Freight forwarders – Page 8
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News
Bloomberg: Private equity and shipping giants circle DB Schenker
German forwarding and logistics company DB Schenker has attracted bids from shipping and logistics giants as well as a private equity consortium.According to a report in Bloomberg, a consortium led by CVC Capital Partners and Carlyle Group has submitted a bid worth around €14bn.Meanwhile, DSV, AP Moller Maersk and Mediterranean ...
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NewsUS FAA legislation includes review of airport truck delays
AfA members. Source: AfAUS president Joe Biden has signed into law the Federal Aviation Administration Reauthorization legislation, which includes a section on reviewing truck congestion issues at US airports.The US Airforwaders Association (AfA) said that under the new law, the General Accountability Office will assess air cargo operations across the ...
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News
Worsening box line disruption to have limited air cargo impact
Disruption to container shipping operations out of Asia has unexpectedly worsened over recent weeks but the development is expected to have limited impact on air cargo.The last few weeks have seen the return of port congestion and container shipping capacity shortages out of Asia push up ocean freight rates.Figures from ...
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NewsRhenus appoints co-VPs for project logistics
Moritz Becker (L) (Copyright Foto-Studio Penz oHG) and Colin D'Abreo. Source: Rhenus GlobalThe Rhenus Group has appointed Moritz Becker and Colin D'Abreo as co-vice president directors of its project logistics global division.Becker will lead operations in Europe, the Commonwealth of Independent States (CIS), and Southeast Asia and the Pacific (SEAPAC). ...
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NewsDHL Global Forwarding adds chatbot to customer portal
Source: DHL Global ForwardingDHL Global Forwarding has added a chatbot to its myDHLi customer portal as one of a number of upgrades aimed at helping customers "navigate challenges in their logistics".The forwarding giant said that the virtual assistant can, for example, provide information on shipment statuses, find contact details and ...
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News
Air cargo looks to index-linked deals in response to a volatile market
Freight forwarders and shippers are increasing the use of index-linked deals due to current industry volatility.Speaking on a webinar from data provider Xeneta and Tiaca, the two organisations said that supply chains were facing unpredictability and elongated transit times in ocean shipping due to the Red Sea crisis.Meanwhile, e-commerce volumes ...
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NewsAir Cargo News Awards entry deadline approaches
The entry deadline for the Air Cargo News Awards is fast approaching.This year's awards are open for entry until 5pm (UK time) on June 7, meaning there is just 18 working days left to submit an entry.The awards are now in their 40th year and recognise the achievements of the ...
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NewsKintetsu expands in Schiphol with new air cargo facility
Source: KWE. Copyright: WDPKintetsu World Express (KWE) Benelux is planning to open a new air cargo terminal near Schiphol Airport as it looks to expand its handling capability.The new facility will measure 18,270 sq m, with 9,175 sq m of warehousing and 735 sq m of office space. It is ...
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NewsAsia-Europe trade aids DHL's Q1 airfreight volumes
Growth on trade between Asia and Europe was the main driver for a rise in DHL's airfreight volumes in the first quarter of this year, although airfreight revenue and profit suffered.DHL reported a 5.1% year-on-year rise in airfreight volumes to 435,000 tons in the first quarter.First quarter airfreight revenue in ...
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Insights
US freight forwarders take note: new guidance clarifies export compliance responsibilities
The Bureau of Industry and Security (BIS) recently released a document outlining best practices and responsibilities for freight forwarders engaged in international trade.This information is critical for freight forwarders to ensure they operate within legal boundaries and mitigate risks associated with export compliance.The guidance brings clarity to the roles and ...
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NewsQatar Cargo aims for efficiencies with data, index-linked deals and by tackling no-shows
Qatar Airways Cargo is aiming to create efficiencies in the supply chain by tackling the issue of shipment no-shows, pushing for index-linked long-term contracts and integrating more data into its systems.Speaking exclusively to Air Cargo News (ACN), Qatar Airways chief cargo officer Mark Drusch outlined the three initiatives that he ...
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NewsAir cargo demand growth slows in April while attention turns to Q4
April was the fourth month in a row that global air cargo demand increased by over 11% but the market has begun to slow down after a busy start to the year, according to analysis by Xeneta.Additional belly capacity is affecting the dynamic load factor, air cargo demand as a ...
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NewsAGI Global Logistics starts strategic partnership in Sweden
Source: AGI Global LogisticsUK-based freight forwarder AGI Global Logistics has begun a new partnership with Swedish logistics company Scandinavian Shipping & Logistics (SSL).The partnership is anticipated to strengthen and expand AGI's freight and logistics services offered to customers operating in the Scandinavian market.AGI confirmed to Air Cargo News that the ...
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News
Geodis strengthens pharma capabilities in Europe
Geodis has strengthened its temperature-controlled pharmaceutical shipment capabilities in Europe by obtaining IATA's Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma) certification for its Copenhagen, Denmark site.The freight forwarder now has a total of 28 CEIV Pharma certified sites across its global network in the Americas, Asia ...
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NewsDSV airfreight volumes up 2.3% in Q1 but profit falls with rates
DSV's airfreight volumes benefited from strong demand out of Asia in the first quarter of the year, although revenue and profit fell as rates dropped in the market.The forwarder's airfreight volumes increased 2.3% in the first quarter of 2024 to 335,213 tonnes. This is compared to 327,712 tonnes in the ...
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NewsK+N sees airfreight turnover and profits fall in first quarter
Both airfreight-related turnover and profit fell year on year in the first quarter of 2024 for Kuehne+Nagel (K+N), contributing to some disappointing results across the business.Across K+N, turnover was down by 18% over the first quarter of 2023, gross profit by 13%, and the figures for K+N’s Air Logistics segment ...
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NewsStricter air cargo monitoring "not a concern"
From left to right: Airforwarders Association executive director Brandon Fried; cargo.one chief executive Moritz Claussen; Turkish Cargo cargo vice president Americas Salih Kamil Salihoğlu; UPS vice president Susana Pereira; and Southwest Airlines managing director of strategy & business services Michelle Williams. Photo: IATAAir cargo stakeholders are not concerned about the ...
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NewsEuropa charters AN-124 for urgent hydraulic shipment
Kevin Perry of Europa. Photo: John RobertsonFreight forwarder Europa Air & Sea recently chartered an Antonov AN-124 for an urgent hydraulic pump unit shipment from the UK to UAE.The company said that the sheer size of the cargo meant it had to utilise the 120-tonne capacity aircraft and also needed ...
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NewsDHL expands emergency response programme to Europe
Source: DHL GroupDHL has expanded its GoHelp programme to Europe following a rise in the number of catastrophes hitting the continent in recent years.The new GoHelp Europe team is divided into two areas: disaster response (DRT) and disaster preparedness. The European DRT team is holding its first training session between ...
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News
Swissport adds forwarder handling services at Frankfurt
Swissport has continued to roll out its forwarder handling services, with JAS Worldwide utilising the product in Frankfurt.The handler has been offering forwarder handling at its facilities in Vienna and Graz for a number of years but is now looking to roll the service out globally.Frankfurt is the latest location ...