All Scan Global Logistics articles – Page 2
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NewsAirfreight rates down in June as summer lull arrives
Airfreight rates declined again in June as the quieter summer period resulted in a demand slowdown (see dashboard at end of article).The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – based on contract and spot process paid by forwarders – on services from Hong ...
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Scan Global Logistics continues expansion with third France office
Fast-growing Scan Global Logistics (SGL) is continuing its expansion with the addition of a new office in France.The Denmark-based freight forwarder has added a new office in Dunkirk to cater for the industrial projects sector and bringing its representation in France to three centres.The company, which opened its first office ...
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Scan Global Logistics expands in Africa with Kenya investment
Fast-growing freight forwarder Scan Global Logistics (SGL) has opened its first office in Kenya as it looks to expand on the African continent.The Nairobi office is in addition to the forwarder's presence in Togo, Benin, Mali, Côte d'Ivoire and Senegal and South Africa."The expansion into Kenya is a pivotal part ...
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NewsScan Global Logistics launches SAF pilot project with Majid Al Futtaim Lifestyle
Source: Scan Global LogisticsScan Global Logistics (SGL) has partnered with retailer Majid Al Futtaim to launch a pilot project using sustainable aviation fuel (SAF).The pilot project aims to reduce carbon emissions for airfreight shipments of Majid Al Futtaim Lifestyle fashion products from Asia to the UAE.The pilot project started on ...
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Scan Global Logistics appoints former Maersk boss
Fast-growing forwarder Scan Global Logistics (SGL) has appointed Nils Smedegaard Andersen as its first new board member and chairman of the board.Andersen is the former chief executive of Carlsberg and of shipping giant AP Moller-Maersk, where he held the top job for nine years."SGL has transformed from a local and ...
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NewsScan Global Logistics continues expansion
SGL Romania Management Team from left to right: Sebastian Blaga, Rares Theodosiu, Adrian Pali, Andrei Zodie, Nicolae Dragan. Source: SGLFast-growing forwarder Scan Global Logistics has continued its expansion with the opening of an office in Bucharest.The forwarder said it had decided on the new office as Bucharest was fast becoming ...
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NewsScan Global Logistics outlines benefits of new majority owners
Source: Scan Global LogisticsScan Global Logistics is hoping that its new majority owners will help the company achieve its ambitious growth plans as it strives to reach $5bn in annual revenues.Earlier today, the fast-growing freight forwarding company announced that private equity fund CVC Capital Partners Fund VIII (CVC) had purchased ...
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CVC takes majority stake in fast-growing Scan Global Logistics
Fast-growing freight forwarder Scan Global Logistics has a new majority shareholder in the shape of private equity fund CVC Capital Partners Fund VIII (CVC).CVC has acquired the shareholding from an investor group led by AEA Investors Small Business Private Equity (AEA) but details of the transaction were not released.AEA will ...
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InsightsAir cargo outlook: challenging market ahead
It’s been an interesting period for the air cargo industry as volumes have been trending downwards since the first half of last year, while the capacity situation continues to change and rates remain above pre-Covid levels despite recent declines.The fall in volumes reflects high inflation that is affecting consumer spending, ...
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No signs of Chinese New Year rise in air cargo demand
Any hopes of a surge in air cargo demand ahead of the Chinese New Year/Lunar New Year holiday appear to have faded as economic pressures continue to put the breaks on consumer spending.The two-week holiday this year falls on January 22 but industry players are not expecting to see the ...
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China faces slow airfreight demand as Covid containment continues
As China enforces continued Covid containment measures air cargo demand is “slow” in the north of the country according to Flexport.The freight forwarder said that rates were also down in its October 25 freight market update.Reporting on North China, Flexport said: “Demand is slow, especially for US midwest and USEC ...
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NewsScan Global Logistics adds second UAE office this year
Source: Scan Global LogisticsFast-growing forwarder Scan Global Logistics (SGL) has opened its second office in the UAE in less than a year.The new office is based in the Abu Dhabi Airport Freezone, which SGL said would allow fast freight handling, including expedited customs services."By having customs close by, we can ...
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Scan Global Logistics targets automotive with AFL acquisition
Fast-growing Danish forwarder Scan Global Logistics (SGL) has acquired an automotive logistics specialist as it targets growth in the sector.SGL today announced the purchase of Germany-based AFL International Logistics and its sister US company American Freight Line.AFL specialises in automotive transport between the European Union and the US.Services include air, ...
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NewsScan Global Logistics acquires Sea-Air Logistics
Photo: Scan Global LogisticsGlobal logistics provider Scan Global Logistics (SGL) has acquired Sea-Air Logistics (SAL) to increase its presence in China and Hong Kong.The acquisition of the Hong Kong-headquartered air and ocean freight logistics provider is effective July 5.In October 2021, Denmark-headquartered SGL acquired SAL's longstanding partner, Horizon International Cargo ...
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Airfreight industry will not suffer any “lasting negative impact” from the pandemic
The air cargo industry will not suffer any “lasting negative impact” from the pandemic, an industry expert has said.Speaking at the Scan Global Logistics Air & Ocean Freight Outlook June 2022, Ashwin Bhat, chief commercial officer at Lufthansa Cargo, said that the company believes: “There won’t be any lasting negative ...
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NewsScan Global Logistics continues expansion with new UAE business
Source: Scan Global LogisticsScan Global Logistics (SGL) has opened a wholly-owned business in Dubai, taking advantage of the new no-local sponsor regulation.The company had commercial representation in Dubai for a number of years, but decided to take advantage of new regulations allowing 100% foreign ownership in the UAE.Only one month ...
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Shanghai port congestion could pile on airfreight pressure
Covid lockdown measures in Shanghai are drawing to a close but a backlog of shipping containers at the Port of Shanghai could once again fuel airfreight congestion and demand.In its May 24 airfreight update for North China, Flexport said that businesses are reopening after Covid curtailment measures forced them to ...
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NewsScan Global Logistics targets emissions with SAF deal
Source: Neste/Scan Global LogisticsScan Global Logistics (SGL) is partnering with Sustainable Aviation Fuel (SAF) producer Neste to offer customers the opportunity to reduce their carbon emissions when using airfreight.The freight forwarder said that the agreement means that customers can choose the level of emissions they want to reduce from their ...
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NewsWhen will air cargo's supply-demand balance return to pre-Covid levels?
The air cargo market could see its supply-demand balance return to pre-covid levels in 2025, although that prediction comes with a plethora of caveats.Speakers at the Nordic Air Cargo Symposium were tasked with taking a look at air cargo’s road to recovery and they concurred that industry turbulence was set ...
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NewsLogistics firms predict Shanghai lockdown airfreight disruption
Global logistics firms are anticipating disruption, delays and price increases for air cargo supply chains in Shanghai following the start of a nine-day Covid lockdown in the city.Shanghai started a two-phase lockdown on March 28. From this date until April 1, the city’s east side, including Pudong, will be locked ...
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