Freight forwarders – Page 97
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Flexport in line for $110 million funding
Online freight forwarder Flexport is reported to be closed to securing $110 million worth of funding reports Forbes, which says that the San Francisco based company is on its list of billion-dollar start-up companies.The latest Series C funding will bring total capital invested to $204 million, it adds.Flexport founder and ...
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Alibaba takes control of China delivery firm
Asian online retailer Alibaba has taken a controlling stake in China’s Cainiao Smart Logistics. It has increased its investment by 5.3 billion yuan ( $807 million), raising its stake in the company from 47 to 51% and giving it four out of seven seats on the logistics company’s board.While Cainiao ...
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Bolloré and Bahri sign Saudi joint venture deal
French forwarding and logistics group Bolloré officially inaugurated Bahri Bolloré Logistics, its joint venture with Saudi Arabian logistics specialist Bahri in Riyadh on 26 September.Bahri owns a 60% stake in the joint venture, while Bolloré owns the remaining 40% in the new company, which will provide end-to-end logistics and supply ...
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Can cargo airlines bypass freight forwarders?
Speaking on condition of anonymity, the head of cargo at one carrier revealed to Air Cargo News that his company is taking steps to prepare for direct engagement with shippers.He pointed to a convergence of factors – chiefly a need for shippers to curtail costs and the evolution of tools ...
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More time to enter UK freight awards
The British International Freight Association has extended the deadline for entry to its annual Freight Service Awards to 2 October.The nine categories include an Air Cargo Services Award, along with others for cool logistics, project forwarding, specialist services and staff development.Director general Robert Keen, said: "We brought the deadline forward ...
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BEST Inc the latest Chinese logistics firm to raise funds through listing
BEST Inc has become the latest Chinese express and logistics firm to raise funds through an IPO.The Alibaba-backed company raised $450m through a listing on the New York Stock Exchange in what is the largest IPO of a Chinese firm in the US since ZTO Express raised $1.4bn in October ...
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Forwarder Leman continues UK expansion with Maru deal
Denmark-based freight forwarder Leman has continued to expand its presence in the UK with the acquisition of Maru International for an undisclosed sum.Maru provides air and sea logistics solutions and also has a strong presence in the European road transport market from its offices in Dewsbury, Braintree and just outside ...
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Panalpina's new airfreight booking platform offers instant rate quotations
Logistics giant Panalpina has successfully piloted its new, fully automated online quotation and booking platform for ad hoc cargo with selected airfreight customers.Panalpina chief executive Stefan Karlen said: “We have recently reached a significant milestone in modernising the company’s systems landscape by successfully rolling out our new state-of-the-art operational platform ...
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Freight group BIFA updates trading conditions
UK freight forwarder association BIFA has announced that it will launch updated Standard Trading Conditions (STC) for the first time since 2005.The new STC will be launched on October 1 and follows an extensive review of the existing conditions by the BIFA Legal and Insurance Policy Group, taking advice from ...
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Pharma.Aero adds trio to membership
Pharma.Aero has seen three more companies join the worldwide platform which aims to foster strong collaboration among its membership of airport communities, pharma shippers, and other pharma logistics stakeholders.Logistics company Expeditors and specialist cool-chain ULD provider Envirotainer have joined the organisation, along with Pharma.Aero's seventh airport member, Montevideo Free Airport, ...
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K+N develops lithium battery supply chain solution
Freight forwarder Kuehne+Nagel (K+N) has launched a new supply chain solutions specifically aimed at the transport of large format lithium batteries like the ones used in electric vehicles.The Switzerland-headquartered company explained that the transport of lithium batteries is a complex task given that they are classed as dangerous goods and ...
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Atlas Air confirms DHL Global Forwarding freighter lease
Aircraft lessor Atlas Air Worldwide has wet-leased a Boeing B747-400F to DHL Global Forwarding for use in a new round-the-world service, as reported by Air Cargo News.The aircraft will be operated by Atlas Air under an aircraft, crew, maintenance and insurance (ACMI) agreement on a service operating between the US, ...
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New project forwarder network launched
A new freight forwarder network covering project cargo has been launched in order to offer shippers more options when shipping globally.The new IFLN Global Projects network will only include cargo agents with a "high degree of capability in the field of project forwarding".The network, which is part of the International ...
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BIFA adds to training team
UK freight forwarder association BIFA has expanded its training team with the appointment of Graeme Wilkinson in order to keep up with member demand.Wilkinson has more than 20 years of freight forwarding experience and joins from Pantos Logistics. He has also worked for C.H. Robinson, MIQ Logistics and Emery Worldwide.Carl ...
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Forwarder Tigers adds new China-Europe rail operation
Tigers is the latest freight forwarder to add a new rail service between Asia and Europe, offering an alternative to air and sea transport.The Hong Kong forwarder will transport goods both east and westbound between Duisburg and Hefei, Chongqing and Chengdu.Customers are able to charter an entire train, or book ...
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DHL launches twice a week B747 freighter from Oslo to Seoul and Shanghai
Norway’s Oslo Airport has teamed up with DHL Global Forwarding to establish a twice a week chartered Boeing 747-400 freighter link to Seoul and Shanghai, with the ambition of establishing a scheduled service.The Norwegian seafood gateway, with a 32% general cargo growth so far this year, said that it is ...
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Forwarder Panalpina confirms completion of Air Connection deal
Freight forwarder Panalpina has confirmed it has completed the acquisition on Kenyan perishables forwarder Air Connection.The Switzerland-based freight forwarder first announced the deal in May but had been waiting for approval from the Competition Authority of Kenya, which, as reported by Air Cargo News, it received earlier this week.Conditions are ...
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Takeover of Kenyan perishables forwarders to go ahead, with conditions
Kenya’s competition watchdog has approved “with conditions” the takeover of two specialist perishables forwarders in the African country by European logistics giants Kuehne+Nagel (K+N) and Panalpina.The Competition Authority of Kenya has approved the acquisition of Air Connection by Panalpina Airflo Ltd, Panalpina Airflo BV and Panalpina Kenya Ltd, but ordered ...
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Expeditors launches new cargo tracking company
Freight forwarder Expeditors has launched a new cargo tracking company that will offer its services to customers moving cargo using other companies.The US forwarder said that Cargo Signal would offer its suite of sensor-based logistics tracking services on shipments move by both Expeditors and other carriers.These digital services are run ...
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Kerry Logistics appoints Trench for UK F&B business
Kerry Logistics has appointed Claire Trench as head of food and beverage (F&B), based at its Glasgow, Scotland office in the UK.Trench has over 17 years’ experience in forwarding, most recently in senior management positions working with leading brands in the beers, wines, and spirits industry.In her new role, she ...