All Freight Forwarder articles – Page 22
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Newsdeugro utilises AN-124s for urgent petrochemical plant shipment
Source: deugroProject specialist forwarder deugro helped delivered 13 plant components using three consecutive AN-124-100 air charter flights from Italy and Belgium to Saudi Arabia within seven days.The components were required due to a production line shutdown at a petrochemical plant in Saudi Arabia."In close cooperation with the teams of deugro ...
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NewsFreight Development Pathway sees first success
Left to right: Vicki Flashman – Customs Supervisor KTL (Europe) Ltd; Louie Turner; trainee customs operator, KTL (Europe) Ltd; Myles Daly – managing director KTL (Europe) Ltd, Mat Beecham, operations manager, Manpower Freight Development Pathway. Photo: BIFAThe British International Freight Association's (BIFA) training initiative to bring more talent into the ...
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News
Europa Air & Sea targets India with new office
Freight forwarder Europa Air & Sea is set to open a new office in Delhi as it continues its international expansion.The new office will be the forwarder's first move into the Indian subcontinent and is part of efforts to "grow its geographical footprint, bringing services closer to customers, and supporting ...
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News
DP DHL outlines criteria for any DB Schenker bid
Shortly after Deutsche Post (DP) DHL announced another set of record full-year results, the parcel and logistics giant's outgoing chief executive, Frank Appel, was asked about a report in German business title Manager Magazin that suggested the company could be preparing a bid for DB Schenker.The article said that DP ...
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NewsDachser expands in Australasia with ACA purchase
Source: DachserDachser has expanded in Australia and New Zealand with the acquisition of freight forwarder ACA International.ACA is headquartered in Melbourne and the purchase adds six additional locations to Dachser's Air & Sea Logistics (ASL) network."This acquisition means Dachser’s own air and sea freight network now also covers Australia and ...
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NewsDB Schenker opens automated e-commerce logistics hub in Spain
Photo: DB SchenkerFreight forwarder DB Schenker has opened an automated e-commerce facility in Spain to service its retail customers in Spain, Portugal and France.The 50,000 sq m warehouse in Guadalajara features more than 200 robots and an optimised packaging system.The facility, situated in the Henares industrial park - 50 km ...
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News
Air Cargo News Awards are open for entry!
It’s time to get your entries together - the prestigious Air Cargo News Awards are officially open for entry!The awards are in their 39th year and celebrate companies that have invested in providing great customer service, operational excellence and innovative technologies.This year there are nine categories to enter:★ Air Cargo ...
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News
Three banks selected for DB Schenker sale
Deutsche Bahn has appointed three banks as it moves forward with the sale of its freight forwarding subsidiary DB Schenker, according to Reuters' sources.The report said that the rail group has chosen Goldman Sachs, Morgan Stanley and Deutsche Bank for the sale.Final details on the sale are still being decided, ...
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NewsMore signs of some improvement in air cargo
More reports have emerged this week suggesting that there might be a slight improvement in the air cargo market led by the ramping up of production in China.In its latest weekly market report, data provider TAC Index pointed out that the overall Baltic Air Freight Index covering prices by forwarders ...
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NewsTIACA: Sustainability efforts accelerating but more work on SAF needed
More action is needed to make sure Sustainable Aviation Fuel (SAF) decarbonisation targets are met.This is the view of The International Air Cargo Association (TIACA), which said on its March 7 media day that sustainability continues to be one of its major priorities in 2023.TIACA said new SAF incentive and ...
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News
DHL Global Forwarding reports record airfreight revenues
DHL Global Forwarding reported record airfreight revenues last year but performance weakened as the year progressed.The world's second-largest airfreight forwarder saw airfreight revenues increase 18.7% year on year in 2022 to €10.4bn while air gross profits improved 48.5% to €2bn. These improvements came despite a 9.3% decline in volumes to ...
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Insights
Putzger perspective: Air cargo navigates stormy skies
Recent months have been relentlessly tough to navigate for air cargo carriers, as imploding demand has yanked rates and yields out of the stratosphere to levels last seen before the pandemic.The reverberations are taking a toll on capacity expansion, as operators are having second thoughts on their anticipated need for ...
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News
Kuehne+Nagel targets growth in Africa with new cluster
Kuehne+Nagel is targeting growth in Africa with the formation of a new cluster to be headed by Alexandre Muratore.The new West Africa cluster will include Senegal, Nigeria, Ghana, Ivory Coast, Guinea, Burkina Faso, Gambia, Sierra Leone, Liberia, Togo, Benin, Mauritania and Guinea Bissau.Muratore, who will be based in Abidjan, will ...
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News
K+N reports record air volumes and revenues despite weakening market
Kuehne+Nagel has reported record airfreight volumes and revenues for 2022 despite performance weakening in the second half of the year.The world's largest airfreight forwarder reported a full-year air revenue increase of 7.6% year on year to Sfr12.4bn, earnings before interest and tax (ebit) for its air business was up 20.7% ...
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News
First signs of recovery in air cargo?
The air cargo market could be showing the first signs of a possible recovery fuelled by the restart of production at Chinese factories.Data provider TAC Index said that while air cargo rates "continued to edge slightly lower" last week there were indications of the "first shoots of recovery" for some ...
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NewsRoad feeder services getting closer to zero emissions with electric project
Copyright: Hessen Mobil 2019DSV is participating in a research project to test and establish an eHighway that could enable fully electric long-distance road freight.The ELISA eHighway project is being carried out in Frankfurt Germany to establish an electric highway that allows for on-the-go charging of electric vehicles, eliminating downtime spent ...
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News
Expeditors revenues and volumes down
In its fourth-quarter 2022 financial results for the three months ended December 31, Expeditors International posted year-on-year declines in operating income, revenues and volumes as demand normalised after the pandemic – and then fell off in response to economic uncertainty.Operating income for the logistics firm decreased by 47% to $330m ...
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News
Kuehne+Nagel partners with Birmingham-Shuttlesworth Airport
Kuehne+Nagel (K&N) and the Birmingham Airport Authority in the US have partnered to enable K&N to begin operating weekly international cargo flights into Birmingham-Shuttlesworth International Airport in Alabama from April.This is the first time K&N has established a presence at a secondary airport in North America.The logistics company expects to ...
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News
EV Cargo divestiture announced
Cargo Services Group and JL Enterprises are to divest from their investments in EV Cargo Holdings Limited, a Hong-based freight forwarder managed by the private equity company, EmergeVest.Cargo Services Group is a provider of supply chain solutions services as well as one of the major freight forwarders in China and ...
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News
EV Cargo becomes sole shareholder of Allport Netherlands
Hong Kong-headquartered freight forwarder EV Cargo has acquired the remaining 60% of the shares of Allport Netherlands from its joint venture partner.As part of the transaction, EV Cargo will also acquire the remaining shares in EV Cargo Global Forwarding Belgium to become the sole shareholder of this business as well.Formed ...