CharterSync celebrates three years of “disruptive digitisation” in air cargo charter
Digital air cargo charter business CharterSync has marked three years of operations of operations. Since launching in 2019, UK-based CharterSync has carved itself a substantial share of the UK and European air cargo charter market due to its “disruptive, technology-forward approach” to air cargo charter. Launched by two commercial pilots and flying enthusiasts – co-founders Ed […]
Airfreight volumes at Kuehne + Nagel grow 20% in the first quarter
Profits at Kuehne + Nagel have grown at double digit rates with airfreight volumes increasing by more than 20 per cent helped by strategic acquisitions. Earnings for the period increased by 11.5 per cent from 165 million Swiss francs (CHF) in the first quarter of 2017 to CHF 184 million ($188 million), with net turnover […]
WCA Time Critical Network achieves complete validation
WCA’s Time Critical Network has achieved complete validation of all its network members, aligning members to be more competitive as specialist movers on the global stage. Group members are now able to fully validate trade lanes and have the knowledge to help ensure that shipments are handled with maximum efficiency and within the required time […]
Pangea partners with Freightalia to help freight forwarders
Freightalia has partnered with the Pangea Group to give its network of more than 300 independent freight forwarders access to an automatic quoting system to help engage with exporters, importers and agents. The white label system is an automatic system for freight quoting and rate management that allows self-customisation from the platform branding to the […]
Dimerco continues expansion with new Netherlands office
The Dimerco Express Group has continued the expansion of its European network with the opening of an office in the Netherlands. Dimerco reported 30 per cent growth in Europe for 2016-2017 earlier this year and the new operation, which is based at Venlo, will be its third location in the Netherlands (other offices are in […]
Yusen Logistics acquires Romanian 3PL Tibbett Logistics
Yusen Logistics has extended its business in Central Eastern Europe with the acquisition of Tibbett Logistics. The Japanese company has reached agreement to acquire Tibbett, which is a wholly owned subsidiary of UK-based Keswick Enterprises Group. No financial figure of the deal has been announced and the acquisition is subject to regulatory approval by the […]
CEVA opens new UK pharma facility
CEVA Logistics has opened a fully refurbished 132,000 square foot facility at Redditch. The renovated site further adds to the forwarder’s investment in the pharmaceutical logistics industry and will serve a number of customers across the healthcare sector. Refurbishments at the West Midlands site included the addition of LED lighting as well as the installation […]
Flexport to charter own weekly freighter from HK to LAX
The growth in e-commerce and lack of capacity out of Hong Kong (HK) has led to Flexport to charter its own freighter flights from HK to Los Angeles. The growing freight forwarder say to ease the air cargo capacity shortages, the first of the these flights is a Boeing 747-400 departing on Sunday, 19 November. […]
Q3 airfreight volume growth of 11.8% for CEVA
CEVA says it maintained its “positive momentum” in the third quarter (Q3) ending 30 September this year as revenue grew 5.4 per cent, but still remains in the red. In Q3, the freight management division maintained volume growth for its air product at 11.8 per cent versus prior year and CEVA says market volatility in […]
Logwin takes stakeholding in New Zealand firm SCI
Freight forwarder Logwin has invested a one third stake in New Zealand company Supply Chain International Ltd (SCI). The deal was made in October. SCI was established at the beginning of 2017 as a subsidiary of the Auckland-based Supply Chain Solutions (NZ)(SCS). The subsidiary is being managed by another stakeholder, Peter Furlong, who has 30 years experience […]
Flexport looking to grow its footprint
Flexport is evolving fast and the rapidly growing freight forwarder has no plans to slow down. 2017 has been quite a year and in August the US-based forwarder opened its first warehouses in Hong Kong (HK) and Los Angeles (LAX). Speaking at TIACA’s Executive Summit in Miami on 18 October, Flexport’s global head of airfreight, […]
JAL Cargo appoints Starlight Express as GSA in Nepal
Starlight Express – the Nepalese independent freight forwarder and agent of the U-Freight Group (UFL) – has been appointed general sales agent (GSA) for Japan Airlines Cargo (JAL Cargo). As an official representative for JAL Cargo, Starlight Express says it has committed to selling cargo space on the airline’s flights between Japan and Nepal, and […]
DSV reports stronger set of results than previously forecasted
Higher than expected business performance in both air cargo and sea freight have led to more upbeat results at Danish freight forwarder DSV. The company reported in its financial figures for the period from 1 January to 30 September, that operating profit before special items is expected to be in the range of DKK 4,700-4,900 […]
Azerbaijan and Kazakhstan on the radar for Kuehne + Nagel
Kuehne + Nagel is to start operating in Azerbaijan and Kazakhstan from the first quarter (Q1) of next year. The freight forwarder’s managing director for Russia and Belarus, Perry Neumann revealed the news today, at the 7th Caspian Air Cargo Summit in Baku, Azerbaijan. Speaking in a market overview for the CIS and Central Asia […]
Bollore Group and Bahri pen JV in Saudi Arabia
Saudi Arabian transportation firm Bahri and French freight forwarder and logistics company the Bolloré Group have formed a joint venture (JV) – BahriBolloré Logistics. The JV will provide end-to-end logistics and supply chain management solutions to local and international companies operating in Saudi Arabia. Bahri owns a 60 per cent stake while Bolloré owns the remaining 40 […]
Second perishables acquisition for Panalpina in 24 hours
Panalpina has made another acquisition in the shape of German perishables firm Cool Chain Group (CCG) – only 24 hours after it announced it was taking over Dutch perishables handler Interfresh Airfreight Handling. The move is part of the freight forwarder’s strategy to strengthen its Perishables Network as it puts a focus on the vertical after […]
Agility becomes first forwarder to achieve QEP experto status
Agility is the first freight forwarder to receive Qualified Envirotainer Provider (QEP) experto accreditation from Envirotainer for its cold chain management of pharma and life sciences products. Envirotainer’s QEP program evaluates freight forwarders and airline stations and recognises those able to meet the highest standards for Envirotainer shipments. The QEP experto accreditation applies to Agility’s […]
New customer portal rolled out by Panalpina
Freight forwarder Panalpina has launched a new customer portal, which is says addresses many of the logistics industry’s “most pressing needs”. The company says it is intent on steering industry into the ‘Digital Age’ by using the newest technologies to create an innovative, end-to-end digital environment for its customers, and believes the portal will shape and […]
Pharma.Aero welcomes three new members
Pharma.Aero has welcomed an additional three members in the shape of freight forwarder Expeditors, cool chain container specialist Envirotainer and Uruguay’s Montevideo (MVD) Free Airport. This brings the total number of companies in Pharma.Aero to 18 members. It was launched in May last year, and founded by Brussels Airport and Miami International Airport. MVD Airport […]
Carbon black mission for Panalpina from Italy to Thailand
Panalpina has helped Cabot Corporation – a US materials and specialty chemicals company – to deliver 260 tonnes of carbon black from its production facility in Italy to the end customer’s tire-manufacturing plant in Thailand within four days. Carbon black is a fine black powder used as a reinforcing in tires to improve tensile and […]
Panalpina seeing fresh African perishable trends
Panalpina is well positioned to grow its airfreight perishable volumes from Kenya, but there are some new trends emerging and challenges ahead. In May, it said it would acquire Kenyan forwarder Air Connection, a specialist in the export of flowers and vegetables. This follows the buy-out last year of Airflo in Kenya and launch of […]
Agility posts tonnage, EBITDA and revenue surges
Kuwaiti logistics firm Agility has seen its earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter (Q2) grow 14 per cent to 32.6 million Kuwaiti Dinar (KD)($107 million) and revenue increase 10.9 per cent to 342.1 million KD. In the first half of the year, net profit was 31.4 million KD up […]
Yusen Logistics expands its services in New Zealand
Yusen Logistics (Australia) has started ocean and airfreight forwarding operations to and from New Zealand servicing its global network and partners. The forwarder says it initially commenced in late 2016 servicing business customers to and from Australia and now offers global coverage that includes logistics services across the entire supply chain. In March 2016, Yusen acquired […]
First Flexport warehouses to open this month
US-based freight forwarder Flexport will open its first two warehouses next month at Los Angeles International Airport and Hong Kong International Airport and more are set to follow. Having no actual physical freight facilities has led to it being labeled a ‘virtual forwarder’ but global head of airfreight, Neel Jones Shah (pictured below) says it […]
Revenue and profit boost for CEVA Logistics
CEVA Logistics’ posted revenue of $1.72 billion in the second quarter (Q2) up 6.4 per cent in constant currency, on the $1.66 billion in 2016. The forwarding and logistics company says adjusted earnings before interest taxes, depreciation and amortization (EBITDA) in Q2 was $70 million, up $9 million in constant currency versus the prior year. […]
Strong first half for C.H. Robinson’s airfreight division
US freight forwarder C.H. Robinson’s airfreight division has performed strongly in 2017 with double-digit growth in tonnage, transactions, and revenue. This was shown in its quarter two (Q2) results when revenue for airfreight forwarding increased 28.3 per cent to $25.8 million, as figures were boosted by the inclusion of APC Logistics, which it acquired last […]
Strong volumes growth for DSV in first half of 2017
Danish freight forwarder DSV’s airfreight volumes grew year-on-year (YOY) by 10.4 per cent in the first half of this year to 302,869 tonnes, but second quarter (Q2) volumes were only up 2.6 per cent to 155,430 tonnes – lower than its competitors. These growth rates compare with the market average of 10 per cent in […]
Nippon Express boosted by strong air cargo demand
Strong air cargo demand is boosting Nippon Express, which is set to post a 20 per cent rise in pre-tax profit to more than 16 billion yen ($142 million) in the April to June quarter, according to reports in Japan. The Nikkie Asian Review reports sales at the freight forwarder climbed five per cent to […]
Panalpina sees strong Far East peak season and rates rise
Panalpina forecasts the Far East peak season will start earlier this year and be even stronger than 2016, while it also expects to see general airfreight rates go up for secured capacity. The freight forwarder also says although the summer period is usually calmer for airfreight, 2017 has been an exception and the strong market will […]
Volumes grow 7% in 1st half of 2017 at Panalpina
Panalpina recorded robust airfreight volume growth of seven per cent in the first half-year (1H) of 2017, but it says “higher freight rates and margin pressure persisted in a continuously challenging market environment”. The freight forwarder volumes reached 473,100 tonnes in the six months, which was largely driven by the strong growth of Far East […]
