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Demand for airfreight depresses margins at DHL Global Forwarding

Demand for airfreight depresses margins at DHL Global Forwarding

August 8, 2017 at 5:59 pm 0 comments

Business is booming, but contracted rates are lagging, according to the latest second-quarter numbers at DHL’s forwarding arm. Sustained – and unexpected – demand for airfreight squeezed Q2 2017 profits at DHL Global Forwarding division, as shipping costs moved closer to rates that were locked in well in advance. However,Read More

Air cargo market strength equals Expeditors’ weakness in 2Q17

Air cargo market strength equals Expeditors’ weakness in 2Q17

August 8, 2017 at 5:57 pm 0 comments

Despite transporting near record volumes of both air and ocean freight during 2Q17, Expeditors International of Washington, Inc., reported a 6.6 percent year-over-year drop in net income for the quarter, to U.S.$109 million on “unfavorable pricing.” Our sister publication, Cargo Facts reports: Expeditors faces challenging pricing environment in 2Q  

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UPS to launch Returns Manager tool for e-commerce

August 8, 2017 at 5:43 pm 0 comments

Beginning in August, UPS will launch a free online tool giving e-commerce merchants options to customize return shipments. The tool, called UPS Returns Manager, will give merchant customers the option to print return shipping labels directly through the UPS website or at UPS stores. The tool is scheduled to launchRead More

Panalpina scores five-year Iraqi gas project contract

Panalpina scores five-year Iraqi gas project contract

August 8, 2017 at 5:27 pm 0 comments

After several years of enduring a slump in oil-and-gas-related cargo, Swiss logistics company Panalpina was awarded a long-term contract by an undisclosed company to manage transportation and logistics for a gas project in Iraq. The contract will run for at least five years and involve 1,800 40-foot equivalent units (FEUs)Read More

Freightos CEO Zvi Schreiber to take part in ELEVATE ‘Fireside Chat’

Freightos CEO Zvi Schreiber to take part in ELEVATE ‘Fireside Chat’

August 7, 2017 at 5:59 pm 0 comments

We at Air Cargo World are thrilled to announce that our annual conference, ELEVATE 2017 will feature an exclusive Fireside Chat session with Zvi Schreiber, founder and CEO of innovative logistics firm, Freightos. In 2012, Schreiber, a highly regarded serial entrepreneur, created Freightos, an internet-based marketplace for international freight. ARead More

Air Canada’s Tim Strauss on the need for a common cargo language

Air Canada’s Tim Strauss on the need for a common cargo language

August 7, 2017 at 5:54 pm 0 comments

Despite today’s climate of limited government and deregulation, there is at least one industry –airfreight forwarding – that may need regulations and standardization to ensure that it has a future, said Tim Strauss, the new vice president of cargo at Air Canada. While much of the industry is talking aboutRead More

Shanghai Pharma, DHL sign supply-chain agreement

Shanghai Pharma, DHL sign supply-chain agreement

August 7, 2017 at 5:35 pm 0 comments

Chinese pharmaceuticals group Shanghai Pharma signed a memorandum of understanding (MOU) with DHL Supply Chain to expand its pharmaceuticals supply chain. Under the MOU, Shanghai Pharma will receive priority access to DHL’s network, including its temperature-controlled life sciences services to Europe. DHL said it will work with Shanghai Pharma toRead More

Natilus to build smaller e-commerce cargo drone

Natilus to build smaller e-commerce cargo drone

August 4, 2017 at 5:58 pm 0 comments

Images released today by cargo-drone startup Natilus show that the California-based company is now looking to manufacture smaller 2-10 ton cargo-drones. CEO Aleksey Matyushev confirmed to Air Cargo World that his company had, “found some traction in the smaller aircraft markets and have a 2 and 10 ton freighter.” The companyRead More