All Freight Forwarder articles – Page 88
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News
Expeditors: air cargo volumes rise 12% in third quarter 2017
Washington, Seattle-based global logistics company Expeditors International saw its airfreight tonnage increase by 12% year on year in the third quarter of 2017.Airfreight revenues for the three months totalled US$735,164, 18% more than the same period of 2016. Costs also rose, however: airfreight operating expenses stood at 547,595 (a year-on-year ...
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Nippon Express: export growth slows
Nippon Express moved 23,313 tons of outbound air cargo from Japan during October, 16.5% more than the same month of last year.It was the fifth consecutive month of growth in 2017 for the Tokyo-headquartered multimodal logistics company. However, the level of increase has been falling since May when it registered ...
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DHL forwarding's quarterly airfreight volumes up 8% as gross profit declines
Deutsche Post DHL Group (DP-DHL) registered positive results during the third quarter of 2017, with total revenue up 5.6% over like period last year, to €14.6bn.“We had a strong third quarter with record earnings yet again,” said Frank Appel, group chief executive of the Germany-based global mail and logistics company.“All ...
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Panalpina consolidates Prague presence
Freight forwarder Panalpina has consolidated its three Prague warehouses into one 7,000 sq m facility at the logistics centre in Pavlov, close to Vaclav Havel airport in the Czech capital.The new facility opened in September and offers services such as Customs clearance for imports and exports, pick and pack, labelling, ...
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Jonathan Clark joining AMI as new chief executive
Menzies Aviation has appointed Jonathan Clark as chief executive of Air Menzies International (AMI), its airfreight and express wholesaler subsidiary. Clark takes up the role in January 2018.He replaces Stephen Koller, who has left the company to pursue other interests.Clark has long experience in the air cargo sector, and over ...
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Dachser renews ISO certification
Atlanta-headquartered multimodal transportation service provider Dachser USA has gained ISO 9001:2015 certification for the second year in a row.In other news from the German-owned logistics firm, recently appointed general manager of the South Central region, Erion Hormoviti, is to head up the company’s newly expanded office in Dallas, Texas as ...
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Property boosts Agility profits but freight is flat
Middle East headquartered global freight forwarder Agility reported third quarter earnings up 18.1% to 14.2 fils per share on net profit of KWD17.8m, an increase 17.4% over the same period in 2016.However, the growth was due mainly to a strong performance by its infrastructure business; the forwarding business was relatively ...
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E-commerce leads Aramex profit growth
Middle East based forwarder Aramex said its net profits had increased by 13% in the third quarter of 2017 to AED 81.6m, up from AED 72.2m in 2016.Revenues in the third quarter, ending September 30, also increased 9% to AED 1,144m, compared to last year’s AED 1,050m. Were it not ...
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Forwarders call for action to end Heathrow's congestion ‘misery’
The head of the UK’s freight forwarders’ group has called for “action not words” over growing congestion at London Heathrow airport’s cargo terminal.British International Freight Association (BIFA) director general Robert Keen says that congestion at the so-called Horseshoe Road area of Heathrow “is as bad as it has ever been ...
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Seasonal hike sees ¢12 jump for Drewry airfreight price index
Drewry’s East-West Airfreight Price Index of 28 major routes jumped 12 cents to $2.68 per kilo in September.The airfreight and shipping analyst said: “This seasonal hike to the index was expected and brings it to parity with September 2016.”September 2016’s index was $2.69, after which it surge to $2.99 in ...
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NYK to become 100% owner of forwarder Yusen
Japanese shipping and transport company NYK is to acquire the remaining 41% stake of its freight forwarding subsidiary, Yusen Logistics, from minority shareholders. The transaction is expected to be completed by late March, 2018.In a statement, NYK said the move was part of its strategy to expand beyond its traditional ...
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News
AMI and Crowley sign mutual deal
US-based Crowley Logistics has signed a reciprocal partnership with airfreight wholesaler Air Menzies International, to enhance offerings to each other’s customers.Under the deal, the 400,000 cu ft CrowleyFresh facility near Miami International Airport will become the centralised consolidation facility for AMI's Miami Gateway operation between Latin America, the US, and ...
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DSV looks back on positive three months for sea and airfreight volumes
DSV, the Denmark-headquartered supply chain specialist, has reported on its third-quarter performance.Net revenue over the third quarter reached DKr18.7bn Danish Krone, up from DKr17.2bn in the same three months of 2016.Gross profit rose from DKr4bn in the year-earlier period to reach DKr4.1bn in the 1 July to 30 September 2017 ...
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Rhenus consolidates airfreight operations through Frankfurt
Supply chain operator Rhenus is consolidating its European airfreight volumes at Frankfurt airport, Germany’s busiest air cargo hub.The decision to create the new hub was taken in response to “the positive global development in business and the increasing volumes of freight in its air and ccean business”.The airfreight hub at ...
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Forwarders look to secure airfreight capacity for busy peak
Freight forwarders are bracing for a busy peak period by securing air cargo capacity under block space (BSA) and ACMI agreements.Speaking shortly after announcing third-quarter results, Panalpina said it expected capacity to be an issue while slot constraints at airports, a veiled reference to the issues at Schiphol, would also ...
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Trinity and Etihad launch B777F to Hanoi from Ohio
Trinity Logistics USA and Etihad Airways have again joined forces to launch a weekly Boeing 777 freighter service between Hanoi in Vietnam and Ohio’s Rickenbacker airport (Columbus) in the US.The US logistics operator and the Middle East carrier already operate a joint twice a week B777F to Asia, from Colombo ...
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Panalpina expects busy peak as airfreight continues to grow
Freight forwarder Panalpina saw airfreight volumes increase by 8% during the third quarter of the year as it prepares for a strong peak season.The Switzerland-based firm saw airfreight volumes increase to 249,000 tonnes during the July-September period compared with 228,000 tonnes for the same period last year.The overall market is ...
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Jetpack flies with B&H Worldwide
B&H Worldwide has been appointed as the global logistics partner for JetPack Aviation, creator of the world's first turbine powered, backpack style JetPack.JetPack Aviation (JPA), a leader in micro Vertical Take Off and Landing (VTOL), design made aviation history in late 2015 when chief executive David Mayman flew around the ...
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K+N air growth ramps up but margins still under pressure
Double-digit percentage air cargo demand and revenue growth at freight forwarder Kuehne+Nagel (K+N) helped offset margin pressure in the third quarter of the year.The Switzerland-based forwarding giant continued its good run of form in 2017, with third-quarter airfreight demand increasing by 20.6% to 391,000 tonnes, while air revenues were up ...
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European airfreight volumes pick up
According to the latest edition of Danske Bank Markets’ European Freight Forwarding Index, airfreight volumes rose in August when compared with June, reaching 57.This upward trend is expected to continue during September and October, based on the predictions of respondents – who were asked for their current volumes versus two ...