Freight forwarders – Page 82
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News
CH Robinson sees airfreight revenues increase by over 20% in Q1
US forwarder CH Robinson saw airfreight revenues increase by more than 20% in the first quarter of the year as market growth and acquisitions helped boost performance.The company said its freight forwarding division saw total revenues for the quarter increase by 18.1% to $553m on the back of double-digit volume ...
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UK's logistics sector told to do more to avoid staff shortfall
Logistics firms are targeting students as young as 14 in an attempt to create more interest in the profession, as fears intensify of a gaping staff shortfall in the future.Speaking at the Multimodal exhibition, Ian Nichol, head of logistics at Career Ready, said that the industry is expected to need ...
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NewsDSV sees airfreight volumes continue to grow
DSV continued to report strong growth in airfreight volumes during the first quarter of the year, while revenues also improved.The Danish forwarder saw first-quarter airfreight volumes increase by 10.9% year on year to 163,000 tonnes. Last year the company saw airfreight volumes improve by 10.6% year on year, helped by ...
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BIFA urges members to submit evidence to Brexit inquiry
The British International Freight Association (BIFA) is urging members to submit written evidence for the UK Parliamentary Transport Committee inquiry into the potential effects of leaving the European Union (Brexit) on freight operations.Robert Keen, BIFA director general, said: “As a body that represents the companies that are responsible for the ...
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Crane Worldwide turns to world's largest aircraft after ocean space shortage
Freight forwarder Crane Worldwide turned to the world's largest aircraft to transport a shipment of chemical drums after an ocean freight space shortage.The forwarder said that it utilised the Antonov An-225 Mriya aircraft to transport 223 pallets of chemical drums from multiple vendors in Singapore and Malaysia to Dammam from ...
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K+N expands digital offering with mobile app and new control centre
Kuehne + Nagel has launched three new digital solutions including a mobile app, a control centre and a WeChat extension for its FreightNet booking portal.The forwarder's Kuehne+Nagel App, available for iOS and Android, allows customers to track shipments on mobile devices.Shipment statuses are directly displayed, with details available at customers’ ...
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News
Mack to leave DB Schenker for DP DHL
DB Schenker airfreight boss Thomas Mack is joining Deutsche Post DHL, in a story broken by German trade paper DVZ.Mack will lead DP DHL's air cargo business from July 1.A spokesperson for DP DHL said: "We can confirm that Thomas Mack will be joining DHL Global Forwarding and take on ...
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News
Geodis expands in Uganda to cater for industrial project growth
Geodis has opened a new office in Kampala, Uganda, to cater for the surge in industrial projects currently taking place in the east Africa region.The Uganda-based office will extend Geodis - Industrial Projects’ footprint in Africa for both current and new global clients.The new presence also provides a mechanism through ...
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DB Schenker starts work on new Dubai airport hub
DB Schenker has started work on its second logistics center in Dubai, located next to Dubai World Central airport.The 35,000 sq m temperature-controlled warehouse, with a 3,500 sq m mezzanine area for value-added services, is the largest investment in the history of DB Schenker Middle East & Africa.The facility, which ...
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Air cargo set for index-linked BSAs and derivatives
The air cargo industry could have its first index-linked block space agreements (BSA) completed within six months while a derivatives market is also being launched.Shipping derivatives broker Freight Investor Services (FIS) and rate index TAC Index have teamed up to develop and launch a paper derivatives product, known as forward ...
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DP DHL's Appel: Walls are not the solution
Deutsche Post DHL chief executive Frank Appel is confident that trade will continue to grow despite recent protectionist rhetoric.Speaking at the company’s annual general meeting, Appel was optimistic about the economic environment, saying that global trade would continue to grow despite uncertainties.“The future is global. Anything else is a misconception,” ...
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UK forwarders welcome approval of apprentice scheme
The British International Freight Association (BIFA) has welcomed the Institute for Apprenticeships' (IfA) final approval of the new International Freight Forwarding Specialist apprenticeship scheme.Over the past 18 months, BIFA has been supporting a group of employers from the freight and logistics sector to develop a standard for a specific freight ...
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News
K+N reports rapid airfreight growth boosted by acquisitions
Kuhne+Nagel (K+N) continued to report strong growth in its airfreight volumes during the first quarter of the year thanks in part to recent acquisitions.The world’s number two airfreight forwarder saw first-quarter volumes increase by 21% year on year to 422,000 tons as a result of market growth and the integration ...
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Former Amazon supply chain executive Wagers joins XPO Logistics
XPO Logistics has appointed ex-Amazon logistics executive Kenneth Wagers as chief operating officer, with responsibility for the company's operations in 32 countries.Wagers was most recently with Amazon, where he had executive oversight of Amazon's Worldwide Transportation and Logistics business (last mile, middle mile, and air and ocean cargo), as well ...
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Panalpina sees airfreight growth slow but profits takeoff
Freight forwarder Panalpina saw airfreight volume growth slow in the first quarter of the year, but profitability at the company was up.The Switzerland freight forwarder saw first-quarter airfreight volumes increase by 3% year on year to 241,000 tonnes, behind an estimated market growth of around 5%.The growth rate also lagged ...
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BARIG intensifies cooperation with Zeitfracht
The Board of Airline Representatives in Germany (BARIG) and Zeitfracht Luftfahrt are to "intensify their cooperation" in air cargo and logistics as part of a partnership agreed at this year's World Cargo Symposium in Dallas in March.BARIG, which represents the interests of around 100 national and international airlines, said that ...
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CEVA listing to take place on May 4
CEVA Logistics has announced its listing on the Swiss stock exchange will begin on May 4 and the company looks to raise around Sfr1.2bn.The all-primary share listing, which was announced earlier this month, will have a wide price spread of between Sfr27.50 and Sfr52.50.Initially, the forwarder had been hoping to ...
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Container shipping giant to invest in 25% CEVA stake
Container shipping giant CMA CGM has reached an agreement to purchase a 25% stake in freight forwarder CEVA Logistics.To obtain its share, the world’s third largest box carrier will subscribe to a convertible bond offering of between Sfr380m and Sfr450m.These securities will be convertible into common shares subject to obtaining ...
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Airfreight rates help push Dachser revenues over the €6bn mark in 2017
Germany’s Dachser achieved record revenues in 2017, crossing the €6bn threshold for the first time.The global logistics provider increased its consolidated gross revenue by 7.2% to €6.12bn. Dachser also set other company records by handling a total of 81.7m shipments (+2.1%).“We systematically pursued our successful export strategy for European overland ...
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Two more directors for Kerry Logistics
Kerry Logistics Network has appointed Mathieu Renard Biron as its managing director, global freight forwarding, and Patrick Cheah as executive director, global air.Based in Hong Kong and Bangkok, Biron will be responsible for steering the strategic development of the Group's international freight forwarding division and overseeing its overall management, both ...