All Europe articles – Page 58
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FIS publishes first airfreight futures forward curve
Freight Investor Services (FIS), which specialises in shipping derivatives, has published the first airfreight forward price curve, "beginning a new era of risk management in this $70bn freight market".FIS has spent 12 months working with index provider TAC Index to develop a "robust methodology" for the airfreight market which accounts ...
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K+N to open pharma logistics hub in Chile
Kuehne+Nagel (K+N) will open a pharma logistics hub in Santiago de Chile next month (August 2018) to benefit the growing pharma & healthcare industry in South America.The dedicated warehouse provides K+N’s temperature-controlled, door-to-door KN PharmaChain global network with an increased regional footprint.Ingo Goldhammer, president of K+N South & Central America, ...
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Footie fans flock to Russia as Heathrow cargo dips in June
Heathrow Airport celebrated “World Cup fever” with its busiest June on record for passenger numbers, as monthly cargo throughput fell 2.1% to just over 139,000 tonnes versus same period 2017.Cargo volumes for the UK, the European Union, the rest of Europe and Latin America saw relatively modest gains in June.African ...
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FTA urges UK government to ensure Brexit position does not disrupt trade
UK shipper and logistics group the Freight Transport Association (FTA) has urged the government to ensure that its final Brexit agreement allows businesses on both sides of the channel to continue to trade freely.“The time for talk is definitely over,” says James Hookham, Deputy Chief Executive of FTA. “Businesses urgently ...
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CMA CGM obtains regulatory green light for 24.9% stake in CEVA
CMA-CGM, the world's third largest container shipping group, has obtained all regulatory approvals to complete its 24.99% shareholder investment in supply chain specialist CEVA Logistics.CMA CGM made a strategic investment in convertible securities issued by CEVA in a concurrent private placement at the time of CEVA's initial public offering (IPO) ...
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TRACY is listening to GEFCO's customers
European logistics provider GEFCO is pioneering TRACY, a voice-activated shipment tracking tool for customers using smart speaker technology and logistic software, Cargowise.GEFCO’s freight forwarding division, which handled around 77,000 airfreight shipments in 2017, developed TRACY for customers requiring real-time monitoring of high-priority consignments.Supply chain operator GEFCO, a finished vehicle logistics ...
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Gatwick handled goods worth £7.5bn in 2017
London Gatwick airport saw £7.5bn of international goods pass through the gateway in 2017, in trade that supported 113,800 UK jobs — according to detailed analysis published by Oxford Economics, the economic forecasting and modelling consultancy.Metals/metal parts worth £2bn and vehicles/autoparts totalling £1.7bn were the two biggest categories of goods ...
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Ogiermann joins Volga-Dnepr Group
Former Qatar Airways cargo chief Ulrich Ogiermann has joined Volga-Dnepr Group as senior vice president for operations and as deputy general director for CargoLogicManagement (CLM), stepping up to a full-time role after being employed as a consultant at CLM.Ogiermann will be responsible for the implementation of Volga-Dnepr’s international cargo airlines ...
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Tigers grrrrows in Germany
Tigers has opened a new office at Frankfurt Airport to act as a gateway for Europe by creating airfreight consolidation products, starting with the trade lane between Germany and South Africa.The Hong Kong-headquartered e-commerce specialist’s third office in Germany is headed by Marc Acksteiner and offers international freight forwarding and ...
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CEVA set to refinance its debts with a $400m private offering
CEVA Logistics is set to go to the markets with a proposed $400m private offering to refinance its existing debt facilities and may seek a further $35Om "at a later stage".The Switzerland-based supply chain company also plans to enter into a new $600m Senior Revolving Credit and Ancillary Facility (RCF) ...
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Lufthansa Cargo confirms new B777Fs to initially expand capacity
Lufthansa Group’s decision-making bodies have approved Lufthansa Cargo’s operation of two new Boeing 777Fs ordered in May, which will initially be used to increase capacity.Although it had largely been assumed when the aircraft were ordered that the aircraft would be operated by Lufthansa Cargo - the press release even included ...
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European airports see cargo growth stagnate in May
Airfreight traffic growth at European airports was flat in May as strikes took their toll on the market.The latest figures from Airports Council International (ACI) Europe show that freight traffic increased by just 0.8% year on year in May.This compares with an increase of 3.5% year on year over the ...
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SEKO adding flagship facility close to Heathrow as UK business booms
SEKO Logistics is investing in a new flagship airfreight and omni-parcel services facility close to London Heathrow airport as the logistics group’s UK revenues are set to top £100m for the first time.With an eye on Brexit, when the UK leaves the European Union, US-based SEKO said that Heathrow will ...
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Inefficient supply chains cost UK businesses £1.5bn per year
Inefficient supply chains and miscommunication in air and oceanfreight are costing UK businesses £1.5bn per year, according to a new study.The research, published by digital freight forwarder Zencargo, found that processing each shipment takes on average three hours, with 50,000 jobs tied up in procurement, managing suppliers and freight administration.Red ...
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Geodis builds on French e-commerce with e-tailer Cdiscount
Geodis and Cdiscount are expanding their logistics partnership by opening an 80,000 sq m storage facility in Moissy-Cramayel to manage products weighing less than 30 kg sold by the French e-commerce leader.As part of its development strategy, Cdiscount entrusted Geodis with the operation of its new logistics platform in the ...
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East Midlands Airport's annual volumes up 9.7% to 358,000 tonnes
East Midlands Airport, the major UK express hub owned by MAG Group, saw tonnage increase by 9.7% to 358,000 tonnes in the financial year ended March 2018.The country’s busiest airport for freighter aircraft continues to play a key role in the thriving “Midlands Engine” said MAG, announcing its year-end results.MAG, ...
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Swissport chief executive Eric Born to step down in December 2018
Eric Born is to step down as group president and chief executive of Swissport International at the end of this year.Born informed the board of directors at the ground and air cargo handling group of his decision which will see him leave the company in December 2018.He has held the ...
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More seminars planned as UK braces for new Customs system
A series of new seminars are being planned to prepare the UK's supply chains for a new Customs system that will come into force over the coming months.The new Customs Declaration Service (CDS) will replace the current system, HM Revenue and Customs (HMRC)’s Customs Handling of Import and Export Freight ...
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NewsEx-Jade B747 freighter preparing for duty with CAL
A Boeing 747-400ERF once operated by German-Chinese carrier Jade Cargo is on course to be operated by Liege airport-based CAL Cargo Airlines, which is headquartered in Israel and owned by entrepreneur Offer Gilboa.Meanwhile, ACE Belgium Freighters (ACE) is taxiing for take-off with its first service, scheduled to begin in October ...
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CEVA renews and expands $100m logistics contract with tech customer
CEVA Logistics has renewed a global freight management contract with an unnamed technology customer and has been awarded important additional services in air and ocean freight. The Switzerland-headquartered logistics provider estimates that existing and new business will "exceed $100m of revenue" over the next twelve months, depending on actual volumes ...