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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]
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