All Freight Forwarder articles – Page 63
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News
Carousel wins AEO status
Carousel Logistics, which specialises in the transport of parts and products for high-performance industries across Europe, has obtained Authorised Economic Operator (AEO) status for two of its business units, enabling them to accelerate import and export procedures and facilitate just-in-time logistics solutions in the event of a ‘no-deal’ Brexit.AEO certification ...
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News
Technology tops forwarders’ agenda, says IAG Cargo
IAG Cargo, the freight arm of UK-headquartered International Airlines Group, has carried out a survey of more than 400 freight forwarders in 47 countries, which reveals that more than half (55%) of respondents see increased automation and digitalisation as “key trends” this year.The report, Cargo Next, indicates that 70% of ...
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News
DSV Air & Sea sets up Pittsburgh branch
DSV Air & Sea has opened a new office in Pittsburgh, Pennsylvania – its 36th branch in the US.Located near the city’s international airport, it will offer air and sea freight services, customs clearance and DSV’s cargo insurance products.DSV now has more than 50 facilities across the US that offer ...
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News
CH Robinson: overall solid performance masks modal differences
Third-party logistics provider CH Robinson achieved net revenue of USD695.2m during the second quarter of 2019, up 3.5% year-on-year, in what chief executive Bob Biesterfeld described as a "solid performance".However, a breakdown according to different business areas reveals a mixed picture. While the strength of CH Robinson’s North American trucking ...
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News
Forwarders move into finance
Freight forwarders are trading air cargo derivatives in an effort to offset the volatility of the spot market during the low season, according to Freight Investor Services (UK) – FIS.Since FIS launched the Air Freight Forward Agreement (AFFA) market in July, several leading forwarders have been using futures to hedge ...
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News
time:matters expands Africa reach
Express logistics provider time:matters has opened a new hub in Brussels and expanded its coverage in Africa, offering 81 direct flights between the Belgian city and 16 African destinations every week with immediate effect.The company is using Brussels Airlines’ network to offer transportation of time-critical shipments to Abidjan, Accra, Banjul, ...
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News
DB Schenker extends connect 4.0 to USA
DB Schenker has expanded the reach of its connect 4.0 online shipping portal to the US.According to Jeff Barrie, chief executive for DB Schenker USA: “All things being equal, small- to medium-size businesses now can get a quote, book and track a shipment with full online visibility from pickup to ...
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NewsUPS launches My Choice for business
As consumers continue to demand ever-faster delivery and greater visibility in a marketplace driven by e-commerce, UPS has launched its new UPS My Choice for business service.The tool is the first visibility and tracking solution in the US that has been designed specifically for small and medium-sized businesses (SMBs), and ...
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News
Geodis sets out new ambitions
Multimodal freight forwarder Geodis says it has brought its first five-year strategic plan, Ambition 2018, to a “favourable” close.Noting its annual turnover of €8.2bn, the firm’s chief executive, Marie-Christine Lombard, said: “The year 2018 has proven to be a good year for Geodis, which has delivered strong financial results, as ...
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NewsFlexport launches trade finance solution
Flexport is launching a trade finance solution that it claims will help companies alleviate capital constraints caused by the US-China tariffs.Flexport said that because all client shipments are managed on its digital platform, with data down to the SKU level, it views risk differently than a bank would because it ...
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News
Keep calm and cargo on: Heathrow strikes called off
The UK’s air cargo industry is set to run smoothly this weekend after planned strikes at London's Heathrow Airport, scheduled to happen on July 26-27, were postponed.The strikes could have caused significant disruption to UK air cargo operations, in addition to many other flights and services at Heathrow.In response to ...
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NewsK+N airfreight volumes fall 5.8% in first half 2019
Kuehne + Nagel (K+N) saw first half 2019 airfreight volumes fall 5.8% to 813,000 tons, blaming “stagnating markets” in some key industries and an “under pressure” global air cargo sector hit by growing trade barriers.At SFr174m, K+N’s airfreight division saw its EBIT down by 4.4% compared to the 2018's like ...
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News
Flexport switches freighter flights to new operator
Freight forwarder Flexport has switched its transpacific air charter operation from Western Global to a service run by Plus Logistics, a Nippon Cargo Airlines (NCA) subsidiary, and Atlas Air.A spokesperson for the company said that the switch was made on July 8 without a single missed flight. Atlas Air operates ...
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NewsPanalpina: Airlines to tighten capacity in a weaker 2019 peak season
Airfreight’s 2019 second half peak season will be weaker than 2018 and 2017, with airlines managing capacity more tightly in an attempt to lift rates.That is the view of Panalpina’s global head of airfreight, Lucas Kuehner, who was commenting on an estimated 5% second quarter fall in 2019’s global airfreight ...
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News
Cargo-partner to expand with new offices
Logistics firm cargo-partner is expanding with new offices in Australia, the UAE, Austria and Malaysia as it pursues organic growth.The most recent addition in cargo-partner’s global presence is Melbourne, Australia, which became fully operational as of July 15.In Malaysia, the company has taken up operations with a sales and customer ...
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NewsJF Hillebrand appoints new CFO
Beverage industry logistics firm JF Hillebrand has appointed Jeroen Visser to succeed Thorsten Beer as group chief financial officer and executive board member.Visser joins from family-owned retail company Blokker Holding where he held the position of group CFO. He has also held various senior level finance roles at Air France-KLM ...
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NewsPanalpina sees airfreight increase despite competitors targeting its customers
Panalpina recorded an increase in airfreight volumes in the first half of the year despite competitors targeting its volumes and the overall market downturn.The freight forwarder recorded a 5% year-on-year increase in first-half airfreight tonnage to 512,000 tonnes thanks to acquisitions, while air revenues declined by 2.6% to SFr1.5bn and ...
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NewsGeodis expands at Schiphol to meet growing demand
Image: GeodisGeodis Netherlands has opened a new airside gateway at Schiphol airport to help expedite the processing of cargo through the Dutch hub and meet increasing demand.The Geodis Amsterdam Gateway comprises 2,500 sq m of warehouse and office space and is located directly next to the airport’s runway.The company said ...
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NewsAgility on a growth trajectory despite market slowdown
Michael BlaufussMichael Blaufuss’ CV reads like a Who’s Who of the freight forwarding industry over the last 30 years, but surprisingly he has only really worked for two different companies.Blaufuss is currently Agility Global Integrated Logistics (GIL) senior vice president of airfreight but began his career in logistics in 1989 ...
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NewsSEKO expands in Chicago with new hub
SEKO Logistics' new Chicago facilitySEKO Logistics has opened a new facility in Chicago following its January acquisition of freight forwarder GoodShip International.The new facility is three times the size of the existing SEKO hub in the US city will act as "a cross border e-commerce parcel processing hub" for "its ...