Agility sees another strong quarter for revenue, but airfreight falls

Kuwait-based logistics provider Agility reported a 3.2% year-over-year increase in its revenue for the second quarter alongside an 8.1% increase in profit for the quarter, despite an airfreight market afflicted by “volume declines and shifts that have resulted from U.S.-China tariffs and import restrictions,” the company said in a statement on the results. Across the […]
  • Caryn Livingston
  • August 14, 2019

Hong Kong Airport’s cargo traffic continued to slide in May

Hong Kong International Airport (HKG) reported that air cargo traffic continued its downward slide in May 2019, slipping 7.3% year-on-year to 405,000 tonnes. Cargo imports plunged 9% compared to May 2018, as trade tensions ramp up between China and the United States. The International Air Transport Association (IATA) found that global cargo demand fell 4.7% […]
  • Brianne Ledda
  • June 17, 2019

CFA: Air cargo trade lanes can adapt to a trade war [VIDEO]

During a roundtable panel discussion at the 8th annual Cargo Facts Asia symposium held last month in Shanghai, executives from Agility and China Southern Airlines discussed the impact of the United States-China trade war on the Asia-Pacific air cargo market. According to panelists, while trade flows have shifted in the region as a result of […]
  • Caryn Livingston
  • May 16, 2019

Agility posts growth in Q1 revenue, airfreight tonnage

Kuwait-based Agility’s airfreight business grew across several trade lanes and sales channels in the first three months of 2019, resulting in a tonnage growth of 5.2% in the first quarter. As a whole, Agility posted a net profit of $66.8 million, 7.3% higher than in the first quarter of 2018. Earnings before interest taxes, depreciation […]
  • Jeff Lee
  • May 13, 2019

Agility survey predicts effects of trade tensions, emerging economies

Kuwait-based international forwarder Agility Logistics released its emerging markets logistics analysis that shows the hindrances that protectionist policies pose to the momentum of globalization, but also highlighted some emerging markets that are being fueled by a continued demand for e-commerce. At the forefront of the study, Agility noted that, since July 2018, the International Monetary […]
  • Nina Chamlou
  • March 5, 2019

Possible M&A target Agility reports double-digit profit growth in 2018

Just days after Switzerland-based Panalpina made an offer to purchase Agility Logistics, the Kuwaiti forwarder released its end-of-the-year financial results for 2018, which show that it maintained impressive margins at both the full year and the quarterly level. Agility said on Friday that  it was considering Panalpina’s offer however, negotiations are still in the preliminary […]
  • 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

Agility Logistics to invest $100 million in digital logistics platform Shipa.com

Kuwait-based Agility Logistics is committing to the digitalization of its services in the form of a $100 million investment toward the expansion of “Shipa.com” – an online platform  that integrates Agility’s global network, and infrastructure. The new investment will add service lines to Shipa Freight, which Agility launched  in April to provide customers with options […]
  • Nina Chamlou
  • December 10, 2018

Agility increases net profit, air freight volumes in Q3

Kuwait-based international logistics company Agility released its third-quarter results, which show a 12.3 percent increase in net profit, year-over-year, to US$65.7 million, and an increase in earnings before interest, taxes, depreciation and amortization (EBITDA) of 14.8 percent to US$128.8 million. Airfreight tonnage increased 11.4 percent, which the company said was driven by tonnage and yield […]
  • Nina Chamlou
  • November 12, 2018

Fashion Forward: How the promise of A.I. will disrupt the apparel industry

Picture this. You receive a calendar notification on your phone. It’s that networking event you RSVP’d to a few months back. Crap, it’s next week, you think to yourself. You had envisioned shaking hands with your future contacts while wearing a sharp blazer and a fresh pair of slacks and your old standby ensemble, which […]
  • Nina Chamlou
  • September 6, 2018

Agility Logistics reports Q2 growth in net income, airfreight volume

Kuwait-based Agility Logistics has released its Q2 2018 financial results, which show a 20 percent increase in net profit and a 14 percent increase in volume, year-over-year, in its airfreight segment for the three-month period ended in June 30, 2018. Its freight forwarding and contract logistics segments were the two major drivers of revenue within […]
  • Nina Chamlou
  • August 7, 2018

Agility launches online forwarding platform for SME shippers

Kuwait-based Agility Logistics, a digitalization early-adopter in the logistics space, is introducing another major innovation in its logistics services with the launch of its online forwarding platform, called Shipa Freight. Shipa Freight is fully integrated with Agility’s logistics network and “allows users to complete a shipment completely online,” according to Shipa Freight CEO Toby Edwards. […]
  • Caryn Livingston
  • April 17, 2018

Agility rides demand for infrastructure, contract logistics to strong 2017

Global demand for warehousing and freight forwarding services pushed Agility Logistics’ fourth-quarter net profits up 22.5 percent to US$64.3 million, with Agility CEO Tarek Sultan saying that all the company’s groups had a “critical year.” Full-year earnings saw similar gains, with net profits up 16 percent to $228.4 million. The Kuwait-based 3PL said that it […]
  • Lewis King
  • February 21, 2018

Agility signs on to Maersk-IBM blockchain project

Kuwaiti 3PL Agility Logistics has signed on as the first freight forwarder to collaborate with Maersk and IBM on a project that uses blockchain to manage and track container shipments. As the forwarding partner in the project, Agility said it will “identify events associated with individual shipments and to share and receive information about them […]
  • Lewis King
  • February 6, 2018
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