Post Tagged with: "forwarding"

Air freight success boosts K+N’s second quarter

Air freight success boosts K+N’s second quarter

July 18, 2017 at 10:33 am 0 comments

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported second-quarter net income up 2.1%, as gross profit (what some forwarders call net revenue) rose 3.9% to US$1.81 billion. EBIT for the quarter was up 2.1% to $200 million. These low-single-digit financial numbers hide the fact that K+N’s Airfreight andRead More

Top 25 air freight forwarders of 2016 – It’s déjà vu all over again!

Top 25 air freight forwarders of 2016 – It’s déjà vu all over again!

June 2, 2017 at 10:27 am 0 comments

Armstrong & Associates has released its 2016 list of the world’s largest freight forwarders ranked by air freight tonnage, and the list has a very familiar look. The only new name in the top 25 for 2016 is Apex Logistics, and the only name missing from last year is UTiRead More

Express & e-commerce drive first-quarter growth at DP-DHL

Express & e-commerce drive first-quarter growth at DP-DHL

May 11, 2017 at 10:47 am 0 comments

Deutsche Post-DHL reported first-quarter net profit down slightly (0.9%) y-o-y to €633 million, as total revenue rose 7.3% to €14.88 billion. Operating profit (EBIT) for the quarter was up 1.4% to €885 million. As is often the case, the reported results tell only part of the story. In the firstRead More

Record fourth-quarter earnings cap a great year for DP-DHL

Record fourth-quarter earnings cap a great year for DP-DHL

March 10, 2017 at 10:18 am 0 comments

Capitalizing on strong e-commerce growth and on a return to financial health by its forwarding arm, Deutsche Post-DHL reported net profit up more than 25% to €841 million in the fourth quarter of 2016. The big jump came despite revenue remaining almost flat (up just 0.5%) at €15.41 billion. OperatingRead More

Expeditors handles record volumes in 4Q16, as margins take a hit

Expeditors handles record volumes in 4Q16, as margins take a hit

February 22, 2017 at 10:21 am 0 comments

US-based forwarder and logistics services provider Expeditors  International of Washington, Inc., transported significantly more air and ocean freight during 4Q16, compared to 4Q15, with volumes for both up 12% y-o-y. Despite higher volumes, net income was down 3.4% y-o-y, to $111 million. The larger volumes elevated net revenues, which roseRead More

Alibaba goes to sea

Alibaba goes to sea

January 9, 2017 at 9:22 am 0 comments

Chinese e-commerce giant Alibaba entered a partnership with Maersk, the world’s largest ocean container shipping line, allowing shippers to use Alibaba’s OneTouch website to book space on Maersk vessels. OneTouch, which Alibaba acquired in 2010, targets small- and medium-sized Chinese exporters and allows them to book shipments with air freightRead More

DP-DHL doubles third-quarter profit

DP-DHL doubles third-quarter profit

November 10, 2016 at 10:52 am 0 comments

Deutsche Post-DHL’s third-quarter net income more than doubled year-over-year to €1.79 billion, as total revenue declined 3.9% to €13.86 billion. Operating profit (EBIT) in the quarter almost tripled to €755 million. This somewhat odd-looking combination – net income and EBIT up by triple-digit percentages in the face of falling revenue –Read More

Strong air freight gains save Panalpina’s 3rd quarter

Strong air freight gains save Panalpina’s 3rd quarter

October 25, 2016 at 10:37 am 0 comments

Switzerland-based forwarder and logistics services provider Panalpina reported third-quarter net income up 2.5% y-o-y to US$25 million, as gross profit (what some forwarders call net revenue) fell 4.3% to $359 million. Operating income (EBIT) for the quarter was up 2.8% to $33 million. For the first three quarters of 2016,Read More