Turkish Airlines adds Cambodian freight route

Very few airfreight markets are showing double-digit growth these days, but Phnom Penh in Cambodia is an exception, with recorded tonnage growth of 17.3 percent, year-over-year, in 2015. This week, Turkish Airlines became the latest carrier to enter the market with the launch of its new weekly service from Istanbul, using a 60-tonne-capacity A330-200F. Foremost, […]
  • Charles Kauffman
  • May 24, 2016

TAC Index lets shippers gauge spot market rates

Earlier this week a beta version of the TAC Index went live, giving shippers and forwarders a new way to monitor and visualize general freight rates between key city pairs, reports Journal of Commerce. At this initial stage TAC collects regular data from a handful of the world’s top 20 leading forwarders to provide rate […]
  • Charles Kauffman
  • May 20, 2016

CEVA streamlines customs clearance process in Brazil

Netherlands-based CEVA Logistics has unveiled a new strategy to expedite customs clearance for the imports and exports it moves through Brazil, and it’s simple – handle customs locally. Every month CEVA carries out roughly 3,000 customs clearance processes in Brazil, 800 of which move through São Paulo’s Viracopos Airport. CEVA said that by relying on […]
  • Charles Kauffman
  • May 19, 2016

DHL-GF launches new perishables cool-center at Schiphol

With the recent launch of DHL Global Forwarding’s new temperature-controlled logistics center, high-value pharma, medical and life sciences commodities now have an additional option when passing through Amsterdam’s Schiphol gateway. The new 1,000-square-meter “Life Science Competence Center,” which came at a cost of €1 million, will serve as a hub for the processing, transfer and […]
  • Charles Kauffman
  • May 19, 2016

K+N’s Scharwath to take helm of recovering DHL Global Forwarding

Earlier this year, Deutsche Post DHL CEO Frank Appel vigorously defended the performance of its troubled Global Forwarding, Freight, division amid rumors that it might be sold at a fire-sale price. Today, Appel’s defense was solidified yet again with the announcement that Tim Scharwath, former   global head of air logistics at Kuehne + Nagel (K+N), […]
  • Randy Woods
  • May 18, 2016

Impatient U.K. forwarders weigh in on airport expansion delays

Freight forwarders in the United Kingdom who are frustrated by the lack of progress in the expansion plans for the country’s airports are mad as hell and they’re not going to take it anymore. This was the gist of a statement made this week by the British International Freight Association (BIFA) in support of criticism […]
  • Randy Woods
  • May 12, 2016

DSV’s UTi acquisition boosts airfreight, but drags on profit

Although DSV’s acquisition of UTi has yet to pay significant dividends, as net profit dropped 45.4 percent year-over-year, to US$49 million for the first quarter of 2016, the company’s airfreight operations reported significant growth. Airfreight volumes for DSV soared 71 percent to 122,817 tonnes during the same period. Much of the airfreight volume growth (66 […]
  • Charles Kauffman
  • May 12, 2016

Agility’s Sultan expects to grow earnings tenfold by 2020

For the first quarter of 2016, Agility yesterday reported a net profit of US$43.5 million, a respectable increase of 10.9 percent compared with the first quarter of 2015, which itself was a strong quarter for the air cargo world, due to the U.S. West Coast port slowdown. Earnings before interest, taxes, depreciation and amortization (EBITDA) […]
  • Randy Woods
  • May 10, 2016

Expeditors loses momentum in Q1 2016

First-quarter net revenues dropped 2 percent, year-over-year, at Seattle-based Expeditors, to US $517 million, while net profit fell 9.6 percent, year-over-year, to $97 million as the company adjusts to marketthat looks very different from the boom days if Q1 2015. Company president and CEO Jeffrey S. Musser noted the stark differences in “the underlying fundamentals” […]
  • Charles Kauffman
  • May 5, 2016

CEVA resists headwinds for continued Q1 growth

Swelling net revenue margins supplanted the impact of lower gross revenues for Netherlands-based CEVA Holdings during the first quarter of 2016. The group’s freight management unit, which includes air and seafreight forwarding, reported a 57.1 percent, year-over-year, jump in EBITDA, to US$10 million, on a constant currency basis. Cargo volumes for both air and sea […]
  • Charles Kauffman
  • May 2, 2016

Strong Q1 at C.H. Robinson highlights growth in flat market

Overall revenues at C.H. Robinson’s Global Forwarding unit were up 8.3 percent, year-over-year, for the first quarter of 2016, to reach US$878 million, but the airfreight forwarding division’s net revenues suffered a 10.8 percent drop. However, when swelling ocean revenues are taken into account, the company’s combined net profit for Q1 rose 11.7 percent, y-o-y, […]
  • Charles Kauffman
  • April 29, 2016

Panalpina earns its first CEIV-pharma cert at Brussels

Continuing a long string of supply-chain stakeholders that have concentrated on improving their pharmaceutical handling operations at Brussels Airport, Panalpina’s facility has earned its Center of Excellence for Independent Validators (CEIV) certification for pharma traffic. The achievement represents the first Panalpina station to earn a cert via the IATA’s much-sought-after CEIV validation process. “Unlike the […]
  • Randy Woods
  • April 28, 2016

Dachser reaps benefits of long-term strategy in 2015

In its year-end report for 2015, Dachser’s Air and Sea Logistics division said it generated revenue growth of 8 percent and contributed a total of €1.6billion to its consolidated revenue for the year. Most of the growth, the company said, came from investments in enhancing efficiency rather than acquisition. “Last year we didn’t significantly expand […]
  • Randy Woods
  • April 22, 2016

Brussels Airport forges new cargo community organization

Brussels Airport, still recovering from last month’s terrorist bombings at its passenger terminal, has strengthened its cargo operations with a new cargo community organization, called “Air Cargo Belgium.” The new entity, launched April 18, groups all companies under the less formal “BRUcargo” platform, along with any related stakeholders or official organizations, to create a more […]
  • Randy Woods
  • April 20, 2016
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