All Agility articles – Page 2
-
News
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 ...
-
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 ...
-
News
Challenging year for Agility's logistics arm
Agility Global Integrated Logistics (GIL) saw full year 2019 revenue fall 2.5% to KD1.1bn, in what was described as “a challenging year for the freight forwarding industry as a whole”.GIL, the freight forwarding arm of the Kuwait-based Agility logistics and warehousing group, reported a full year 2019 decline versus 2018 ...
-
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 ...
-
News
Logistics industry continues to view US-China trade war as biggest threat
The logistics industry continues to see the trade war between the US and China as the biggest threat to global economic growth, despite the two countries recently signing phase one of a trade agreement.A survey of 330 logistics and supply chain professionals, carried out by logistics firm Agility and consultancy ...
-
NewsForwarders up their digital offering but there's more work to be done
The leading freight forwarders are making progress in improving their digital services, but there is still more work to be done if the industry wants to capitalise on the opportunity.The fourth annual Freightos Mystery Shopper Survey revealed that 11 of the top 20 freight forwarders now provide a dedicated request ...
-
News
Agility see Q3 airfreight volumes fall
Logistics and infrastructure company Agility has announced Q3 results showing falling airfreight volumes amidst “challenging market conditions” for its Global Integrated Logistics (GIL) business.Although the Kuwait-based company reported an overall 1.6% increase in Q3 revenue to KD 400.7 million, air freight net revenue fell 2.8% compared with the same quarter ...
-
News
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 ...
-
News
Agility profits up despite tough airfreight market
Logistics and infrastructure firm Agility saw net profits increase by 8.1% year on year in the second quarter despite its airfreight business coming under pressure.The company reported a second-quarter revenue increase of 3.2% year on year to KD396.3m, while earnings before interest, tax, depreciation and amortisation (ebitda) improved by 31.2% ...
-
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 ...
-
News
Agility sees profits, revenues and airfreight increase
Kuwait-based logistics and infrastructure firm Agility saw revenues and profits increase during the first quarter of the year despite a slowing growth environment.First-quarter revenues at the company increased by 1.9% year on year to KD378.8m ($1.2bn), while ebitda was up 22.8% to KD46.3m and net profits imporved by 7.3% to ...
-
NewsBreaking news: Panalpina and DSV set to merge in $4.6bn deal
DSV and Panalpina have agreed the terms and conditions of a combination to join forces with a Public Exchange Offer to all Panalpina shareholders.If the DSV offer of SFr195.8 for each Panalpina share is successful, a deal worth around $4.6bn, DSV and Panalpina will become one of the world’s largest ...
-
News
Panalpina EGM to take place on April 5
Takeover target Panalpina’s board of directors is to hold an extraordinary general meeting (EGM) on April 5, which will also support the motion of the shareholder Ernst Göhner Foundation (EGF) to implement the One Share – One Vote standard "to further enhance the company’s corporate governance".This would lift the 5% ...
-
NewsEmerging markets enthusiasm tempered by ‘crisis’ concern
Logistics industry executives worry about trade tensions, geopolitical threats Logistics industry executives see emerging markets growing at 5% in 2019, but a high number are bracing for a crisis amid US-China trade friction, interest rate and currency volatility, and Brexit uncertainty.The annual survey of more than 500 supply chain industry ...
-
NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
-
News
Panalpina shareholder battle continues with voting right dispute
Panalpina’s second largest investor has hit out at plans to change shareholder voting rules as the battle to control the future of the forwarder continues.Earlier this week majority holder, Ernst Göhner Foundation (EGF), which holds around 46% of the company, submitted a request a request that the company change to ...
-
News
Panalpina considers voting rule change following shareholder complaint
Panalpina is considering changing its shareholder voting rules following a request from its majority investor.Majority shareholder Ernst Göhner Foundation (EGF), which holds around 46% of the company, has submitted a request that the company change to a One Share–One Vote standard at an extraordinary shareholders' meeting to be held prior ...
-
News
Panalpina seeks tie up with Agility as DSV ups its offer
The ongoing Panalpina takeover saga took another twist today as the forwarder announced it was in talks with Kuwait-headquartered Agility over a potential tie up and in response DSV has upped its offer for Panalpina.Panalpina this morning confirmed media reports that it is "in discussions with Agility Group on potential ...
- Previous Page
- Page1
- Page2
- Next Page