All Freight Forwarder articles – Page 89
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News
FTA: ‘no deal’ Brexit checklist
The UK’s Freight Transport Association (FTA) has issued a checklist of conditions that it believes are essential to keep Britain trading in the event of a ‘no deal’ Brexit outcome.Following the publication of the UK Government’s White Papers on trading and customs agreements in such a scenario, the FTA’s list ...
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WCA joins forces with Elite Global Logistics Network
Global forwarder network WCA is to acquire a majority interest in Elite Global Logistics Network (EGLN) in a move that is expected to lead to more opportunities for expansion and growth for the combined membership.EGLN president Roy Stapleton, who will remain in post after the acquisition, said: “This new agreement ...
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Air cargo landscape changing but there will always be middlemen
The air cargo landscape is undergoing change with more players seeking to control assets and enter the market, but there will always be a role for the middleman, according to one speaker at the Caspian Air Cargo Summit.Speaking at the two-day conference in Baku, PAS Aviation Logistics managing director Peter ...
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Freight forwarders unconcerned by airline-shipper relationships
Freight forwarders say they are not concerned by airline attempts to bypass them and form direct relationships with shippers.Speaking at the Freighters World conference in Chicago, a panel of freight forwarders responded to a report in the October issue of Air Cargo News that claimed IT solutions and the new ...
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Forwarders' network demands drive new opportunities for all-cargo carriers
Freight forwarder and e-commerce companies’ need to control their transport network is driving demand at all-cargo carriers.Speaking at the Freighters World conference, a panel of all-cargo airline executives discussed future opportunites for freighter operators.One area of opportunity identified by panelists was customers - forwarders and e-commerce companies - wanting freighter ...
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Nippon Express exports up by a fifth
Japanese forwarder Nippon Express said that its airfreight exports in September were 23,258 tons, up 20.5% on the same month of 2016. Total air exports for the six months from April 2017 to September 2017 were 129,785 tons, up 27% on the same period of 2016.Air imports on September 2017 ...
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Airline-shipper relations need rethink, says Unisys expert
Airlines and their customers will have to forge new style alliances, predicts a Unisys industry expert.Venkatesh Pazhyanur, senior industry director of freight solutions at the global IT firm, predicts that there will be strategic alliances between airlines and big-volume shippers such as postal authorities, online retailers, global distributors and supply ...
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Happy return for Seko’s Terry Unrein
Terry Unrein has rejoined Seko Logistics as chief commercial officer, Americas, following a two-and-a-half year spell as Crane Worldwide Logistics’ regional vice president, Pacific West.In his new Seko role, he will be responsible for sales and revenue growth and air and ocean product strategy in the region.A former pro footballer ...
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Bolloré opens Heathrow hub
French-owned forwarder Bolloré Logistics has formally opened its Skyline airfreight hub at London Heathrow Airport.The 80,000 sq ft facility includes 64,000 sq ft of warehouse space, 16,000 sq ft of offices and provides 11,000 sq ft of fully bonded dedicated temperature controlled areas and quarantine and hazardous product zones.Skyline is ...
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Airfreight rates flat in August
Airfreight rates on major east-west traders were largely flat in August, but are expected to have picked up again in September.The latest figures from consultant Drewry’s Sea and Air Shipper Insight show that the average all-in buy rate across 28 major east-west lanes stood at $2.63 per kg in September.This ...
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OPINION: How freight forwarders add value to the logistics chain
Bradley Waller, logistics development manager at Alliance Shipping, argues that airlines cannot duplicate the full range of services provided by freight forwarders to shippers.There have been reports of air cargo carriers plotting to establish direct relationships with importers and exporters so they can by-pass third-party freight forwarding services for the ...
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Germany and Netherlands are next steps in Panalpina perishables empire (updated)
Freight forwarder Panalpina has reached agreement to acquire two more perishables logistics companies, the Cool Chain Group in Germany (CCG) and Interfresh Airfreight Handling, for undisclosed sums.CCG currently has 100 customers and handles around 14,000 tonnes of air freight per year. It parent company, Rungis Express, is to concentrate on ...
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New members for forwarder network
Freight network The WACO System has appointed three new members in Latin America and Africa.Sicarga Panama will cover Panama, Costa Rica, and Nicaragua, Gespros will represent Cameroon; and OMA Logistics will represent Senegal.The new members will be officially welcomed during WACO's Extraordinary General Meeting in Macau, China on 23-25 October.Sicarga ...
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Agility wins pharma plaudit
Agility says it has become the first freight forwarder to receive QEP experto accreditation from container specialist Envirotainer for its cold chain management of pharma and life sciences products.Envirotainer’s Qualified Envirotainer Provider (QEP) program evaluates freight forwarders and airline stations and recognizes those able to meet the highest standards.The QEP ...
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Flexport in line for $110 million funding
Online freight forwarder Flexport is reported to be closed to securing $110 million worth of funding reports Forbes, which says that the San Francisco based company is on its list of billion-dollar start-up companies.The latest Series C funding will bring total capital invested to $204 million, it adds.Flexport founder and ...
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Alibaba takes control of China delivery firm
Asian online retailer Alibaba has taken a controlling stake in China’s Cainiao Smart Logistics. It has increased its investment by 5.3 billion yuan ( $807 million), raising its stake in the company from 47 to 51% and giving it four out of seven seats on the logistics company’s board.While Cainiao ...
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Bolloré and Bahri sign Saudi joint venture deal
French forwarding and logistics group Bolloré officially inaugurated Bahri Bolloré Logistics, its joint venture with Saudi Arabian logistics specialist Bahri in Riyadh on 26 September.Bahri owns a 60% stake in the joint venture, while Bolloré owns the remaining 40% in the new company, which will provide end-to-end logistics and supply ...
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Can cargo airlines bypass freight forwarders?
Speaking on condition of anonymity, the head of cargo at one carrier revealed to Air Cargo News that his company is taking steps to prepare for direct engagement with shippers.He pointed to a convergence of factors – chiefly a need for shippers to curtail costs and the evolution of tools ...
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More time to enter UK freight awards
The British International Freight Association has extended the deadline for entry to its annual Freight Service Awards to 2 October.The nine categories include an Air Cargo Services Award, along with others for cool logistics, project forwarding, specialist services and staff development.Director general Robert Keen, said: "We brought the deadline forward ...
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BEST Inc the latest Chinese logistics firm to raise funds through listing
BEST Inc has become the latest Chinese express and logistics firm to raise funds through an IPO.The Alibaba-backed company raised $450m through a listing on the New York Stock Exchange in what is the largest IPO of a Chinese firm in the US since ZTO Express raised $1.4bn in October ...