Freight forwarders – Page 78
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News
Panalpina warns of peak season bottlenecks on the ground
Panalpina has moved to secure airfreight capacity for the peak season, but has warned that supply chains could be equally affected by constraints on the ground.The Switzerland-based freight forwarder said that it had taken similar steps to last year to secure airfreight capacity for customers as it expects another busy ...
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CEVA Logistics joins blockchain-based technology solution from IBM and Maersk
CEVA Logistics has joined the TradeLens blockchain initiative created by IBM and Danish shipping giant AP Moller–Maersk which includes more than 20 port and terminal operators, customs authorities and 3PLs worldwide.TradeLens, based on secure blockchain technology, enables multiple trading partners to collaborate by establishing a single shared-view of a transaction ...
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Shipa Freight embraces the digital age
While the rest of the world moves increasingly into the digital age, freight forwarding appears to be getting left behind.A recent study looking at the top 20 forwarders, carried out by rate portal Freightos, was particularly eye opening.Although Freightos found that freight forwarders’ online offerings were gradually improving, it added ...
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Crane Worldwide celebrates 10 years since taking flight
Crane Worldwide Logistics has celebrated 10 years since its launch. The logistics firm was originally launched by Jim Crane in Houston in 2008, during the financial crisis, following a lost a takeover battle with investment firm Apollo for control of the firm he founded in 1984, Eagle Global Logistics.Since 2008, ...
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Rhenus to buy pharma specialist Avant Air and Sea in Ireland
Germany’s Rhenus Group has expanded its logistics presence in Ireland with the planned acquisition of temperature-controlled and pharmaceutical specialist Avant Air and Sea, subject to regulatory approval.Avant Air and Sea, headquartered in Dublin, also manages hazardous consignments and has been providing sea- and airfreight services and cross-border services for imports ...
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Waste not want not, DHL transports 140 ton heat boilers to Saudi
DHL Global Forwarding is transporting four 140-ton waste heat boilers from Germany to Saudi Arabia, using the Antonov An-225 freighter.DHL Industrial Projects, a unit within DHL Global Forwarding, is handling the multimodal movement of the four boilers, each measuring 3.7 m high, 4.1 m wide and 19 m long. According ...
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Agility airfreight's strong performance in Q2
A strong performance in airfreight helped Kuwait-based global logistics group Agility report second-quarter net profit of KD20m ($66m), an increase of 18.7% over the same period in 2017.Agility EBITDA grew 13.6% to KD37.1m, while revenue increased 12.3% to KD384.2m.First-half earnings of net profit of KD38.9 m were up 24%. First-half ...
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E-commerce and freight forwarding boost for DP DHL's second quarter
Deutsche Post DHL Group's (DP DHLG) revenue rose by 1.4% to more than €15bn in the second quarter of 2018, driven primarily by “significant gains” at DHL Express and Global Forwarding, Freight.The quarter's operating profit (EBIT) at the German logistics giant amounted to €747m, down by 11.2% against the record ...
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CEVA completes $1.4bn refinancing
CEVA Logistics has completed a comprehensive refinancing package, totaling $1.4bn.The company raised €300m of 5.25% senior secured notes due 2025, a $475m secured term loan B due 2025 and a $585m senior revolving credit and ancillary facility due 2023.The Switzerland-listed logistics company said that it has "achieved attractive terms and ...
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Kuehne+Nagel makes another perishables acquisition
Kuehne + Nagel (K+N) has completed the acquisition of the perishables business of Panatlantic Logistics, Ecuador.K+N said the acquisition will enable it to strengthen its position in the export market to the US, Europe and the Asia-Pacific region.Yngve Ruud, member of the Managing Board of K+N International, responsible for airfreight, ...
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West appointed managing director at Elite Global Logistics Network
Independent freight forwarding group WCA has appointed Matthew West, its director of North America, as the managing director at Elite Global Logistics Network (EGLN) which merged with WCA in October of 2017.“Appointing Matthew to managing director was a no-brainer,” said Roy Stapleton, president and founder of EGLN - which celebrated ...
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E-commerce fuels XPO's second quarter
E-commerce helped XPO Logistics record a 16% year-on-year revenue rise to $4.36bn in 2018's second quarter, as the acquisitive US giant also gained $2.1bn of new business in the first six months of this year.Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased to $436.7m for the second ...
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E-commerce fuels XPO's record Q1 earnings
XPO Logistics saw record first quarter 2018 revenues with an 18.4% increase year-over-year to $4.19bn, led by organic growth in e-commerce demand for last mile and contract logistics.The fast growing US-based supply chain giant also captured $972m of new business during the first three months of this year, up 36% ...
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UK Customs crunch warning as new system faces significant Brexit challenges
The UK National Audit Office (NAO) has warned that "significant challenges" remain in the implementation of a new Customs Declaration System (CDS) which is due to go fully live in January 2019.In a progress update report on the implementation the NAO also acknowledges that HM Revenue & Customs (HMRC) has ...
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Speed and precision a key battleground in the forwarding market
The entrance of digital forwarders is driving technological investment as companies look to improve the speed and precision of their services.Ahead of the release of its annual global forwarding report, analyst Transport Intelligence (TI) has released some of the key findings from interviews and research with freight forwarders and major ...
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DSV air cargo volumes up 12% in Q2
Denmark-based logistics operator DSV recorded an 11% increase in airfreight volumes to 336,300 tonnes during the first half of 2018, driven mainly by a "strong performance" in EMEA and Americas exports.The rise in DSV's half year air cargo throughput outpaced an overall market benchmark of 5% growth in the same ...
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CEVA cuts transit times for Rolls Royce aero-logistics
CEVA Logistics has completed phase one of a global inbound aero-logistics project for Rolls-Royce. Starting in 2017 and running through the first half this year, CEVA has designed, implemented and managed the domestic, regional and international shipment of aerospace parts for both the civil and defence divisions of Rolls-Royce.Over 1,200 ...
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CEVA continues to improve despite drop in airfreight volumes
CEVA Logistics saw its airfreight volumes decline during the second quarter as a result of the end of old customer contracts and ahead of the start of new ones.The latest financial results from CEVA show that total air cargo volumes declined by 1.3% year on year to 120,200 tonnes despite ...
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DHL and Ethiopian Airlines confirm African joint venture
DHL Global Forwarding and Ethiopian Airlines are to form a joint venture company to “build the leading cargo logistics provider joint venture company in Africa”.DHL-Ethiopian Airlines Logistics Services will be based in Ethiopia but will conduct business on the entire African continent, said the two companies in a statement.Ethiopian Airlines, ...
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Carter joins CEVA in contract logistics role
CEVA Logistics has appointed of Terry Carter to the newly created position of senior vice president transportation for Contract Logistics.Carter will be based in the US and report to Brett Bissell, chief operating officer for contract logistics.In his new role, Carter is charged with driving operational and commercial best practices ...