Freight forwarders – Page 49
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News
Expeditors outlines 'intense' and 'unsettled' Q2 for air cargo
Seattle-headquartered freight forwarder Expeditors has described the second quarter as "intense" and "unsettled" as a result of the supply-demand imbalance in air cargo.Summing up the second three months of the year, president and chief executive Jeffrey Musser said that the Covid-19 outbreak has had a significant and widespread impact on ...
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NewsCrane Worldwide appoints new CIO as it celebrates 12 years
Brannon KuykendallCrane Worldwide has appointed Brannon Kuykendall as its chief information officer, while it is also about to celebrate 12 years of operations.The forwarder said that Kuykendall has successfully led technology teams ranging from start-ups to Fortune 500 enterprises and has a diverse experience in software development, cyber security, compliance, ...
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NewsVolga-Dnepr partners with K+N to transport power turbine
Volga-Dnepr Airlines has teamed up with Kuehne+Nagel (K+N) to move a power turbine from the UK to Russia.The cargo, which weighed 4.5 tonnes, was loaded into Volga-Dnepr’s An-124 aircraft (IL-76TD-90VD) aircraft using its onboard crane system before being flown to the Midlands, UK.Oleg Makushkin, head of procurement and airline relations, ...
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NewsAirfreight propels 'better than expected' Q2 results for DSV Panalpina
DSV Panalpina saw its airfreight revenues rapidly increase during the second quarter of the year as a result of the coronavirus outbreak and the ongoing integration of Panalpina.The forwarder saw airfreight revenues for the second-quarter increase by 164.2% year on year to DKK12bn, gross profit for its air business was ...
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News
Airfreight the star for CH Robinson in volatile Q2
Third-party logistics provider CH Robinson saw second quarter 2020 revenues fall 7.2% to $3.6bn in a “volatile environment” and lower pricing in trucking while airfreight revenues surged due to reduced capacity and larger shipment sizes.Net group revenues decreased 11.6% to $614.5m as income from operations dropped 17.0% to $188.8m.Second quarter ...
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NewsSame-day network expanded to the US for time:matters
Time-critical logistics firm time:matters has expanded its same-day network to the US.The Lufthansa-group company said that it is now offering a total of 89 stations for the domestic transport of time-critical shipments to major economic centers in the US.The company is able to offer the service on 45,000 flights per ...
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NewsDHL adds new life sciences facility in the US
DHL Global Forwarding has opened a new $1.6m facility in Indianapolis in the US as it continues to target the life sciences market.The building offers bonded services and three temperature controlled chambers: 15-25 degrees Celsius storage and handling, 2-8 degrees Celsius storage and handling and -20 degrees Celsius storage and ...
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NewsPilot Freight Service appoints non-executive chair
Logistics provider Pilot Freight Services (Pilot) has appointed Jerome Lorrain as non-executive chair, as well as a member of the company board.Lorrain, who replaces former non-executive chair Don DeFosset, has more than 20 years' of experience in supply chains, logistics and transportation.DeFosset will remain a member of the board of ...
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News
BIFA welcomes latest round of customs declaration funding
Customs intermediaries based in the UK can apply for £50m of new funding to help expand declaration capacity ahead of the ending of the Brexit transition period.At the end of the year, the UK's transition period for leaving the European Union will come to end, meaning customs formalities and controls ...
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NewsDHL expands FTZ presence with new Texas site
DHL Global Forwarding has expanded its foreign trade zone (FTZ) presence in the US with a new site at the El Paso, Texas, airport.FTZs are secure areas under US customs and border protection supervision that are generally considered outside of the US for customs purposes. FTZs are used for loading, ...
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NewsUnited Cargo ships food aid flight to Guam
United Cargo has helped move 190,000 pounds of fresh produce to Guam for the US Department of Agriculture's Coronavirus Farm Assistance Program.The airline worked with food-logistics specialist Commodity Forwarders Inc. (CFI) to transport the produce from Los Angeles (LAX) to Guam (GUM) on United's new cargo-only flight – a route ...
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News
Airfreight rates predicted to rise over the coming months as capacity tightens
Airfreight rates from China and Hong Kong are set to rise again over the coming months as new product launches and a lack of capacity put load factors under pressure, according to freight forwarder Flexport.Last week rates out of Asia appeared to stabilise — and even crept up a little ...
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NewsForwarders combat capacity crunch with expanded charter operations
Forwarders are strengthening their chartered freighter operations as bellyhold capacity continues to fall short of demand and the recovery timeframe for the passenger sector remains unclear.DSV expanded its airfreight charter network through its Panalpina operations and partnerships with air cargo carriers to offer cargo capacity and "reliable transit times" on ...
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News
K+N grabs market share from smaller forwarders
Kuehne+Nagel (K+N) has been grabbing market share from some of its smaller rivals as a result of the Covid-19 outbreak.Speaking following the announcement of its second-quarter results, K+N chief executive Detlef Trefzger said that its ability to maintain operations and connect with customers through technology had helped it to win ...
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News
K+N sees airfreight revenues and profits rise in H1
Kuehne + Nagel's air division experienced an increase in revenues and profits in the first half of the year despite the coronavirus outbreak.The forwarder recorded a 4.2% year-on-year increase in net turnover in the first half of this year to CHF2.5bn in 2020, while earnings before interest and tax (ebit) ...
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NewsDigital air cargo bookings continue to grow despite Covid-19 outbreak
The use of air cargo online booking portals looks set to increase over the coming months, despite a slowdown in growth during the height of the PPE capacity crunch.Freightos chief marketing officer Eytan Buchman told Air Cargo News that its WebCargo booking platform, which has 22,000 users and claims to ...
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NewsForwarder Tigers appoints MD for China
Tigers has appointed Jana Schebera as its new managing director, China, adding a further layer of freight forwarding expertise as the logistics provider continues to find growth in Asia.Prior to moving to Tigers, Schebera spent more than a decade in the industry holding positions that included managing director for Hong ...
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NewsDHL: Supply chains set to diversify in response to covid-19
DHL is expecting supply chains to diversify over the coming months in response to the coronavirus outbreak.The express giant today released a new study, produced in conjunction with Cranfield University in the UK, looking into the impact of the coronavirus outbreak on future supply chains.The study found that in the ...
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News
CEVA launches new cargo booking platform
Freight forwarder CEVA has launched a new booking portal as it continues its digital drive.The system will initially be used for ocean transport but will eventually also be rolled out for air and road, although it has yet to announce a timeline for the roll out to these modes.The myCEVA ...
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News
IAG Cargo launches loyalty programme for larger customers
IAG Cargo has established a new loyalty programme for its larger freight forwarder customers.The Forward.Platinum programme allows customers with a revenue spend of €1.3m per year to redeem loyalty points for flights with British Airways and Iberia, or at 250,000 hotels worldwide.The company said the new scheme would complement its ...