Freight forwarders – Page 82
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Panalpina boss on peak season: “airfreight capacity alone will not save the day”
Panalpina chief executive Stefan Karlen has warned that “airfreight capacity alone will not save the day” in air cargo's looming peak season, adding that “smooth operations on the ground will be equally important”.Karlen said that this year’s airfreight market is “not quite as strong” as in 2017, although rates remain ...
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CMA CGM ups share stake in CEVA Logistics to 33% after rejected DSV bid
Container shipping line CMA CGM has raised its stake in CEVA Logistics from 24.99% to 33% of company shares following the failed takeover approach for CEVA by Danish logistics giant DSV.CMA CGM, the world's third largest container shipping group, has also announced an “additional economic exposure of 4.56%” in CEVA ...
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CEVA appoints shareholder CMA CGM executive to top finance role
CEVA Logistics has appointed shareholder CMA CGM's Serge Corbel as its new chief financial officer (CFO), replacing Peter Waller who will pursue other career opportunities outside of the company.Corbel has been in the logistics industry for more than 30 years and has worked for current employer CMA CGM for more ...
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B&H Worldwide strengthens European aerospace logistics offering
Aerospace logistics provider B&H Worldwide has launched a pan-European road transport network “to enable the provision of a reliable alternative to airfreight across the continent” and has opened new offices in Frankfurt and Prague.The company says the new offices “will also be used to assist customers to navigate and plan ...
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Panama Canal growth pushes cargo from air to sea
Panama’s air cargo industry has lost market share to ocean transport as a result of increases in the use of the Panama Canal port,s and the trend is expected to continue as the transport artery is widened.Speaking at the Air and Sea Cargo Americas event in Miami, Copa Airlines senior ...
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CEVA board rejects unsolicited takeover bid
CEVA Logistics' board of directors has rejected an unsolicited non-binding proposal to acquire the company at the price of CHF27.75 per share in cash, valuing the company at around $1.5bn. The bidder was later revealed to be Denmark's DSV.The board of the Switzerland-headquartered supply chain giant "carefully reviewed" the proposal ...
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DSV confirms it made a rejected bid approach to CEVA Logistics
Denmark-headquartered logistics operator DSV has confirmed that it made a takeover bid approach to CEVA Logistics, an offer that was rejected by the CEVA board.In a statement, DSV said: “In response to CEVA Logistics AG’s announcement this morning, DSV A/S can confirm that it has made a private proposal to ...
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Ground transportation in a spin due to e-commerce and digitisation
Global freight transport is “the definition of volatility”, but the ground logistics sector is “undergoing change that far exceeds the norms of regular market fluctuation”.That is the main finding of a special report produced by DHL Supply Chain, The Logistics Transport Evolution: The Road Ahead.The evolution in the transport sector ...
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Reauthorised FAA legislation has “significant importance” for forwarders
The US Airforwarders Association (AfA) has welcomed the Federal Aviation Administration (FAA) Reauthorization Act, which contains legislation of “significant importance to the forwarding industry”.The Act, passed by Congress, incorporates “specific air cargo provisions that turn prior initiatives and ideas into required mandates” said the AfA.Known as H.R.302, the legislation includes ...
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Yusen Logistics awarded CEIV Pharma certification at Kansai
Yusen Logistics is the first Japanese airfreight forwarder at Kansai International Airport to be certified for IATA's Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma).Yusen Logistics stated: “As a part of its strategy to turn Kansai International Airport into an international cargo hub, Kansai Airports is in ...
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Rates on the up in August but growth narrows
Airfreight rates continued to track ahead of last year’s levels in August, although the difference compared with a year ago has continued to narrow as the year has progressed.The latest figures from analyst Drewry’s Sea and Air Shipper Insight report show that all-in rates on major east-west services averaged at ...
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Rutges and JM Logistics the first to take space at AMS Cargo Center II
Rutges Cargo Europe and sister company J.M. Logistics have become the first tenant of new warehouse development AMS Cargo Center II at Schiphol Logistics Park.The firms have signed a long-term lease agreement which includes 6,000 sq metres of warehouse space with 82 parking spaces for trucks and trailers.AMS Cargo Center ...
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DHL responds to devastating Indonesian earthquake and tsunami
Deutsche Post DHL (DP DHL) has deployed its Disaster Response Team (DRT) to Indonesia in the wake of the devastating earthquake and tsunami on the Indonesian island of Sulawesi.Almost 1,000 villages have been affected by the disaster and the death toll has so far risen to more than 1,400 and ...
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CEVA Logistics clicks with Saraiva for Brazilian e-tailer's e-commerce business
Saraiva, Brazil's largest online retailer, has chosen CEVA Logistics to support the expansion of its distribution network in south-east Brazil.From its multi-user warehouse at Extrema in the Minas Gerais municipality, CEVA Logistics will introduce faster working and delivery practices to Saraiva and its customers in the region.CEVA will manage more ...
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XPO to deploy 5,000 robots in its warehouses
XPO Logistics is to deploy 5,000 “intelligent robots" throughout its logistics sites in North America and Europe.The robots, designed to “collaborate with humans”, will supplement XPO's existing workforce and support future growth, said the company in statement.XPO has a strategic partnership with robotics manufacturer GreyOrange that makes XPO the exclusive ...
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K+N swoops on Indonesian logistics firm as it targets e-commerce
Kuehne+Nagel has acquired the logistics operations of Indonesia's Wira Logistics as it expects the country's e-commerce market to grow rapidly.Gianfranco Sgro, member of the managing board of Kuehne + Nagel International AG, responsible for contract logistics, explained the deal: “Indonesia is arguably the most important internet market in South East ...
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Crane appoints Nazzari as it targets growth in EMEIA
Crane Worldwide Logistics has appointed Marco Nazzari to serve as regional vice president for its Europe, Middle East, India and Africa (EMEIA) region.Nazzari will be responsible for overseeing Crane Worldwide Logistics’ continued growth and the further development its service offering in the region.He will report to president and chief executive ...
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CEVA Logistics implements 100th MATRIX warehouse management system
CEVA Logistics has implemented its 100th customer on Matrix Warehouse Management System (WMS).More than 80% of the new business wins are now on MATRIX WMS and more than 50 implementations are scheduled over the coming months, said a CEVA Logistics spokesperson.The spokesperson added: "CEVA Logistics’ warehouse management system works for ...
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Latest recruits join Davies Turner's trainee programme
UK freight forwarder and logistics company Davies Turner & Co Ltd has recruited 11 youngsters for its trainee programme, now in its ninth successive year.The new recruits will learn all aspects of Davies Turner’s business during the two-year apprenticeship and will hopefully progress into management and supervisory roles.During the company’s ...
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K+N opens Baku and Almaty offices
Kuehne + Nagel has opened offices in Baku (Azerbaijan) and in Almaty (Kazakhstan), along with new legal entities, to better serve the "promising markets".The forwarder said the two countries are showing annual GDP growth rates of around 4% as well as rising demand in logistics services primarily in oil & ...