There’s an old adage in the airfreight business that says if you have to ship something by air, you’ve probably made some kind of mistake. Why else would shippers pay exorbitant air cargo rates instead of putting it in a truck or on the water? This is especially true in the ad hoc air charter[…]
The strength of Seattle-based Expeditors International’s airfreight unit helped balance out the mediocre performance of its oceanfreight business, though not enough to prevent net profits from falling 1.6 percent, year-over-year, to US$116 million. Although gross revenues were down 12.8 percent to $1.48 billion, net revenues, which is a more meaningful measure of what a forwarder[…]
While June figures for air cargo are showing some improvement, Lufthansa Group’s report for the first half of 2016 shows that the German carrier is still deep in the woods. Revenues and profits were down, year-over-year, by 2.1 percent and 55 percent, respectively, forcing the carrier to “reduce [its] forecast for the full year a[…]
Last month’s British vote to bow out of the European Union has unleashed political turmoil across the nation. In the logistics industry, responses to the “Brexit” have been less dramatic, but operators are bracing themselves for tough and uncertain times ahead. Initial reactions showed consternation and confusion in the face of an outcome that had[…]
Despite its reputation as a company that specializes in forwarding and logistics services between global locales, Panalpina’s latest partnership is about locating customers and production as close to the buyer as possible. Through a partnership with Shapeways, a U.S.-based 3D printing service and marketplace for consumers, Panalpina is looking to “dramatically change the traditional manufacturing[…]
Japan-based Yusen Logistics has opened one of Cambodia’s largest temperature-controlled distribution center in Phnom Penh, which is becoming a significant air cargo destination for its textiles and perishable exports. The 33,000-square-foot facility has almost twice the capacity of the existing warehouse and includes a 4,237-square-foot temperature-controlled storage area. With the expansion, Yusen is looking to[…]
