Freight forwarders – Page 76
-
News
B&H Worldwide launches FirstTrac
Logistics firm B&H Worldwide has launched FirstTrac, the fully web-based successor to its customer service system, OnTrack.FirstTrac comes with new AOG and critical monitors for customers and will also be used by its global control tower teams to provide "enhanced visibility of shipments".Designed by B&H's in-house IT development division, InTech, ...
-
NewsE-commerce boom and trade growth fuel DP DHL Group revenues in 2018
The boom in e-commerce and sustained growth in international trade flows saw Deutsche Post DHL Group’s (DPDHL) 2018 group revenue rise 1.8% to €61.6bn in a “challenging year” or a 6% rise after adjusting for currency effects and portfolio changes.The German logistics giant said that all four divisions – post, ...
-
News
Shipco the latest to launch airfreight booking tool
Shipco Airfreight is the latest company to launch a rate quoting and booking portal as the sector continues to develop its digital offering.The air cargo consolidator said that its Air2Z platform allows customers to look up a rate from any US zip code, on any any airline, to any destination ...
-
News
CH Robinson goes into Space with €42m Spanish forwarder acquisition
US freight forwarder CH Robinson acquired Spanish forwarder Space Cargo Group for €42m ($48m) in cash as part of a strategy to expand its global footprint.Space Cargo, headquartered in Madrid, provides international freight forwarding, customs brokerage, and other logistics services in Spain and Colombia.For the fiscal year ending December, 2018, ...
-
News
Panalpina EGM to take place on April 5
Takeover target Panalpina’s board of directors is to hold an extraordinary general meeting (EGM) on April 5, which will also support the motion of the shareholder Ernst Göhner Foundation (EGF) to implement the One Share – One Vote standard "to further enhance the company’s corporate governance".This would lift the 5% ...
-
NewsEmerging markets enthusiasm tempered by ‘crisis’ concern
Logistics industry executives worry about trade tensions, geopolitical threats Logistics industry executives see emerging markets growing at 5% in 2019, but a high number are bracing for a crisis amid US-China trade friction, interest rate and currency volatility, and Brexit uncertainty.The annual survey of more than 500 supply chain industry ...
-
News
Pohl heads Dachser Malaysia
German logistics company Dachser has appointed Daniel Pohl as managing director of Dachser Malaysia.Pohl, who comes from a German-Indonesian family and lived in China for 23 years, brings international expertise to the Dachser country organisation.He reports to Christophe Vincent, managing director air and sea logistics Thailand, Singapore, Vietnam and Malaysia ...
-
NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
-
News
Panalpina shareholder battle continues with voting right dispute
Panalpina’s second largest investor has hit out at plans to change shareholder voting rules as the battle to control the future of the forwarder continues.Earlier this week majority holder, Ernst Göhner Foundation (EGF), which holds around 46% of the company, submitted a request a request that the company change to ...
-
News
Losses deepen at CEVA as one-time items hit profitability
CEVA Logistics reported another loss in 2018 as “various one-time items” took their toll on company financial performance.The forwarder, which last year had box line CMA CGM become a strategic partner following an IPO, saw revenues for the year increase by 5.2% year on year to $7.4bn, earnings before interest, ...
-
NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...
-
News
Panalpina considers voting rule change following shareholder complaint
Panalpina is considering changing its shareholder voting rules following a request from its majority investor.Majority shareholder Ernst Göhner Foundation (EGF), which holds around 46% of the company, has submitted a request that the company change to a One Share–One Vote standard at an extraordinary shareholders' meeting to be held prior ...
-
NewsExpansion in Miami for B&H and Tigers
Logistics firms B&H Worldwide and Tigers USA have both moved to larger facilities in Miami to meet demand growth.Aerospace logistics provider B&H Worldwide said that increased, ongoing customer demand and expectations of business growth in the US had led it to move to a new location that offers three times ...
-
News
Kerry Logistics to offer 'smart sensor' providing 'total supply chain visibility'
Kerry Logistics will offer customers the option of using a 'smart sensor' within their supply chain, which enables total supply chain visibility and improved security.The logistics firm said the smart sensor monitors cargo across ocean, air, and ground transportation around-the-clock and is accepted in over 190 countries. Both consignees and ...
-
News
Flexport secures $1bn investment for infrastructure and technology
Freight forwarder Flexport has secured $1bn in funding, which will be used to invest in technology and infrastructure.The investment round was led by the SoftBank Vision Fund, with participation from existing investors Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Express, which has previously invested $100m in the ...
-
News
Baxter Freight achieves AEO Status
Nottingham, UK-headquartered forwarder Baxter Freight has been granted Authorised Economic Operator (AEO) status by HM Revenue & Customs (HMRC).The cargo agent’s international freight and customs manager Brendan Pickering explained the background to the award.“The entire Baxter Freight team has been working hard on achieving AEO status for the past 12 ...
-
News
BIFA launches Young Forwarders Network
The British International Freight Association (BIFA), the trade association representing a large number of UK freight forwarding and logistics companies, is soon to launch a new networking group called the BIFA Young Forwarders Network (YFN).The YFN, which will be launched on 6 March at the imminent National Apprenticeship Week (NAW ...
-
News
Expeditors reports on steady fourth-quarter performance
Seattle, Washington state-headquartered forwarder Expeditors International has released fourth-quarter 2018 results that included an 18% year on year improvement in revenues and 9% improvement in operating income.Airfreight volumes handled were up by 2% on those of the same quarter of 217.President and chief executive Jeffrey Musser observed: “The fourth quarter ...
-
NewsPanalpina introduces new digital portal
Panalpina has developed a new digital portal offering a wide range of instant and real-time services that it describes as “state-of-the-art”.Currently available to select customers by invitation only, it will be launched globally this summer.Customers will be able to manage their entire supply chain end-to-end with all their partners through ...
-
News
BIFA calls for response to UK Government’s Brexit consultation
The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has urged its members to respond to the UK Government’s aviation policy consultation process.As the UK prepares its long-term aviation policy running through 2050, the government has sought industry input into developing its strategy.The ...