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 2018

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

AirBridgeCargo, CargoLogicAir sign on with IoT firm for pharma tracking

At the Farnborough Air Show today, two cargo carriers – Russia’s AirBridgeCargo (ABC) and London-based CargoLogicAir (CLA) – said they have signed on with “internet of things” (IoT) digital avionics firm, SITAONAIR, to provide real-time monitoring of temperature-sensitive pharmaceutical cargo. Through the use of connected electronic sensors, SITAONAIR collects air cargo data provided by its […]
  • Randy Woods
  • July 16, 2018

Changes in Latitude: Latin America’s economy reverses years of cargo stagnation

Ten pallets of papayas are sitting in an industrial-sized refrigerator in one of the cool-chain facilities at Rio de Janeiro-Galeão International Airport (GIG), awaiting the green light from customs to be loaded onto the belly of a Los Angeles-bound widebody. Upon arrival in LAX, the prized fruits will be offloaded and transferred to another aircraft, […]
  • Nina Chamlou
  • July 5, 2018

Are security measures neutralizing airfreight’s chief asset?

“We live and die by the clock. We never turn our back on it – never allow ourselves the sin of losing track of time,” says Chuck Noland, a time-obsessed efficiency expert for FedEx, in the opening sequence of the hit Robert Zemeckis movie “Cast Away.” He speaks to a group of trainees at the […]
  • Brandon Fried
  • July 3, 2018

Uncertain Certification: Do CEIV-Pharma standards really help?

At an airfreight conference held last fall in Budapest, Marcel Fujike, senior vice president of products and services, global air logistics, for Kuehne + Nagel, commented during a post-roundtable Q&A session about the effectiveness of the growing CEIV standard for pharmaceutical handling. At one point, he remarked, “If we really want to move the industry […]
  • Lewis King
  • July 2, 2018
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