DSV sees Q1 profits rise, expects Panalpina deal to close in Q3

Danish forwarding giant DSV, which announced earlier this month that it was purchasing Swiss rival Panalpina, released its first-quarter results today, reporting a 5% growth in airfreight volumes, compared to the previous Q1, reaching 170,000 tonnes, due mostly to a rise in exports to the Americas during the quarter. Gross profit in the air segment […]
  • Randy Woods
  • April 30, 2019

CEVA begins new era under CMA CGM with Q1 drop in air volume

Following yesterday’s annual general meeting, CEVA reported its first-quarter results today, showing a 6.9% drop on air cargo volumes, compared to the previous first quarter, plus several corporate structure changes as French seafreight firm CMA CGM begins its governance over the Swiss 3PL. For Q1 of 2019, CEVA said the dip in the air segment […]
  • Randy Woods
  • April 30, 2019

Global airport throughput rebounds in March

Preliminary results from global airports indicate that the air cargo market improved in March from the steep declines in volumes witnessed during the first two months of the year. Overall, while the first quarter of 2019 was rocky, the resurgence in cargo throughput suggests that a couple of weak months may not portend a down 2019. On a regional basis, airports in Asia and the Americas posted mixed results for the […]
  • Chelsea Toczauer
  • April 30, 2019

Cargo demand continued to sag among Asia-Pacific carriers in March

As we begin to pull away from the January/February time frame that is usually skewed by the effects of Chinese Lunar New Year, the preliminary March cargo figures from the Association of Asia-Pacific Airlines (AAPA) remain depressed, though slightly improved compared to January and February, falling by 3.2% compared to the same month in 2018. […]
  • Randy Woods
  • April 29, 2019

New HKG-Macau bridge reduces DHL-GF’s transit time by 75%

When it comes to road-feeder services, nothing beats a good shortcut. DHL Global Forwarding (DHL-GF) said this week that that new 55-kilometer bridge-tunnel system connecting Hong Kong to Zuhai across China’s Pearl River Delta has slashed transit time by up to 75%, and reduced costs by up to 15%, since it opened last year. The […]
  • Randy Woods
  • April 26, 2019

Cargo was Alaska Air’s fastest-growing unit in Q1

Seattle-based Alaska Airlines reported strong growth for its cargo unit during the first quarter of 2019, even as the overall U.S. domestic air cargo market simmered to a more tepid growth rate. Operating revenues for the carrier’s cargo and other segments rose 22%, year-over-year, to US$50 million for the three-month period ending on Mar. 31. […]
  • Charles Kauffman
  • April 25, 2019

K+N air volumes shrink, but net earnings rise in Q1

Reflecting the general downturn of the airfreight market, first-quarter results from Kuehne + Nagel showed a 3.1% drop in air cargo volume to 409,000 tonnes, despite a 7.3% rise in gross profit and a modest  2.5% increase in earnings before interest and taxes (EBIT). Describing the market as “declining,” K+N said the air unit “developed […]
  • Randy Woods
  • April 25, 2019

Canada’s Winnipeg Airport to strengthen cargo ops with construction, redevelopment

During its annual meeting yesterday, Winnipeg Airport Authority (WAA) outlined upcoming cargo infrastructure expansion plans at Winnipeg Airport (YWG), which will include construction of a new C$27 million Ground Services Equipment Building (GSE) on the east side of the airport’s property, as well as the redevelopment of land on the west side of the airport’s property.   YWG began construction of its GSE […]
  • Chelsea Toczauer
  • April 25, 2019

Panalpina persists in perishables with purchase of CargoMaster, Laseair

Swiss forwarding giant Panalpina is seeking to increase its already large market share of the South American perishables logistics market by purchasing CargoMaster S.A. in Colombia, and its Ecuadorian subsidiary, Laseair S.A. The companies reached an agreement on Tuesday of this week, but chose not to disclose the financial details of the acquisition. CargoMaster, with […]
  • Randy Woods
  • April 25, 2019

Cargolux reports record high net profits in ’18, fleet to expand

In spite of what it called “slower economic growth in the second half of the year,” all-cargo carrier Cargolux reported US$211.2 million after-tax consolidated net profit in 2018, which was a new record for the Luxembourg-based carrier. The higher net profit represented a 73% increase from the previous year’s net income of $122.3 million, even […]
  • Randy Woods
  • April 24, 2019

Turning point for slot scarcity at AMS with approval of new local rule

Today, Dutch Minister of Transport Cora van Niewenhuizen approved the implementation of a new local rule for airfreight at Amsterdam Airport Schiphol (AMS), after the enforcement of a 500,000 annual movement cap at the airport led many cargo operators to abandon AMS for nearby competitors. The long-awaited rule change is meant to support AMS’ competitive stance in the European airfreight market against […]
  • Chelsea Toczauer
  • April 24, 2019

New Nanchang cargo terminal to boost China’s Belt and Road initiative

Last week, Nanchang Airport (KHN), located in China’s southeastern Jiangxi province, announced the construction of its new international cargo station, which will support the airport’s goal to increase its cargo throughput capacity to 200,000 tonnes by 2020. Construction of the cargo terminal will also contribute to China’s Belt and Road initiative and nationwide infrastructure development.  KHN’s new international cargo terminal is being built on […]
  • Chelsea Toczauer
  • April 24, 2019

Congestion at U.S-Mexico border worsens

As the United States continues its national debate on immigration policies, congestion at the U.S.-Mexico border continues to worsen, causing increasing delays for cargo shipments.   This week, cargo wait times – which already jumped from 50 minutes to up to 7 hours at certain ports last week – have now reached between 9 and 10 hours at certain ports.  […]
  • Chelsea Toczauer
  • April 22, 2019

DHL’s new Gibraltar-area logistics hub to be largest in Morocco

When establishing a trade route between Africa and Europe, what better place is there than the Strait of Gibraltar? That’s the area DHL Global Forwarding (DHL-GF) has decided to set up its new hub, along with global logistics gateway Tanger Med, on the Moroccan side of the 14-kilometer-wide strait. With the addition of the 6,000-square-foot […]
  • Randy Woods
  • April 12, 2019
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