U-Freight Hong Kong warehouse certified for air cargo screening

Freight forwarder U-Freight Group was certified as a Regulated Air Cargo Screening Facility (RACSF) by Hong Kong’s Civil Aviation Department (CAD), the forwarder announced yesterday. The facility is located in Hong Kong’s Golden Bear Industrial Center, slightly under 30 kilometers from Hong Kong International Airport (HKG). Hong Kong’s CAD launched the RACSF program in October […]
  • Caryn Livingston
  • September 17, 2019

Agile forwarding: How top forwarders innovate in the Middle East

Even in 2017, when air cargo operators saw double-digit gains in year-over-year traffic, growth in the Middle East was comparatively slow. The region’s geographic location had long made it a hub for trade between the Americas, Europe, Africa and Asia, and likewise positioned major gulf carriers like Emirates, Qatar Airways and Turkish Airlines high in […]
  • Caryn Livingston
  • September 16, 2019

Sinotrans joins WebCargo by Freightos for direct ebooking

Sinotrans Global E-commerce Logistics (Sinoair) announced with Freightos today that it is introducing direct ebooking alongside other online forwarding features using WebCargo by Freightos. According to today’s statement, Sinoair customers will now be able to pull global contract rates, access dynamic pricing information and instantly book online with more than 10 airlines currently integrated with […]
  • Caryn Livingston
  • September 9, 2019

Agility Ventures invests $18m in green supply chain tech

Agility Ventures, the corporate venture arm of Kuwait-based logistics provider Agility Logistics, has invested $18 million in technologies to make its supply chain more energy-efficient, Agility announced today. The announcement came as part of Agility’s 2019 sustainability report, in which the company affirmed its plan to cut emissions from 2016 levels by 25% by 2025. […]
  • Caryn Livingston
  • August 27, 2019

Airfreight braces for more tariffs as trade war expands [VIDEO]

The news late last week of additional tariffs levied by China on $75 billion worth of U.S. goods and a subsequent increase from 25% to 30% in tariffs imposed by the U.S. on Chinese goods is the latest development in the trade war that has already pushed some supply chains out of China and into […]
  • Caryn Livingston
  • August 26, 2019

Cargo Insights: How to regulate the ‘Wild West’ of e-commerce?

Anyone who watched the television show “Gunsmoke” knows that the American “Wild West” could be a dangerous place where notorious outlaws preyed on small towns to enrich themselves at the expense of others. Law enforcement was present but, in many cases, spread thin so the local sheriff would usually form a group of willing and […]
  • Brandon Fried
  • August 21, 2019

Temperature-controlled products heat up air cargo demand

With news of July being the hottest on record, it seemed fitting that we take a look at temperature-controlled air cargo. Indeed, a number of freight forwarders noted in recent earnings reports that temperature-controlled volumes were a bright spot in an otherwise disappointing first half of the year for air cargo. However, while temperature-controlled products […]
  • Cathy Roberson
  • August 20, 2019

UPS invests in TuSimple autonomous driving company 

UPS’ venture capital arm, UPS Ventures, made a minority stake investment in autonomous driving developer TuSimple, UPS announced today. With this investment, the companies are working together to test self-driving tractor trailers in Arizona.   UPS and TuSimple initiated self-driving tests in May 2019 on a route between Phoenix and Tucson, Arizona. During the tests, UPS provides truckloads of […]
  • Chelsea Toczauer
  • August 15, 2019

Forwarders’ focus turns to margins in the uncertain global environment

Now that the major freight forwarders have reported their earnings for the first half of 2019, a look at the market finds one of lower airfreight volumes and positive oceanfreight volumes. However, the lesson learned from years past was that volumes do not always equate to profit. Today, the focus is on profits. Simple common […]
  • Cathy Roberson
  • August 12, 2019

DSV grows profit, airfreight volumes during 1H19

Danish forwarder DSV posted revenue and profit growth over the second quarter and first half of 2019, the company said in its interim financial report today. The forwarder also managed to grow its airfreight volumes during the first half, despite challenging global market conditions. DSV’s revenue increased by 3.0% during the second quarter and 5.8% […]
  • Caryn Livingston
  • July 31, 2019

BIFA echoes warning that UK, EU are unprepared for no-deal Brexit

The British International Freight Association (BIFA) has warned of the likely negative impact of the United Kingdom leaving the European Union without an exit deal in place – a so-called no-deal Brexit – since the possibility emerged. The trade association this week released a statement in support of a Confederation of British Industry finding that few companies […]
  • Caryn Livingston
  • July 31, 2019

Flexport files complaint against Western Global, switches to Atlas Air for 747F ops

Air and ocean forwarder Flexport filed a complaint against Western Global Airlines (WGA) in a U.S. District Court in New York, alleging that “service failures” led to the carrier’s inability to meet the contractual obligations of a three-year operational leasing agreement the two parties signed last year. Under the deal, Western Global was to operate a 747-400BCF on behalf of Flexport through March 31, […]
  • Caryn Livingston
  • July 25, 2019

DB Schenker parent reports jump in net financial debt, capex for 1H19

Today, DB Schenker parent, Deutsche Bahn AG, released its preliminary figures for the first half of 2019 that showed a large increase in net financial debt and capital expenditures, and mixed results among its subsidiaries, DB Schenker and DB Cargo.  DB’s net financial debt rose to US$18.3 billion (€25.4 billion) as of June 30, 2019, up […]
  • Chelsea Toczauer
  • July 25, 2019

Tough market sees Kuehne + Nagel air volumes down, net earnings up 

Reflecting the continued weakness of the airfreight market, first-half results from Kuehne + Nagel showed a 5.8% drop in air cargo volume to 813,000 tonnes, despite a 5.5% rise in gross profit and a modest 2.0% increase in earnings before interest and taxes (EBIT).  Describing the market as “tough,” Kuehne + Nagel said the air unit’s volume […]
  • Chelsea Toczauer
  • July 23, 2019
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