Freight forwarders – Page 13
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News
Hellmann expands into Ireland with new business
Hellmann Worldwide Logistics has expanded into the Republic of Ireland with the opening of its first branch.The forwarder's new business is close to Dublin Airport and will provide airfreight, seafreight, overland and customs clearance services.The new company will target the time-critical pharma and healthcare industries, as well as the electronics ...
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InsightsLatin America: Yields under pressure as capacity outstrips demand
The recovery of passenger flights has resulted in an influx of cargo capacity for many countries in Latin America while export demand from the region remains strong.For much of this year, IATA’s monthly cargo statistics have shown Latin America as the region with the strongest growth in cargo traffic.Business did ...
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InsightsEmerging trends in air cargo
Neil Bulfield. Source: DG InternationalIn this column for Air Cargo News, Neil Bulfield, head of airfreight at DG International, reflects on the current state and projected future of the airfreight industry, revealing several critical trends and challenges for 2024.The evolution of e-commerceWhile e-commerce is still a relatively new phenomenon, it’s ...
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News
US FAA orders urgent inspection of 747 lightning protection
The US Federal Aviation Administration (FAA) has ordered all US Boeing 747 operators to carry out urgent inspections of lightning protection systems on the aircraft.The US FAA yesterday issued an airworthiness directive ordering all 747 operators to carry out the inspections due to early degradation of the lightning protection safety ...
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News
Insurance integration for Breeze and Barrington Freight
Barrington Freight has signed up with Breeze's integrated digital insurance platform.Use of the platform removes the need to source insurance separately, which Breeze claims reduces costs by avoiding high premiums charged by third-party insurance providers."Utilising Breeze’s AI-driven platform to optimise quote generation, policy binding, and claims processing, Barrington has significantly ...
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NewsK+N ships cargo on 100% SAF powered transatlantic flight
© 2023 Kuehne+Nagel. All rights reserved.A Kuehne+Nagel (K+N) shipment was onboard the first ever commercial transatlantic flight 100% powered by sustainable aviation fuel (SAF) earlier this week.The flight hit the headlines on November 29 when a Virgin Atlantic Boeing 787 Dreamliner was filled with 50 tonnes of SAF for its ...
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NewsAsia holds demand and capacity cards
DHL Global Forwarding (DHL GF) paints a broadly stable picture for air cargo demand in its November 'Air Freight State of the Industry' report."Air cargo demand remain(s) steady, with a slight increase month on month (MoM), and remains flat year on year (YoY)," surmised the report.While overall demand was stable, ...
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NewsK+N buys Canadian customs broker
© 2023 Kuehne+Nagel. All rights reserved.Kuehne+Nagel (K+N) has purchased Canadian customs broker Farrow as it responds to "increasingly complex international trade regulations".Farrow employs 830 people at 41 locations across Canada and the US and in 2022 the firm managed more than 1.5m customs entries.Explaining the logic behind buying the firm, ...
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News
Rates continue to rise in November despite muted demand
Airfreight rates on major east-west trade lanes continued to pick up in November as weather conditions, e-commerce demand and capacity constraints helped push up prices (see dashboard at end of article).The latest figures from the Baltic Exchange Airfreight Index (BAI) – taking into account both spot and contract rates – ...
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NewsAir cargo's rollercoaster ride set to end in 2024?
The air cargo rollercoaster ride of the last few years is looking like it could end in 2024 with "classic seasonality" set to return, although there could still be some bumps along the way.In its market outlook for 2024, data provider Xeneta predicts that air cargo volumes will rise by ...
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News
Mother nature helps push up airfreight rates
Airfreight rates continued to rise last week as weather conditions, volcanic activity and wars put capacity under pressure.The latest figures from TAC Index show that the overall Baltic Air Freight Index was up 4.6% in the week to November 20 compared with the previous seven days.The increases were led by ...
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NewsForwarder LX Pantos the first to sign up for Korean Air's SAF programme
(L) Jaedong Eum, Korean Air, and Keun Taek Oh, LX Pantos. Source: Korean AirKorean Air has partnered with forwarder LX Pantos to expand the use of sustainable aviation fuel (SAF) on cargo flights.The two companies signed a memorandum of understanding (MOU) at the Korean Air headquarters on November 20 that ...
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News
US forwarders brace for kickback on larger shipment screening rules
US freight forwarders are bracing for shipper kickback on recently implemented security requirements for larger shipments.At the end of October, shippers wishing to fly cargo that cannot be screened due to size or volume restrictions – such as aircraft engines, oil drums, or oil field drilling equipment - were required ...
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NewsWeFreight hires new MD
Axel Herzhauser. Photo: WeFreightDubai-headquartered freight forwarder WeFreight has appointed Axel Herzhauser as its new global managing director, effective immediately.Ingo Kloepper will be stepping down from the role after a short transition period.Herzhauser, who will be based in Dubai, was previously regional managing director for Middle East and Africa at CEVA ...
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NewsCargo-partner expands in the UK with Heathrow office
Source: Cargo-PartnerLogistics firm cargo-partner has continued to expand its presence in the UK with the addition of a new office close to Heathrow Airport.The company said the new office is in response to "growing customer demand from local customers".The company also has UK offices in Manchester, Basildon and Bradford and ...
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News
Omni Logistics takes Forward Air to court over merger delay
Omni Logistics has filed a lawsuit against Forward Air in a bid to enforce the merger agreement between the two companies.The merger agreement between the companies was announced in August, however, at the end of October, global multimodal provider of air, ocean and ground services Omni Logistics said it had ...
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News
Flexport adds SAF option to forwarding platform
Freight forwarder Flexport has partnered with climate change tech firm Chooose to add an option to utilise sustainable aviation fuel (SAF) to its platform.Flexport customers will have access to the SAF option within the forwarder's sustainability dashboard.The book and claim model will enable customers to purchase SAF certificates that can ...
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News
CH Robinson third quarter air cargo volumes dip
Multimodal third-party logistics service provider (3PL) CH Robinson saw air cargo volumes within its forwarding unit drop in the third quarter as it grappled with a challenging market.Minnesota, US-headquartered CH Robinson saw its third-quarter (for the period ending September 30) revenue fall by 27.8% year on year to $4.3bn and ...
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NewsDHL holds out against lower volumes in Q3
DHL Group HQ in Bonn. Image Source: DHL GroupA logistics market that is continuing to return to pre-pandemic normality in the wake of the spike in demand seen during the Covid crisis, coupled with an unsettling global geopolitical and economic situation, has impacted DHL Group’s newly released third-quarter financial results.As ...
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NewsFedEx pack an economic punch
Image Source: FedExFedEx Corporation has released its annual Economic Impact Report, a study that assesses the company’s worldwide network and its role in driving innovation over the course of the 2023 fiscal year (defined by FedEx as running from June 1 2022 to May 31 2023).The report is used to ...