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Tag Archives: freight forwarding

CEVA Logistics acquires CMA CGM Log

CEVA Logistics is acquiring CMA CGM Log as part of a move to strengthen the forwarder’s foothold in sea freight forwarding and grow volumes, which last year totaled 760,000 TEU. Following the acquisition, valued at US$105 million, CEVA intends to remain as an independently listed company.
  • Caryn Livingston
  • November 30, 2018

Surging international trade carries UPS in 3Q17

After a strong finish in the second-quarter of 2017, UPS reported weaker financial results in quarter three, in part because of the natural disasters which impacted Domestic Operations. The impact was minimized by higher average daily package volumes, and solid results from the company’s International Package Segment, which saw average daily package volumes jump 11.3% […]
  • Charles Kauffman
  • October 26, 2017

Air freight carries Panalpina’s second quarter

The robust 2017 air cargo market continues into its sixth month, and there are clear indications that profitability has improved for air freight forwarders. As can be seen from the chart at right, Switzerland-based forwarder Panalpina reported 2Q17 net income of US$19 million, a significant improvement over net income of $5 million for 2Q16.  Operating […]
  • Charles Kauffman
  • July 21, 2017

China Eastern to fuel JD.com’s own-operated air freight network?

This week, China Eastern Airlines (CEA) and China’s number-two e-commerce player (after Alibaba’s Taobao), JD.com entered into a strategic partnership to “leverage each other’s resources” to strengthen their joint logistics capabilities. As would be expected, China Eastern Airlines’ key resource on offer is its airlift capacity, while JD’s is its e-commerce platform and last-mile delivery […]
  • Charles Kauffman
  • June 29, 2017

WCA, Alibaba tie-up opens China to SME forwarders

Freight forwarding network WCA is set to collaborate with China’s Alibaba.com on cross-border e-commerce shipments in a tie-up that expands Alibaba’s international reach through an additional 6,300 logistics offices on the global roster of  WCA’s small- and medium-sized enterprise (SME) members. In return, WCA forwarders gain access to the Alibaba logistics platform for cross-border e-commerce […]
  • Charles Kauffman
  • February 1, 2017

Strong gains in package volume for UPS

UPS reported second-quarter net income up 3.2% y-o-y, to $1.27 billion, as total revenue rose 3.8% to $14.63 billion, driven by the strong operational performance of its air units. With the exception of Domestic Deferred Air, average daily package volumes were up for all products in both the US Domestic and International reporting segments, led […]
  • Charles Kauffman
  • August 1, 2016

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