Panalpina warns of potential ground-handling gridlock during peak

While most of the focus in previous peak air cargo seasons was based on finding enough capacity before the busy end-of-year shopping spree, Panalpina said there After reporting the handling of just under 1 million tonnes of airfreight in 2017, a new record for the Swiss forwarding giant, Panalpina said the most pressing concern in […]
  • Randy Woods
  • August 21, 2018

Yusen Logistics launches express import service in Guangzhou

Japan-based Yusen Logistics launched an express service for airfreight arriving in Guangzhou, China. Upon arrival at Guangzhou Baiyun International Airport (CAN), cargo will be collected from the airport terminal within six hours as a minimum lead-time, rather than the typical minimum of a full day to collect consolidated cargo at CAN. As part of its […]
  • Caryn Livingston
  • August 20, 2018

Pilot Freight expects 30 percent growth in 2018 ‘heavy-and-hard-to-handle’ e-commerce

Pilot Freight Services released its Q2 2018 results in which it projects its “heavy and hard-to-handle” (H3D) e-commerce business will grow 30 percent by year-end. In terms of traffic, the company has moved about 24,000 tonnes of freight so far this year, which it said is a “12 percent increase over last quarter.” John Hill, […]
  • Nina Chamlou
  • August 10, 2018

Is your website ready for automated shipping portals?

Many of us started our careers in freight forwarding learning how to use the Telex machine to send alerts to destination cities, requiring the typing of shipment information into an awkward device that produced a yellow tape that ultimately transmitted the data. The process was tedious by today’s standards, but when it was combined with […]
  • Brandon Fried
  • August 10, 2018

Expeditors reports Q2 growth in airfreight sector

Seattle-based freight forwarder Expeditors International of Washington today reported a stong performance in its airfreight services in its the second quarter of 2018, but said oceanfreight struggled due to pricing issues. “We continued to add profitable growth from new and existing customers during the quarter, particularly in air and some of our differentiated, best-in-class services, such […]
  • Randy Woods
  • August 7, 2018

K+N partners with Panatlantic to expand reach into Latin perishables market

Yesterday, Swiss forwarder Kuehne + Nagel (K+N) said it is partnering with Quito-based logistics services company Panatlantic Logistics S.A. in a move that will further expand the company’s South American cool chain network and underpin its global expansion strategy. At present, K+N manages the transportation of perishables for clients operating out of Colombia, Peru, Brazil […]
  • Nina Chamlou
  • August 3, 2018

XPO Logistics reports 178 percent increase in net income in Q2

Today, XPO Logistics hosted its interim earnings call for the three months ended June 30 – reporting an overall net income increase of 178 percent to US$159 million, compared to the same period last year. The company said second-quarter growth was led by continued “demand for e-commerce logistics globally, as well as by the consumer-packaged […]
  • Nina Chamlou
  • August 2, 2018

DSV continues solid air cargo growth into 2017

Denmark-based transport and logistics company DSV released its second-quarter financial results for 2018, which show it has sustained continued strong growth following a record-breaking 2017 year. The company experienced varied growth in each of its segments during Q2. Looking specifically at airfreight within the Air & Sea division, gross profit grew 16 percent (including exchange […]
  • Nina Chamlou
  • August 1, 2018

Canadian retailer chooses DHL GF as sole logistics provider

DHL Global Forwarding has made a deal with Canadian department store Holt Renfrew to manage its supply-chain needs from end to end, connecting Canada to Europe, the United States and Asia. DHL said it plans to design a “tailored warehousing solution” with IT infrastructure for Renfrew’s European operations. The “multi-year” agreement includes air- and seafreight […]
  • Nina Chamlou
  • July 27, 2018

DHL GF, Ethiopian Airlines launch JV to build logistics infrastructure in Africa

DHL Global Forwarding and Ethiopian Airlines have entered a joint venture (JV), “DHL-Ethiopian Airlines Logistics Services Ltd.,” that will serve the entire continent of Africa based from Ethiopia – with Ethiopian Airlines holding a majority stake in the venture. “With its GDP growth, Africa is stepping into the spotlight as production hub,” CEO of DHL […]
  • Nina Chamlou
  • July 26, 2018

Freightos, Lufthansa Cargo collaborate on instant ‘e-booking’ of air cargo

In an effort to hasten the digitalization of the airfreight industry, online cargo marketplace Freightos has teamed up with Lufthansa Cargo to create a new online portal through which forwarders can compare rates and book air cargo space nearly instantly. By combining Freightos WebCargo and Lufthansa Cargo’s application programming interface (API) services, enabling forwarders to […]
  • Randy Woods
  • July 23, 2018

K+N to manage supply chain for Malaysian oil-and-gas company Petronas

In a move that could have long-term air cargo repercussions, Switzerland-based forwarder Kuehne + Nagel has signed a three-year contract with Malaysia’s government-owned oil-and-gas organization Petronas to manage its supply chain from end-to-end. Under the deal, K+N will handle such duties as freight forwarding services, logistics management and warehouse operations. The partnership will utilize K+N’s […]
  • Nina Chamlou
  • July 23, 2018

K+N releases positive 2018 figures in first-half statement

Today, Switzerland-based forwarding giant Kuehne + Nagel (K+N) released its first-half results for 2018, reporting an airfreight volume increase of 18 percent over 1H17 to 863,000 tonnes. Operating profit (EBIT) in the Airfreight segment increased 20 percent in the half to US$182 million. Looking at the quarterly level, tonnage volume for Q1 increased by 21 […]
  • Nina Chamlou
  • July 19, 2018

Panalpina releases positive first-half 2018 results

Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long period during which Panalpina […]
  • Nina Chamlou
  • July 17, 2018
Page 1 of 3112345 102030...Last »