All Freight Forwarder articles – Page 5
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News
Forwarders and shippers push for longer term air cargo deals
Freight forwarders and shippers are continuing to push for longer term air cargo deals as they look to avoid potential rate hikes due to the risk of supply chain disruption.A half-year market report from analyst Xeneta shows that contracts of more than six months accounted for 54% of the market ...
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Reports: DSV and CVC bid €14bn for DB Schenker
DSV and a private equity consortium led by CVC have reportedly individually put in binding bids of around €14bn for DB Schenker.This is according to people familiar with the matter, Bloomberg has reported as the race to buy Deutsche Bahn’s freight forwarding subsidiary has narrowed to just the two bidders ...
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Bangladesh air cargo logjams ease but delays still expected
The Bangladesh air cargo market continues to report delays to shipments following weeks of protests but the situation is beginning to ease.At the height of the protests, cargo was taking around 10 days to be exported out of Dhaka Airport to the US and Europe.Maruf Khan, the chief operating officer ...
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NewsDB Schenker expands digital booking capability with cargo.one partnership
Credit: DB Schenker/Michael NeuhausDB Schenker has expanded the number of airlines it has digital connectivity to for online bookings through a new partnership with cargo.one.The forwarder has in recent months been creating API connections with a series of its airline partners as it looks to create efficiencies in the booking ...
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NewsAir Cargo Forum event to go annual
Source: Shutterstock.comTIACA's Air Cargo Forum event will become an annual event from 2025.The event - one of the largest in the calendar - has until now been biennial but the air cargo supply chain organisation today announced the move to an annual setup.TIACA said the event will rotate between Miami ...
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News
Expeditors: Buy rates put pressure on profits in erratic Q2
Expeditors saw its profits decline in the second quarter of the year despite increases in airfreight revenues and volumes.The Seattle-headquartered forwarder saw second-quarter airfreight volumes increase by 15% and air revenues improve by 14.5% to $860.3m. However, airfreight expenses rose by 22.9% compared with last year.There was a similar trend ...
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News
Bangladesh air cargo market faces logjams following protests
The Bangladesh air cargo market faces delays and sky-high rates after weeks of protests against the government and deadly clashes between police and demonstrators.Reports suggest the situation in the country today appears to be easing after prime minister Sheikh Hasina yesterday resigned and fled the country.However, the air cargo market ...
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InsightsAutomotive: Driving air cargo success
For air cargo carriers and forwarders who handle automotive logistics alike, there is plenty of business to be done in this specialised segment of the airfreight sector, but there are also challenges to be overcome.Lufthansa Cargo, part of Germany’s national flag-carrier airline group, is one of the carriers that transports ...
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News
Air cargo rate increases on major Asia trades taper off in July
Airfreight rates on key trade lanes out of Hong Kong were largely flat in July compared with June but they continue to be higher than a year ago.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong to Europe in ...
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News
DSV and Dimerco warn of tight peak out of Asia despite freighter moves
DSV and Dimerco are warning of tight capacity out of Asia for the peak season despite carriers re-allocating capacity from trades with overcapacity.In a market update, Taiwan-headquartered forwarder Dimerco said it was important for customers looking to ship from China to the US and Europe to plan for the fourth ...
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NewsXeneta: strong demand for air cargo drives higher spot rates
The quicker than expected recovery to July’s global IT outage meant that there was no significant ongoing disruption to rates amidst ongoing strong demand for air cargo, according to the latest market analysis from Xeneta.Airfreight rates rose for a sixth consecutive month, with global average air cargo spot rates reaching ...
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News
CMA CGM completes sale of Bolloré Logistics’ operations in French Overseas Territories
The CMA CGM Group has completed the sale of 100% of subsidiary Bolloré Logistics’ activities in Guadeloupe, Martinique, Saint-Martin, French Guiana, and Polynesia to the Balguerie Group.The Marseille-headquartered shipping giant was required to sell operations in the French Overseas Territories by the European Commission and the Polynesian Competition Authority as ...
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NewsDHL air volumes up in the second quarter but profits slide
Source: DHL GroupDHL Group saw its air and ocean freight volumes rise in the second quarter of this year, contributing to a slight increase in year on year group revenue.The express and logistics giant registered a 5.3% increase in air volumes to 437,000 tons in the second quarter, while its ...
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NewsK+N uses SAF to minimise Mercedes-Benz carbon footprint
Jörg Burzer (L) and Heiko Schuhmacher (R) Source: Kuehne+NagelSupply chain services provider Kuehne+Nagel (K+N) has pointed to its use of sustainable aviation fuel (SAF) in supporting Mercedes-Benz’s logistics chains into the US for over a year as helping the Germany-headquartered automotive manufacturer to lessen its CO2 emissions by approximately 11,000 ...
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News
Kuehne+Nagel eases back on cost cutting programme
Kuehne+Nagel has scaled back its cost-cutting programme as it responds to changing market conditions.The forwarder had originally estimated annual restructuring cost savings net of inflation of around CHF200m, but this has now been reduced to around CHF100m.Speaking on a conference call following its half-year results announcement, the forwarder's chief financial ...
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Logistics UK welcomes Scottish government's aviation statement
Supply chain organisation Logistics UK has broadly welcomed the Scottish government's latest aviation statement, although it would like to see more ambitious targets for the development of Sustainable Aviation Fuel (SAF).The Aviation Statement sets out actions the Scottish Government will take to help grow Scotland’s international connectivity, secure lifeline services ...
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News
DB Schenker the bright spot for Deutsche Bahn
DB Schenker was the star performer for loss-making Deutsche Bahn in the first half of the year despite operating profits and revenues coming under pressure.The German forwarder registered a 6.6% year on year decline in first-half revenues to €9.4bn, while adjusted earnings before interest and tax declined 16.9% to €520m ...
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News
Asyad Group acquires Skybridge Freight Solutions
Oman-headquartered logistics provider Asyad Group has acquired Dubai-based multimodal freight forwarder Skybridge Freight Solutions (SFS) to grow the geographical scope of its business.Established in 2007, SFS offers freight forwarding services across air, sea and land in addition to warehousing and distribution.The company caters to a diverse array of major industries ...
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NewsAPAC demand lifts DSV airfreight volumes
Increased demand for airfreight out of Asia Pacific (APAC) helped DSV up its air cargo volumes in the second quarter of this year.DSV's airfreight volumes increased 10% year on year in the second quarter to 349,076 tonnes compared to 316,456 in the same period last year."The increase was mainly driven ...
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NewsForwarders warned over IATA DG certification
Source: WidsPX/Shutterstock.comUK freight forwarders are being told to make sure their IATA Dangerous Goods Regulation (DGR) certification is up to date on the IATA portal.Forwarder association BIFA issued a warning to its members that their IATA DGR training certificates must be uploaded to the IATA portal or they will be ...