Impatient U.K. forwarders weigh in on airport expansion delays

Freight forwarders in the United Kingdom who are frustrated by the lack of progress in the expansion plans for the country’s airports are mad as hell and they’re not going to take it anymore. This was the gist of a statement made this week by the British International Freight Association (BIFA) in support of criticism […]
  • Randy Woods
  • May 12, 2016

DSV’s UTi acquisition boosts airfreight, but drags on profit

Although DSV’s acquisition of UTi has yet to pay significant dividends, as net profit dropped 45.4 percent year-over-year, to US$49 million for the first quarter of 2016, the company’s airfreight operations reported significant growth. Airfreight volumes for DSV soared 71 percent to 122,817 tonnes during the same period. Much of the airfreight volume growth (66 […]
  • Charles Kauffman
  • May 12, 2016

Agility’s Sultan expects to grow earnings tenfold by 2020

For the first quarter of 2016, Agility yesterday reported a net profit of US$43.5 million, a respectable increase of 10.9 percent compared with the first quarter of 2015, which itself was a strong quarter for the air cargo world, due to the U.S. West Coast port slowdown. Earnings before interest, taxes, depreciation and amortization (EBITDA) […]
  • Randy Woods
  • May 10, 2016

Expeditors loses momentum in Q1 2016

First-quarter net revenues dropped 2 percent, year-over-year, at Seattle-based Expeditors, to US $517 million, while net profit fell 9.6 percent, year-over-year, to $97 million as the company adjusts to marketthat looks very different from the boom days if Q1 2015. Company president and CEO Jeffrey S. Musser noted the stark differences in “the underlying fundamentals” […]
  • Charles Kauffman
  • May 5, 2016

CEVA resists headwinds for continued Q1 growth

Swelling net revenue margins supplanted the impact of lower gross revenues for Netherlands-based CEVA Holdings during the first quarter of 2016. The group’s freight management unit, which includes air and seafreight forwarding, reported a 57.1 percent, year-over-year, jump in EBITDA, to US$10 million, on a constant currency basis. Cargo volumes for both air and sea […]
  • Charles Kauffman
  • May 2, 2016

Strong Q1 at C.H. Robinson highlights growth in flat market

Overall revenues at C.H. Robinson’s Global Forwarding unit were up 8.3 percent, year-over-year, for the first quarter of 2016, to reach US$878 million, but the airfreight forwarding division’s net revenues suffered a 10.8 percent drop. However, when swelling ocean revenues are taken into account, the company’s combined net profit for Q1 rose 11.7 percent, y-o-y, […]
  • Charles Kauffman
  • April 29, 2016

Panalpina earns its first CEIV-pharma cert at Brussels

Continuing a long string of supply-chain stakeholders that have concentrated on improving their pharmaceutical handling operations at Brussels Airport, Panalpina’s facility has earned its Center of Excellence for Independent Validators (CEIV) certification for pharma traffic. The achievement represents the first Panalpina station to earn a cert via the IATA’s much-sought-after CEIV validation process. “Unlike the […]
  • Randy Woods
  • April 28, 2016

Dachser reaps benefits of long-term strategy in 2015

In its year-end report for 2015, Dachser’s Air and Sea Logistics division said it generated revenue growth of 8 percent and contributed a total of €1.6billion to its consolidated revenue for the year. Most of the growth, the company said, came from investments in enhancing efficiency rather than acquisition. “Last year we didn’t significantly expand […]
  • Randy Woods
  • April 22, 2016

Brussels Airport forges new cargo community organization

Brussels Airport, still recovering from last month’s terrorist bombings at its passenger terminal, has strengthened its cargo operations with a new cargo community organization, called “Air Cargo Belgium.” The new entity, launched April 18, groups all companies under the less formal “BRUcargo” platform, along with any related stakeholders or official organizations, to create a more […]
  • Randy Woods
  • April 20, 2016

DHL Global Forwarding, Kewill release customs brokerage system

As the import-export industry prepares for the coming Automated Commercial Environment (ACE) being set up by the end of this year by U.S. Customs and Border Protection as the new “single window” through which international trade will be processed, DHL Global Forwarding (DHL-GF) has introduced its new U.S. Customs brokerage management system, in conjunction with […]
  • Randy Woods
  • April 19, 2016

Air Cargo World introduces Elevate 2016 conference in Miami

Big data, analytics, digitization and the rise of global e-commerce are changing the face of airfreight logistics forever. To help propel the airfreight industry forward, Air Cargo World is proud to announce the launch of Elevate 2016, the air cargo industry’s first event focused on innovation. Elevate 2016 will take place on October 10 at the Mandarin […]
  • Randy Woods
  • April 18, 2016

Kerry bets on ‘Make in India’ to drive logistics growth

Hong Kong-based Kerry Logistics entered into a memorandum of understanding to raise its stake in Chennai-based Indev Logistics Pvt. Ltd. from 30 percent to 50 percent, as it prepares to handle increased demand for logistics services from growth in ecommerce and industry, driven, in part, by the Indian government’s new “Make in India” program. With […]
  • Charles Kauffman
  • April 15, 2016

Hot Ho Chi Minh commodities attract Cargolux

Export commodities from Vietnam’s rapidly growing industrial base in Ho Chi Minh City are driving the demand for airfreight, prompting Luxembourg-based Cargolux to increase the frequency of its scheduled freighter service to Ho Chi Minh City to three times weekly, beginning today. Cargolux first launched service to Ho Chi Minh City in 2007 and began […]
  • Charles Kauffman
  • April 14, 2016

CNS 2016: CEIV boosts shipper confidence eroded by modal shift

NASHVILLE – At present 28 certifications have been completed and 850 people have been trained in IATA’s Center of Excellence for Independent Validator’s (CEIV) program, said Ronald Schaefer, project lead, CEIV Pharma, IATA, during Tuesday’s session at the CNS Partnership Conference. By the end of the year, Schaefer said he expects 80 entities in 34 […]
  • Charles Kauffman
  • April 13, 2016
Page 29 of 29« First...10202526272829