Freight forwarders – Page 74
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News
DSV airfreight grows above market rate in third quarter
The DSV Air & Sea division reported a 10% increase in airfreight volumes for the first nine months of 2018, with seafreight recording 4% growth.The Denmark-based logistics operator says the airfreight increase was mainly driven by a strong performance on EMEA and American exports and compared well with an estimated ...
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DB Schenker expands training options
DB Schenker and the Fraunhofer Institute have developed an innovative employee training program on packaging and order-picking processes as part of a long-term partnership.The training program is built around six exercises that teach the participants about the processes by encouraging playful learning. The employee training course is currently available in ...
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DHL sets up strategic partnership for supply chain operations in China
Deutsche Post DHL Group will transfer its supply chain operations in China to S.F. Holding in a ten-year strategic partnership to grow this business in China.As part of this deal, Deutsche Post DHL Group (DP DHL) will receive an upfront payment of RMB5.5bn (approximately €700m) and a revenue-based partnership fee ...
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Panalpina increases profitability in a ‘very volatile environment’
Panalpina’s airfreight volumes increased 4% in the first nine months of 2018, in line with estimated market growth of 4%. Compared to the same period of last year, gross profit per ton increased 12% to CHF705, resulting in a gross profit of CHF530m compared with CHF456m.EBIT in airfreight increased from ...
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CEVA stakeholder CMA CGM to provide "exit option" to other shareholders
CEVA Logistics is to broaden the partnership with CMA CGM, its major shareholder and strategic partner.As part of this initiative, CEVA Logistics will acquire the freight management business of CMA CGM.The Board of CEVA Logistics has also agreed that CMA CGM can offer to buy shares in CEVA Logistics from ...
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New forwarder network launched
New Generation Logistics Network (NGLN) has been launched to help small to medium-sized forwarder members compete with the large global logistics companies.“The world of supply chains has undoubtedly become increasingly complex, compounded by the rise of e-commerce, new technologies, regulatory and customer demands, along with unparalleled risk,” said Mark Boggis, ...
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K+N achieves new food safety standard for Heathrow perishables centre
Kuehne+Nagel (K+N) has achieved the revised food safety management standard [ISO 22000:2018] at its Heathrow Perishables Handling Centre (PHC).At 28,500 sq ft, the PHC is Heathrow’s largest on-airport chilled facility with 10 dock level doors and three ULD doors.Richard Werran, group director, food EMEA, with business standards company BSI, said: ...
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News
DSV pulls out of CEVA bid process after revised offer is rejected
DSV will not seek to acquire CEVA Logistics after the Danish supply chain giant's "revised private proposal" was rejected.The second offer of CHF30 a share by DSV would have provided CEVA shareholders with a premium of 60.4% to CEVA’s share price of CHF 18.70 as of 1 October 2018.DSV's first ...
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Seko Logistics wins beauty contest
Feelunique, Europe’s leading online beauty retailer, is opening a distribution hub in Hong Kong this month in partnership with SEKO Logistics to serve its rapidly growing customer base in mainland China.Sales have grown exponentially since the retailer launched its dedicated Chinese website three years ago and China now accounts for ...
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Yusen wins Jurox animal healthcare contract
Animal healthcare specialist Jurox has awarded Yusen Logistics UK a contract for warehousing and final mile distribution in the UK and Ireland as part of a strategic move to appoint one global partner.Yusen Logistics already handles Jurox’s international cross border airfreight, together with its complete outbound and inbound flows from ...
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DHL fashions the global logistics for Sweden's Lindex
DHL Global Forwarding has assumed all the freight operations for Lindex, the Swedish fashion chain with 490 stores across 18 Markets plus e-commerce in 30 countries.The forwarding arm of logistics giant DHL manages freight consolidation and distribution to Lindex. Cargo must be shipped from 240 factories managed by 140 suppliers ...
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FedEx buys Australian forwarder Manton Air-Sea
FedEx has acquired Sydney-based forwarder Manton Air Sea to operate as a subsidiary of the FedEx Trade Networks operating company.Richard Smith, president and chief executive, FedEx Trade Networks, said: “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to ...
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DHL races ahead
DHL Global Forwarding is using a combination of air, sea and road to move racing cars and associated cargo to back-to back racing events in Japan.To support the races, the logistics giant will manage all transportation, customs clearance and ground handling for 36 racecars, spares, and ancillary equipment – including ...
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News
K+N airfreight tonnages up 16% in first nine months of 2018
Logistics giant Kuehne+Nagel (K+N) saw airfreight tonnage increase by 16% to 1.3m tonnes in the first nine months of 2018, well above market growth, with major contributions from industry-specific end-to-end solutions.Detlef Trefzger, chief executive of K+N International, said: “Kuehne+Nagel has continued its dynamic performance from the first half of the ...
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Panalpina boss on peak season: “airfreight capacity alone will not save the day”
Panalpina chief executive Stefan Karlen has warned that “airfreight capacity alone will not save the day” in air cargo's looming peak season, adding that “smooth operations on the ground will be equally important”.Karlen said that this year’s airfreight market is “not quite as strong” as in 2017, although rates remain ...
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CMA CGM ups share stake in CEVA Logistics to 33% after rejected DSV bid
Container shipping line CMA CGM has raised its stake in CEVA Logistics from 24.99% to 33% of company shares following the failed takeover approach for CEVA by Danish logistics giant DSV.CMA CGM, the world's third largest container shipping group, has also announced an “additional economic exposure of 4.56%” in CEVA ...
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CEVA appoints shareholder CMA CGM executive to top finance role
CEVA Logistics has appointed shareholder CMA CGM's Serge Corbel as its new chief financial officer (CFO), replacing Peter Waller who will pursue other career opportunities outside of the company.Corbel has been in the logistics industry for more than 30 years and has worked for current employer CMA CGM for more ...
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B&H Worldwide strengthens European aerospace logistics offering
Aerospace logistics provider B&H Worldwide has launched a pan-European road transport network “to enable the provision of a reliable alternative to airfreight across the continent” and has opened new offices in Frankfurt and Prague.The company says the new offices “will also be used to assist customers to navigate and plan ...
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Panama Canal growth pushes cargo from air to sea
Panama’s air cargo industry has lost market share to ocean transport as a result of increases in the use of the Panama Canal port,s and the trend is expected to continue as the transport artery is widened.Speaking at the Air and Sea Cargo Americas event in Miami, Copa Airlines senior ...
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CEVA board rejects unsolicited takeover bid
CEVA Logistics' board of directors has rejected an unsolicited non-binding proposal to acquire the company at the price of CHF27.75 per share in cash, valuing the company at around $1.5bn. The bidder was later revealed to be Denmark's DSV.The board of the Switzerland-headquartered supply chain giant "carefully reviewed" the proposal ...