All Freight Forwarder articles – Page 79
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News
DHL lands luxury brands logistics contract with Holt Renfrew
Holt Renfrew, Canada’s luxury brands retailer, has chosen DHL Global Forwarding DHL as its sole logistics provider for airfreight and customs brokerage services.DHL Supply Chain, the Americas contract logistics business within Germany’s Deutsche Post DHL Group, will also be part of the new partnership, providing warehousing and other expertise.The new ...
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Germany retains top spot in Global Performance Index by World Bank
Germany has retained its pole position in the 2018 Logistics Performance Index (LPI) published by the World Bank.The biennial survey ranks countries through six criteria, including Customs and border management clearance, and the quality of trade and transport related infrastructure.While Germany came top in 2018 for the third time in ...
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Panalpina swoops on another perishables forwarder while profits rise in Q2
Panalpina has again expanded its perishables network with the acquisition of a majority stake in South African firm Skyservices, while it has also announced its results for the second quarter.The Switzerland-headquartered forwarder said the acquisition of Skyservices gives it a presence in Johannesburg and Cape Town. Details of the deal ...
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K+N sees airfreight volumes grow ahead of the market in Q2
Kuehne+Nagel (K+N) recorded an above market increase in airfreight volumes in the second quarter of the year, while overall group profits were also on the rise.The Switzerland-based freight forwarder saw its airfreight volumes increase by 15.7% year on year during the April-June period to 441,000 tonnes compared with overall market ...
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BIFA appoints Susanne Oud to board of directors
UK forwarder group the British International Freight Association (BIFA) has announced that Susanne Oud has joined its Board of Directors, replacing Roy Baker who has stepped down having been on the trade association's Board since 2005.Oud is operations director EMEA - verticals at BIFA member company, OIA Global, and is ...
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Forwarder Dimerco targets India growth after MTO accreditation
Taiwan-based Dimerco has been awarded Multimodal Transport Operator (MTO) status in India, which it says will open up "new opportunities for growth" in the subcontinent.The MTO license will allow forwarder Dimerco to provide extended services to shippers, moving cargo from any land point in India to and from any destination ...
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FIS publishes first airfreight futures forward curve
Freight Investor Services (FIS), which specialises in shipping derivatives, has published the first airfreight forward price curve, "beginning a new era of risk management in this $70bn freight market".FIS has spent 12 months working with index provider TAC Index to develop a "robust methodology" for the airfreight market which accounts ...
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Panalpina opens technology test bed logistics centre in Singapore
Logistics supplier Panalpina has opened a purpose-built logistics center in Singapore, constructed over six floors and with 25,800 sq m of usable warehouse space.Speaking at the official opening of the facility, Panalpina chief executive Stefan Karlen said: “Singapore is a very important consolidation hub for ocean and airfreight. The nation-state ...
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K+N to open pharma logistics hub in Chile
Kuehne+Nagel (K+N) will open a pharma logistics hub in Santiago de Chile next month (August 2018) to benefit the growing pharma & healthcare industry in South America.The dedicated warehouse provides K+N’s temperature-controlled, door-to-door KN PharmaChain global network with an increased regional footprint.Ingo Goldhammer, president of K+N South & Central America, ...
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CMA CGM obtains regulatory green light for 24.9% stake in CEVA
CMA-CGM, the world's third largest container shipping group, has obtained all regulatory approvals to complete its 24.99% shareholder investment in supply chain specialist CEVA Logistics.CMA CGM made a strategic investment in convertible securities issued by CEVA in a concurrent private placement at the time of CEVA's initial public offering (IPO) ...
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TRACY is listening to GEFCO's customers
European logistics provider GEFCO is pioneering TRACY, a voice-activated shipment tracking tool for customers using smart speaker technology and logistic software, Cargowise.GEFCO’s freight forwarding division, which handled around 77,000 airfreight shipments in 2017, developed TRACY for customers requiring real-time monitoring of high-priority consignments.Supply chain operator GEFCO, a finished vehicle logistics ...
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Tigers grrrrows in Germany
Tigers has opened a new office at Frankfurt Airport to act as a gateway for Europe by creating airfreight consolidation products, starting with the trade lane between Germany and South Africa.The Hong Kong-headquartered e-commerce specialist’s third office in Germany is headed by Marc Acksteiner and offers international freight forwarding and ...
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CEVA set to refinance its debts with a $400m private offering
CEVA Logistics is set to go to the markets with a proposed $400m private offering to refinance its existing debt facilities and may seek a further $35Om "at a later stage".The Switzerland-based supply chain company also plans to enter into a new $600m Senior Revolving Credit and Ancillary Facility (RCF) ...
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SEKO adding flagship facility close to Heathrow as UK business booms
SEKO Logistics is investing in a new flagship airfreight and omni-parcel services facility close to London Heathrow airport as the logistics group’s UK revenues are set to top £100m for the first time.With an eye on Brexit, when the UK leaves the European Union, US-based SEKO said that Heathrow will ...
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Inefficient supply chains cost UK businesses £1.5bn per year
Inefficient supply chains and miscommunication in air and oceanfreight are costing UK businesses £1.5bn per year, according to a new study.The research, published by digital freight forwarder Zencargo, found that processing each shipment takes on average three hours, with 50,000 jobs tied up in procurement, managing suppliers and freight administration.Red ...
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Geodis builds on French e-commerce with e-tailer Cdiscount
Geodis and Cdiscount are expanding their logistics partnership by opening an 80,000 sq m storage facility in Moissy-Cramayel to manage products weighing less than 30 kg sold by the French e-commerce leader.As part of its development strategy, Cdiscount entrusted Geodis with the operation of its new logistics platform in the ...
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CEVA renews and expands $100m logistics contract with tech customer
CEVA Logistics has renewed a global freight management contract with an unnamed technology customer and has been awarded important additional services in air and ocean freight. The Switzerland-headquartered logistics provider estimates that existing and new business will "exceed $100m of revenue" over the next twelve months, depending on actual volumes ...
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Bolloré Group signs partnership deal e-commerce giant Alibaba
Conglomerate Bolloré Group has signed an agreement with e-commerce firm Alibaba Group covering logistics and several other areas.The companies signed an extensive Memorandum of Understanding outlining the areas in which their respective business units and subsidiaries, including Alibaba Cloud, Cainiao Smart Logistic Network, Bolloré Logistics and Blue Solutions, have agreed ...
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German teamwork is the goal for the nation's air cargo industry
Germany’s airfreight industry has called for closer cooperation and teamwork with regulators to increase digitalisation in the European country's air cargo logistics.Matthias von Randow, managing director of the Federal Association of German Air Traffic Industry (BDL), told a symposium in Berlin that a “significant increase in demand” meant that airfreight's ...
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DHL: Digging for Hanover–Langenhagen
DHL Freight, the trucking arm of the German-owned global logistics giant, has celebrated the groundbreaking ceremony for its new freight hub in Hanover–Langenhagen, Germany.The freight centre on the 63,000 sq m site will not only will handle freight for DHL Freight’s European network, but will also test innovative technologies and ...