Freight forwarders – Page 104
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News
Tough second quarter for Expeditors
US forwarder Expeditors endured a difficult second quarter as revenues and profits both declined, while airfreight revenues were also behind last year.The world’s fifth largest airfreight forwarder reported a 13% year-on-year decline in second-quarter revenues to $1.5bn, while operating profit was down 2% to $179m and net earnings attributable to ...
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3D printing, a supply chain challenge
Panalpina's strategic partnership with 3D printing specialist Shapeways is one more step in a march towards digital manufacturing that will challenge supply chain suppliers, including air cargo.In May this year, software company SAP signed an agreement with UPS to collaborate to transform the ad hoc world of industrial 3D printing ...
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Revenues down but operating profit surges for DP-DHL's forwarding arm
Deutsche Post DHL Group’s (DP-DHL) freight forwarding arm saw 2016 second quarter revenues fall by 9.3% to €3.4bn, versus €3.8 in like prior year period 2015, while divisional operating profit improved by 72.5% to €69m.Adjusted for negative currency effects and lower fuel surcharges, the Global Forwarding, Freight division’s revenue declined ...
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Priority Freight adds new German airfreight department
Priority Freight has set up a new, dedicated emergency airfreight department at its office in Willich, Germany in order to enhance operations in central Europe.The department is located less than 25km from Düsseldorf International Airport and will offer the time critical logistics firm's latest IT system.Priority Freight group managing director ...
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FIATA World Congress 2016 confirms new speakers for Dublin event
International freight forwarders’ association FIATA has announced an updated speaker programme for its World Congress 2016, to be held in Dublin, Ireland, from October 3-8.Over 30 speakers will share their ideas and opinions on topics of global relevance affecting freight transport, logistics and international trade.Keynote speakers on the opening day ...
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May was not such a merry month for air cargo
May was another month of “disappointment” for air cargo as demand growth was “limited to 0.5%”, according to WorldACD.The analyst said it was hardly surprised by the low growth figure given that “world trade is in a slump”. During the month, volumes originating from North America declined by 4% year ...
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Lufthansa Cargo looks to become sole owner of time:matters
Lufthansa Cargo has applied to purchase all the shares of time critical logistics firm time:matters with a decision from the German competition authority on whether to approve the deal expected next month.The German cargo carrier currently owns a 49% shareholding in the logistics firm with the remaining 51% owned by ...
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News
Shape of things to come: Panalpina and Shapeways in strategic partnership for 3D printing
Panalpina and US-based 3D printing company Shapeways have entered into a strategic partnership to expand globally their digital manufacturing capabilities.Switzerland-based logistics giant Panalpina sees digital manufacturing and 3D printing specifically as “a perfect complement to its Logistics Manufacturing Services (LMS) offering, giving customers the possibility to customise products and bring ...
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DB Schenker air cargo growth lags behind rivals
German logistics giant DB Schenker recorded an above market increase in airfreight demand during the first half of the year but growth lagged behind that of two if its largest rivals.DB Schenker, which is the world’s third largest airfreight forwarder and owned by Deutsche Bahn, said that air cargo demand ...
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Panalpina airfreight volumes rise in difficult market
Panalpina has reported on a challenging six months of operations for its airfreight arm, and right across its business.Airfreight volumes rose by 8% year on year over the first six months of 2016, although the market had – the Switzerland based logistics player said – shrunk by 3%.However, much of ...
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News
Ambatovy looks to DHL Global Forwarding for project logistics
DHL Global Forwarding has inked a three-year global freight forwarding agreement with Ambatovy, a joint venture between Sherritt International Corp, Sumitomo Corp and Korea Resources Corp.The deal encompasses two contracts, according to which the freight forwarding division of Deutsche Post DHL will provide onshore and offshore services for Ambatovy.For the ...
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AMI sees Durban growth from “fly-direct” policy
The Durban office of AMI enjoyed what the world’s largest trade-only airfreight and express wholesaler described as a “dramatic growth in traffic” over the first half of 2016.The first quarter brought healthy year on year growth of 7.4%, but this rate of expansion was overtaken by the second quarter’s even ...
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NewsAirfreight volumes on the up for K+N
Logistics services giant Kuehne+Nagel (K+N) has reported its half-year results for the six-month period ending 30 June.The Switzerland-headquartered company said that while net turnover fell year on year from CHF8,225m ($8,366m) to CHF8,147m ($8,287m), gross profit rose by 8% compared to the first half of 2015, improving from CHF3,018m ($3,070m)to ...
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News
IATA and FIATA hail partnership of equals in new-look agency programme
The International Air Transport Association (IATA) and the International Federation of Freight Forwarders Associations (FIATA) have unveiled long-awaited reforms to the IATA Cargo Agency Program, promising to treat forwarders as equals alongside airlines.Following a review initiated in 2012, the new IATA-FIATA Air Cargo Program (IFACP), signed today by IATA director ...
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BCW Engineering appoints B&H Worldwide
BCW Engineering has appointed logistics provider B&H Worldwide to manage the inbound delivery of its rotative components for use in specialist engines in equipment around the world.B&H Worldwide has designed a solution for BCW Engineering which enables them to import the rotative components from Chennai in India in a far ...
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Kerry round the clock in Schiphol
Asian-owned Kerry Logistics Network can now offer a 24-hour warehouse operation at Amsterdam Schiphol following its move to new premises. Located at Freight Terminal 207, the facility is five minutes from the airport and 30 minutes from the port of RotterdamIt offers 20,000 sq m of warehouse space, 38 loading ...
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DHL provides airfreight links for mobile phone firm Transsion
DHL Global Forwarding has become the airfreight solutions provider for mobile phone specialist Transsion Holdings.The carrier will provide services from Transsion’s manufacturing base in South China to 28 countries in Asia, the Middle East and Africa, along with seafreight and warehousing in India.Hong Kong based Transsion, which sold 59m cell ...
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Rhenus signs JV in Japan
German forwarder the Rhenus Group has set up a joint venture with Sankyo Corporation, part of Japan’s Fujiki Group.Rhenus Sankyo Logistics will mainly handle imports and exports to and from Japan, along with domestic distribution and warehousing. Rhenus Asia already works with Sankyo’s US subsidiary, Clearfreight.Rhenus board member Tobias Bartz ...
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Independent forwarders set to WIN from new app
Online forwarder platform WIN has launched a new mobile application that offers users real-time track and trace, an interactive agent directory, instant messaging, route checking, and shipment status tools.WIN, which is owned by independent forwarder network WCA, said the app allows users to track and update status on any shipment ...
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NewsTop 25 air forwarders 2015: DHL leads the way but rivals close the gap
DHL maintained its position as the world’s leading airfreight forwarder in 2015 despite rivals closing the gap, while the top 25 forwarders saw air volumes climb by 2.2% on 2014 levels.The latest top 25 Global Freight Forwarders List from consultant Armstrong & Associates showed that European forwarders once again took ...