K+N air volumes shrink, but net earnings rise in Q1

Reflecting the general downturn of the airfreight market, first-quarter results from Kuehne + Nagel showed a 3.1% drop in air cargo volume to 409,000 tonnes, despite a 7.3% rise in gross profit and a modest  2.5% increase in earnings before interest and taxes (EBIT). Describing the market as “declining,” K+N said the air unit “developed […]

Panalpina persists in perishables with purchase of CargoMaster, Laseair

Swiss forwarding giant Panalpina is seeking to increase its already large market share of the South American perishables logistics market by purchasing CargoMaster S.A. in Colombia, and its Ecuadorian subsidiary, Laseair S.A. The companies reached an agreement on Tuesday of this week, but chose not to disclose the financial details of the acquisition. CargoMaster, with […]

WebCargo, Air France-KLM bring dynamic pricing to air cargo

In a bid to speed up the process of booking freight and broaden the use of dynamic pricing in the industry, Air France-KLM-Martinair Cargo has partnered with Freightos to use the WebCargo airfreight booking platform, which provides forwarders with live rates and capacity availability updates. After completing pilot projects with forwarder Panalpina last month, using […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]
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