Freight forwarders – Page 69
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News
Pohl heads Dachser Malaysia
German logistics company Dachser has appointed Daniel Pohl as managing director of Dachser Malaysia.Pohl, who comes from a German-Indonesian family and lived in China for 23 years, brings international expertise to the Dachser country organisation.He reports to Christophe Vincent, managing director air and sea logistics Thailand, Singapore, Vietnam and Malaysia ...
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NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
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News
Panalpina shareholder battle continues with voting right dispute
Panalpina’s second largest investor has hit out at plans to change shareholder voting rules as the battle to control the future of the forwarder continues.Earlier this week majority holder, Ernst Göhner Foundation (EGF), which holds around 46% of the company, submitted a request a request that the company change to ...
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News
Losses deepen at CEVA as one-time items hit profitability
CEVA Logistics reported another loss in 2018 as “various one-time items” took their toll on company financial performance.The forwarder, which last year had box line CMA CGM become a strategic partner following an IPO, saw revenues for the year increase by 5.2% year on year to $7.4bn, earnings before interest, ...
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NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...
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Panalpina considers voting rule change following shareholder complaint
Panalpina is considering changing its shareholder voting rules following a request from its majority investor.Majority shareholder Ernst Göhner Foundation (EGF), which holds around 46% of the company, has submitted a request that the company change to a One Share–One Vote standard at an extraordinary shareholders' meeting to be held prior ...
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NewsExpansion in Miami for B&H and Tigers
Logistics firms B&H Worldwide and Tigers USA have both moved to larger facilities in Miami to meet demand growth.Aerospace logistics provider B&H Worldwide said that increased, ongoing customer demand and expectations of business growth in the US had led it to move to a new location that offers three times ...
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News
Kerry Logistics to offer 'smart sensor' providing 'total supply chain visibility'
Kerry Logistics will offer customers the option of using a 'smart sensor' within their supply chain, which enables total supply chain visibility and improved security.The logistics firm said the smart sensor monitors cargo across ocean, air, and ground transportation around-the-clock and is accepted in over 190 countries. Both consignees and ...
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News
Flexport secures $1bn investment for infrastructure and technology
Freight forwarder Flexport has secured $1bn in funding, which will be used to invest in technology and infrastructure.The investment round was led by the SoftBank Vision Fund, with participation from existing investors Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Express, which has previously invested $100m in the ...
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Baxter Freight achieves AEO Status
Nottingham, UK-headquartered forwarder Baxter Freight has been granted Authorised Economic Operator (AEO) status by HM Revenue & Customs (HMRC).The cargo agent’s international freight and customs manager Brendan Pickering explained the background to the award.“The entire Baxter Freight team has been working hard on achieving AEO status for the past 12 ...
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News
BIFA launches Young Forwarders Network
The British International Freight Association (BIFA), the trade association representing a large number of UK freight forwarding and logistics companies, is soon to launch a new networking group called the BIFA Young Forwarders Network (YFN).The YFN, which will be launched on 6 March at the imminent National Apprenticeship Week (NAW ...
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News
Expeditors reports on steady fourth-quarter performance
Seattle, Washington state-headquartered forwarder Expeditors International has released fourth-quarter 2018 results that included an 18% year on year improvement in revenues and 9% improvement in operating income.Airfreight volumes handled were up by 2% on those of the same quarter of 217.President and chief executive Jeffrey Musser observed: “The fourth quarter ...
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NewsPanalpina introduces new digital portal
Panalpina has developed a new digital portal offering a wide range of instant and real-time services that it describes as “state-of-the-art”.Currently available to select customers by invitation only, it will be launched globally this summer.Customers will be able to manage their entire supply chain end-to-end with all their partners through ...
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BIFA calls for response to UK Government’s Brexit consultation
The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has urged its members to respond to the UK Government’s aviation policy consultation process.As the UK prepares its long-term aviation policy running through 2050, the government has sought industry input into developing its strategy.The ...
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NewsPanalpina subscribes globally to digital IATA manuals
Panalpina has become the first freight forwarder to subscribe globally to IATA’s digital manuals.As a result, its airfreight specialists right around the world can now access the latest regulations and industry standards online.This way, says the Switzerland-based company (and fourth-largest forwarder in the world in terms of air cargo volumes), ...
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NewsKerry ties up with E-Services Group on e-commerce
Asia-based but globally active 3PL Kerry Logistics has announced that it is to create a joint venture (JV) with Hong Kong-headquartered E-Services Group (ESG), an international e-commerce company active in Asia.The tie-up – Kerry ESG (HK) Company Limited (or, more simply, Kerry ESF) – is expected to go into operation ...
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News
Kale Logistics Solutions highlights value of African market
Kale Logistics Solutions, which supplies IT systems to the global logistics sector, has revealed its belief in the importance of the African continent as an emerging market.Air Cargo Africa is currently taking place (it runs between February 19 and 21 February) at Casino Convention Resort, Emperors Palace, in the city ...
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NewsSEKO customers benefit from Easyship connectivity
SEKO e-commerceSupply chain services provider SEKO Logistics’ partnership with Easyship, a cloud-based shipping platform that helps e-commerce traders to ship worldwide, is benefiting the customers of both businesses, according to the former.The Easyship platform gives its 40,000 retail and etail users quick and easy access to SEKO’s cross-border e-commerce offerings.Shipments ...
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Airfreight helps drive profit improvement at Agility
Logistics firm Agility saw revenues and profits improve last year, while it has also confirmed that it has entered tie-up talks with Panalpina.The Kuwait-headquartered logistics firm saw revenues for 2018 increase by 10.2% year on year to KD1.5bn, while ebitda was up 14.5% to KD154.8mand net profits jumped 18.4% to ...
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Panalpina seeks tie up with Agility as DSV ups its offer
The ongoing Panalpina takeover saga took another twist today as the forwarder announced it was in talks with Kuwait-headquartered Agility over a potential tie up and in response DSV has upped its offer for Panalpina.Panalpina this morning confirmed media reports that it is "in discussions with Agility Group on potential ...