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

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 UTi Worldwide – but UTi isn’t […]
  • David Harris
  • June 2, 2017

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

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 rose 2.3% to $549 million, though […]
  • Charles Kauffman
  • February 22, 2017

Yusen Logistics expands to Switzerland

Japan-based freight forwarder Yusen Logistics opened a branch office near Zurich Airport on 1 January, 2017. Home to two of the world’s largest airfreight forwarders, Panalpina and Kuehne + Nagel, Yusen called the Swiss office a “strategic step” for the company. The new outpost will offer air and ocean freight services, land transportation and customs […]
  • David Harris
  • January 8, 2017

Hong Kong’s U-Freight: Industry only ‘scratched surface’ of e-commerce

 After attending the recent Amazon Global Selling Expo in Hangzhou, China, Hong Kong-based logistics firm U-Freight Group said that the growth potential for global e-commerce is “far from exhausted,” even in well-established regions, such as the United States, Europe and Japan. U-Freight CEO Simon Wong added, however, that the air cargo industry will need “new […]
  • David Harris
  • January 8, 2017

The “forwarder’s airline” returns to its roots

There has been much talk recently about the disintermediation of forwarders. Talk about cargo carriers bypassing their traditional forwarder customers and dealing directly with shippers. Even talk about e-commerce eliminating the need for forwarders altogether. But Cargolux, once known in the industry as “the forwarder’s airline,” has taken a stand in solidarity with its forwarder partners, […]
  • David Harris
  • July 15, 2016

Elevate 2016 conference announced

Big data, analytics, digitization and the rise of global e-commerce are changing the face of airfreight logistics forever. To help propel the airfreight industry forward, Air Cargo World, sister publication of Cargo Facts, is proud to announce the launch of Elevate 2016, the air cargo industry’s first event focused on innovation. Elevate 2016 will take pl ace […]
  • Randy Woods
  • April 18, 2016

Volume up, yield down in April

Along with its usual monthly summary of air freight volume and yield, Netherlands-based WorldACD today published some interesting data on the forwarding and GSA industries. We’ll start with volume and yield. As shown in the chart at right, WorldACD said air freight volume was up 3.3% y-o-y in April. As we pointed out in our […]
  • David Harris
  • June 1, 2015

Emirates Skycargo moves to all-in pricing

Skycargo, the cargo arm of Dubai-based Emirates, is reportedly in the process of introducing a new, all-in pricing structure that would eliminate the present setup of a base rate plus surcharges for fuel and security, according to a report in Cargoforwarder Global. The new pricing is said to also, occasionally, eliminate other criteria such as […]
  • David Harris
  • January 6, 2015

Full throttle at Expeditors

It was double-digit gains almost everywhere for US-based forwarder and logistics services provider Expeditors International. Expeditors reported third-quarter net income up 10.9% y-o-y to $103 million as net revenue (what European forwarders call gross profit) rose 5.8% to $513 million. Operating income for the quarter increased 8.8% to $159 million. The revenue and income increases […]
  • David Harris
  • November 5, 2014

TSA ends air cargo screening reporting

The US Transportation Security Administration this week announced it will no longer require carriers and freight forwarders to provide air cargo screening volume reporting. The move comes after a considerable lobbying effort by the International Air Cargo Association (TIACA), and since TIACA has summed up the situation admirably, we quote their statement in its entirety: […]
  • David Harris
  • June 20, 2014
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