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

Emerging Myanmar will require patience

After more than two decades of isolation, the nation of Myanmar is moving back into the international market. As this Southeast Asian country makes cautious steps towards democracy, the forwarding industry is watching – and waiting – for opportunities to turn Myanmar into the region’s next logistics powerhouse. For some logistics firms, the wait may be […]
  • Ian Putzger
  • February 5, 2016

K+N signs big pharma contract with GSK

Already one of Kuehne + Nagel’s biggest customers, GlaxoSmithKline (GSK) has agreed to have K+N transport raw pharmaceutical materials to trade customers on its behalf at least through 2021. K+N said it was chosen for the five-year partnership because the pharma conglomerate required a global, end-to-end partner with an existing track record with GSK. The […]
  • Staff Reports
  • January 13, 2016

K+N debuts logistics hub near Singapore pharma business

Kuehne + Nagel has opened a 164,000-square-foot logistics hub in west Singapore, located near the island nation’s pharmaceutical and healthcare centers, major manufacturers and ports. The new facility, which will be large enough to serve K+N’s clients in the ASEAN countries, also provides 150,000 square feet of warehousing space. The new facility – the first […]
  • Staff Reports
  • January 5, 2016

French authorities bust 20 courier firms for price-fixing

Here we go again, with yet another case of cargo companies allegedly sharing information that led to price-fixing. The French antitrust authority, Autorité de la concurrence, fined 20 parcel courier companies a total of €672 million (or US$733 million) for sharing information between 2004 and 2010. Most of the anticompetitive activity occurred at meetings held […]
  • Staff Reports
  • December 15, 2015

Kuehne + Nagel grows despite ‘stagnating’ air market

In what it called a “stagnating airfreight market,” Switzerland-based freight forwarder and logistics services provider Kuehne + Nagel (K+N) has managed to grow airfreight volume by 5.1 percent, year-over-year, in the first nine-months of 2015. From the period of Dec. 31, 2014 through Sept. 30 of this year, K+N’s operating income (EBIT) for the airfreight […]
  • Staff Reports
  • October 14, 2015

DSV acquisition of UTi looks like a go for 2016

  If at first you don’t succeed… For the second time in the last 12 months, Danish logistics group, DSV, has made a bid to to acquire U.S.-based UTi Worldwide. This time, the offer was accepted, for US$1.35 billion, or $7.10 cash per each UTi share, representing a 50 percent premium relative to UTi’s closing […]
  • Staff Reports
  • October 9, 2015

S.E. Asia: Long-haul exits fail to faze forwarders

Thai Airways is pulling out of the trans-Pacific market. Effective Oct. 25 the airline is going to terminate its flights to Los Angeles and also scrap its Bangkok-to-Rome service. After the closure of the Bangkok-to-New York route in 2008, this marks the end of Thai’s presence in the United States. The airline’s network is shrinking […]
  • Ian Putzger
  • September 30, 2015

Kuehne + Nagel reports good first half of 2015

Kuehne + Nagel reported strong growth in the airfreight sector for the first half of 2015, leading to a 4.2 percent increase, year-over-year, in net earnings for the period to $342 million, compared to 2014 when it was $328 million. The global logistics firm saw a 5.2 percent increase in airfreight tonnage, to 610,000 tonnes, […]
  • Staff Reports
  • July 15, 2015

K+N buys ReTrans

Logistics firm Kuehne + Nagel has acquired U.S.-based ReTrans, a non-asset freight brokerage provider. With 68 locations and annual revenues of more than US$500 million, ReTrans specializes in intermodal transportation, as well as full- and less-than-truckload services in the United States and Canada. Detlef Trefzger, CEO of the Kuehne + Nagel Group, said the investment […]
  • Randy Woods
  • July 6, 2015
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