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, alongRead More
Post Tagged with: "freight forwarder"
The good times continue to roll at U.S.-based forwarder and logistics services provider Expeditors International – even when cargo volumes are down, the company reports double-digit growth in net income, operating income and operating margins. In fact, CEO Jeffrey Musser said 2015 was the best year in the company’s history.Read More
In May, the new European Union Customs Code will come into effect. According to its authors, the new code will streamline the clearance process and make it more transparent and user-friendly. But there are concerns about some elements, as well as the time frame for its introduction. Forwarders, especially, areRead More
Expeditors International continued its remarkable string of successes with its third-quarter figures. As was the case in the second quarter, net income, net revenue and operating income were all records for the forwarder, and all came despite a sluggish economy. David Harris, at sister publication, Cargo Facts, provides more details.
The larger you are, the harder it is to shove you aside. This basic fact of physics can be seen in The Power 25, Air Cargo World’s list of the top 25 largest freight forwarders in airfreight, based on tonnage last year. Many of the familiar brawny players – DHLRead More
Volumes are expected to be robust among Europe’s freight forwarders through next month, according to Danske Bank’s latest European Freight Forwarding Index report for September 2014. Airfreight was the strongest segment mentioned in the report, reaching an index level of 57 for the month of September, a significant jump fromRead More
Thanks in part to a 5 percent growth in tonnage in its air cargo business, Kuehne + Nagel (KN), the world’s largest freight forwarder, reported an 8.2 percent increase in earnings (EBIT) for the first nine months of 2014. “The situation in the international airfreight market stabilized, with volumes growingRead More
As a much-anticipated peak season approaches, DHL Global Forwarding (DGF) has launched a program to secure long-term capacity on a number of the world’s busiest trade routes, notably between the European and Asia Pacific markets. DGF, the forwarding unit of express postal giant Deutsche Post DHL, based in Bonn, Germany,Read More