All Freight Forwarder articles – Page 38
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News
Scan Global to acquire Orbis as it continues rapid expansion
Scan Global Logistics (SGL) has entered into a binding agreement to acquire New Zealand forwarder Orbis Global Logistics as it targets a top 15 spot in the air cargo market.SGL said the deal, which is set to be completed on October 5, will "significantly strengthen its position in the Pacific ...
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NewsDSV Panalpina extends cargo charter network as it prepares for “peak of peaks”
DSV Panalpina has this week launched a new air cargo charter network covering four continents as it prepares for the “peak of peak seasons”.The new network offers flights between Hong Kong, Zhengzhou, Istanbul, Liege, Chicago Rockford and São Paulo’s Viracopos.The service, dubbed Globetrotter, will be run utilising a dedicated nose ...
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InsightsAir cargo revs up for changing automotive market
The airfreight industry is adapting its solutions to support the automotive sector, as more vehicles on the roads are electrified.The automotive sector will see more change in the next two years than it has in the last 20 to 25 years, according to Dave Dudek, executive vice president, global automotive ...
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NewsGeodis leases aircraft to combat capacity crunch
Source: GeodisGeodis has continued to expand its airfreight operation to combat capacity shortages by leasing an aircraft for the first time.The branded A330-300 converted freighter will operate between Amsterdam, London, Chicago and Hong Kong, while China-Europe flights will be added for the peak season starting September.The move comes in response ...
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NewsBaxter Freight aims for expansion after strong first half
Source: Baxter FreightBaxter Freight will continue its recent recruitment drive after reporting an increase in revenues at the half-year point.The Nottingham UK-based logistics firm saw revenues reach £12.9m in the first half, up from £7.7m a year ago. For the full year, the company expects revenues to reach £28m against ...
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News
Jas Worldwide to acquire Greencarrier Freight Services
Jas Worldwide has signed a share purchase agreement to acquire Swedish-headquartered forwarder Greencarrier Freight Services International.Greencarrier Freight Services International — a subsidiary of Greencarrier Group — offers freight forwarding, logistics, and supply chain management services. It has a presence in 11 countries and has a team of 800 employees.Jas Worldwide ...
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News
No plans to sell DB Schenker as DSV rumours resurface
DB Schenker has said there are no current plans to sell the company as rumours of DSV Panalpina's interest in the Deutsche Bahn-owned forwarder resurfaced.Earlier this week, DSV Panalpina chief financial officer Jens Lund told Danish publication Shipping Watch that the company would be interested in holding talks with state-owned ...
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News
DP DHL to acquire ocean freight forwarder JF Hillebrand
Deutsche Post DHL Group (DP DHL) has revealed plans to acquire ocean freight forwarding expert JF Hillebrand Group and its subsidiaries at an equity value of around €1.5bn.The move follows the company recently admitting that it is taking an "opportunistic approach" to freight forwarding acquisitions, despite the spate of takeovers ...
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News
Air cargo faces China supply chain disruption
New Covid quarantine rules for cargo workers at key gateways in China are putting air cargo supply chains under pressure.Over the last few weeks, Covid cases in China have begun to pick up as the country contends with the contagious Delta variant of the virus.To contain outbreaks, lockdowns and stricter ...
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News
DSV Panalpina targets growth after completing Agility GIL deal
DSV Panalpina has completed the takeover of the logistics arm of Agility - Global Integrated Logistics (GIL) — in a deal with an enterprise value of around $4.8bn.The all-share deal will see Agility gain 8% of the total shares in the combined entity making it DSV Panalpina's second largest shareholder.The ...
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News
DHL to stick with an opportunistic approach to acquisitions
Deutsche Post (DP) DHL will maintain an opportunistic approach to freight forwarding acquisitions despite the spate of takeovers recently announced by some of the company's peers.Speaking after the delivery and logistics giant last week revealed its half year results, DP DHL chief executive Frank Appel was asked whether the company ...
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News
Cargo-partner expands in Australia with ACF move
Cargo-partner has continued its expansion with the purchase of Australia-based forwarder Associated Customs & Forwarding (ACF).ACF is an IATA-accredited service provider for air and sea freight, customs brokerage and contract logistics.The company operates 3,000 sq m of warehouse space in Sydney, including a bonded warehouse with in-house customs clearance as ...
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NewsDB Schenker aims to help start-ups through new business unit
Patric Hoffmann. Source/Credit: DB SchenkerDB Schenker has launched a new division that aims to drive innovation in the sector through partnerships with entrepreneurs and startups.Schenker Ventures will support founders and start-ups with capital, industry expertise, and assets and also partner with venture builder MVP Factory to develop a "venture studio".DB ...
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News
Cathay Pacific caters for garment sector with Pittsburgh flights
Cathay Pacific Cargo has restarted operations to Pittsburgh International Airport (PIT) with twice-weekly pax-cargo flights.The Hong Kong-hubbed carrier re-launched flights on August 2 utilising Boeing 777-300ER passenger planes converted for cargo.The carrier plans to continue serving the US airport through to the end of the year. Cargo onboard the aircraft ...
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News
DHL's airfreight volumes take off in Q2
DHL Global Forwarding saw its airfreight volumes improve by double-digit percentage levels in the second quarter on the back of tight capacity and improved demand.The Deutsche Post (DP) DHL-owned forwarder reported a 9% year-on-year increase in second quarter airfreight revenues to €2bn on the back of a 35.7% improvement in ...
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News
Cargo.one launches in N. America with capacity available from 18 carriers
Digital airfreight booking platform cargo.one has gone live in North America, enabling freight forwarders based in the US and Canada to view and instantly book airfreight capacity in real-time.The platform, which is free for freight forwarders to sign up to and use, offers cargo capacity in North America from 18 ...
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News
WFS expands presence in France with R.A.Hand acquisition
Ground handler Worldwide Flight Services (WFS) has expanded its operations in France with the acquisition of French handler R.A.Hand.R.A.Hand, which has around 60 agency clients, works with French and international freight forwarding companies to provide cargo handling services, storage, distribution and deliveries to airlines.WFS said R.A.Hand was established in 2010 ...
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Insights
Scan Global Logistics targets a top 15 spot in air cargo
Scan Global Logistics (SGL) has revealed ambitious plans to become one of the world’s top 15 airfreight forwarders over the next five years.The Copenhagen-headquartered forwarder’s global chief operating officer for sea and airfreight, Mads Drejer, said SGL is currently in the top 40 air forwarders with volumes of around 100,000 ...
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NewsGeodis set for expansion at Auckland Airport
Source: GeodisFreight forwarder Geodis will move to a new facility at Auckland Airport in New Zealand in response to growth in the market.The company said that the new 5,700 sq m facility will feature temperature-controlled areas to facilitate the optimal storage of pharmaceutical products at 15-25 degrees Celsius as well ...
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News
DB Schenker sees airfreight bounce back
DB Schenker saw its airfreight business bounce back in the first half of the year as its volumes increased by more than 40% thanks in part to an expanded charter network.The Deutsche Bahn-owned forwarder saw its first-half airfreight volumes increase by 43.8% year on year to 712,100 tonnes led by ...