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

Alibaba vs. Amazon: How e-commerce giants are reinventing forwarding

Last September, Mike Maynard, an airport planner for Cincinnati-based engineering firm CDM Smith, was checking out the flight activity at nearby Wilmington Airpark (ILN) in Ohio, when he noticed something odd. As a former network analyst at DHL, Maynard had a habit of reviewing innovative routes, and this one, in particular, jumped out at him. […]
  • Randy Woods
  • March 1, 2016

Power 25: Forwarders 21-25

A&A Rank (last year’s rank in parentheses) Provider 2014 Gross Revenues (US$M) 2014 Airfreight Tonnes 2013 Airfreight Tonnes 2012 Airfreight Tonnes 21 (22) Dimerco Express 560 204,332 176,000 not listed 22† Pilot Freight Services 548 200,000 not listed not listed 23 (19) Damco 3,212 190,000 226,626 210,600 24† Hitachi Transport System 5,920 170,000 not listed […]
  • JJ Hornblass
  • June 2, 2015

Power 25: Forwarders 11-20

A&A Rank (last year’s rank in parentheses) Provider 2014 Gross Revenues (US$M) 2014 Airfreight Tonnes 2013 Airfreight Tonnes 2012 Airfreight Tonnes 11 CEVA Logistics 7,864 495,600 513,000 550,000 12 Sinotrans 7,463 481,900 396,100 417,200 13 Agility 4,300 372,700 375,000 490,000 14 UTi Worldwide 4,180 368,000 368,000 361,000 15 Yusen Logistics 3,945 310,000 310,000 337,130 16 […]
  • JJ Hornblass
  • June 2, 2015
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