All Freight Forwarder articles – Page 84
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News
CEVA opens new Penang cargo hub
CEVA Logistics has officially opened a new multi-user facility in Penang, Malaysia, close to Penang International Airport.The 70,000 sq ft facility includes temperature-controlled and ambient storage space, office space for in-plant customers, advanced materials handling equipment, an advanced warehouse management system and Customs stationed on-site to facilitate on-time clearance.It is ...
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Air cargo becomes a sellers' market
The boot is on the other foot now. For years, airlines were craving fixed contracts, while forwarders, egged on by their clients, kept shopping around for the bargain of the day.Today it is the forwarders who are desperate to secure lift, as the ad hoc market augurs painfully high prices.“The ...
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SEKO Logistics expands into Mexico with six locations
SEKO Logistics has increased its global footprint with a "massive expansion" in Mexico that will see six locations opened, and 14 more in due course to meet growing client demand in the automotive, retail and aerospace industries.In its first phase, SEKO Logistics Mexico will operate from locations in Laredo/Nuevo Laredo, ...
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Geodis expands pharma logistics role with Biosystems
French freight forwarder Geodis has expanded its contract with Biosystems, the Spain-based pharma and healthcare specialist, to send temperature-controlled reagents and lab instruments to over 35 countries across the world.The two companies have been cooperating for more than 10 years, and this new contract incorporates all new destinations across the ...
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Pangea logs on to Freightalia digital platform
Independent freight forwarder association Pangea Group has signed up to Freightalia’s digital platform for automatic freight quoting and rate management.Pangea Group, with more than 300 freight forwarder members globally, said that Freightalia’s white label platform allows “cargo agencies of any size to take their business online and participate in a ...
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Nippon Express out the 'hanger' with fashion logistics takeover
Japanese forwarder Nippon Express has purchased Italian fashion logistics firm Traconf for €144.5m as it looks to expand outside of its home market and further develop its apparel services.Nippon Express said it believed the acquisition would help it grow its fashion logistics business dramatically and would fit well with its ...
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Panalpina sees profits soar on record airfreight volumes
Panalpina reported revenue and profit increases last year on the back of record airfreight volumes, while it will continue to target “bolt-on” acquisitions.The Switzerland-based freight forwarder saw 2017 revenues increase 6.5% year on year to Sfr5.5bn, while earnings before interest and tax (ebit) climbed 26.1% to Sfr103m and profits were ...
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Deutsche Post DHL sees 2017 profits climb 7.2% to €3.7bn
Deutsche Post DHL Group (DP-DHLG) saw operating profit climb by 7.2% to €3.7bn in the 2017 financial year, revenues were up by 5.4% to €60.4bn, with all four divisions contributing to the increase.The German logistics giant and the world’s largest purchaser of airfreight capacity said that its DHL Express division ...
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K+N targets digitisation with new innovation centres
Kuhne+Nagel (K+N) is hoping to speed up the process of digitisation in the supply chain with the opening of new innovation centres.The Switzerland-based freight forwarder this week announced the opening of innovation centres in Utrecht, Netherlands, and Singapore.The Innovation Centre in Utrecht will primarily focus on automation and picking technologies.The ...
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Panalpina expects Asia and e-commerce to shape perishables supply chains
Panalpina expects Asia’s growing middle class and digital natives to drive the development of perishable demand in the coming years.Speaking at Fruit Logistica 2018, Panalpina global head of perishables Colin Wells said that the perishables industry was undergoing massive change in terms of trade flows and buying behaviour.Wells said the ...
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Kuehne + Nagel launches new digital supply chain platform
Kuehne + Nagel (K+N) has today announced the launch of KN ESP, a new digital supply chain management platform.The forwarder's new end-to-end purchase order management service will allow customers to connect with their vendors, their buyers and sellers, Kuehne + Nagel’s physical assets and experts, and their cargo flows.It also ...
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Western Global scoops three-year Flexport freighter deal
Western Global Airlines has been selected by freight forwarder Flexport to run its Hong Kong-Los Angeles scheduled freighter service, revealed earlier this week.The three-year deal will see Western Global provide a dedicated Boeing 747-400F twice-weekly service between the two hubs starting on April 5.In September, as the industry begins to ...
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UK freight forwarders back apprenticeship programme
The British International Freight Association (BIFA) is hoping a freight forwarding apprenticeship programme will be approved by the UK's apprenticeship institute.BIFA has been supporting a "trailblazer group" of employers from the freight and logistics sector, which was given the green light by the UK Department for Education to develop a ...
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Crane Worldwide Logistics expands time critical team
Crane Worldwide Logistics has expanded its time critical team with two new appointments in the UK.Joining the Crane Worldwide Logistics team in the UK are Rashpal Deol with 20 years’ experience in the freight industry specialising in aerospace operations such as charter, on-board courier & aircraft on the ground logistical ...
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Flexport adds scheduled freighter offering
Freight forwarder Flexport will offer "in-house" scheduled airfreight services from April this year following on from its ad hoc charter flights last year.The forwarder said that beginning April 5 it would offer round-trip flights between Hong Kong and Los Angeles twice per week utilising a B747-400F aircraft.The decision to launch ...
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NewsAirfreight rates up on 2017 levels in February
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off.The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. ...
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Airfreight's 'outstanding' 2017 for Kuehne+Nagel
Global freight forwarder Kuehne+Nage (K+N) reported an "outstanding" 2017 for airfreight as it saw tonnages surge by 20.4%, growing twice as fast as the overall market which was already at the highest peak since 2010.Announcing its 2017 full year results, the Switzerland-based logistics giant stated: "K+N’s industry-specific airfreight solutions, for ...
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Forwarder group's cyber attack warning
The British International Freight Association (BIFA) is urging its members to review their cyber security policies after last year's petya cyber attack that caused major disruption at Maersk Line and TNT.BIFA said the cyber attacks revealed the scale of impact that security breaches can have on global logistics and supply ...
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CEVA's strong finish to 2017
CEVA Holdings reported results for the full year and fourth quarter of the year ended 31 December, 2017.The parent company of CEVA Logistics said that the fourth quarter 2017 peak season was once again "challenging with tight capacity in airfreight, notably on the China-US routes".Airfreight volumes in 2017 were up ...
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Agility reports on ‘critical’ 2017
Global logistic services provider Agility has reported a 14% rise in 2017 full year revenues to KD1.4bn.The Kuwait-headquartered operator saw EBITDA of KD135.2m in 2017, up by 17.4% year-on-year. Net profit at KD68.5m was up by 16% over 2016.Agility chief executive and vice chairman Tarek Sultan said: “In 2017, Agility ...