All Freight Forwarder articles – Page 73
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News
Zhengzhou logistics firm to establish North American base at Edmonton International
Chinese logistics firm EHL has selected Canada’s Edmonton International (EIA) as its North American hub.The company will utilise the airport and nearby logistics facilities to transport and consolidate goods including e-commerce, moving between China and North America.EHL will transport cargo between Zhengzhou and Edmonton, and continue to the US mainlandAn ...
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Romaine Seguin named president of UPS Global Freight Forwarding
Romaine Seguin has been appointed president of UPS Global Freight Forwarding.The role will require her to oversee air, ocean and rail freight forwarding as well as brokerage and supplier management throughout the global UPS network.Seguin said: “I look forward to working with the Global Freight Forwarding team to continue addressing ...
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Forwarder Senator continues to expand freighter operation
Freight forwarder Senator International has added another freighter flight to its operation, this time flying between Frankfurt-Hahn and Johannesburg.The two-flights-per-week service took off for the first time on November 4 and will utilise a Boeing 747F, with capacity of 100 tonnes per flight.Senator said it decided to launch the flight ...
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Panalpina achieves GDP standard in Singapore
Panalpina has obtained Good Distribution Practice (GDP) certification for its new logistics centre in Singapore.The GDP quality assurance standard includes stringent requirements for the handling, storage and distribution of pharmaceuticals.The number of Panalpina locations globally with GDP certification now stands at 32.The GDP certificate was issued by Singapore’s Health Sciences ...
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Priority Freight achieves full AEO status at Heathrow
Time-critical logistics Priority Freight has acquired Authorised Economic Operator Full (AEOF) status for its London Heathrow (LHR) operations.The ‘full' AEOF status demonstrates adherence to both globally recognised customs standards and the appropriate security and safety standards in place to protect the international supply chain.By operating with AEOF, Priority Freight will ...
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Could DB revive plans to sell a stake in its Schenker forwarding business?
Deutsche Bahn (DB) could again consider the sale of a stake in its forwarding and logistics business Schenker as it looks to raise money for investment in its rail business.DB chief executive Richard Lutz recently told journalists in Frankfurt one way of potentially raising funds could be to launch an ...
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Damco profits focus sees Q3 airfreight revenues and volumes down
Damco, the logistics arm of Danish shipping giant Maersk, saw 2018 third quarter (Q3) airfreight revenues decrease 2.6% to $152m, with reduced volumes of 9.1% to 46,000 tonnes.The interim Q3 report said that the falls were "mostly through customer deselection and industry challenges in the fashion and consumer vertical out ...
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Forwarder Flexport expands management team
Freight forwarder Flexport has appointed three new people to its management team as it looks to continue to grow.Sudhanshu Priyadarshi has been appointed chief financial officer, Huey Lin is president of Asia, and Jeff Thomas as chief marketing officer.Priyadarshi will lead all financial operations for the company. He has more ...
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CEVA earnings hit by Italian contract logistics problems
CEVA Logistics saw 2018 third quarter (Q3) and year to date (YTD) revenues hit by problems at its Italian contract logistics arm.CEVA, whose board rejected a $1.5bn takeover approach by Danish logistics operator DSV in mid-October, reported adjusted EBITDA of $55m for Q3 and $198m YTD, down $27m and $8m ...
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Geodis launches online price benchmarking platform
Freight forwarder Geodis has launched an online market place that will allow users to compare and benchmark carrier prices by tradelane.The online platform, named Upply, will initially offer users the ability to benchmark their road, air and sea rates by searching trade lanes individually, or automatically by uploading a range ...
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DHL's Resilience360 supply chain platform bags $21m venture capital investment
Resilience360, DHL’s cloud-based supply chain risk management platform, is to receive a $21m investment from Columbia Capital.A joint statement said that the US-based venture capital group has a long history of investing in and scaling “high growth and disruptive technology companies”.Columbia Capital’s team will take an active role “in pursuing ...
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To boldly go: Volga-Dnepr and Bolloré deliver module for space programme
Volga-Dnepr Airlines and forwarding partner Bolloré Logistics have delivered the first European Space Module (ESM) for a programme that will take astronauts beyond low Earth orbit in 2022.The 14-ton module, transported in a special container to maintain precise temperature and pressure conditions, as well as 10 tons of supporting equipment, ...
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Agility sees revenues improve on strong airfreight performance
Strong airfreight performance helped drive a 10% increase in third-quarter revenues at Kuwait-headquartered logistics firm Agility.The company saw total revenues for the period reach KD394.4m ($1.3bn), while earnings before interest, tax depreciation and amortisation (ebitda) was up 14.8% year on year to KD39.2m and net profits reached KD20m, up 12.3% ...
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Dachser offers peak season charters
Freight forwarder Dachser is again organising peak season freighter charters for the Frankfurt—Shanghai—Frankfurt route, offering customers in central Europe and China weekly round trips.Timo Stroh, head of global airfreight at Germany-headquartered Dachser, said: “We are expecting this year’s peak season to be another strong one for airfreight."Having our own charter ...
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Heathrow's cargo community is cutting truck delays
Heathrow's cargo community is winning the battle against peak-time truck delays as the AIS (Advance Information System) gains traction among forwarders, cargo terminal operators and airlines at the UK airport.And with reports of "significant reductions" in dwell time for trucks and £200 savings in driver costs, there is a now ...
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DHL sees airfreight volumes decline despite revenue improvement
The world’s largest airfreight forwarder DHL Global Forwarding continued to see airfreight volumes tumble during the third quarter of the year, but still managed to record improvements in revenues and gross profits.The Bonn-headquartered forwarder saw total airfreight volumes decline by 5.2% year on year during the third quarter to 529,000 ...
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Expeditors warns of airfreight rate volatility as profits hit new highs
US freight forwarder Expeditors has warned of increasing volatility in airfreight rates as it reports record profits for the third quarter of the year.The company saw third-quarter revenues increase by 16% year on year to $2.1bn, while earnings before interest and tax were up 9.4% on a year earlier to ...
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New managing director for Geodis Freight Forwarding Germany
Freight forwarder GEODIS has appointed Antje Lochmann as the new managing director of its German business.She took up the role on November 1 and is based in Hamburg. Lochmann joined GEODIS in 2011 and has held several positions, where she was responsible for sales, marketing, key accounts, tender management, and ...
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XPO Logistics achieves ‘robust’ growth in Q3
US-based XPO Logistics saw its third-quarter revenue increase by 11.5% over the same three months of last year, to $4.3bn.Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose from $369.6m in the third quarter of 2017 to $414.9m for the same period of this year.The Connecticut-headquartered company’s logistics segment ...
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BIFA voices concern over potential hard-Brexit budget upgrade
The British International Freight Association (BIFA) has voiced mixed views on the UK budget, saying that while its freight forwarder members will welcome some announcements, the ongoing uncertainty over Brexit continues to overshadow the issues covered.Chancellor Phillip Hammond's budget promised investment in roads and a freeze on fuel duty – ...