Sennder raises $70m in bid to take on antiquated logistics market

Berlin-based ground logistics company Sennder recently secured US$70 million in a Series C funding round led by Lakestar, according to TechCrunch, which estimates that Sennder’s valuation is approximately US$300 million.  Sennder raised a Series B totaling $30 million earlier this spring. The startup intends to carve out a niche in the European logistics market by supporting the operations of “full truck […]
  • Brianne Ledda
  • July 22, 2019

Forwarder EFL commits to Pittsburgh as airport angles for JFK and ORD flights 

Today, Sri-Lanka based freight forwarder EFL announced that it will base its North American Cargo Distribution Center at Pittsburgh International Airport (PIT).    An expanding forwarder presence at the airport is good news for PIT as the airport seeks to leverage its geographic location between the Midwest and Northeast to attract cargo flows currently moving through major hubs like Chicago (ORD) and […]
  • Chelsea Toczauer
  • July 18, 2019

Sluggish demand from high-yield cargo verticals hits Panalpina in 1H19 

Swiss  forwarding giant Panalpina reported airfreight volumes up 5% year-over-year to 512,000 tonnes for the first half of 2019 as recent acquisitions began to boost turnover.   Despite the higher overall volumes for the first half of the year, airfreight gross profit was 5% lower at US$342 million (CHF 337.2 million), which, Panalpina blamed on lower demand from high-yield verticals, such as automotive. As a result, earnings before interest and taxes (EBIT) for airfreight dropped 28% […]
  • Brianne Ledda
  • July 18, 2019

Cargo Insights: Forwarders face stiff tech, regulatory and economic headwinds

Extinction is often triggered by a change in environmental conditions, which causes species with insufficient adaptive characteristics to perish. Forwarders continue to face a complex environment of changing regulatory requirements, shifts in trade, competitive technology demands and stiff economic headwinds. The challenging nature of the business has left many experts wondering if forwarders can adapt, […]
  • Brandon Fried
  • July 16, 2019

time:matters expands Sameday Air network to China

Lufthansa Cargo’s time-critical logistics subsidiary time:matters has expanded its Sameday Air network into China for the first time with the addition of stations in Beijing (PEK), Chengdu (CTU), Guangzhou (CAN), Nanjing (NKG), Qingdao (TAO), Shanghai (PVG) and Shenyang (SHE). Customers with urgent shipments will now have access to 157 weekly direct flights between Frankfurt, Munich, […]
  • Jeff Lee
  • July 4, 2019

DHL Global Trade Barometer predicts air trade contraction

The DHL Global Trade Barometer forecasts for global air trade dropped six points from March to a new index of 49, indicating a slight contraction over the next three months.  Most countries are expected to see air trade decline, with the largest contractions expected in Japan (-11 points) and the U.S. (-8 points). Further declines are expected in India […]
  • Brianne Ledda
  • June 27, 2019

FedEx may move to boost express volumes with air service re-pricing

FedEx may soon offer two-day air services at the same price as ground delivery for customers in its Express network. The move would serve to boost the integrator’s cargo volumes within the program. The decision, as reported by the Wall Street Journal, comes on the heels of FedEx’s plans, announced earlier this month, to break […]
  • Brianne Ledda
  • June 24, 2019

Marimekko teams up with DSV to tackle e-commerce in China

Danish logistics company DSV announced a new partnership with Marimekko last week, as the Finnish clothing company works to build its e-commerce market in China. Marimekko has had stores in China since 2012, Remco Enders, General Manager in North China, told Air Cargo World, but they want to go directly to consumers now by setting […]
  • Brianne Ledda
  • June 12, 2019

What the future may hold for dynamic pricing

There was a time when air cargo pricing for both airlines and forwarders in the United States was tightly regulated by a now-defunct federal agency called the Civil Aeronautics Board, or CAB. All rates, charges and rules offered by a freight forwarder required publishing in tariffs or public documents, which were filed with and approved […]
  • Brandon Fried
  • June 6, 2019

The Power 25: Top forwarders face turbulent headwinds

With the continued stagnation in airfreight growth noted in the first quarter of 2019, global freight forwarders may be forgiven for waxing nostalgic for the heady days of early 2018, when the e-commerce surge was expected to keep the 2017 peak season going all year long. Sadly, those days were short-lived and, a full year […]
  • Staff Reports
  • June 3, 2019

DHL GF expands Japanese presence to Hokkaido to aid seafood exports

To celebrate its 50th anniversary in Japan, DHL Global Forwarding has seafood rather than cake on its mind, as the forwarder opens a wholly owned office in Sapporo, the capital of Hokkaido and the fifth-largest city in the country. According to Charles Kaufmann, president and representative director of DHL Global Forwarding Japan K.K., the company […]
  • Jeff Lee
  • May 30, 2019

The Power 25: Forwarders to watch through 2019

DSV-Panalpina (future No. 3) – For the rest of this year and into 2020, all eyes in the forwarding world are going to be focused on the new DSV-Panalpina entity, which was decided in early 2019 and will be formalized by the third quarter. In its annual report for 2018, DSV said its earnings before […]
  • Staff Reports
  • May 24, 2019

Power 25 Charts: 2018’s largest forwarders by airfreight metric tonnes

About the Power 25 The Power 25 list was compiled with the cooperation of Armstrong & Associates, Inc., a U.S.-based supply chain consulting firm, which ranked the 25 largest forwarders, based on their 2018 air tonnage. Revenue information and international air tonnage figures for 2018 are either reported by the companies or estimated by Armstrong […]
  • Staff Reports
  • May 24, 2019

The Power 25: Forwarders are rising fast, but keep those seatbelts fastened

Fastest Risers In the lower-middle of the Power 25 pack, the movement was more volatile, especially with the Asian forwarders making impressive leaps in activity. China’s Apex Logistics International, for example, outpaced all other forwarders with a 42% increase in revenues ($1.35 billion) and a 34.4% rise in air tonnage (430,000) to sprint five spots […]
  • Staff Reports
  • May 24, 2019
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