Freight forwarders – Page 56
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News
Q7 Air Cargo invests in perishables specialist Airflo
Dubai-based logistics firm Q7 Air Cargo is to acquire an interest in the Dutch holding company of perishable forwarder Airflo from the Dutch Flower Group.Q7 Air Cargo and its sister company, Tiger Freight, are long term operators in the African perishable logistics industry and their participation in the Airflo businesses ...
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NewsDAMCO's Beirut team back online after offices damaged in Beirut blast
DAMCO’s Beirut-based team has restarted operations following this month’s devastating blast at the Port of Beirut, which badly damaged its offices.The forwarder said that it was able to get back up and running within 24 hours of the disaster by relocating all office functions to its warehouse facility in Dekwaneh, ...
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NewsDachser US expands airfreight capacity with Chicago-Frankfurt route
Dachser's US division has launched a weekly airfreight service between the North America and Europe, in response to growing demand.The service, which commenced on July 26, operates on rotation between Chicago, US, and Frankfurt, Germany.Dachser's road transport network provides links to other destinations in Germany, as well as Austria, Belgium, ...
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NewsForwarder Davies Turner notes move from airfreight to rail
Railhead in ChinaFreight forwarder Davies Turner has seen an increase in the number of customers using rail as an alternative to air on China-Europe shipments.The UK-headquartered company said that rising airfreight rates caused by a Covid-19-related capacity crunch has pushed shippers to look to alternative modes of transport.As a result, ...
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Mixed performance for Agility in H1
Agility saw its profits dive in the first half, although its airfreight business performed well.The company saw its revenues for the first half decrease by 1.3% year on year KD765.1m, earnings before interest, tax and depreciation (ebitda) was down 20.1% to KD75.8m and net profits slipped by 61.3% to KD16.2m.The ...
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NewsDHL the latest to report rapid airfreight revenue growth
Deutsche Post (DP) DHL is the latest company to report soaring airfreight revenues as a result of the capacity crunch experienced in the second quarter of the year.The German express and parcels giant saw second-quarter revenues from its airfreight forwarding business increase by 57% year on year to €1.8bn, gross ...
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Expeditors outlines 'intense' and 'unsettled' Q2 for air cargo
Seattle-headquartered freight forwarder Expeditors has described the second quarter as "intense" and "unsettled" as a result of the supply-demand imbalance in air cargo.Summing up the second three months of the year, president and chief executive Jeffrey Musser said that the Covid-19 outbreak has had a significant and widespread impact on ...
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NewsCrane Worldwide appoints new CIO as it celebrates 12 years
Brannon KuykendallCrane Worldwide has appointed Brannon Kuykendall as its chief information officer, while it is also about to celebrate 12 years of operations.The forwarder said that Kuykendall has successfully led technology teams ranging from start-ups to Fortune 500 enterprises and has a diverse experience in software development, cyber security, compliance, ...
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NewsVolga-Dnepr partners with K+N to transport power turbine
Volga-Dnepr Airlines has teamed up with Kuehne+Nagel (K+N) to move a power turbine from the UK to Russia.The cargo, which weighed 4.5 tonnes, was loaded into Volga-Dnepr’s An-124 aircraft (IL-76TD-90VD) aircraft using its onboard crane system before being flown to the Midlands, UK.Oleg Makushkin, head of procurement and airline relations, ...
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NewsAirfreight propels 'better than expected' Q2 results for DSV Panalpina
DSV Panalpina saw its airfreight revenues rapidly increase during the second quarter of the year as a result of the coronavirus outbreak and the ongoing integration of Panalpina.The forwarder saw airfreight revenues for the second-quarter increase by 164.2% year on year to DKK12bn, gross profit for its air business was ...
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News
Airfreight the star for CH Robinson in volatile Q2
Third-party logistics provider CH Robinson saw second quarter 2020 revenues fall 7.2% to $3.6bn in a “volatile environment” and lower pricing in trucking while airfreight revenues surged due to reduced capacity and larger shipment sizes.Net group revenues decreased 11.6% to $614.5m as income from operations dropped 17.0% to $188.8m.Second quarter ...
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NewsSame-day network expanded to the US for time:matters
Time-critical logistics firm time:matters has expanded its same-day network to the US.The Lufthansa-group company said that it is now offering a total of 89 stations for the domestic transport of time-critical shipments to major economic centers in the US.The company is able to offer the service on 45,000 flights per ...
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NewsDHL adds new life sciences facility in the US
DHL Global Forwarding has opened a new $1.6m facility in Indianapolis in the US as it continues to target the life sciences market.The building offers bonded services and three temperature controlled chambers: 15-25 degrees Celsius storage and handling, 2-8 degrees Celsius storage and handling and -20 degrees Celsius storage and ...
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NewsPilot Freight Service appoints non-executive chair
Logistics provider Pilot Freight Services (Pilot) has appointed Jerome Lorrain as non-executive chair, as well as a member of the company board.Lorrain, who replaces former non-executive chair Don DeFosset, has more than 20 years' of experience in supply chains, logistics and transportation.DeFosset will remain a member of the board of ...
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News
BIFA welcomes latest round of customs declaration funding
Customs intermediaries based in the UK can apply for £50m of new funding to help expand declaration capacity ahead of the ending of the Brexit transition period.At the end of the year, the UK's transition period for leaving the European Union will come to end, meaning customs formalities and controls ...
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NewsDHL expands FTZ presence with new Texas site
DHL Global Forwarding has expanded its foreign trade zone (FTZ) presence in the US with a new site at the El Paso, Texas, airport.FTZs are secure areas under US customs and border protection supervision that are generally considered outside of the US for customs purposes. FTZs are used for loading, ...
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NewsUnited Cargo ships food aid flight to Guam
United Cargo has helped move 190,000 pounds of fresh produce to Guam for the US Department of Agriculture's Coronavirus Farm Assistance Program.The airline worked with food-logistics specialist Commodity Forwarders Inc. (CFI) to transport the produce from Los Angeles (LAX) to Guam (GUM) on United's new cargo-only flight – a route ...
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News
Airfreight rates predicted to rise over the coming months as capacity tightens
Airfreight rates from China and Hong Kong are set to rise again over the coming months as new product launches and a lack of capacity put load factors under pressure, according to freight forwarder Flexport.Last week rates out of Asia appeared to stabilise — and even crept up a little ...
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NewsForwarders combat capacity crunch with expanded charter operations
Forwarders are strengthening their chartered freighter operations as bellyhold capacity continues to fall short of demand and the recovery timeframe for the passenger sector remains unclear.DSV expanded its airfreight charter network through its Panalpina operations and partnerships with air cargo carriers to offer cargo capacity and "reliable transit times" on ...
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K+N grabs market share from smaller forwarders
Kuehne+Nagel (K+N) has been grabbing market share from some of its smaller rivals as a result of the Covid-19 outbreak.Speaking following the announcement of its second-quarter results, K+N chief executive Detlef Trefzger said that its ability to maintain operations and connect with customers through technology had helped it to win ...