Freight forwarders – Page 32
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NewsDB Schenker and Lufthansa Cargo extend CO2 offer
Photo: Lufthansa CargoDB Schenker and Lufthansa Cargo will continue their fossil-free freighter flights between Frankfurt (FRA) and Shanghai (PVG).The joint offer towards greener logistics will extend until at least October.Lufthansa Cargo and DB Schenker have saved 31,000 tons of CO2e since starting their cooperation at the end of 2020. By ...
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Supply chain costs to rise as Ukraine crisis bites
Freight forwarders are warning of higher supply chain costs as the impact of the invasion of Ukraine disrupts transportation operations.The forwarding sector said the airspace restrictions imposed by Russia, European states, Canada, the UK and in North America were forcing airlines to cancel and adjust services."Adjustments to flight schedules are ...
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InsightsPutzger perspective: Outlook bright and tight
Copyright: Jaromir Chalabala/ ShutterstockStrong air cargo growth is expected to continue in the first half of 2022, but with continued pressure on capacity, writes Ian Putzger.Despite, and partly because of, ongoing turbulence, air cargo keeps going strong. The industry flew through 2021 with an 18.7% increase in traffic over 2020 ...
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InsightsRobust demand and rates for Asia-Europe air cargo
Asia-Europe air cargo trade looks set to continue with high rates and demand in 2022, writes Roger Hailey.Turbulence is an understatement when describing the many variables facing air cargo’s Asia-Europe trade lane in 2022.A cocktail of ingredients looms ominously: possible Covid-19 variants shutting down factories as well as airlines and ...
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time:matters partners with Air Europa on Sameday network
Time critical logistics firm time:matters has added new destinations to its Sameday Air network through a partnership with Air Europa.The flights will be offered through Air Europa's Madrid hub, connecting 14 stations in Spain, Germany, the Netherlands, Portugal and Italy.The company's sameday air service ensures the guaranteed consignment of time-critical ...
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Expeditors' operations begin to come back online following cyber attack
Expeditors is beginning to handle shipments again following a cyber attack two weeks ago.In its latest update, the US forwarder said that it was making progress in returning to normal operation, although recovery efforts are still underway."We are now handling shipments and providing services across most products and expanding recovery ...
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NewsDHL Global Forwarding gets greener
Photo: DHLDHL Global Forwarding is expanding its GoGreen Plus Service from ocean freight to include air cargo customers, who can now neutralise CO2 emissions on all trade lanes.Emissions are reduced by replacing the amount of conventional fossil fuel needed with sustainable fuel. Customers can pick and choose which parts of ...
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NewsCMA CGM plans airline launch for first half 2022
France-based shipping group CMA CGM looks set to launch its own Air Operator Certificate (AOC) airline in the first half of this year, which could mean a phased switch of A330-200 freighter services from its Liege hub in Belgium to Paris CDG.The Marseille-based ocean giant’s CMA CGM Air Cargo unit ...
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Expeditors continues to battle cyber attack
Expeditors continues to work on getting its operations back to normal following a cyber attack on February 20.In a February 23 statement regarding its work to restore operations, the US forwarder said: “Our employees are focused on deploying backup procedures and solutions during this time. Our cybersecurity and technology teams ...
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Ukrainian airspace closes while impact on trade expected
Ukrainian airspace has been closed as navigation services declare the region an active conflict zone.Early this morning, the European Union Aviation Safety Agency (EASA) issued a conflict zone information bulletin covering Kiev, Lviv, Dnipropetrovsk, Simferopol and Odessa flight information regions for all altitudes.Additionally, as a precautionary measure, the EASA said ...
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NewsExpeditors' operations hit following cyber attack
Source: ShutterstockGlobal operations at Expeditors are facing disruption after the US forwarder became the latest supply chain firm to suffer a cyber attack.On Sunday, the company told customers that it had suffered a targeted cyber attack. The forwarder said that it was working with global cyber-security experts to resolve the ...
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Röhlig Logistics partners with Lufthansa Cargo to cut carbon
Lufthansa Cargo and Röhlig Logistics are joining forces to offer customers a sustainable transport service by aiming to decarbonise selected routes.Röhlig Logistics relies on investments in certified climate protection projects in order to effectively compensate for CO2 emissions that arise during the transport of airfreight.The company is initially committed to ...
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Menzies accepts NAS takeover offer
John Menzies has approved a takeover proposal from Agility subsidiary National Aviation Services (NAS) Holding following its rejection of earlier offers.The board of Menzies has received a further revised “final” proposal from Agility subsidiary NAS regarding a possible all cash offer for Menzies of 608 pence per share.The deal has ...
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NewsJohn Menzies takeover bid intensifies
Photo: MenziesNational Aviation Services (NAS) has stepped up the pressure on takeover target John Menzies.NAS affiliate Agility Strategies Holding has entered into contracts to buy 13.2% of Menzies shares for 605 pence per share, higher than the original unsolicited bid.On February 9, NAS’ 510 pence per share offer for John ...
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NewsAtlas Air strikes charter agreement with Kuehne+Nagel
Photo: Atlas Air WorldwideAtlas Air will operate two new Boeing 747-8 freighters on a global basis for freight forwarder Kuehne+Nagel (K+N) in a long-term, dedicated charter agreement.The US-based freighter lessor will operate the aircraft for K+N following their delivery from airframer Boeing, with one expected in the third quarter and ...
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NewsFlexport is launch partner for Eastern Air’s express freighter service
Boeing passenger 777. Photo: BoeingFlexport has become the launch partner for Eastern Air’s express freighter service, with a multi-year contract using B777s with converted main deck cabins for e-commerce goods.US-based Eastern is expected to begin flying its B777 express freighters, once approved by the Federal Aviation Administration, on behalf of ...
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Menzies issues further takeover rebuff to NAS
Menzies has issued a further takeover rebuff to Agility subsidiary National Aviation Services (NAS), which last week launched a 510 pence per share bid for the Scotland-based wholesale airfreight and airport ground handling group.The board of Menzies said on February 15 that it has engaged with its shareholders following its ...
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Amazon targets freight forwarding with Global Logistics offering
Amazon is looking to ramp up its freight forwarding business as the e-commerce giant continues to expand its supply chain offering.Reports suggest the company is looking to grab marketshare in freight forwarding by offering low price container shipping services.German publication Handelsblatt said the low-price policy comes at a time when ...
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Menzies dismisses takeover bid
Aviation services group John Menzies has rebuffed a takeover bid from Agility subsidiary National Aviation Services (NAS) Holding.Menzies, which provides airfreight wholesale through Air Menzies International and ground handling through Menzies Aviation, said that after careful consideration it had rejected the offer of £5.10 per share.The board concluded that the ...
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NewsDSV reports record results on higher rates and GIL takeover
DSV reported record revenues and profits last year thanks to higher freight rates and acquistions.The Danish forwarder reported a 57.2% year-on-year increase in revenues for the year of DKr182.3bn, while earnings before interest and tax (ebit) were up 70.4% to DKr16.2bn and net profit climbed 164.3% to DKr11.2bn.Results were boosted ...