All Freight Forwarder articles – Page 27
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News
New cargo terminal opens for business at Zhengzhou Xinzheng International
A new cargo terminal at Zhengzhou Xinzheng International Airport has begun to receive shipments as it prepares for full opening.Freight forwarder Dimerco Express said that it had worked with Cathay Pacific on its first flight for the new Zhengzhou North Cargo Terminal at the Henan Province hub.The 160,000 sq m ...
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NewsBolloré Logistics USA appoints new chief executive
Marc Sawaya. Source: Bollore LogisticsBolloré Logistics USA has appointed Marc Sawaya as its new chief executive as the firm looks to build on "positive growth".Sawaya will report to Bolloré Logistics chief executive for the Americas Yves Laforgue and has more than 20 years of experience in supply chain management, including ...
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News
How air passenger traffic impacts cargo capacity
The airfreight industry experienced record high rates in the spring of 2020. Around 45% of airfreight is transported in the belly of passenger planes, but with passenger traffic down, about 75% of airfreight capacity was removed from the market.The world is returning to the skies, but the effects of the ...
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News
Scan Global Logistics targets automotive with AFL acquisition
Fast-growing Danish forwarder Scan Global Logistics (SGL) has acquired an automotive logistics specialist as it targets growth in the sector.SGL today announced the purchase of Germany-based AFL International Logistics and its sister US company American Freight Line.AFL specialises in automotive transport between the European Union and the US.Services include air, ...
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News
Shift back to ocean from air as rates lower and port problems ease
Over the last two years the air cargo industry has benefitted from a modal shift from ocean to air but leading forwarders have indicated that the trend started to reverse in the second quarter.CH Robinson and DHL Global Forwarding said that during the second quarter there was a shift back ...
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NewsDB Schenker expands charter network with South America flights
Credit: DB Schenker/Marc WagenerDB Schenker has expanded its charter operation with flights to South America as it looks to provide stable supply chain operations.The weekly flight leaves Europe on a Sunday night operating on a route of Amsterdam (AMS), New York JFK (JFK) and Miami (MIA) on Monday before reaching ...
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News
DHL airfreight volumes drop but high rates help it achieve positive results
Deutsche Post DHL Group saw a drop in airfreight volumes in the second quarter of 2022, but managed to achieve positive financial results thanks to high market rates and charter demand.Group airfreight revenue for the second quarter of 2022 was €2.8bn, up 40% on the second quarter of 2021, airfreight ...
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NewsMaersk opens its war chest for project firm Martin Bencher
Source: MaerskCash-rich shipping giant AP Moller Maersk has announced the planned purchase of project logistics firm Martin Bencher as part of efforts to expand its supply chain offering.Maersk said the deal has an enterprise value of $61m and will allow the company to launch Maersk Project Logistics.Martin Bencher Group is ...
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News
UK customs says 3,500 firms face losing ability to import
UK customs (HMRC) has warned that 3,500 companies have yet to register for its new import system and could lose the ability to import goods.HMRC said that on October 1 import declarations will change from being processed through the current CHIEF system to the new Customs Declaration Service (CDS).Many businesses ...
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Insights
Forwarder Focus: Looking ahead to a more positive 2023
A recent survey of Airforwarders Association members indicates that while the air cargo business is decelerating after one of the industry's strongest years ever, volumes remain robust, and many predict the first half of 2023 will be relatively positive.Forecasts indicate that airfreight will account for almost 25% of airline revenue, ...
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NewsAirblox grows trading platform with the addition of HPW Cargo
Edip Pektas, founder, Airblox. Photo: AirbloxVietnamese freight forwarder HPW Cargo has become the first Southeast Asian company to join online air cargo capacity trading platform Airblox.Airblox is an online marketplace that enables brokers, freight forwarders, and airlines to trade air cargo capacity in the form of standardised electronic block space ...
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News
DB Schenker sees profits take off despite volume declines
DB Schenker saw its revenues and operating profits rapidly increase in the first half of the year despite a decline in volumes.The company, which was the strongest performing division in the Deutsche Bahn (DB) Group, reported a 35.8% year-on-year increase in total sales to €14.2bn in the first half and ...
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News
K+N predicts ongoing reliance on freighters in air cargo
Kuehne+Nagel (K+N) is expecting freighter capacity to continue to dominate the airfreight market for the coming quarters, while it also has no concern about reports of high inventory levels in the US.Speaking after announcing the company's second-quarter results, K+N chief executive Detlef Trefzger was asked what the impact of the ...
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News
Hong Kong faces more cross-border trucking restrictions
Supply chains operating through Hong Kong are once again facing restrictions on cross-border truck operations due to Covid-restrictions.Freight forwarder Dimerco said that increasing Covid cases around Shenzhen have led to the city reducing daily cross-border truck movements from 3,500 to 1,500.The restrictions began on July 25 and reduce truck capacity ...
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News
Rhenus adds 'carbon-neutral' airfreight service
Rhenus Logistics is introducing a carbon-neutral airfreight service between Germany and Brazil as the first step in its sustainability efforts for air cargo.The programme will offer customers a carbon-neutral consolidation service from Frankfurt (FRA) to São Paulo (SAO).Rhenus will offset the total emissions from the trade lane through the third ...
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News
DSV second quarter income resilient against weakened demand
DSV has reported positive air results for the second quarter of 2022, aided by ongoing oceanfreight disruption and its acquisition of Agility’s Global Integrated Logistics (GIL), against a softening of demand.In the second quarter of 2022, the forwarder's Air & Sea division reported a 102.7% year-on-year increase in earnings before ...
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News
Kuehne+Nagel records strong Q2 airfreight results
Kuehne+Nagel’s (K+N) air logistics division has recorded robust results for the second quarter of 2022 despite the recent market slowdown.The air division's second-quarter net turnover was SFr3.2bn, up 37% from the same period of 2021, earnings before interest and tax (ebit) was SFr401m, 65% up year on year and air ...
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NewsK+N's former Russian business to be renamed Noytech Supply Chain Solutions
Perry Neumann. Source: Noytech Supply Chain SoultionsKuehne+Nagel's (K+N) former Russian business will be run under the name Noytech Supply Chain Solutions after being acquired as part of a management buyout.Air Cargo News sister title DVZ reports that former K+N employee Perry Neumann has purchased the business, which has 24 branches ...
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News
Kuehne+Nagel adds new pharma charter product
Kuehne+Nagel has launched a new healthcare solution that will offer capacity on its air cargo charter flights out of Liege.The new MedConnex service aims to address constraints in terms of airfreight capacity, especially for cargo that requires specialised handling and transportation such as temperature-controlled and GDP-compliant shipments.The service will utilise ...
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News
Rates predicted to stay high despite a muted air cargo peak season
Transportation rates are expected to stay above pre-pandemic levels for the foreseeable future despite the recent slowdown in demand.Seko Logistics chief growth officer Brian Bourke said that demand had slowed this year compared with 2021 and that the constant peak season experienced over the last two years has been replaced ...