Freight forwarders – Page 90
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Panalpina sees airfreight growth slow but profits takeoff
Freight forwarder Panalpina saw airfreight volume growth slow in the first quarter of the year, but profitability at the company was up.The Switzerland freight forwarder saw first-quarter airfreight volumes increase by 3% year on year to 241,000 tonnes, behind an estimated market growth of around 5%.The growth rate also lagged ...
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BARIG intensifies cooperation with Zeitfracht
The Board of Airline Representatives in Germany (BARIG) and Zeitfracht Luftfahrt are to "intensify their cooperation" in air cargo and logistics as part of a partnership agreed at this year's World Cargo Symposium in Dallas in March.BARIG, which represents the interests of around 100 national and international airlines, said that ...
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CEVA listing to take place on May 4
CEVA Logistics has announced its listing on the Swiss stock exchange will begin on May 4 and the company looks to raise around Sfr1.2bn.The all-primary share listing, which was announced earlier this month, will have a wide price spread of between Sfr27.50 and Sfr52.50.Initially, the forwarder had been hoping to ...
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Container shipping giant to invest in 25% CEVA stake
Container shipping giant CMA CGM has reached an agreement to purchase a 25% stake in freight forwarder CEVA Logistics.To obtain its share, the world’s third largest box carrier will subscribe to a convertible bond offering of between Sfr380m and Sfr450m.These securities will be convertible into common shares subject to obtaining ...
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Airfreight rates help push Dachser revenues over the €6bn mark in 2017
Germany’s Dachser achieved record revenues in 2017, crossing the €6bn threshold for the first time.The global logistics provider increased its consolidated gross revenue by 7.2% to €6.12bn. Dachser also set other company records by handling a total of 81.7m shipments (+2.1%).“We systematically pursued our successful export strategy for European overland ...
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Two more directors for Kerry Logistics
Kerry Logistics Network has appointed Mathieu Renard Biron as its managing director, global freight forwarding, and Patrick Cheah as executive director, global air.Based in Hong Kong and Bangkok, Biron will be responsible for steering the strategic development of the Group's international freight forwarding division and overseeing its overall management, both ...
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U-Freight cements its West Coast US presence
U-Freight America has opened a wholly-owned logistics hub in the City of Industry in Lost Angeles. The forwarder will offer air and ocean services from the 80,000sq ft facility and it will also contain an e-commerce fulfillment centre (EFC).U-Freight America chief executive, Rick Keller, said: “The establishment of U-Freight's new ...
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FedEx Freight’s Mike Ducker to bow out
Mike Ducker, president and chief executive of Fedex’s forwarding arm, FedEx Freight, is to retire on August 15. Ducker, a 40-year FedEx veteran, took the helm at FedEx Freight in 2014. His successor will be named later.FedEx Corporation chairman and chief executive Fred Smith said: “For more than 43 years, ...
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Kuehne + Nagel is on the move in Yorkshire
Kuehne + Nagel has moved its Leeds branch in the north of England to a new site in nearby Wakefield.The forwarder said that the new location was two miles from the centre of Wakefield and 15 miles south of Leeds, adjacent to J39 of the M1 motorway and close to ...
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Another KOG for Rhenus’s project forwarding machine
German-owned forwarder Rhenus has rebranded recently-acquired KOG Worldwide as Rhenus Project Logistics following completion of integration with the parent company.Rhenus’s project arm now has 24 companies in 20 countries including Europe, Asia North Africa and North America and has recently opened new sites in Chicago, Bremen and Tashkent.Managing director of ...
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WCA achieves 100% validation
WCA’s Time Critical Network has now validated all its members to its internal standard for companies operating within the movement and execution of urgent, time sensitive logistics.The forwarder group said accreditation would allow it to compete at international level.The Group’s global partners can now fully validate trade lanes to ensure ...
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DHL Global Forwarding adds start-up helpdesk
DHL Global Forwarding has launched a helpdesk in Berlin that is aims to meet the specific needs of start-ups.The forwarder said the new helpdesk will assist new and expanding start-up companies in the areas of logistics and supply chain development in and beyond Germany.“Our customer base of start-ups with global ...
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Dimerco Express app opens the 'virtual office'
Taiwanese forwarder Dimerco Express Group has rolled out the latest version of its global supply chain management platform, offering customers "a virtual office".Dimerco is using new Web 3.0 infrastructure to make all data exchanges "seamless and instantly accessible" via mobile networking and applications.A company statement said: "The new system means ...
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CEVA confirms $1.36bn IPO
CEVA Logistics has confirmed plans for an initial public offering (IPO) and to list its shares on the SIX Swiss Exchange in a move that will raise an expected SFr1.3bn ($1.36bn).The announcement by the $7bn revenue third party global logistics player based in Switzerland confirms earlier industry speculation.The objective of ...
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Agility partners for event tracking
Logistics firm Agility and software company UnaBiz have launched a new partnership that they hope will improve tracking for event logistics projects.The partners said that event logistics requires more precise tracking and monitoring than general logistics.Agility Fairs & Events will deploy a range of UnaBiz sensors and trackers with built-in ...
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Forwarders enhance digital sales platforms but there is more work to be done
Major freight forwarders continue to make progress in developing online sales offerings but there is much more work to be done if they are to capitalise fully on the opportunity presented.The latest annual survey by freight rate portal Freightos looked at the online offering of the world’s top 20 freight ...
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Kerry Logistics on the up in 2017
Kerry Logistics saw profits and revenues improve last year on the back of demand growth in Asia.The Hong Kong-headquartered freight forwarder registered a 28% year-on-year increase in revenues in 2017 to HK$30.8bn, while its net profit was up 7% to HK$1.2bn.Its freight forwarding business saw profits for 2017 increase by ...
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Forwarders urge early vote on Heathrow runway
UK freight forwarders are urging parliament to hold a vote on adding a third runway at Heathrow airport at the earliest opportunity.Last week, a Transport Select Committee issued a report backing a new runway at Heathrow, although it also recommended some additional measures be put in place to offset concerns ...
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DHL flies water purification vehicle from Israel to India
DHL Global Forwarding, the air and ocean freight forwarding specialist within Deutsche Post DHL Group, has flown a water purification vehicle from Israel to India.The first-of-its-kind vehicle from Hadera, Israel-based G.A.L. Water Technologies produces high-quality drinking water from contaminated water within seconds and was a gift from Israeli Prime Minister ...
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AGX and Knot Global Japan respond to call to action
Freight forwarders AGX and Knot Global Japan have co-operated on a critical aircraft on ground (AOG) logistics shipment after an aircraft made an unscheduled landing as a result of engine trouble.The aircraft, en route from Kuala Lumpur to Honolulu, made the unplanned stop at Naha Airport on the Japanese island ...