All Freight Forwarder articles – Page 85
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News
KOG adds to project logistics teeth in the US
Swiss project logistics specialist KOG Worldwide has further expanded its presence in the US with a Chicago branch under the management of subsidiary KOG Transport Inc.With representative offices already located in New York and Houston, this is the project logistics specialist’s third site in the US.“The business potential in the ...
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UK lifts Bangladesh air cargo ban
The UK has lifted a ban on airfreight being transported directly from Bangladesh, but there is still work to be done before exports can resume.Late last week, British high commissioner in Bangladesh Alison Blake and Bangladesh civil aviation and tourism minister AKM Shahjahan Kamal told local reporters that the UK ...
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Fast-growing SEKO Logistics opens new Amsterdam hub
SEKO Logistics has opened a new hub - its second largest in Europe - at Amsterdam’s Schiphol Logistics Park as part of its ongoing expansion.The new 80,000 sq ft facility doubles the size of SEKO’s previous locations in Amsterdam and brings its entire service offering under one roof, including cross-border ...
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International trade practices "archaic", says Freightos survey
International trade practices by US importers and exporters are “laughably archaic” say respondents to logistics technology provider Freightos' latest industry survey.With small businesses accounting for a third of total US imports, “a whopping 50% still rely on spreadsheets to manage shipments”, Freightos said after its survey of more than 500 ...
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Air cargo networking event prepares to meet
The second ACE Air Cargo Event and Global Air Cargo Solutions Meeting is preparing for its latest networking event.The ACE event, which aims to attract around 200 delegates from the forwarding and airfreight community, will take place in Shanghai on May 13-17 at the St Regis Jinan Hotel in the ...
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E-commerce boost for Aramex in 2017
E-commerce and express volume growth saw Middle East based logistics company Aramex report 2017 full-year revenues of AED4.7bn ($1.3bn), an increase of 9% on 2016.Dubai-headquartered Aramex said that its full year revenues were impacted by currency fluctuations, mainly in the Egyptian Pound.Excluding the impact of currency fluctuations, mainly in the ...
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time:matters Spare Parts Logistics celebrates 10 years
Germany-headquartered time:matters is celebrating 10 years of its Spare Parts Logistics division.Set up at the end of 2007 when the Lufthansa-owned logistics company won a tender from Siemens Healthcare and Fujitsu-Siemens, the division started out serving Scandinavia and Italy only.It now transports urgently needed spare parts throughout its own European ...
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EFL wins AEO accreditation
EFL International Distribution has been awarded full Authorised Economic Operator (AEO) status.The EU’s AEO programme, co-ordinated by the World Customs Organisation, seeks to facilitate trade while improving security in the supply chain.“The accreditation covers full customs simplification – security and safety,” said Chris Radley, EFL managing director. “The AEO scheme ...
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Ceva Logistics: going public in April?
US financial press reports suggest that supply chain management company Ceva Logistics may go public in April.Sources told the New York Post that an initial public offering of “roughly $1.5bn” is expected – which would make the company the second-biggest IPO of the year (after Brazil’s PagSeguro Digital payment services ...
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DSV airfreight volumes up 10% in 2017
Global freight forwarder DSV saw its airfreight volumes increase by 10.6% year on year in the fourth quarter of 2017, to 635,655 tonnes, as the industry recorded its strongest performance in nearly 10 years.The company said: “The high growth in the air freight market led to tight capacity and rate ...
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SEKO Logistics gets set for ambitious expansion
Chicago-headquartered SEKO Logistics is forging ahead with its expansion plans: growing its network, adding partners, making acquisitions – and altering its leadership.William Wascher has become chairman while James Gagne takes on the role of chief executive alongside his existing position as president.Gagne said: “We are continuing to focus on organic ...
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Panalpina increases collaboration across Perishables Network
Switzerland-based global freight forwarder Panalpina has made three of its longstanding agents full members of its Perishables Network: Cropa (Guatemala and Honduras), MIT Cargo (Sri Lanka) and TML (Pakistan).“In the perishables industry, shippers and local forwarders have traditionally followed their own practices. By working more closely together with our agents, ...
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Jefferies expects forwarder performance to be divided in 2018
A report from global investment bank Jefferies says that while European freight forwarders are benefiting from accelerating global trade, the resulting inflationary freight rates are putting “unprecedented” pressure on yields and increasing the performance divide.Airfreight volumes rose by 10% year on year in 2017, while seafreight was up by 6% ...
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Dachser: preparing for Chinese New Year
Global logistics provider Dachser USA is helping US importers and exporters prepare for the impact of Chinese New Year, which will see businesses across China and some countries in the surrounding region close from February 14 or 15 to 21 – and, in many cases, remaining closed until March 2.In ...
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DHL forwarding expands along US-Mexico border
DHL Global Forwarding has expanded its US presence with six stations along the country’s border with Mexico, employing 300 staff in San Diego, Tucson, Nogales, El Paso, Laredo and McAllen.According to Alejandro Palacios, head of southern border stations at DHL Global Forwarding: “These six stations are located in some of ...
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Shawn Richard takes on newly-created air cargo role at SEKO
SEKO Logistics has appointed Shawn Richard vice president global airfreight – a new position set up in response to increasing demand driven by booming cross-border e-commerce.Chief commercial officer, Americas, Terry Unrein, said: “SEKO’s roots are in airfreight but the real significance today is how it is driving the growth of ...
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Logistics software giant Descartes buys Aljex for $32.4m
Logistics software specialist Descartes Systems Group has acquired New Jersey-based Aljex Software, a cloud-based provider of back-office transportation management solutions for freight brokers and transport providers.Descartes acquired Aljex for $32.4m in cash, satisfied from Descartes’ existing acquisition line of credit.Aljex's platform is used by nearly 400 customers in North America ...
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Forwarders lose appeal against €169m fines for air cargo cartel between 2002 and 2007
The European Court of Justice has upheld the €169m in fines imposed six years ago by the European Commission on freight forwarders which participated in an air cargo cartel between 2002 and 2007.Kühne + Nagel International, Schenker, Deutsche Bahn and Panalpina World Transport have now lost their appeal regarding a ...
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CEVA appoints new managing director for UK, Ireland and Nordics
CEVA Logistics has appointed Eddie Aston to the position of managing director, UK, Ireland and Nordics (UKIN).Aston joins CEVA from Northgate, the commercial van hire and leasing organisation, where he was UK managing director.Said Aston: "Driving growth further is my key priority, and having been away from logistics for a ...
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Speedy logistics needed to earn e-commerce revenues says SEKO
Retailers and e-tailers that react quickest to the shift in e-commerce consumer behaviour for speed of delivery and product returns will earn customer loyalty and revenue growth, states SEKO Logistics.The UK is currently the third largest e-commerce market in the world, with 46% of UK small and medium enterprises (SMEs) ...