All Freight Forwarder articles – Page 114
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News
XPO Logistics gains 67% stake in Norbert Dentressangle
Fast-growing XPO Logistics has completed the purchase of a 67% shareholding in one of Europe’s most well-known logistics firms, Norbert Dentressangle, pushing it into the top-ten list of global logistics players.The deal, first announced in April, sees XPO acquire its majority stake in the company through the purchase of the ...
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Panalpina shuffles executive board
Panalpina has promoted Andy Weber to the position of chief operating officer, from the beginning of July.The Switzerland-based logistics giant has also announced that Ralf Morawietz will assume the position of chief information officer, taking over from Rod Angwin who will leave the company for personal reasons during the course ...
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Airbus on board for the US
Airbus components for the first US-produced A320-family aircraft have left German port Hamburg, bound for Mobile, Alabama.The major component assemblies (MCAs) consist of the wings produced in the UK, the rear fuselage section produced in Germany including the tail cone (produced in Spain), and the forward fuselage section, including the ...
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Panalpina to buy Egyptian agent
Panalpina is to acquire its Egyptian agent for the last 20 years, Afifi, a family-owned company specialising in freight forwarding, customs clearance and logistics. Terms were not disclosed.The move is an important step in Panalpina’s continued strategic expansion in growth economies, in particular in the Middle East and Africa. Afifi ...
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Scholten merges forwarding units into Fast Logistics
Dubai-based Fast Logistic Solutions (FLS) Group, headed by ex-Saudia Cargo executive Peter Scholten, is merging its Fast Forward Cargo and First Priority Cargo forwarding arms into a single business from July.The new entity, Fast Logistics, will have annual airfreight volumes of 50,000 tons and employ 600 staff in a network ...
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Optimistic airfreight forwarders
European airfreight forwarders are expecting volumes to continue to increase over the coming two months.The latest monthly Danske Bank forwarder index for expectations for the coming two months came in at 57 points, with any figure above 50 suggesting that participants expect volumes to grow over the period.The April survey ...
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CEVA appoints Turhan Ozen as head of global healthcare
CEVA Logistics has appointed Turhan Ozen as senior vice president responsible for the company’s recently launched global healthcare sector.Ozen has over 25 years' experience in the supply chain management industry, most recently serving as CEVA’s vice president, business development for the Balkans, Middle East and Africa. He joined CEVA in ...
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Chicago supply chains hit by congestion
Trucks picking up and dropping off cargo at Chicago-O’Hare International airport face waits of up to nine hours as a demand surge and road works cause major congestion.US Airforwarders Association executive director Brandon Fried told Air Cargo News that construction on the main access road to the freight area and ...
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Agility's airfreight yields boost Q1 performance
Improving airfreight yields have helped push logistics firm Agility to a 5 percent year-on-year improvement in profits during the first quarter of the year.During the first quarter, the Kuwait Stock Exchange-listed company recorded a 1 percent improvement in revenues on last year to KD318.1m ($1.06bn), while net profit increased by ...
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DHL Global Forwarding suspends transformation programme
German logistics giant Deutsche Post DHL has suspended its forwarding division’s transformation programme after admitting its roll-out was affecting business operations.Speaking shortly after announcing first-quarter results, Deutsche Post DHL chief executive Frank Appel admitted that its transformation project had been too ambitious and more attention should have been paid to ...
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Damco sees $9m loss as airfreight dives
Damco, the troubled logistics arm of Danish shipping giant AP Moller-Maersk (APMM), made a $9m loss in the first quarter of 2015 as its airfreight volumes fell 19%.The division's total supply chain revenue fell nine percent, year on year, to $683m for the January to March 2015 period, of which ...
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Deutsche Post's weak forwarding arm hits Q1 operating profits
First quarter 2015 airfreight volumes at German logistics giant Deutsche Post DHL rose by just 0.3 per cent to 935,000 tonnes, with group operating profits hit by the “weak performance” of the Global Forwarding and Freight business.Although the forwarding unit’s quarterly reported revenues increased by 7.6 per cent to €3.8bn, ...
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Pilot opens down Mexico way
North American transport firm Pilot Freight Services has opened a station in Mexico City. Its first location under a new Pilot de Mexico brand, it will offer warehousing and logistics services, including domestic ground and air transport.It is the first stage of a planned expansion in the country, with additional ...
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Airfreight lifts buoyant Expeditors
A 13 per cent rise in airfreight volume helped Expeditors International to a 27 per cent earnings surge in the first quarter of 2015. The Seattle, US-based forwarder and logistics company announced net earnings of $106.7 million, compared with $83.8m for the same quarter of 2014.Senior vice president and chief ...
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Air forwarders strike back against integrators
Air freight forwarders are beginning the fightback to win marketshare lost to integrators over the last few years, but concede it will be difficult to win back volume lost to shipping lines.Speaking at the Transport Logistic exhibition, which runs alongside Air Cargo Europe, GEODIS global air product director Henk Venema ...
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Top man for top job at Allport
UK forwarder and logistics operator, Allport Cargo Services (ACS), has appointed its managing director, Charles McGurin to the new post of chief executive officer. McGurin took his current position in 2014.ACS is a subsidiary of Hong Kong-based Cargo Services Group, which has operations in over 30 countries worldwide and representation ...
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Private cash for supply chain specialist
Supply chain specialist Seko is to receive funding for the next stage of its growth from Greenbriar Equity Group, a New York-based private equity firm that focuses exclusively on the transportation industry.Seko provides complete supply chain solutions including forwarding, transportation, logistics, software and warehousing and has over 120 offices in ...
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Air cargo gives Ceva wings
A 5.2 per cent increase in air freight volume helped Ceva Logistics to an improved first quarter in 2015. Overall earnings at the Netherlands-based freight forwarder and logistics company was up 4.6 per cent for the three months ended 31 March 2015 compared with the same period last year, while ...
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Nova Systems introduces new air tariff cloud software
Nova Systems will introduce its new BeOne Cloud Forwarding Suite software solution at this year’s Transport Logistics show.Nova, which will be exhibiting in hall B2, stand 436, said the software offers automatic updates of air company tariffs and has been created for those involved in forwarding, customs, and logistics.Silvano Forapan, ...
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Geodis to reveal new branding at Transport Logistics
Geodis will present its new branding at this year’s Transport Logistics exhibition, which will run alongside Air Cargo Europe.The logistics giant, which will be located in hall B5 on stand 303/402, decided to launch its new brand after bringing together all its business lines.The move will see existing brands, Geodis ...