Freight forwarders – Page 99
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News
Ex-CEVA shareholders launch lawsuit against Apollo Global
A former CEVA Logistics employee has launched a lawsuit against the owners of the company over allegations a group of employee investors were defrauded out of their stake in the firm.In court documents filed in Florida, it is alleged that a group of ex-employees and employees have accused Apollo Global ...
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DHL signs deal to help Shanghai Pharma grow
Shanghai Pharma, one of China’s largest listed pharmaceuticals groups, has signed a Memorandum of Understanding (MOU) with DHL Supply Chain to expand its global logistics infrastructure.Under the MOU, the pharmaceuticals giant – which generated revenues of more than US$18 billion (RMB121 billion) last year – will partner with DHL ...
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Agility airfreight beats the market but net revenue under pressure
Agility’s air freight tonnage grew 14.7% in the second quarter of 2017 – above the market average, said the Kuwait-based forwarding and logistics company.The air cargo performance contributed to a 9.6% increase in revenue for Agility Global Integrated Logistics (GIL), the company’s core logistics business, in the quarter, to 255.2 ...
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NewsAsian airfreight rates on the up, but transatlantic feels the squeeze
Airfreight rates on services from Asia continued to track ahead of last year’s levels in July, while some weakness was noticed on the transatlantic.The latest figures from TacIndex show that airfreight rates on services from Hong Kong to the US increased by 33% year on year in July to reach ...
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Analyst sees upsurge in forwarding mergers
Increasingly disparate financial performance among leading players will lead to more mergers and acquisitions in freight forwarding, says two industry experts.David Kerstens and Hamish Dalgarno, respectively equity analyst and equity associate at investment banker Jefferies International said in a report that there is a growing performance divide in the freight ...
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Ceva maintains momentum in tough airfreight market
Ceva said its air freight volumes jumped 15.6% in the second quarter of the year, notably on the Trans-Pacific and Intra-Asia trade lanes.The Netherland-headquartered forwarding and logistics firm said that although the market situation remains difficult, with rising carrier rates, yields were maintained at relatively high levels.Ceva added that productivity ...
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Perspex sees clear advantages from Tigers deal
Logistics and transport company Tigers is to partner with acrylic products maker Perspex SA Gauteng in South Africa for all its warehousing and distribution needs.Perspex South Africa manufactures extruded acrylics, styrenics, polycarbonate, aluminium composite sheeting, polypropylene, polyethylene and extruded polyurethane products.Through the partnership, it aims to will improve its service ...
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VIDEO: DHL completes 'smart glasses' pilot programme
Deutsche Post’s contract logistics arm, DHL Supply Chain, has completed a pilot programme using smart glasses in its warehouses in the US and Europe.The high tech eyewear provide visual displays of order picking instructions along with information on where items are located and where they need to be placed on ...
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German drinks forwarder sets up in the UK
German-owned freight forwarder Robert Kukla has launched a UK subsidiary to focus on beverage logistics.Based in Brentwood, north-east London, it will be Robert Kukla’s first UK - based company and also the largest in terms of investment and potential.It is led by new managing director, Steve Wood, along Lynda Simms ...
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Muted airfreight growth for DSV as it digests UTi
Danish-headquartered forwarder and transport company DSV said its airfreight division increased volume by 10% in the first half of 2017, helped by its acquisition of UTi at the start of last year.This put it slightly ahead of the market, which was up 8%, it said in its interim financial report, ...
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Geodis sees strong growth
French freight forwarder Geodis saw a 3.4% rise in activity, driven by a strong showing at Geodis America (formerly OHL) and also a range of other commercial successes, said owners SNCF (French Railways) in its half-year annual results, published on 31 July.SNCF Logistics, which includes the freight arm of the ...
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Tigers pounces on Brexit logistics opportunity
Hong Kong-based forwarder Tigers Global Logistics has gained Authorised Economic Operator (AEO) certification in the UK as part of a raft of measures to counter any disruption caused by the country leaving the European Union (EU) in 2019.It has also opened a new office in Leeds. With AEO in place, ...
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The drinks are on us, says UPS
UPS is expanding its ability to ship alcohol, wine and beer to consumers on its express or standard shipping services.Wine connoisseurs can now use the express logistics firm to ship cases of wine shipped directly from the vineyards to their home.UPS says that according to industry studies, Italy, France and ...
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Rising star at Crane Worldwide
Specialist logistics company Crane Worldwide has promoted Chris Mitchell from director of global specialized solutions in Asia to vice president, global specialized solutions based in Singapore.Originating from the UK, Mitchell has been based in Asia since 1998 and has been involved in the development and execution of projects primarily in ...
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Ahead of market growth for DB Schenker airfreight
German-owned forwarder DB Schenker’s airfreight business grew by 11.4% to reach 613,000 tonnes in the first half of 2017, said Deutsche Bahn AG’s chief executive Dr. Richard Lutz at a press conference to announce the holding company’s interim results.The overall airfreight market was estimated to have grown by around 9% ...
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DHL offers high-tech logistics for the high-tech industry
DHL is combining its competencies to the computer industry as DHL Semiconductor Logistics to provide a full suite of end-to-end solutions and is launching a Global Capital Support Center with dedicated teams in Europe, Asia Pacific and the US.The suite of services covers the entire value chain from inbound to ...
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New Zealand forces recruit freight forwarder Kuehne+Nagel
The New Zealand Defence Force has signed a multi-year contract with forwarder Kuehne + Nagel.Under the agreement, the forwarder will be the global supplier of domestic and international freight forwarding and customs services to the Defence Force, which consists of the Royal New Zealand Navy, the New Zealand Army and ...
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Shippers warned to book now or face rate spikes and delays in busy peak for air cargo
Panalpina has warned shippers to book their airfreight shipments as early as possible to avoid a spike in prices and capacity shortages during what is expected to be a busy peak period.The Switzerland-based freight forwarder said that the summer period is traditionally a calmer period, but this year has been ...
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VIDEO: Improving air cargo security in the US
The US air cargo industry has been debating how it believes the sector can make supply chains more secure (see video at end of article).Air cargo participants presented their thoughts on air cargo security to a Homeland Security subcommittee chaired by Republican John Katko.President of the Cargo Airline Association Stephen ...
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Forwarder-to-forwarder online marketplace launched
A new online cargo marketplace, Transnations, has been launched, this time targeting the intra-freight forwarder market.Transnations said its solution will save companies time and money wasted when using less focused platforms, leading to improved margins, increased business leads, optimised consolidation and minimal email communications. Forwarders can publish and update their ...