All Freight Forwarder articles – Page 124
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News
Panalpina launches 'Brazil Wings' freighters to São Paulo
Panalpina is adding a B747-400 freighter service to São Paulo, Brazil, aimed at manufacturers of heavy machinery and equipment for agriculture and mining.The direct service from US hub Huntsville to São Paulo, called Brazil Wings, has been designed for customers in the mid-west and in parts of the s south ...
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2015 looks set for merger and takeover boom
A lower oil price looks set to fuel 2015 mergers and acquisitions (M&A) activity in the transport and logistics sectors.Global consultancy PwC believes that one key driver of improved M&A across modes “will likely be the decline in fuel costs globally, as oil prices have fallen to their lowest level ...
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Pharma helps K+N airfreight outpace the market
Kuehne+Nagel beat 2014 airfreight market growth with a 5.3 per cent increase in volumes to 1.2m tonnes for the full year.The Switzerland-based logistics giant’s air cargo increase is more than twice last year’s global market benchmark average of between three and four per cent.K+N, the world’s second largest airfreight forwarder ...
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Losses mount at dampened Damco
Damco, the global logistics arm of Danish shipping group AP Moller Maersk, more than doubled its annual losses to $293m for the full year 2014.The ocean giant parent said that Damco's losses were due to “significant” impairment hits in 2014 and “reduced profitability” in its ocean and airfreight segments.Netherlands- headquartered ...
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Airfreight bolsters Expeditors’ figures
A ten per cent year on year increase in airfreight net revenues contributed to a strong 2014 fourth quarter for US forwarder and logistics company Expeditors.The Washington-based company said its net earnings had increased 19 per cent in the quarter, to almost $99.4m, compared with $83.5m in the same period ...
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Minister praises Singapore streamlining
Initiatives by Singapore ground handler SATS to streamline cargo pallet handling, and a warehouse reorganisation to reduce processing time were among projects singled out for praise by Singapore’s transport minister Josephine Teo.There was also ministerial praise for a cargo track and trace scheme by forwarder DB Schenker.The Aviation Productivity Conference, ...
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Panalpina predicts 3%-4% air cargo market growth in 2015
Panalpina expects the airfreight market to grow by between three and four per cent in 2015, driven by the technology, perishables and industrial consumables sectors.The Switzerland-headquartered multi-modal logistics company predicts that airline rates will “stay the same or even increase in selected trade lanes”, even though there is pressure on ...
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Lieb to quit DB Schenker Logistics
Thomas Lieb, management board chairman of Schenker AG, will leave the German logistics company at the end of this month “by best mutual agreement”.The 56 year-old will take on new responsibilities outside the German railway parent company, Deutsche Bahn Group.Dr Lieb has resigned “immediately” as head of business unit at ...
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DB Schenker to open Heathrow temperature-controlled site
DB Schenker Logistics will open a new perishables handling facility at London Heathrow at the end of March.The 11,000 sq ft facility will have cross-dock capability to eliminate contamination exposure and will allow for reduced manual handling.Schenker UK chief executive Helgi Ingolfsson said: “I have high hopes for this ultra-modern ...