Our sister publication, Cargo Facts takes a look at US-based forwarder and logistics services provider Expeditors International of Washington, Inc’s 4Q16 results. Despite significantly higher air and ocean freight during 4Q16, compared to 4Q15, net income was down 3.4% y-o-y, to $111 million. For more, see: Expeditors handles record volumes in 4Q16, asRead More
Post Tagged with: "freight"
A report released by the Ministry of Civil Aviation Government of India in late 2016 recommended that, “an electronic platform be put in place to digitize key stakeholder interactions,” in order to increase efficiency of processing shipments and to cut costs. In other words, the proposal system, termed the AirRead More
Many of the world’s major cargo carriers and airports have now reported their September results, and with only one exception the reports show increasing demand (the only carrier whose September results were not better than its year-to-date results was China Southern). Based on these individual reports, we expect that whenRead More
Freightos has expanded its online marketplace that the logistics technology company hopes will revolutionize the freight market. After launching the Freightos Marketplace in January 2016 in “closed beta” mode, providing fast freight price quotes for some of the world’s largest forwarders, the company has broadened its scope to allow small-Read More
Shortly after the last votes were counted last Thursday, favoring the U.K.’s exit from the European Union by a margin of 52 percent to 48 percent, a slew of graphs appeared online parsing out the nuances of the complicated event. Examined in conjunction, the numbers uncovered some startling trends –Read More
Earlier this year, Deutsche Post DHL CEO Frank Appel vigorously defended the performance of its troubled Global Forwarding, Freight, division amid rumors that it might be sold at a fire-sale price. Today, Appel’s defense was solidified yet again with the announcement that Tim Scharwath, former global head of air logisticsRead More
dnata announced the opening of three new facilities at Gatwick, Birmingham and Glasgow airports, expanding the company’s cargo capabilities to five of the UK’s key regional airports including Heathrow and Manchester. Development at the three additional regional airports complements the approaching opening of dnata City, Heathrow’s newest cargo hub. TheRead More
China Southern Airlines launched a new freighter route from Hangzhou, China, to Los Angeles.