All Agility articles
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NewsMenzies Aviation builds new board following acquisition
Global aviation logistics specialist Menzies Aviation has appointed three new members to its new board.Ehab Aziz, Cheryl Martin and Thomas Plenborg have joined the new board, chaired by Hassan El-Houry, that was established following the acquisition of Menzies by Agility.The board will support the executive management team in guiding Menzies’ ...
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Agility finalises Menzies acquisition
Agility has finalised its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business.The boards of Agility and Menzies reached agreement on March 30 on Agility’s cash offer to acquire 100% of Menzies ordinary shares following a series of exchanges between the ...
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Menzies and NAS finalise £571m takeover deal
Menzies will recommend to shareholders a takeover offer from Agility subsidiary National Aviation Services (NAS) that values the company at £571m.The two companies today announced they reached agreement on the terms of a recommended cash offer to acquire 100% of the ordinary shares in Menzies at a price of £6.08 ...
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Menzies accepts NAS takeover offer
John Menzies has approved a takeover proposal from Agility subsidiary National Aviation Services (NAS) Holding following its rejection of earlier offers.The board of Menzies has received a further revised “final” proposal from Agility subsidiary NAS regarding a possible all cash offer for Menzies of 608 pence per share.The deal has ...
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Menzies issues further takeover rebuff to NAS
Menzies has issued a further takeover rebuff to Agility subsidiary National Aviation Services (NAS), which last week launched a 510 pence per share bid for the Scotland-based wholesale airfreight and airport ground handling group.The board of Menzies said on February 15 that it has engaged with its shareholders following its ...
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NewsDSV reports record results on higher rates and GIL takeover
DSV reported record revenues and profits last year thanks to higher freight rates and acquistions.The Danish forwarder reported a 57.2% year-on-year increase in revenues for the year of DKr182.3bn, while earnings before interest and tax (ebit) were up 70.4% to DKr16.2bn and net profit climbed 164.3% to DKr11.2bn.Results were boosted ...
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NewsSurvey reveals logistics sector's uncertainty over recovery
Logistics professionals are uncertain about the global economic outlook in 2022 but a majority feel air and ocean rates will begin to moderate by the end of the year.The latest Emerging Markets Logistics Index from logistics firm Agility and consultant Transport Intelligence found the supply chain sector was split over ...
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DSV Panalpina targets growth after completing Agility GIL deal
DSV Panalpina has completed the takeover of the logistics arm of Agility - Global Integrated Logistics (GIL) — in a deal with an enterprise value of around $4.8bn.The all-share deal will see Agility gain 8% of the total shares in the combined entity making it DSV Panalpina's second largest shareholder.The ...
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NewsTop 25 Forwarders: DHL stays at the top despite volume decline
DHL Global Forwarding maintained its position as the leading airfreight forwarder last year despite volumes dropping, while Kuehne+Nagel (K+N) looks set to nab the top spot in the coming years and DSV Panalpina continues its rapid rise up the table (see full table below).The latest annual market figures from consultant ...
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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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Five forwarders continue to lead online sales charge
Freight forwarders have improved their ability to provide instant quotes digitally, but this is led by the same group of five companies with others lagging behind.The latest annual mystery shopper report from booking portal Freightos showed that its research showed that more than 25% of digitally requested quotes were provided ...
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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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Asia-Europe airfreight rate growth shows signs of slowing
Airfreight rate increases between Asia Pacific and Europe showed signs of slowing down last week as coronavirus lockdown measures began to be eased.Data from TAC Index shows that last week average airfreight rates from Shanghai Pudong to Europe declined by 4.5% on a week earlier to $9.98 per kg.This is ...
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Air cargo capacity continues to climb but so do rates
Airlines have been continuing to respond to urgent demand for the transport of medical equipment by adding extra cargo capacity but it has not put the brakes on rate increases out of China and Hong Kong.TAC Index figures show that last week average air cargo rates from Shanghai to North ...
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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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NewsEmirates SkyCargo transports 50 tonnes of hazelnut paste
Emirates B777-300ER. Photo: EmiratesEmirates SkyCargo has operated a charter flight carrying 50 tonnes of hazelnut paste.Working in partnership with Agility, the airline deployed a Boeing 777-300ER aircraft to transport the paste, which is used in confectionary products, from Istanbul to Melbourne via Dubai.The special consignment was uplifted by flight EK ...
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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 ...