Expeditors continues to increase profits in 2018

Seattle-based forwarder and logistics services company Expeditors International released its 2018 results, which show that its high-margin profits we’ve come to expect in the last year continued to roll through the end of the year. Operating income increased 9 percent to US$217 million year-over-year for the fourth quarter, and 14 percent to $797 million for […]
  • Nina Chamlou
  • February 19, 2019

BIFA to launch networking group for young forwarders in U.K.

In an effort to encourage more young professionals to join the freight forwarding profession in the United Kingdom, the British International Freight Association (BIFA), said it will create a new networking group, the BIFA Young Forwarders Network (YFN), on March 6 to represent people who have recently joined the industry. Initially, the goal for YFN […]
  • Randy Woods
  • February 19, 2019

Kerry Logistics launches e-commerce JV with E-Services Group

Hong Kong-based Kerry Logistics and e-commerce IT company E-Services Group (ESG) have entered a joint-venture (JV) to develop a fulfillment service that will fuse Kerry’s network and logistics services with ESG’s technological capabilities. The JV, “Kerry ESG,” will allow e-tailer shippers to manage order fulfillment, inventory and reverse logistics through a centralized platform upon its launch […]
  • Nina Chamlou
  • February 18, 2019

Panalpina ‘in discussions’ with Agility, mulling over DSV’s revised offer

After several days of industry speculation about mergers and acquisitions (M&A) activity in the freight forwarding sector, the pas de deux between Panalpina and DSV A/V just got more complicated by a third party that has been added to the dance card: Agility Global Logistics. In a short statement today, the Swiss forwarder acknowledged that […]
  • Randy Woods
  • February 15, 2019

Flexport’s expanded HKG-ORD air service to resume after Chinese New Year

After launching its weekly Private Air Service (PAS) from Hong Kong International (HKG) to Chicago O’Hare (ORD) in early January, San Francisco-based digital forwarder Flexport is getting ready to resume its service after the Chinese Lunar New Year lull. The expected return to service will be Feb. 23, according to Neel Jones Shah, Flexport’s senior […]
  • Randy Woods
  • February 13, 2019

U.S. House committee considers bill to fund FAA during shutdowns

Today, the U.S. House Committee on Transportation and Infrastructure Subcommittee on Aviation held a hearing to discuss H.R. 1108, the proposed “Aviation Funding Stability Act of 2019” that would fund the Federal Aviation Administration (FAA) in the event of a partial government shutdown like the one ended late last month. The hearing examined how the […]
  • Chelsea Toczauer
  • February 13, 2019

February: Some recent personnel moves in the air cargo industry

THIRD PARTIES Panalpina announced that Peter Ulber (at right) will not stand for re-election as chairman of the board at the forwarder’s next annual general meeting in May, following a vote against Ulber’s return by investor company Cevian Capital. Ulber joined Panalpina in 2013 as president and CEO and was elected as chairman in May of […]
  • Nina Chamlou
  • February 8, 2019

DSV reports double-digit increases in profits in 2018, above market averages

The DSV Group released its annual results for 2018 today, in which the Danish logistics giant reported an impressive growth rate in operating profit, or earnings before interest and taxes (EBIT), of about 12 percent during both the fourth quarter and the full year. EBIT for Q4 was about US$204 million and $829 million for […]
  • Nina Chamlou
  • February 7, 2019

This year, I resolve to put infrastructure ahead of technology

Recent statistics indicate that only 9 percent of New Year’s resolutions made are ever kept for more than a few weeks. At the beginning of each year, many of us promise to eat less, get more exercise, increase charitable contributions or find other creative ways to improve ourselves in hopes of a brighter future. Personally, […]
  • Brandon Fried
  • February 7, 2019

Following the Pack: Reassessing often-overlooked cool-chain packaging

On Dec. 13, Southwest Airlines flight 3606 was 35,000 feet above Idaho en route from Seattle to Dallas when the captain announced to passengers that the plane was turning around and heading back to SeaTac – a measure that is only taken in the most critical of circumstances. In fact, the incident made headlines on […]
  • Nina Chamlou
  • February 6, 2019

DHL Global Forwarding to open humanitarian logistics hub in Dubai [VIDEO]

DHL Global Forwarding is creating a new center focused specifically on logistics for humanitarian crises around the world. The Global Competence Center for Humanitarian Logistics is to be located in Dubai, strategically positioned between Europe and sub-Saharan Africa. The facility is also in relative proximity to the already existing International Humanitarian City – a major […]
  • Nina Chamlou
  • February 6, 2019

dnata furthers investment in freight forwarding

Today, dnata furthered its investment in freight forwarding by purchasing stake in two companies – a 50 percent stake in Dubai Express, Freightworks LLC and a 25.5 percent stake in France-based Bolloré Logistics LLC, United Arab Emirates (UAE) from UAE-based Kanoo Group LLC. As a result of the transaction, dnata is now the sole owner […]
  • Chelsea Toczauer
  • February 6, 2019

CHAMP’s Matt Woolmer on bringing digitalization to SME forwarders

In January, Oman Air Cargo became the latest carrier to jump onboard the digitalization train by offering its customers electronic access to its capacity via Traxon cargoHUB, a digital messaging platform for carriers and forwarders from Luxembourg-based IT firm CHAMP Cargosystems. The platform is compatible with IATA’s electronic air waybill (e-AWB) initiative, called e-Freight, which […]
  • Randy Woods
  • February 5, 2019

CEVA’s preliminary results for 2018 point to future growth, reduced debt

Calling 2018 a year rocked by “structural changes” and activity to deleverage debt, CEVA Logistics AG released preliminary results on Monday for the year ended Dec. 31, 2018, suggesting that revenues grew during the year, albeit not quite as strongly as the revenues from the previous year. CEVA’s full 2018 results are not expected to […]
  • Randy Woods
  • February 5, 2019
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