Panalpina, RIM Logistics join blockchain standards group, BiTA

Today, Swiss forwarder Panalpina and Illinois-based RIM Logistics joined the Blockchain in Transport Alliance (BiTA), an organization of logistics companies that share the goal of developing blockchain standards and technology for the cargo community. Members include industry leaders like FedEx, PENSKE and UPS. Blockchain is an open-source encrypted database – popularized by the cryptocurrency Bitcoin […]
  • Nina Chamlou
  • May 22, 2018

Compass Forwarding begins ‘white glove’ services

Today, New York-based freight forwarding and customs brokerage company Compass Forwarding released its own “white glove” handling service, called Compass Critical, for time-sensitive shipments, catering to its clients in the aerospace, pharmaceuticals, energy and automotive sectors. White glove services – which refer to the special handling of cargo during the “last mile” of handling in […]
  • Nina Chamlou
  • May 21, 2018

Poland’s demand for air cargo forwarding projected to grow

Market analysis firm Ken Research published a 100-page outlook report this week on the state of the Polish freight forwarding sector, suggesting that the country will experience strong growth between now and 2022. According to the report, freight forwarding is the largest revenue contributor in Poland’s logistics industry. According to the report, Poland’s major trading […]
  • Nina Chamlou
  • May 18, 2018

DSV opens new office in Panama’s ‘free-trade zone’

Citing a new surge of growth in air cargo demand across the Latin American and Caribbean regions, Danish supply chain company DSV Sea & Air open the doors today at new office location in Panama City, Panama, a key transit hub well known for its free-trade zones. Located near the strategically Panama Canal, the new […]
  • Randy Woods
  • May 16, 2018

CEVA releases positive Q1 figures, outlines post-IPO strategy

Less than a month after its initial public offering (IPO) on the Swiss stock exchanges raised about US$1.2 billion for the Dutch logistics firm, CEVA released generally positive figures for the first quarter of 2018, and provided some more details about its partial purchase of French shipping company CMA CGM. Adjusted earnings before interest, taxes, […]
  • Randy Woods
  • May 15, 2018

Western Global teams up with Hactl for ground handling on L.A.-to-Hong Kong service

On Wednesday, Florida-based cargo carrier Western Global Airlines launched a new partnership with Hong Kong Air Cargo Terminals Limited (Hactl), which will provide ground handling services for the carrier’s Los Angeles-to-Hong Kong route, in partnership with U.S.-based forwarder Flexport. “Working with Hong Kong’s leading freighter handler, Hactl, will help ensure that we can provide our […]
  • Nina Chamlou
  • May 11, 2018

DP-DHL posts mixed results for Q1 2018

As the first quarter of 2018 wraps up, Deutsche Post-DHL Group reported mixed results over the three-month period, reporting a net-profit drop of 6.2 percent, year-over-year, but an increase in operating profit (EBIT) by 2.3 percent to €905 million. DP-DHL also reported trouble in both the Supply Chain and Post-eCommerce-Parcel (PeP) divisions, but also noted […]
  • Randy Woods
  • May 9, 2018

CNS 2018: Air cargo community faces challenges in executing digitalization

PALM SPRINGS, CALIF. – The issue on everyone’s minds here at the CNS Partnership Conference is the prevalence of e-commerce in today’s logistics industry. The e-commerce boom may be breathing life back into airfreight, but industry leaders are now experiencing major growing pains as a result. To address these concerns, Glyn Hughes, the global head […]
  • Nina Chamlou
  • May 8, 2018

Expeditors goes from strength to strength

US-based forwarder and logistics services provider Expeditors International continues to set the bar for performance in the forwarding business, reporting first-quarter 2018 net income up 45.5 percent year-over-year to $137 million as net revenue rose 20.5 percent to $637 million. Operating income for the quarter was up 32.0 percent to $193 million. All three of […]
  • David Harris
  • May 8, 2018

CNS 2018: The ‘Year of the Customer’: A Q&A with CNS President Mike White

Back in February, CNS announced that Michael R. White had been appointed as the organization’s new president. Since joining in 2008, White has held several roles at CNS, most recently as vice president of government and industry relations, where he led CNS operations for advocacy, industry events, the CNS Cargo Agency Settlement System (CASS) and […]
  • Randy Woods
  • May 7, 2018

Growing Accustomed: Customs platforms give edge to smaller forwarders

Sometimes the smallest things can have the greatest impact. Take customs clearance, for example, in the air cargo handling process. Carlos Jaramillo, president of Miami-based freight forwarder Marca Global Logistics, recalls a shipment of cargo earlier this year coming from the Far East into Miami to be trans-shipped to Chile, but was held up briefly […]
  • Randy Woods
  • May 2, 2018

China’s SF Express invests heavily in Flexport’s air cargo expansion

Flexport, the San Francisco-based online forwarder, has focused mostly on moving seafreight since it’s launch in 2013, but its portfolio may soon be expanding significantly into the air sector following last week’s announcement of a US$100 million investment in the company by China’s express carrier SF Express. Flexport told Air Cargo World that it would […]
  • Randy Woods
  • May 2, 2018

K+N flies high as first-quarter airfreight volume surges

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported first-quarter 2018 net income up 11.5 percent, year-over-year, to US$191 million, as gross profit (what some forwarders call net revenue) rose 11.8 percent to $1.92 billion. Operating income (earnings before interest and taxes, or EBIT) for the quarter was up 12.9 percent to $245 million. […]
  • David Harris
  • April 25, 2018
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