Panalpina Q1 EBIT falls 7.4% for air segment on heels of DSV purchase

Today, Panalpina released its first-quarter results for 2019, following its recent acquisition by its fellow-Swiss rival DSV, in which it delivered double-digit growth in operating profit of 15% to $US28.1 million, year-over-year. However, performance was a bit less eye-popping when breaking down the results segment by segment. Its Air Freight segment saw volumes increase by […]
  • Nina Chamlou
  • April 17, 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

While completing CMA CGM merger, CEVA extends partnership with Brazilian automaker

This week, Swiss 3PL CEVA Logistics inked a new contract with longtime partner, Brazil-based Fiat Chrysler Automotive (FCA), to manage the company’s aftermarket operations at its Betim facility until 2022. At the same time, CEVA completed its deal with French maritime shipping giant, CMA CGM Group, giving the latter nearly 98% control of the logistics […]
  • Nina Chamlou
  • April 12, 2019

Freightos expands reach by acquiring India-based e-booking company

Hong Kong-based software-as-a-service (SaaS) company Freightos has acquired Air Freight Bazaar India – an electronic freight booking service – in a move to expand the reach of its platform, WebCargo, into the Southeast Asian market.  “Our initial focus in India will be on further automation for local airfreight forwarders and collaborating [with Bazaar] on dynamic […]
  • Nina Chamlou
  • April 11, 2019

DSV is building its biggest Northern European hub [VIDEO]

Danish forwarding giant DSV said it is building what will be its largest hub in Northern Europe, to serve as a gateway to the rest of Scandinavia. This news follows the inking of a new deal to purchase its Switzerland-based competitor, Panalpina, for US$4.6 billion earlier this month.  The first of four planned facilities, which […]
  • Nina Chamlou
  • April 11, 2019

WACO keynoter says forwarders must focus on digitalization rather than price

The global freight network for independent forwarders, known as WACO, met last week in Limassol, Cyprus, to discuss the state of the industry, where Lars Jensen, keynote speaker and CEO of Sea Intelligence Consulting, spoke about the perceived resistance from the forwarding community to digitalize, which the logistics community has been criticized for over the past […]
  • Nina Chamlou
  • April 10, 2019

Increased wait times at U.S.-Mexico border may compel modal shift to air

Last week, the United States President Donald Trump suggested the potential complete closing of the U.S.-Mexico border. This rhetoric exacerbates uncertainty among shipping companies involved in cross-border freight movements, after the issue had previously been considered largely resolved with the creation of the United States-Mexico-Canada Agreement (USMCA) to replace NAFTA. To address the new uncertainty, logistics companies, such as U.S.-based C.H. Robinson, are advising consideration of alternate modes of […]
  • Chelsea Toczauer
  • April 9, 2019

DSV to purchase Panalpina for US$4.6 billion in blockbuster deal

After weeks of speculation over the future of Panalpina’s ownership, Denmark’s DSV today reached an agreement to purchase its Swiss rival for US$4.6 billion – a merger that will create one of the world’s largest logistics companies, and appears to end the possibility of a merger with the Agility Group The board of directors at […]
  • Nina Chamlou
  • April 1, 2019

Panalpina Singapore, L’Oreal partner to reduce CO2 emissions with biodiesel trucks

Panalpina Singapore is jumping on the eco-conscious band wagon with the launch of a fleet of biodiesel trucks for its client, L’Oreal’s Travel Retail Asia Pacific. The initiative supports L’Oreal’s “Sharing Beauty With All” campaign, in which the cosmetics giant aims to reduce its global environmental footprint by engaging “100 percent” of its strategic suppliers […]
  • Nina Chamlou
  • March 29, 2019

BIFA now supports extension of ‘Transitional Simplified Procedures’ in no-deal Brexit

With U.K. Prime Minister Theresa May’s attempt at a third vote in Parliament over a Brexit deal appeared to be falling apart today, there may be a glimmer of hope for the logistics industry in the face of what looks to be an inevitable “no-deal” Brexit nightmare. The British International Freight Association (BIFA), has apparently […]
  • Randy Woods
  • March 25, 2019

Helsinki Airport aims for drone cooperation with Skyports trials [VIDEO]

While unauthorized drone operations near London Gatwick Airport (LGW) led the United Kingdom to tighten restrictions on near-airport operations earlier this year, Finland’s Helsinki Airport (HEL) is taking a more cooperative approach that could help launch urban drone deliveries. This week, U.K.-based drone infrastructure firm Skyports successfully completed urban environment drone delivery trials at HEL. […]
  • Chelsea Toczauer
  • March 22, 2019

Cargo-partner turns 25, set to move into ‘BUD Cargo City’ this year

Vienna-based logistics provider cargo-partner, which is celebrating it 25th year in service in Hungary, said it will become one of the first tenants in the “BUD Cargo City” project at Budapest Ferenc Liszt Airport (BUD) before the end of this year. Construction on the planned three-story facility began in in January of this year and […]
  • Randy Woods
  • March 21, 2019

Increased forwarding volumes, oil prices helped Bolloré see growth in 2018

French logistics conglomerate Bolloré continued to grow through the end 2018, due mostly to a 9 percent increase in its Transportation and Logistics (T&L) division. Sea- and airfreight volumes both rose in 2018, especially in Bolloré’s African operations, and also in its oil-and-gas logistics activities, which grew in revenues by 25 percent, “thanks to higher […]
  • Randy Woods
  • March 20, 2019

Rhenus acquires Canadian 3PL Rodair

This week, the Germany-based logistics conglomerate, the Rhenus Group, acquired a Toronto-based 3PL, the Rodair Group, to expand its North American presence. Rodair has sites in Montreal, Calgary and Vancouver, offering freight forwarding, project logistics, courier, warehousing, distribution, e-commerce solutions and customs clearance services. The group services a range of industries, including fashion, retail, automotive, […]
  • Nina Chamlou
  • March 19, 2019
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