Forwarding

DP-DHL’s Frank Appel: Embracing innovation

DP-DHL’s Frank Appel: Embracing innovation

November 26, 2016 at 6:43 pm 0 comments

Frank Appel tours DHL’s Leipzig facility. Photo: Volker Hartmann/DHL As can be seen with his site visits to various branch offices during the NFE crisis, Frank Appel may appear to be a hands-on CEO, ready to dive in and solve problems. In reality, though, he said his first inclination isRead More

DP-DHL’s Frank Appel: Finding the right chemistry

DP-DHL’s Frank Appel: Finding the right chemistry

November 26, 2016 at 6:25 pm 0 comments

Frank Appel’s business acumen came not from an MBA program but initially from a science textbook. He earned his Masters degree in chemistry at the University of Munich in 1989, followed by a Ph.D in neurobiology at the Swiss Federal Institute of Technology in 1993 (although he demurs from usingRead More

Keeping up with the specialized needs of Asian air cargo [VIDEO]

Keeping up with the specialized needs of Asian air cargo [VIDEO]

November 23, 2016 at 6:36 pm 0 comments

HONG KONG – After being the manufacturer to the world for the last few decades, led mostly by the inexpensive labor in China, the Asian market is rapidly evolving into more of a consumer society, creating a new dynamic for global trade lanes in and out of Asia, with cross-borderRead More

Infrastructure earnings offset declining logistics revenues at Agility

Infrastructure earnings offset declining logistics revenues at Agility

November 15, 2016 at 6:58 pm 0 comments

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 8Read More

Profits flat at CEVA as market share grows

Profits flat at CEVA as market share grows

November 14, 2016 at 6:58 pm 0 comments

Despite a general rise in the cargo business in the third quarter of 2016 in many regions, Netherlands-based forwarder CEVA reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of US$75 million, down 6.3 percent compared with $80 million in the third quarter of 2015. In constant currency, however,Read More

Consumer demand drives bumper 10-month results at PACTL

Consumer demand drives bumper 10-month results at PACTL

November 14, 2016 at 6:13 pm 0 comments

The recent spike in cargo volume from September appears to be continuing in some airports. Shanghai Pudong International Airport Cargo Terminal Co., Ltd. (PACTL), handled a record 153,607 tonnes of cargo this October, driving an 8.9 percent, year-over-year, volume growth over 2015. The strong month helped increase PACTL’s tonnage handledRead More

FedEx forwarding subsidiary grows in Malaysia

FedEx forwarding subsidiary grows in Malaysia

November 11, 2016 at 6:10 pm 0 comments

FedEx’s forwarding arm,  FedEx Trade Networks (FTN), announced the opening of a new office in Malaysia in Penang. Located approximately 100 miles north of the capital, Kuala Lumpur, the new FTN office is located in Penang’s central business district, close to the airport and the seaport, as well as theRead More

DP-DHL reports robust Q3 in all divisions

DP-DHL reports robust Q3 in all divisions

November 10, 2016 at 6:59 pm 0 comments

Photo: Deutsche Post DHL/Bernd Georg A year after Deutsche Post DHL Group (DP-DHL) suffered the ignominious setback of pulling the plug on its comprehensive IT system, much has gone right for the express mail and logistics company, leading to what is being described as the strongest third quarter in theRead More