All Freight Forwarder articles – Page 30
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News
Forwarders soon to offer real-time pricing to shippers through WebCargo
WebCargo is in the process of launching a new service that will enable freight forwarders to offer shippers live rate quotations and real-time capacity, and allow shippers to finalise bookings themselves.The new service allows forwarders to send through PDF quotes for the services that the shipper has requested that includes ...
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News
K+N teams up with IAG Cargo on Saf flights
IAG Cargo and Kuehne+Nagel are partnering on the purchase of 8m litres of Sustainable Aviation Fuel (Saf) as they tackle airfreight emissions.The Saf will be manufactured from sustainable waste feedstocks and sourced from Phillips 66's Humber Refinery in Lincolnshire to be delivered over the course of 2022.The partners said the ...
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NewsCMA CGM to invest in AF KLM and partner on freighters
(L) Benjamin Smith, AF KLM and Rodolphe Saade, CMA CGM. Source: AF KLMCMA CGM is planning to purchase a 9% stake in Air France-KLM Group as part of a new partnership that also includes combining their freighter operations.The two firms today announced that they had signed a 10-year exclusive strategic ...
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InsightsNordic air cargo market weathers turbulence
Challenges created by ongoing reduced airfreight capacity and Ukraine war constraints have seen the Nordic air cargo market continue to invest and innovate to meet new challenges, writes Damian Brett.Times have been turbulent for the Nordic air cargo market over the last couple of years.Like much of the industry, companies ...
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News
Maersk completes acquisition of Pilot
Shipping giant AP Moller Maersk has completed its acquisition of US forwarder Pilot Freight Services in a deal worth $1.7bn.As a result of the acquisition, international and domestic supply chain provider Pilot Freight Services will be rebranded to Pilot – A Maersk Company.The transaction price of $1.7bn equals to an ...
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News
DHL airfreight volumes edge up but revenues fly
DHL Global Forwarding saw its airfreight revenues jump in the first quarter of the year despite volumes increasing by a much lower amount.The forwarder's airfreight business saw revenues increase by 55.% year on year to €2.9bn. Gross profits improved by 10% to €488m but volumes were up by just 3% ...
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News
DSV and K+N outline a complex market with higher rates to continue
Kuehne+Nagel (K+N) and DSV highlighted a complex logistics market in their recent quarterly updates, with higher freight rates to stay, softening consumer demand and ongoing supply chain disruption.K+N was the first to reveal its results, with revenues and profits continuing to surge on the back of acquisitions on higher prices ...
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NewsScan Global Logistics targets emissions with SAF deal
Source: Neste/Scan Global LogisticsScan Global Logistics (SGL) is partnering with Sustainable Aviation Fuel (SAF) producer Neste to offer customers the opportunity to reduce their carbon emissions when using airfreight.The freight forwarder said that the agreement means that customers can choose the level of emissions they want to reduce from their ...
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NewsBAFCO joins WACO
Mohammad Aslam Kazi, chairman, BAFCO. Photo: BAFCOGlobal freight management and logistics network The WACO System (WACO) has announced that BAFCO International Shipping and Logistics Co., Ltd. (BAFCO) will be the latest addition to its global freight forwarding network as the representative for Saudi Arabia.Along with services including airfreight, ocean freight, ...
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News
DSV gross profit grows 61% in Q1 2022 bolstered by air and sea freight
Freight forwarder DSV reported gross profit grew 61% in the first quarter of 2022 with the Air & Sea division achieving an EBIT growth of 109%.The Air & Sea division’s revenue amounted to DKr45,887m for the first three months of 2022, compared to DKr22,924m for the same period last year.For ...
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News
Cargo-partner buys UK partner as it expands in western Europe
Logistics firm cargo-partner has fully acquired its UK-based partner, Aztek International Freight, following its purchase of a third of the company in 2021.The move will add two new offices to the cargo-partner network, in East London and Bradford, in addition to the company's existing office in Manchester, and continues the ...
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NewsBolloré to open new Abidjan airport logistics facility
Source: BolloréBolloré Transport & Logistics Cote d’Ivoire will open a new logistics facility close to Abidjan airport.The CFA3.4bn centre will cover a total area of 9,000 sq m and is being developed to support cargo import and exports from the country.The centre is due to open in September and will ...
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News
Dimerco's China-Mexico Air+Road service off to a flying start
Freight forwarder Dimerco's recently launched Air+Road service from South China to Mexico handled more than 70 shipments since its launch.The company said that so far the bonded service, which utilises freighter services from China to either Los Angeles or Dallas and then cross-border trucking to Mexico, has handled 76 shipments ...
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News
Profits continue to soar at Kuehne+Nagel in Q1
Kuehne+Nagel (K+N) saw its overall and airfreight profits continue to soar in the first quarter of the year as supply chains remained under pressure and demand continue to improve.The forwarder reported an increase in airfreight revenues of 91% year on year to SFr3.1bn on the back of a 32.6% increase ...
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NewsAir Cargo News Awards entry deadline approaching
Companies now have just over a week to submit their entries for the Air Cargo News Awards.Those wishing to enter one of our nine awards categories have until May 6 to submit their entries.The awards honour and celebrate those companies that have invested in providing great customer service, operational excellence ...
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News
Davies Turner adds three new board members
UK forwarder Davies Turner has made several additions to the board of directors at its surface freight and logistics subsidiary Davies Turner & Co.Head of ocean, Tony Cole, who leads on Davies Turner & Co’s ocean freight forwarding services, has joined Darren McLaughlan who heads up the subsidiary’s operations in ...
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NewsNE Asia-Europe capacity drops more than 20% due to Ukraine crisis
Air cargo capacity on the north east Asia-Europe trade lane has dropped 22% since the end of February when the Russian invasion of Ukraine began, according to the latest figures from Accenture's Seabury Consulting.The consultant compared capacity on the trade between March 12-18 with February 19-25 as it has taken ...
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NewsBournemouth Airport launches cargo handling operation
The UK’s Bournemouth Airport has launched an air cargo operation with the aim of achieving 35,000 tonnes of throughput by 2025 and up to 50,000 tonnes by 2030.Dedicated cargo handling service Cargo First has been created to grow Bournemouth Airport’s air cargo business, which the south coast of England-based airport ...
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NewsThe logistical challenge of the Ukraine crisis relief effort
The refugee crisis created by the conflict in Ukraine has dominated the headlines and in response there have been an array of aid shipments to countries bordering Ukraine, but the Humanitarian Logistics Association (HLA) warned that this approach needs careful thought.Sarah Schiffling, senior lecturer in supply chain management at Liverpool ...
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NewsKuehne+Nagel charters AN-124 for Ukraine relief flight
Source: Kuehne+NagelKuehne+Nagel (K+N) has chartered an AN-124 from Antonov to carry aid to Ukraine.The AN-124 took off from Sharjah on March 29 carrying 111 tonnes of aid sourced from UNICEF's warehouse in Dubai and landed in Poland the same evening. The goods will then be trucked to Ukraine.The flight was ...