All Freight Forwarder articles – Page 93
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News
Freight forwarder Panalpina expects continuing airfreight margin pressure
Freight forwarder Panalpina will concentrate on controlling costs after its airfreight business faced continued margin pressure on higher airfreight demand.The Switzerland-headquartered logistics giant saw second-quarter airfreight revenues increase by 10% year on year to Sfr700m on the back of a 6.6% improvement in tons carried to 240,000 and rising freight ...
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New tax could hit Indian airfreight exports
An Indian trade organisation has warned that a proposed tax on airfreight exports will stifle growth in the country’s air cargo sector, while it has also called for investment in the sector.At its annual Air Cargo Summit, PHD Chamber of Commerce and Industry warned that moves to include airfreight exports ...
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BIFA elects new national chairman
Mark Bromley has succeeded Fred Osborn as the elected national chairman of UK freight forwarder group BIFA for a two-year period.Osborn becomes immediate vice-chairman for a two-year term. Alongside him is John Stubbings, group director and company Secretary of the Woodland group who was elected Vice-Chairman by the board.Bromley has ...
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Kuehne+Nagel expects to make more perishables logistics acquisitions
Freight forwarder Kuhne+Nagel (K+N) is expecting further consolidation in the perishables logistics market after it yesterday announced the acquisition of two companies.Speaking shortly after announcing the company’s second-quarter results and the acquisition of two perishables forwarders, chief executive Detlef Trefzger said that K+N’s market share in the sector was “extremely ...
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Freight forwarder K+N sets the pace as air volumes soar
Freight forwarder Kuehne+Nagel (K+N) saw airfreight volumes grow at almost double the market rate during the first half of the year, with performance improving during the second quarter.The Switzerland-headquartered freight forwarder saw first-half airfreight demand increase by 18% year on year to 731,000 tons, while the overall market increased by ...
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K+N expands perishables network with US and Kenyan acquisitions
Kuehne + Nagel (K+N) has expanded its global perishables network with the acquisition of sector specialist forwarders Commodity Forwarders Inc. (CFI) in the US and Trillvane in Kenya.Switzerland-based K+N said that the two acquisitions would add more than 150,000 tons of annual perishables traffic to its network and “further strengthens ...
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ASM software upgrade is ready for Brexit
Agency Sector Management (ASM) has launched a major upgrade of its Sequoia software, providing a complete freight management system.The software provider to the UK forwarding industry said that the release gives users a single application where data is shared across all functions such as job costing and producing documentation, as ...
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FTA has grave doubts over new Customs system's ability to handle Brexit
The UK's Freight Transport Association (FTA) has expressed concerns that the country's future Customs Declaration Service (CDS) programme will not be able to process the amount of transactions anticipated post-brexit.Responding to the publication of the National Audit Office (NAO)’s report on the progress of the Customs Declaration Service (CDS) programme, ...
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News
DHL scoops Cathay Pacific MRO logistics deal
DHL Supply Chain has commenced management of all aircraft maintenance, repair and overhaul logistics activities for Cathay Pacific and Cathay Dragon in the airlines’ home base at Hong Kong International Airport (HKIA), part of a 10-year contract signed earlier this year.The contract will see DHL Supply Chain take overall responsibility ...
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FedEx adds Bangladesh security surcharge
FedEx Trade Networks will add a surcharge on shipments from Bangladesh to the European Union (EU) after stricter security standards were introduced.FedEx's forwarding arm said that as a result of the EU adding Bangladesh to its list of high-risk countries shipments will need to go through new screening measures in ...
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DHL robot: Take me to your loader (VIDEO)
Technology group Wärtsilä and DHL have completed a successful pilot to test mobile robots in a warehouse environment.The pilot phase of Fetch Robotics technology was carried out in Wärtsilä’s central distribution centre in Kampen, the Netherlands, where the entire logistics chain of Wärtsilä’s spare parts, from order intake to customer ...
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Approval for underground warehousing near Heathrow
An underground warehousing project near Heathrow Airport has taken a major step forward after councilors at local authority Hounslow approved the proposal, described as “visionary” by its backer, Formal Investments.Above the subterranean warehouse would be created the largest new park in West London for more than 100 years, using extracted ...
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Logistics sector can prove Barnier wrong, says FTA
The UK's logistics industry has issued a "wake-up call" as Britain's chief Brexit negotiator David Davis met today (July 7) with the nation's business leaders to discuss the trading implications of Britain leaving the European Union (EU).The Freight Transport Association (FTA), which represents more than 16,000 companies nationwide, urged all ...
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UK freight forwarders welcome Customs fallback system
UK freight forwarders have welcomed the setting up of a new Customs declaration fallback system to prevent an airfreight meltdown if the primary network collapses.The back-up facility would prevent the catastrophic impact of a systems failure by the HM Revenue & Customs' CHIEF (Customs Handling of Import and Export Freight) ...
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AMI UK passes one million spot-rate milestone
Airfreight and express wholesaler AMI has provided its one millionth cargo spot-rate quote in the UK.AMI opened its Spot Rate desk — specialising in live market quotes — in 2007. The Spot Rate team originally comprised three members and has now grown to ten, based in both London and Manchester, ...
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Airfreight growth set to slow over summer months
Airfreight growth looks set to slow over the coming months after a bumper start to the year, according to one forwarder index.The latest APAC Forwarding Index shows that in June fewer Asia Pacific forwarders noted month-on-month growth than they did in May.The index showed that 41.4% of respondents registered higher ...
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NewsRates out of Asia surge in June
Airfreight rates on major routes out of Asia continued to climb in June as demand to and from the region surges.The latest statistics from Tac Index show that average airfreight prices from Hong Kong to the US reached $3.27 per kg in June, an increase of 38.6% compared with the ...
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Rhenus swoops on Australian forwarder
The Rhenus Group has signed an agreement to purchase Australian freight forwarder O’Brien Customs and Forwarding, giving it its own presence in the market for the first time.The O’Brien family business handles air and sea freight consignments and provides customs and warehouse services and is headquartered in northern Melbourne.Rhenus chief ...
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UK airfreight gets Customs declaration fallback service in case of a system collapse
The UK’s airfreight industry has implemented a new Customs declaration fallback system to prevent an airfreight meltdown like that experienced in the late 1980s when the Travicom system was put in place.The new CCS-UK capability is designed to prevent the catastrophic impact of a major system failure, which would cause ...
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NewsTop 25 air forwarders 2016 revealed: DHL maintains top spot
DHL Global Forwarding, Kuehne+Nagel (K+N), DB Schenker and UPS maintained their position as the leading four airfreight forwarders in 2016, while DSV’s acquisition of UTi propelled it up the list (scroll to end for full list).The latest top 25 Global Freight Forwarders list from consultant Armstrong & Associates, based on ...