All Freight Forwarder articles – Page 31
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NewsNippon Express expands in Malaysia
Photo: Nippon ExpressNippon Express Malaysia has opened a new warehouse in the Free Commercial Zone (FCZ) of Malaysia's Kuala Lumpur International Airport (KLIA).This investment in the “DFTZ” 5,900 sq m warehouse will enable the Malaysian subsidiary of Japan-based freight forwarder Nippon Express to expand its work and cargo storage space.The ...
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NewsWhen will air cargo's supply-demand balance return to pre-Covid levels?
The air cargo market could see its supply-demand balance return to pre-covid levels in 2025, although that prediction comes with a plethora of caveats.Speakers at the Nordic Air Cargo Symposium were tasked with taking a look at air cargo’s road to recovery and they concurred that industry turbulence was set ...
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News
AFKLMP's SAF programme continues to grow
Air France KLM Martinair (AFKLMP) Cargo is growing its sustainable aviation fuel (SAF) programme.Morgan Cargo Limited South Africa and Morgan Cargo Kenya have joined what is believed to be the world´s first SAF programme for the airfreight industry, launched by AFKLMP Cargo in December 2020.Notably Morgan Cargo is the first ...
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News
CMA CGM acquires GEFCO after Russia's RZD sells its stake
Shipping group CMA CGM has acquired 100% of the shares of automotive logistics business GEFCO, which was until recently 75% owned by Russian Railways RZD and 25% by car company Stellantis.The shipping company said that the deal would ensure the continuity and long-term stability of GEFCO and strengthen the range ...
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NewsShipping giant Maersk launches new air cargo business
Maersk B767-300F. Source: AP Moller MaerskShipping giant AP Moller Maersk has launched its new air cargo business as it looks to meet customer demand for supply chain security.The company, which owns the world's largest container shipping line, said that its new Maersk Air Cargo business will be operational in the ...
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NewsAIT Worldwide Logistics expands to India
Greg Weigel. Photo: AIT Worldwide LogisticsGlobal freight forwarder AIT Worldwide Logistics has opened a new office in Mumbai, India that is the first of multiple AIT facilities slated to open in strategic locations across India in 2022 and beyond.According to AIT’s chief business officer, Greg Weigel, expanding the company’s worldwide ...
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Insights
Supply chain spotlight: Ukraine crisis adds to heavylift constraints
In his latest Air Cargo News column, Brandon Fried, executive director of the US Airforwarders Association, looks at how the Ukraine crisis will impact the air cargo industry.The Ukraine crisis continues to upend the lives of 44m citizens, bringing unspeakable horror as the rest of the free world looks on ...
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InsightsU-Freight predicts “erratic pricing” ahead for airfreight
U-Freight America’s Rick Keller tells Roger Hailey that block space agreements are out and spot rates are resulting in instability for air cargo costs, but there are still opportunities for savvy forwarders.It has been a difficult two years for supply chain partnerships in the air cargo business. Bellyhold capacity plunged, ...
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News
Geodis strengthens logistics presence in Asia with acquisition
Logistics company Geodis has signed a binding agreement to acquire Keppel Logistics to boost its contract logistics presence and e-commerce fulfillment services in Singapore and Southeast Asia.Based in Singapore, Keppel Logistics is a contract logistics specialist with close to 500 employees. Active throughout Southeast Asia, Keppel Logistics owns over 200,000m2 ...
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News
Bolloré agrees €5.7bn deal to sell African logistics business
The Bolloré Group has agreed to sell its African logistics business to container shipping giant MSC in a deal with an enterprise value of €5.7bn.The two companies entered discussions over the sale in December and, following the favourable opinions issued by each of the employee representative bodies, the two companies ...
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NewsLufthansa Cargo and cargo.one debut auto assigned AWBs
Source: cargo.oneLufthansa Cargo and cargo.one have launched a joint initiative that removes the prerequisite for freight forwarders to hold valid Air Waybill (AWB) stock before making an air cargo booking.cargo.one users can now book Lufthansa Cargo’s global capacities and have an AWB automatically assigned.Freight forwarders using cargo.one to book shipments ...
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NewsPlatform tackles new house air waybill requirement at Frankfurt
Photo: Fraport GroupForwarders and handlers have reported faster processing for import consolidations following the implementation of a new platform at Frankfurt Airport that aims to tackle new house air waybill requirements.The new FRA-OS import platform from Dakosy, which tracks shipments electronically on the airport premises, was put in place following ...
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News
US Airforwarders back ocean shipping reform bill
The US Airforwarders Association (AfA) is backing the proposed Ocean Shipping Reform Act of 2022 that it claims will address ongoing port disruption.The association has signed a stakeholder letter that backs the implementation of the reform act as many of its members are full-service freight forwarders offering a variety of ...
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NewsEV Cargo expands in air cargo with Fast Forward acquisition
Heath Zarin. Source: EV CargoEV Cargo has acquired Netherlands-headquartered Fast Forward Freight in a move that will more than double the firm's annual airfreight volumes.The company - owned by Hong Kong-based private equity firm EmergeVest - said that the acquisition is part of its previously announced corporate strategy to expand ...
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NewsDimerco launches China-Mexico air-road service
Source: DimercoFreight forwarder Dimerco is offering a new China to Mexico bonded air-road service via the US as it looks to meet a lack of direct freight flights on the route.The new Air+Road service utilises airfreight from China to either Los Angeles or Dallas and then cross-border trucking to transport ...
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News
China supply chains hit as lockdowns are rolled out
Supply chain and logistic operations out of China face further pressure over the coming weeks as a series of new lockdown measures have been put in place in Shanghai and Shenzhen.Shenzhen - a city of 17.5m people with a large manufacturing base - has gone into lockdown for at least ...
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Newscargo.one digital aids helps freight forwarders plan for change
Flight Operating Status Dashboard. Photo: cargo.oneA new “Flight Operating Status Dashboard” has been launched by cargo.one for freight forwarders as supply chain pressure grows with the impact of the Ukraine invasion.The purpose of the free tool is to provide forwarders with the latest schedule updates so they can quickly keep ...
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NewsDHL orders more B777s while forwarding loses top spot in air cargo
B777 freighter. Photo: DHLDHL Express has placed an order for six additional 777 freighters from Boeing as Deutsche Post DHL Group closed 2021 with record earnings.The purchase takes DHL Express' order book total to 28 777 freighters since it placed its first direct order in 2018. The express giant has ...
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News
Expeditors continues recovery following cyber attack
Expeditors is continuing to recover its operations after a cyber attack and expects “that system resumption will continue this week and into the next few weeks ahead".The company, which first reported that it had suffered a cyber attack on February 20, anticipates that its enterprise brokerage system will begin to ...
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News
Major forwarders suspend Russia operations
The world's leading four airfreight forwarders have all announced a suspension of services covering Russia.The move comes as transport operations face disruption due to sanctions and restrictions put in place as a result of the Russian invasion of Ukraine.In a customer advisory, Kuehne+Nagel said that most carriers - across land, ...