Airfreight volumes, earning continue to rise at Panalpina in Q3

Panalpina announced a slight increase in earnings before interest and tax (EBIT) in spite of what it referred to as a “challenging market.” Airfreight volumes for the Swiss forwarder increased 9 percent, year-over-year, for the first nine months of 2016, even as the overall air cargo market decreased by an estimated 1 percent during the […]
  • Lewis King
  • October 26, 2016

Airfright earnings down 4.8 percent at K+N in ‘tense’ third quarter

Kuehne + Nagel said a “tense” global airfreight market in the third quarter and continued pressure on margins contributed to shrinking demand and further capacity increases. As a result, Q3 earnings before interest, tax, depreciation and amortization (EBITDA) in its airfreight division were down 3.6 percent, year-over-year, to US$272.6 million, while operating profit fell 3 […]
  • Lewis King
  • October 20, 2016

K+N’s first-half profits rise despite revenue drop

The Kuehne + Nagel Group reported that gross profits were up by by 8 percent to US$3.3 billion in the first six months of 2016, even as net sales decreased. The logistics provider’s operating result (EBITDA) grew by 10 percent to $554.9 million, while earnings before tax and interest (EBIT) were up $45.6 million over […]
  • Lewis King
  • July 20, 2016

Cargo Community Frankfurt grows despite dip in airfreight

The Air Cargo Community Frankfurt announced on Monday that three major air cargo players had joined the organization, bringing its membership up to 41 companies, representing all sectors of the air logistics chain. The newest additions – the Freight Forwarding and Logistics Association Hessen/Rhineland-Palatinate (SLV), Kuehne + Nagel and Hellmann Worldwide Logistics – bolster the […]
  • Lewis King
  • June 14, 2016

The Power 2015: Stability at the top

Stability at the top For the top four forwarders on the Power 25 list, ranked by tonnage, there was seemingly little change. DHL’s Supply Chain and Global Forwarding divisions led the field, yet again, by a wide margin, with 2.11 million tonnes of air cargo shipped during 2015. However, the leader hardly had an easy […]
  • Randy Woods
  • May 26, 2016

K+N’s Scharwath to take helm of recovering DHL Global Forwarding

Earlier this year, Deutsche Post DHL CEO Frank Appel vigorously defended the performance of its troubled Global Forwarding, Freight, division amid rumors that it might be sold at a fire-sale price. Today, Appel’s defense was solidified yet again with the announcement that Tim Scharwath, former   global head of air logistics at Kuehne + Nagel (K+N), […]
  • Randy Woods
  • May 18, 2016

Perishables bear fruit: Why air cargo shouldn’t fear modal shift

The flat peach – also called a Saturn peach or a doughnut peach for its toroid shape – is high in potassium, vitamin A and vitamin C, and has become a popular health snack in many parts of the world. In 2015, flat peach production spiked, reaching more than 200 percent of the average volume […]
  • Randy Woods
  • May 2, 2016

DHL opens urban logistics center in Singapore

To prepare for an expected increase in pharmaceutical and high-tech air cargo traffic in the Southeast Asian region, DHL Supply Chain has opened a new logistics center in Singapore that the company said will improve the efficiency of its current operations by 20 percent. The design, DHL said, will be considered a model for its […]
  • Randy Woods
  • April 21, 2016

CNS 2016: What experiences are your customers having?

NASHVILLE — The score so far: Consistency and predictability are better than faster speed. Associations work well with each other, but there’s room for improvement. Electronic air waybills (e-AWBs) are worth the trouble it takes to switch over from paper. And forwarders are actually the segment that’s getting the most out of e-AWBs at the […]
  • Randy Woods
  • April 12, 2016

WCS 2016: Perishables transport demands attention to quality standards

People tend to be attracted to things that live fast and die young – such is the case with perishable commodities, a topic that has gained enormous attention among air cargo carriers concerned that these high-value commodities are being siphoned off to oceanfreight. At a packed-to-overflowing session, called “Perishables: Flying is Fresh!”, some of the […]
  • Randy Woods
  • March 17, 2016

ASEAN single market taking slow route to integration

As the world anticipated the arrival of Jan. 1, 2016, the 10 countries that make up the Association of South East Asian Nations (ASEAN) were poised for a New Year’s Eve party with spe­cial global trade significance. From that date on, goods, services, capital and skilled labor are supposedly flow­ing freely between the borders of […]
  • Ian Putzger
  • March 9, 2016

Profits improve for K+N on strength of airfreight

Like its fellow Swiss-based rival Panalpina, freight forwarder Kuehne + Nagel ended up with a tidy profit at the end of 2015, in spite of a stagnant cargo market. But unlike Panalpina, which saw a 2.5 percent decline in air cargo volume, K+N’s success came largely from a 4.7 percent increase in airfreight demand top […]
  • Randy Woods
  • March 4, 2016

World ACD: Top forwarders lose market share in 2015

While worldwide air cargo volume increased by about 2 percent in 2015, the latest figures from WorldACD Market Data said the top 20 freight forwarders lost some market share for the year, dropping from 44.5 percent to 43 percent in terms of revenue, and from 43 to 42 percent in terms of volume. The Amsterdam-based […]
  • Randy Woods
  • February 17, 2016

DSV’s 2015 ended on a high note

According to CEO Jens Bjørn Andersen 2015 was a good year for DSV, one of the first major logistics companies to report financial data for the full year. Andersen said DSV gained market share across all business segments, delivering strong growth in earnings and cash flow. Net revenue of US$7.7 billion was up 4.7 percent […]
  • Staff Reports
  • February 15, 2016
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