100% powered by sustainable aviation fuel (SAF) earlier this week.The flight hit the headlines on November 29 when a Virgin Atlantic Boeing 787 Dreamliner was filled with 50 tonnes of SAF for its ...
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NewsAsia holds demand and capacity cards
DHL Global Forwarding (DHL GF) paints a broadly stable picture for air cargo demand in its November 'Air Freight State of the Industry' report."Air cargo demand remain(s) steady, with a slight increase month on month (MoM), and remains flat year on year (YoY)," surmised the report.While overall demand was stable, ...
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NewsK+N buys Canadian customs broker
© 2023 Kuehne+Nagel. All rights reserved.Kuehne+Nagel (K+N) has purchased Canadian customs broker Farrow as it responds to "increasingly complex international trade regulations".Farrow employs 830 people at 41 locations across Canada and the US and in 2022 the firm managed more than 1.5m customs entries.Explaining the logic behind buying the firm, ...
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Rates continue to rise in November despite muted demand
Airfreight rates on major east-west trade lanes continued to pick up in November as weather conditions, e-commerce demand and capacity constraints helped push up prices (see dashboard at end of article).The latest figures from the Baltic Exchange Airfreight Index (BAI) – taking into account both spot and contract rates – ...
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NewsAir cargo's rollercoaster ride set to end in 2024?
The air cargo rollercoaster ride of the last few years is looking like it could end in 2024 with "classic seasonality" set to return, although there could still be some bumps along the way.In its market outlook for 2024, data provider Xeneta predicts that air cargo volumes will rise by ...
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Mother nature helps push up airfreight rates
Airfreight rates continued to rise last week as weather conditions, volcanic activity and wars put capacity under pressure.The latest figures from TAC Index show that the overall Baltic Air Freight Index was up 4.6% in the week to November 20 compared with the previous seven days.The increases were led by ...
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NewsForwarder LX Pantos the first to sign up for Korean Air's SAF programme
(L) Jaedong Eum, Korean Air, and Keun Taek Oh, LX Pantos. Source: Korean AirKorean Air has partnered with forwarder LX Pantos to expand the use of sustainable aviation fuel (SAF) on cargo flights.The two companies signed a memorandum of understanding (MOU) at the Korean Air headquarters on November 20 that ...
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US forwarders brace for kickback on larger shipment screening rules
US freight forwarders are bracing for shipper kickback on recently implemented security requirements for larger shipments.At the end of October, shippers wishing to fly cargo that cannot be screened due to size or volume restrictions – such as aircraft engines, oil drums, or oil field drilling equipment - were required ...