Freight forwarders – Page 81
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News
Heathrow's cargo community is cutting truck delays
Heathrow's cargo community is winning the battle against peak-time truck delays as the AIS (Advance Information System) gains traction among forwarders, cargo terminal operators and airlines at the UK airport.And with reports of "significant reductions" in dwell time for trucks and £200 savings in driver costs, there is a now ...
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DHL sees airfreight volumes decline despite revenue improvement
The world’s largest airfreight forwarder DHL Global Forwarding continued to see airfreight volumes tumble during the third quarter of the year, but still managed to record improvements in revenues and gross profits.The Bonn-headquartered forwarder saw total airfreight volumes decline by 5.2% year on year during the third quarter to 529,000 ...
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Expeditors warns of airfreight rate volatility as profits hit new highs
US freight forwarder Expeditors has warned of increasing volatility in airfreight rates as it reports record profits for the third quarter of the year.The company saw third-quarter revenues increase by 16% year on year to $2.1bn, while earnings before interest and tax were up 9.4% on a year earlier to ...
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New managing director for Geodis Freight Forwarding Germany
Freight forwarder GEODIS has appointed Antje Lochmann as the new managing director of its German business.She took up the role on November 1 and is based in Hamburg. Lochmann joined GEODIS in 2011 and has held several positions, where she was responsible for sales, marketing, key accounts, tender management, and ...
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XPO Logistics achieves ‘robust’ growth in Q3
US-based XPO Logistics saw its third-quarter revenue increase by 11.5% over the same three months of last year, to $4.3bn.Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose from $369.6m in the third quarter of 2017 to $414.9m for the same period of this year.The Connecticut-headquartered company’s logistics segment ...
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BIFA voices concern over potential hard-Brexit budget upgrade
The British International Freight Association (BIFA) has voiced mixed views on the UK budget, saying that while its freight forwarder members will welcome some announcements, the ongoing uncertainty over Brexit continues to overshadow the issues covered.Chancellor Phillip Hammond's budget promised investment in roads and a freeze on fuel duty – ...
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DSV airfreight grows above market rate in third quarter
The DSV Air & Sea division reported a 10% increase in airfreight volumes for the first nine months of 2018, with seafreight recording 4% growth.The Denmark-based logistics operator says the airfreight increase was mainly driven by a strong performance on EMEA and American exports and compared well with an estimated ...
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DB Schenker expands training options
DB Schenker and the Fraunhofer Institute have developed an innovative employee training program on packaging and order-picking processes as part of a long-term partnership.The training program is built around six exercises that teach the participants about the processes by encouraging playful learning. The employee training course is currently available in ...
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DHL sets up strategic partnership for supply chain operations in China
Deutsche Post DHL Group will transfer its supply chain operations in China to S.F. Holding in a ten-year strategic partnership to grow this business in China.As part of this deal, Deutsche Post DHL Group (DP DHL) will receive an upfront payment of RMB5.5bn (approximately €700m) and a revenue-based partnership fee ...
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News
Panalpina increases profitability in a ‘very volatile environment’
Panalpina’s airfreight volumes increased 4% in the first nine months of 2018, in line with estimated market growth of 4%. Compared to the same period of last year, gross profit per ton increased 12% to CHF705, resulting in a gross profit of CHF530m compared with CHF456m.EBIT in airfreight increased from ...
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CEVA stakeholder CMA CGM to provide "exit option" to other shareholders
CEVA Logistics is to broaden the partnership with CMA CGM, its major shareholder and strategic partner.As part of this initiative, CEVA Logistics will acquire the freight management business of CMA CGM.The Board of CEVA Logistics has also agreed that CMA CGM can offer to buy shares in CEVA Logistics from ...
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New forwarder network launched
New Generation Logistics Network (NGLN) has been launched to help small to medium-sized forwarder members compete with the large global logistics companies.“The world of supply chains has undoubtedly become increasingly complex, compounded by the rise of e-commerce, new technologies, regulatory and customer demands, along with unparalleled risk,” said Mark Boggis, ...
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News
K+N achieves new food safety standard for Heathrow perishables centre
Kuehne+Nagel (K+N) has achieved the revised food safety management standard [ISO 22000:2018] at its Heathrow Perishables Handling Centre (PHC).At 28,500 sq ft, the PHC is Heathrow’s largest on-airport chilled facility with 10 dock level doors and three ULD doors.Richard Werran, group director, food EMEA, with business standards company BSI, said: ...
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DSV pulls out of CEVA bid process after revised offer is rejected
DSV will not seek to acquire CEVA Logistics after the Danish supply chain giant's "revised private proposal" was rejected.The second offer of CHF30 a share by DSV would have provided CEVA shareholders with a premium of 60.4% to CEVA’s share price of CHF 18.70 as of 1 October 2018.DSV's first ...
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Seko Logistics wins beauty contest
Feelunique, Europe’s leading online beauty retailer, is opening a distribution hub in Hong Kong this month in partnership with SEKO Logistics to serve its rapidly growing customer base in mainland China.Sales have grown exponentially since the retailer launched its dedicated Chinese website three years ago and China now accounts for ...
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Yusen wins Jurox animal healthcare contract
Animal healthcare specialist Jurox has awarded Yusen Logistics UK a contract for warehousing and final mile distribution in the UK and Ireland as part of a strategic move to appoint one global partner.Yusen Logistics already handles Jurox’s international cross border airfreight, together with its complete outbound and inbound flows from ...
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DHL fashions the global logistics for Sweden's Lindex
DHL Global Forwarding has assumed all the freight operations for Lindex, the Swedish fashion chain with 490 stores across 18 Markets plus e-commerce in 30 countries.The forwarding arm of logistics giant DHL manages freight consolidation and distribution to Lindex. Cargo must be shipped from 240 factories managed by 140 suppliers ...
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FedEx buys Australian forwarder Manton Air-Sea
FedEx has acquired Sydney-based forwarder Manton Air Sea to operate as a subsidiary of the FedEx Trade Networks operating company.Richard Smith, president and chief executive, FedEx Trade Networks, said: “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to ...
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DHL races ahead
DHL Global Forwarding is using a combination of air, sea and road to move racing cars and associated cargo to back-to back racing events in Japan.To support the races, the logistics giant will manage all transportation, customs clearance and ground handling for 36 racecars, spares, and ancillary equipment – including ...
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K+N airfreight tonnages up 16% in first nine months of 2018
Logistics giant Kuehne+Nagel (K+N) saw airfreight tonnage increase by 16% to 1.3m tonnes in the first nine months of 2018, well above market growth, with major contributions from industry-specific end-to-end solutions.Detlef Trefzger, chief executive of K+N International, said: “Kuehne+Nagel has continued its dynamic performance from the first half of the ...