Agility Logistics reports Q2 growth in net income, airfreight volume

Kuwait-based Agility Logistics has released its Q2 2018 financial results, which show a 20 percent increase in net profit and a 14 percent increase in volume, year-over-year, in its airfreight segment for the three-month period ended in June 30, 2018. Its freight forwarding and contract logistics segments were the two major drivers of revenue within […]
  • Nina Chamlou
  • August 7, 2018

Agility rides demand for infrastructure, contract logistics to strong 2017

Global demand for warehousing and freight forwarding services pushed Agility Logistics’ fourth-quarter net profits up 22.5 percent to US$64.3 million, with Agility CEO Tarek Sultan saying that all the company’s groups had a “critical year.” Full-year earnings saw similar gains, with net profits up 16 percent to $228.4 million. The Kuwait-based 3PL said that it […]
  • Lewis King
  • February 21, 2018

Agility first-half profits up, but feels pressure from lawsuit, rates

Kuwait-based Agility Logistics posted positive results during the first half of the year, as strength in the aviation services and industrial real estate sectors boosted profits. However, the logistics provider also felt pressure from higher airfreight rates and a US$95 million civil lawsuit settlement. Air and ocean revenue in Agility’s Global Integrated Logistics group rose, […]
  • Caryn Livingston
  • August 9, 2017

The Power 25: How long can the good times last?

EARLY RISERS For this year’s Power 25, the positive trends outweighed the bad. Last year, we at Air Cargo World predicted DSV, following its completed absorption of UTi, would be a fast riser – and rise it did, leaping up seven spots on the Power 25 list, from No. 16 to No. 9. Now that […]
  • Randy Woods
  • May 27, 2017

The Power 25 List for 2017

The Power 25 list was compiled with the cooperation of Armstrong & Associates, Inc., a U.S.-based supply chain consulting firm, which ranked the 25 largest forwarders, based on their 2016 air tonnage. Revenue information and tonnage figures for 2016 are either reported by the companies or estimated by Armstrong & Associates. The Power 25: Rank […]
  • Randy Woods
  • May 27, 2017

Agility signs three-year logistics deal with Porsche

Agility is feeling the need for speed. The Kuwait-based logistics service provider has signed a three-year partnership agreement with Porsche Motorsports for the Porsche Carrera Cup Deutschland (PCCD) racing series. The partnership is a marquee operation for Agility, which works with automotive customers on a spectrum of automotive industry projects. “This partnership with the PCCD […]
  • Lewis King
  • May 23, 2017

Infrastructure earnings offset declining logistics revenues at Agility

Kuwait-based freight forwarder Agility reported a net profit of US$51.59 million in its third quarter financial results for 2016, an increase of 11 percent over Q3 2015. Third-quarter EBITDA, meanwhile, rose 19 percent, year-over-year, to $94.97 million, despite revenues falling 7 percent, y-o-y, to $1.03 billion. Logistics revenues declined 8 percent, y-o-y, to $751.4 million […]
  • Lewis King
  • November 15, 2016

WorldACD: Did the industry turn a corner in September?

For the first time in two years, analysts at Dutch aviation market data firm WorldACD said air cargo volume worldwide grew by more than 5 percent, year-over-year, for the month of September, and saw a continuing trend of improving yields, compared to previous months. Could this be signs of a significant turnaround for what WorldACD […]
  • Randy Woods
  • November 2, 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

Agility reports jump in net profit despite falling revenues

Lower gross revenues for Agility, the Kuwait-based integrated logistics provider, did not put a damper on the company’s 5 percent year-over-year jump in 2015 net profit, which grew to US$175 million. The group blamed “challenging market conditions and exposure to currency fluctuations” for the drop in gross revenues, which, along with earnings before interest, tax, […]
  • Charles Kauffman
  • March 30, 2016

WCS 2016: Technology in air cargo: Start small

BERLIN – At last week’s World Cargo Symposium, Niall van de Wouw, managing director of CLIVE, said that the key to getting started in airfreight technology is to start small. Not a fan of what he called “big data,” he said big data was what tripped up DHL Global Forwarding’s failed attempt at rolling out […]
  • Staff Reports
  • March 21, 2016

Southeast Asian e-commerce: Leading the charge

Leading the charge While there are many Southeast Asian countries emerging as serious lo­gistics markets, Vietnam is at the tip of the spear. Forty years after American troops left the war-torn country to its Communist government, Vietnam has been reborn as one of the fastest-rising economic powers in the region, ironi­cally attracting another foreign “inva­sion” […]
  • Randy Woods
  • September 1, 2015

How to enter the Chinese forwarding market

Since China joined the World Trade Organization (WTO) in 2001, many of the old Communist-era restrictions for setting up business have been removed. For some logistics companies, the largest barriers to entry come not from Chinese red tape but from other Western competition. “Most of the big forwarders are already here,” said Gerhard Blumensaat, director […]
  • Randy Woods
  • June 29, 2015

China: A west that truly is wild

China’s vast scale is often not appreciated, as popular perceptions of China focus on its eastern coast and Beijing. As manufacturing moves inland, provinces in central China, like Shaanxi and Ningxia, are growing in importance, as is awareness of them. When Chinese e-commerce mostly involved two-hour freighter flights up and down the east coast, the […]
  • Randy Woods
  • June 29, 2015
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