Freight forwarders – Page 89
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News
Fitt for the top job at Yusen Logistics UK
Andy Fitt has been appointed as the new managing director of Yusen Logistics UK (YL UK).After serving over three years with the business, Fitt succeeds Kevin Appleton, who is now the chairman of the UK arm of the Japan-based global logistics operator.A company spokesperson said: "During this time, Andy has ...
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DP DHL group Q1 revenue dips but freight forwarding turnaround continues
Deutsche Post DHL (DP-DHL) Group saw a slight dip in first quarter 2018 revenues to €14.7bn from €14.9 bn in prior year, mainly attributable to negative currency effects and the sale of UK supply chain subsidiary Williams Lea Tag.On an organic basis – after adjusting for currency and portfolio effects ...
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CEVA launches IPO on Swiss stock exchange
The initial public offering (IPO) of CEVA Logistics (CEVA) was launched today with the traditional ringing of a cow bell to open the day's trading.CEVA chief executive Xavier Urbain was joined by executives from SIX and other members of the CEVA team to celebrate the company's arrival on the SIX.Werner ...
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Flexport secures more funding through investment from SF Express
Chinese express giant SF Express has invested $100m in Flexport as the company looks to continue its rapid expansion.Flexport said it would use the investment to expand operations in China and around the world. The company recently revealed to Air Cargo News it has set the target of increasing revenues ...
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DHL expands airfreight operation in response to Asian demand
DHL Global Forwarding is expanding its round-the-world freighter operation to meet demand growth on Asian and transpacific trades.The forwarding giant said that it would a deploy a second dedicated Boeing 747-400F — ACMI-leased through Atlas Air — to connect the US, Europe and Asia, following on from the launch of ...
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WCA expands presence in China and e-commerce
Freight forwarder network WCA has expanded its presence in China in response to growth of members in the country while it has also appointed a new member of its e-commerce team.WCA has opened a new member support office in Shenzhen, China, as well as hiring former DHL eCommerce international trade ...
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CH Robinson sees airfreight revenues increase by over 20% in Q1
US forwarder CH Robinson saw airfreight revenues increase by more than 20% in the first quarter of the year as market growth and acquisitions helped boost performance.The company said its freight forwarding division saw total revenues for the quarter increase by 18.1% to $553m on the back of double-digit volume ...
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UK's logistics sector told to do more to avoid staff shortfall
Logistics firms are targeting students as young as 14 in an attempt to create more interest in the profession, as fears intensify of a gaping staff shortfall in the future.Speaking at the Multimodal exhibition, Ian Nichol, head of logistics at Career Ready, said that the industry is expected to need ...
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NewsDSV sees airfreight volumes continue to grow
DSV continued to report strong growth in airfreight volumes during the first quarter of the year, while revenues also improved.The Danish forwarder saw first-quarter airfreight volumes increase by 10.9% year on year to 163,000 tonnes. Last year the company saw airfreight volumes improve by 10.6% year on year, helped by ...
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BIFA urges members to submit evidence to Brexit inquiry
The British International Freight Association (BIFA) is urging members to submit written evidence for the UK Parliamentary Transport Committee inquiry into the potential effects of leaving the European Union (Brexit) on freight operations.Robert Keen, BIFA director general, said: “As a body that represents the companies that are responsible for the ...
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News
Crane Worldwide turns to world's largest aircraft after ocean space shortage
Freight forwarder Crane Worldwide turned to the world's largest aircraft to transport a shipment of chemical drums after an ocean freight space shortage.The forwarder said that it utilised the Antonov An-225 Mriya aircraft to transport 223 pallets of chemical drums from multiple vendors in Singapore and Malaysia to Dammam from ...
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K+N expands digital offering with mobile app and new control centre
Kuehne + Nagel has launched three new digital solutions including a mobile app, a control centre and a WeChat extension for its FreightNet booking portal.The forwarder's Kuehne+Nagel App, available for iOS and Android, allows customers to track shipments on mobile devices.Shipment statuses are directly displayed, with details available at customers’ ...
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Mack to leave DB Schenker for DP DHL
DB Schenker airfreight boss Thomas Mack is joining Deutsche Post DHL, in a story broken by German trade paper DVZ.Mack will lead DP DHL's air cargo business from July 1.A spokesperson for DP DHL said: "We can confirm that Thomas Mack will be joining DHL Global Forwarding and take on ...
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Geodis expands in Uganda to cater for industrial project growth
Geodis has opened a new office in Kampala, Uganda, to cater for the surge in industrial projects currently taking place in the east Africa region.The Uganda-based office will extend Geodis - Industrial Projects’ footprint in Africa for both current and new global clients.The new presence also provides a mechanism through ...
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DB Schenker starts work on new Dubai airport hub
DB Schenker has started work on its second logistics center in Dubai, located next to Dubai World Central airport.The 35,000 sq m temperature-controlled warehouse, with a 3,500 sq m mezzanine area for value-added services, is the largest investment in the history of DB Schenker Middle East & Africa.The facility, which ...
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Air cargo set for index-linked BSAs and derivatives
The air cargo industry could have its first index-linked block space agreements (BSA) completed within six months while a derivatives market is also being launched.Shipping derivatives broker Freight Investor Services (FIS) and rate index TAC Index have teamed up to develop and launch a paper derivatives product, known as forward ...
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DP DHL's Appel: Walls are not the solution
Deutsche Post DHL chief executive Frank Appel is confident that trade will continue to grow despite recent protectionist rhetoric.Speaking at the company’s annual general meeting, Appel was optimistic about the economic environment, saying that global trade would continue to grow despite uncertainties.“The future is global. Anything else is a misconception,” ...
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UK forwarders welcome approval of apprentice scheme
The British International Freight Association (BIFA) has welcomed the Institute for Apprenticeships' (IfA) final approval of the new International Freight Forwarding Specialist apprenticeship scheme.Over the past 18 months, BIFA has been supporting a group of employers from the freight and logistics sector to develop a standard for a specific freight ...
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K+N reports rapid airfreight growth boosted by acquisitions
Kuhne+Nagel (K+N) continued to report strong growth in its airfreight volumes during the first quarter of the year thanks in part to recent acquisitions.The world’s number two airfreight forwarder saw first-quarter volumes increase by 21% year on year to 422,000 tons as a result of market growth and the integration ...
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Former Amazon supply chain executive Wagers joins XPO Logistics
XPO Logistics has appointed ex-Amazon logistics executive Kenneth Wagers as chief operating officer, with responsibility for the company's operations in 32 countries.Wagers was most recently with Amazon, where he had executive oversight of Amazon's Worldwide Transportation and Logistics business (last mile, middle mile, and air and ocean cargo), as well ...