Expeditors flies high in 3Q17

For what seemed like forever, US-based forwarder Expeditors reliably produced financial and operating results that were the envy of the industry. In fact, it is not much of a stretch to say that Expeditors’ margins would be the enviable in just about any industry. But last year, a bit of the shine came off. Despite […]
  • David Harris
  • November 9, 2017

A tale of two (Swiss) forwarders

Switzerland-based forwarding and logistics giants Kuehne+Nagel and Panalpina posted their third quarter results this week, and while the companies may be geographically close, their results are not close at all. Detailed third-quarter and year-to-date results for both K+N and Panalpina are shown in the charts at right, but here are a few comparisons from the […]
  • David Harris
  • October 19, 2017

Air freight success boosts K+N’s second quarter

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 and Seafreight business units turned in […]
  • David Harris
  • July 18, 2017

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

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

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 first quarter of 2016, DP-DHL’s Supply […]
  • David Harris
  • May 11, 2017

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

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. Operating profit (EBIT) for the quarter […]
  • David Harris
  • March 10, 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

Alibaba goes to sea

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 freight and parcel delivery services. And […]
  • David Harris
  • January 9, 2017
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