Alibaba.com and Kuehne + Nagel to expand partnership

Our sister publication, Cargo Facts reports the world’s second largest air freight forwarder by volume, Switzerland-based Kuehne + Nagel, signed an MoU to offer outbound logistics services to shippers listed on China’s largest business-to-business platform, Alibaba.com. The MoU will expand the scope of a pilot program launched last year which integrated the forwarder’s “KN FreightNet” digital shipment […]
  • Charles Kauffman
  • April 12, 2017

Agility reports jump in net profit despite falling revenues

Lower gross revenues for Agility, the Kuwait-based integrated logistics provider, did not put a damper on the company’s 5 percent year-over-year jump in 2015 net profit, which grew to US$175 million. The group blamed “challenging market conditions and exposure to currency fluctuations” for the drop in gross revenues, which, along with earnings before interest, tax, […]
  • Charles Kauffman
  • March 30, 2016

Expeditors sees record-high growth despite volume dip

The good times continue to roll at U.S.-based forwarder and logistics services provider Expeditors International – even when cargo volumes are down, the company reports double-digit growth in net income, operating income and operating margins. In fact, CEO Jeffrey Musser said 2015 was the best year in the company’s history. For the fourth quarter of […]
  • Randy Woods
  • February 26, 2016

Forwarders brace for impact of new EU customs code

In May, the new European Union Customs Code will come into effect. According to its authors, the new code will streamline the clearance process and make it more transparent and user-friendly. But there are concerns about some elements, as well as the time frame for its introduction. Forwarders, especially, are looking with some trepidation to […]
  • Ian Putzger
  • February 3, 2016

Expeditors keeps breaking its own records

Expeditors International continued its remarkable string of successes with its third-quarter figures. As was the case in the second quarter, net income, net revenue and operating income were all records for the forwarder, and all came despite a sluggish economy. David Harris, at sister publication, Cargo Facts, provides more details. Bookmark
  • David Harris
  • November 4, 2015

The Power 25 Forwarders of 2015

The larger you are, the harder it is to shove you aside. This basic fact of physics can be seen in The Power 25, Air Cargo World’s list of the top 25 largest freight forwarders in airfreight, based on tonnage last year. Many of the familiar brawny players – DHL Global Forwarding, Kuehne + Nagel, […]
  • Randy Woods
  • June 5, 2015

European airfreight forwarders expect strong peak season

Volumes are expected to be robust among Europe’s freight forwarders through next month, according to Danske Bank’s latest European Freight Forwarding Index report for September 2014. Airfreight was the strongest segment mentioned in the report, reaching an index level of 57 for the month of September, a significant jump from the index of 38 reported […]
  • October 29, 2014

Kuehne + Nagel sees boost from stabilized air cargo

Thanks in part to a 5 percent growth in tonnage in its air cargo business, Kuehne + Nagel (KN), the world’s largest freight forwarder, reported an 8.2 percent increase in earnings (EBIT) for the first nine months of 2014. “The situation in the international airfreight market stabilized, with volumes growing between 3 and 4 percent,” […]
  • October 14, 2014

DHL Global Forwarding moves to secure freight capacity

As a much-anticipated peak season approaches, DHL Global Forwarding (DGF) has launched a program to secure long-term capacity on a number of the world’s busiest trade routes, notably between the European and Asia Pacific markets.   DGF, the forwarding unit of express postal giant Deutsche Post DHL, based in Bonn, Germany, said the announcement was a […]
  • October 9, 2014