All Agility Logistics articles
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News
DSV to break into top three with takeover of Agility GIL
DSV is set to become a top three global forwarder as it continues its expansion through the planned acquisition of Agility Global Integrated Logistics (GIL) in a deal worth around $4.1bn.The purchase is expected to increase DSV's annual revenue by around 23%, which will rank the combined company as one ...
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NewsAgility's net profits and earnings hit by "challenging" 2020
Agility's logistics division last year saw revenues and operating profits improve, but the overall company was held back by its infrastructure division in a "challenging year".The company posted a 2.7% year-on-year climb in revenues to KD1.6bn, while earnings before interest, tax, depreciation and amortisation (ebitda) declined 15.9% to KD162.4m. Net ...
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NewsHope Consortium adds forwarders to aid in Covid-19 vaccine distribution
A group of freight forwarders have been selected by the the Hope Consortium, a UAE-based public-private partnership, to support the distribution of Covid-19 vaccines across the globe.The latest consortium partners include Agility, Aramex, Hellmann and Kuehne+Nagel, which will help address the different steps of the logistical challenge, including last-mile distribution.The ...
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Agility's logistics business on the up in Q3
Agility's logistics business saw both revenues and operating profits increase during the third quarter of the year.Global Integrated Logistics' (GIL) third quarter earnings before interest, tax, depreciation and amortisation (ebitda) stood at KD18.5m, a 35.2% increase from the same period in 2019. Gross revenue was KD305.7m, a 7.3% increase from ...
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Mixed performance for Agility in H1
Agility saw its profits dive in the first half, although its airfreight business performed well.The company saw its revenues for the first half decrease by 1.3% year on year KD765.1m, earnings before interest, tax and depreciation (ebitda) was down 20.1% to KD75.8m and net profits slipped by 61.3% to KD16.2m.The ...
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NewsAgility and Chapman Freeborn team up to deliver medical machinery and supplies in Maldives
Logistics firm Agility and air charter business Chapman Freeborn recently collaborated to deliver 287 items of medical cargo, including CT scan and MRI machines, to Malé in the Maldives for distribution at four hospitals.Agility said it overcame the logistical challenges presented by Covid-19 and brought the cargo to Dubai from ...
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Asia-Europe air rates rocket but show signs of easing on the transpac
Airfreight rates between China and Europe increased rapidly last week but there was a drop to North America.The latest figures from TAC Index show that average prices from Shanghai to Europe last week increased by a huge 42.3% to $7.33 per kg.This is a new record for the index, which ...
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Airfreight rates continue to rise as capacity crunch goes global
Airfreight rates continued their rapid ascent last week, breaching the $5 per kg mark on the transpacific trade lane for the first time in years.The latest figures from Tac Index show that last week airfreight rates between Shanghai and North America increased by 18% compared with a week ago to ...
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NewsAgility names new chief executive for logistics division
Global logistics provider Agility today announced its new chief executive of global integrated logistics (GIL) business: Chris Price (pictured), effective from May 1.Price, who has worked at Agility for thirty six years – in roles including chief executive Netherlands, chief executive for the UK and Ireland, and chief executive for ...
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NewsSupply chain professionals fear a recession in 2020
A new survey shows that the majority of supply chain industry executives anticipate a recession in 2020 amid concerns about downward pressure on global trade volumes, uncertain growth prospects, and ongoing friction between the US and China.According to the latest Agility Emerging Markets Logistics Index, 64% of industry professionals surveyed ...
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Forwarders predict a slower peak season for 2019
Freight forwarders are not expecting to face the same cargo capacity shortages as they experienced on major trades in 2017 and 2018.Flexport’s global head of airfreight Neel Jones Shah said that in Greater China and Hong Kong, the peak season would be less pronounced that the last couple of years ...
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Agility investing $18m in greener logistics
Global logistics provider Agility has so far invested $18m in green supply chain technologies as it pursues an environmental strategy to cut its 2025 emissions by 25%, from 2016 levels.The Kuwait-based logistics and infrastructure firm has today launched its latest sustainability report, “Values into Action”, which outlines its progress to ...
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NewsAgility on a growth trajectory despite market slowdown
Michael BlaufussMichael Blaufuss’ CV reads like a Who’s Who of the freight forwarding industry over the last 30 years, but surprisingly he has only really worked for two different companies.Blaufuss is currently Agility Global Integrated Logistics (GIL) senior vice president of airfreight but began his career in logistics in 1989 ...
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Forwarders sign up for IATA's new rate platform
DB Schenker, Agility Logistics and Hellmann Worldwide Logistics have signed up to IATA's new air cargo rates platform, IATA Net Rates.IATA Net Rates aims to digitise the process of airlines and GSAs distributing rate sheets to forwarders using Excel spreadsheets and email, which the airline group said is "labor-intensive and ...