Forwarders’ focus turns to margins in the uncertain global environment

Now that the major freight forwarders have reported their earnings for the first half of 2019, a look at the market finds one of lower airfreight volumes and positive oceanfreight volumes. However, the lesson learned from years past was that volumes do not always equate to profit. Today, the focus is on profits. Simple common […]

Still seeing red, but fundamentals improved in CEVA’s 3Q reporting

With CEVA Logistics allegedly on the hunt for a buyer, its positive third-quarter free cash flow of US$9 million, despite overall losses of $22 million, makes the Netherlands-based 3PL a far more attractive proposition than it was in Q3 of 2016, when free cash flow plunged $50 million into the red. In yet another signal […]

Hanjin crisis only part of Korean air cargo struggles

Amidst the shockwaves emanating from last month’s news of the bankruptcy filing of Hanjin Shipping came speculation of a potential silver lining for air cargo carriers. Would the scramble for cargo originally booked on Hanjin vessels provide a windfall for airlines, with a surge in demand to drive up rates and yields? Other than a […]

Xeneta says Hanjin bankruptcy may ‘redefine’ shipping landscape

Even as the aftershocks are subsiding following the Hanjin Shipping bankruptcy disaster in the seafreight world, marketing intelligence firm Xeneta said the industry is still “reeling” from delays in inventory, rising prices and temporary under-capacity for some ships, which could have effects on this year’s peak season performance for the air cargo industry. “The Hanjin […]

Airfreight posts modest gains at DB Schenker

Today’s preliminary half-year 2016 numbers from Deutche Bahn AG, parent company of DB Schenker, put the German transportation company just ahead of it’s position last year, up 0.2 percent, year-over-year, increasing adjusted revenue by US$36.27 million to reach $22.01 billion for the first six months of the year. Air freight registered a 0.9 percent increase, […]

Will live lobsters no longer be immune to modal shift?

Live lobsters, once thought to be immune from modal shift to oceanfreight, could soon lose their places at airports connecting the trans-Atlantic as new ocean containers with aquarium-like environments may make the long-journey by sea a possibility for live sea creatures. France-based CMA CMG’s new “aquaviva” containers are designed specifically to cut into airfreight’s lucrative […]