Freight forwarders – Page 12
-
News
Forwarder Flexport raises $260m through Shopify
Freight forwarder Flexport has raised $260m in funding from e-commerce platform Shopify.The company, which last year had to make job cuts as it looked to reduce costs, raised the money through an uncapped convertible note.Writing on X, Flexport chief executive Ryan Petersen said the investment would further strengthen the firm's ...
-
NewsProject specialist deugro scoops BIFA air cargo award
Source: BIFAProject cargo specialist deugro scooped the top spot in the Air Cargo Services category at the BIFA Freight Service Awards.The awards took place yesterday in London and were hosted by UK TV personality Suzi Perry.In total, 11 companies scooped an award, with deugro winning the air cargo category ahead ...
-
News
DHL Forwarding and DSV manage Cathay shipments via CargoWise
CargoWise has teamed up with Cathay Cargo to offer DHL Global Forwarding and DSV real time management of shipments on the airline's Click & Ship booking platform via CargoWise.The companies are now able to plan, book, confirm and manage shipments in Cathay Cargo’s Click & Ship booking platform in real-time ...
-
News
Red Sea-related demand yet to materialise but enquiries rise
The airfreight sector is yet to see any solid rise in demand related to the Red Sea crisis but customers are enquiring about alternatives to sea transport.While there is an expectation that vessel diversions away from the Suez Canal route and around the Cape of Good Hope due to attacks ...
-
NewsDimerco and Yusen join Cathay SAF programme
Source: Cathay PacificDimerco Express Group and Yusen Logistics have joined Cathay Pacific's Corporate Sustainable Aviation Fuel (SAF) Programme.The companies have committed to reducing the climate impact from their airfreight activities through scaling up the use of SAF.They will also promote the wider adoption of renewable energy by the aviation industry ...
-
NewsGeodis to continue operating own capacity
Geodis' A330-300 freighter is operated by Titan Airways. Photo: GeodisGeodis will continue offering its own-controlled freighter capacity until at least the end of the year.The freight forwarder’s leased Airbus A330-300P2F, operated by London Stansted-headquartered Titan Airways, is currently performing three rotations per week between the UK and China, carrying ...
-
NewsNippon Express moves into the top-five airfreight players with cargo-partner deal
Photo Copyright: cargo-partnerNippon Express Holdings has completed its acquisition of several cargo-partner businesses based in central and eastern Europe.The shares of the businesses were acquired by a special purpose company wholly-owned by Nippon Express Europe, which is in turn a subsidiary of Nippon Express Holdings.Terms of the deal were not ...
-
NewsTake part: Air cargo industry outlook survey 2024
Air Cargo News is carrying out a survey of logistics and airfreight professionals to understand how they believe the air cargo industry will develop over the coming year.The survey provides also the air cargo industry with an opportunity to tell us how you think the industry is changing.Participating in the ...
-
NewsAir cargo eyes a year of uncertainty and opportunity
Geopolitical uncertainty and unpredictability could fuel demand for air cargo as shippers move to benefit from the stability of services.Figures from data provider Xeneta show that air cargo demand increased by 9% year on year in December - although this is partly a reflection of a weak end to 2022 ...
-
News
Red Sea conflict sees air cargo demand rise
Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics.The international transport and logistics company said that the "volatile" situation, which has resulted in higher rates, increased transit times and supply chain delays, will squeeze airfreight capacity."The increased ocean ...
-
NewsAir Cargo News' most-read stories 2023
Photo: Khongtham/Shutterstock.The past 12 months have been another tough period for the air cargo market as a sluggish global economy transferred through to weak air cargo volumes.However, airfreight rates and revenues remained above pre-covid levels and e-commerce and other special product categories continued to support the market. There were also ...
-
NewsK+N provides IDA Foundation with a Dubai healthcare hub
Source: K+NKuehne+Nagel (K+N) will operate social enterprise IDA Foundation’s healthcare hub for the Middle East and Africa region, located in Dubai.The new IDA Foundation hub is located at the K+N facility at Dubai South and will serve as a centralised kitting and global health logistics centre for the region and ...
-
NewsWorld Courier targets pharma demand with new US facilities
Logistics firm World Courier will open three new stations in North America to support growing pharma volumes.The Cencora-owned company will add facilities in Denver, Indianapolis and San Diego to expand its capacity to store, handle and transport pharma products, including those that require cryogenic storage.The facility in Indianapolis will be ...
-
NewsNew CEO for EV Cargo Global Forwarding and Technology divisions
Source: EV Cargo. Copyright: Jon Thorne Wedding PhotographyPaul Coutts has been appointed as chief executive of Hong Kong-headquartered EV Cargo Global Forwarding & Technology.In his new role, which starts on January 1, Coutts has been given the task of driving the growth, development and integration of the firm's forwarding and ...
-
NewsKuehne+Nagel opens new Dallas/Fort Worth facility to support MRO firm
Source: Kuehne+NagelKuehne+Nagel (K+N) has opened a new facility near Dallas/Fort Worth International Airport to support MRO firm MHI Aviation Group.The new location will support MHI's aerospace parts offering for both international and domestic shipments.A facility in Des Plaines Illinois was previously utilised for the operation. By moving closer to Dallas ...
-
News
Panama and Suez Canal double crisis threatens global supply chains
Persisting Suez Canal and Panama Canal-related supply chain delays and increased rates may see shippers and forwarders opting for air cargo.Shipping operations are currently being compromised by the need to avoid the Suez Canal due to the risk of attacks in the Red Sea, and restrictions on the Panama Canal ...
-
NewsDB Schenker sale process underway as firm is officially on the market
Deutsche Bahn has confirmed that subsidiary DB Schenker is officially up for sale a year after it began examining the possibility of selling its freight forwarding and logistics business.The state-owned German railways giant said in a statement this morning that it has launched the sales process for the world's fourth-largest ...
-
News
Abu Dhabi wealth fund eyes DB Schenker?
It is just over a year ago that Deutsche Bahn announced it would examine how best to offload freight forwarding and logistics business DB Schenker.Since the state-owned German railways giant made that statement, there has been no further announcements on the progress of the sale directly from Deutsche Bahn itself.Instead, ...
-
News
Shippers and forwarders expected to target longer term deals in 2024
Shippers and forwarders are returning to longer term and fixed-capacity agreements as the air cargo market continues to normalise.In a recent market update, Flexport vice president and global head of airfreight Zeid Houssami said that part of this switch to longer fixed-capacity contracts was partly driven by the rise of ...
-
NewsAIT Worldwide Logistics acquires pharma forwarder
Ultra-low temperature freezer farm units at Mach II's Netherlands facility. Photo: Business WireUS-headquartered global freight forwarder AIT Worldwide Logistics has acquired Mach II Shipping Ltd, a UK-based freight forwarder specialising in worldwide distribution of pharmaceuticals and related products.The deal includes a subsidiary in the Netherlands in addition to a global ...