All Freight Forwarder articles – Page 11
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News
Airfreight rates slide in line with Lunar New Year holiday demand decline
Airfreight rates began their Lunar New Year holiday decline last week after rising in the first six weeks of the year.The latest figures from TAC Index show that last week overall airfreight rates slipped by 8.2% compared with the week before and are down 21.2% from a year ago."Despite ongoing ...
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NewsAir cargo market shows signs of cooling after busy start to 2024
The latest figures show that the air cargo market is beginning to cool after a brisk start to the year caused by the Red Sea crisis and pre-Lunar New Year (LNY) rush.Figures from analyst WorldACD show that in week six, tonnages out of China declined by 2% compared with the ...
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News
SGL: Lunar New Year break set to cool "red hot" air cargo market
Scan Global Logistics has described the current airfreight market as "red hot", but it expects the situation to cool now the Lunar New Year holiday in Asia is underway.The forwarder reports that over the last few weeks, there has been a rush in demand ahead of the 14-day Lunar New ...
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NewsE-commerce bolsters Geodis capacity
Geodis is scoping out growth, while keeping hold of its freighter capacity as it benefits from strong e-commerce demand.Geodis will continue with its own-controlled freighter capacity until at least the end of the year.The freight forwarder’s leased Airbus A330-300P2F, operated by London Stansted-headquartered airline Titan Airways, is currently operating between ...
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News
E-commerce continues to support air cargo growth
E-commerce was a boom vertical in the air cargo industry during the pandemic and demand has been a steady source of growth for airfreight companies since.Ahead of a more in-depth look at how the sector is evolving in our IATA WCS special issue, Air Cargo News spoke to FedEx and ...
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NewsUnsworth adds new UK MD
Thomas Kuehn. Source: UnsworthFreight forwarder Unsworth has appointed Thomas Kuehn as managing director of its UK business as the current incumbent, Richard Hogg, steps up to become group chief executive.Kuehn joins from World Transport Agency where he has been managing director for almost a decade.He also spent ten years at ...
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NewsMaersk weighs up DB Schenker bid
Source: ricochet64/Shutterstock.comShipping giant AP Moller Maersk says it would now consider making an offer for top-4 airfreight forwarder DB Schenker after previously dismissing the idea.Speaking after announcing its fourth-quarter results, chief executive Vincent Clerc said the company had now changed its mind on a possible bid for the forwarder given ...
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NewsGebrüder Weiss continues North American expansion with Cargo-Link deal
Scott Ogden (L), Cargo-Link and Mark McCullough, Gebrüder Weiss. Source: Gebrüder WeissGebrüder Weiss has acquired freight forwarder Cargo-Link as part of efforts to expand its presence in North America.Family-owned Cargo-Link is based in Salt Lake City, Utah, and offers air, sea and domestic forwarding services, as well as customs brokerage.As ...
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NewsDHL GF begins construction of Frankfurt Airport airfreight centre
Anke Giesen (left) Fraport, and Tobias Schmidt, DHL. Photo DHLConstruction has begun on DHL Global Forwarding's new airfreight centre at Frankfurt Airport.The forwarder expects to inaugurate the air cargo centre in mid-2025. Fraport, the owner and operator of Frankfurt Airport (FRA), has leased the property space to DHL Global Forwarding ...
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News
Virgin Atlantic Cargo expands online booking offering
Virgin Atlantic Cargo has continued to expand its online booking capabilities by placing its capacity on WebCargo.WebCargo said that its users would now be able to book capacity on the carrier's flights to 30 destinations in the US, India, China, Nigeria, South Africa, and the Caribbean.Virgin Atlantic Cargo managing director ...
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News
DSV: Red Sea crisis having a limited impact on airfreight
Customers are "buffering up" to combat the impact of the Red Sea crisis and have yet to resort to a major shift to air, according to DSV.Speaking following the announcement of its full-year results, the forwarder's new chief executive Jens Lund explained the steps customers are taking to mitigate the ...
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News
Geodis sets new emissions reduction targets
Freight forwarder Geodis is targeting a 42% reduction in its own greenhouse gas emissions and a 30% reduction in subcontracted transport emissions.The company said that it would reduce its carbon emissions through the application of the Science Based Targets initiative (SBTi), in compliance with the goal of the Paris Agreement ...
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Insights
Red Sea shipping disarray sees Kerry’s air business hot up
There has been much speculation about whether the Red Sea crisis and the consequent rerouting of ships from the Suez Canal in Egypt to the Cape of Good Hope in Africa is impacting airfreight and to what extent.Some airlines and forwarders have said they are receiving more interest from shippers, ...
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InsightsSurvey: Air cargo optimistic for the year ahead
Air Cargo News recently carried out a survey of airfreight professionals and found the majority are expecting market conditions to improve this year.The air cargo industry is optimistic the market will improve in the coming year, with expectations that both volumes and rates will increase in 2024.A survey of more ...
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NewsDSV sees air revenues and volumes tumble in 2023
DSV's airfreight revenues, volumes and gross profits all took a hit last year due to improved ocean shipping operations, high inventories and a weak consumer market.The Denmark-headquartered forwarder reported a 44.1% year-on-year decline in air revenues in 2023 to Dkr50.6bn, gross profit for the year was down 27.9% to Dkr13.4bn ...
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News
Airfreight rates on the up as January draws to a close
Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports of a move from sea to air due to the Red Sea crisis.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in the last full week of ...
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News
Flexport set for another round of job cuts
Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year.Tech publication The Information last week reported that the forwarder will cut 20% of its staff, equating to around 500 people.The company last year cut 20% of its staff in mid-January as it was ...
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NewsGCL continues recruitment drive with CGO appointment
Brent Nagy. Source: CGLGlobal Critical Logistics (GCL) has appointed Brent Nagy as its chief growth officer as the company continues its expansion drive.In his new role at the time-critical and entertainment logistics specialist, Nagy will help drive growth, strategic partnerships, and cross-selling initiatives to offer superior customer solutions across GCL’s ...
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News
Cargo-partner aims to head off Europe-Mexico disruption with new consol service
Logistics firm cargo-partner has expanded its air consolidation service by adding a new route between Germany and Mexico as it looks to combat disruption on the route.The service will operate between Frankfurt and Felipe Ángeles International Airport and was launched as shippers face a "tense market situation" on services between ...
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News
Sea-air to come to the fore as Red Sea crisis drags on
Kerry Logistics has reported increased interest in its sea-air services, mirroring reports of growing enquiries for alternatives to ocean shipping due to the Red Sea crisis.The Hong Kong-headquartered forwarder said that its sea-air and road-air services across Eurasia have recently garnered increased interest.The company said that its sea-air solution transports ...