Sunday 23rd Feb 2020 - Logistics & Supply Chain

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Air cargo demand rises 8.5pc

Global air freight demand in April was up 8.5 per cent on a year ago, according to the International Air Transport Association.

Agility reaches deal over US food contracts

Agility has reached a deal with the US government over allegations of fraud relating to the $8.6 billion food supply contracts that the company held from 2003 to 2010.

Profits rise 32pc at Gefco

Gefco’s turnover rose 1.3 per cent to € 4.2 billion last year, while EBITDA was up 32.1 per cent to €172.8 million.

UPS in joint venture with Chinese express operator

UPS is setting up a joint venture with and SF Holding, parent company of SF Express, to develop international delivery services from China to the US, with expansion plans for other destinations.

K+N to support Shanghai port link

Kuehne + Nagel has signed a strategic cooperation with Jiangsu Taicang Port Authority and Shanghai Port Authority Zhenghe Terminal to promote a sea link between the Shanghai and Taicang ports.

Container index down 3.6pc

Drewry’s World Container Index, which takes in freight rates on major routes, fell by 3.6 per cent to 1500.87/40ft container last week.

NewCold opens US automated cold store

Dutch cold logistics specialist NewCold is opening a $50 million automated cold store in Tacoma, Washington – its first foray into the US market.

Azkar becomes Dachser

Dachser has integrated its Iberian subsidiary Azkar Group into its European road network. The overland transport organisation will now operate under the names of Dachser Spain and Dachser Portugal.

Emirates and Cargolux form strategic partnership

Emirates SkyCargo and Cargolux have set out plans to work together on operational issues including aircraft capacity, block space and interline agreements, hub connectivity and cargo handling.

UPS delivers quicker delivery times

UPS to buy Irish logistics company

UPS is to buy Irish express operator Nightline Logistics Group in a move that will make it one of the top local shippers in Ireland.  

Encouraging start for IAG Cargo

IAG Cargo described trading in the first quarter of 2017 as encouraging, although commercial revenue fell 2.1 per cent to €256m at constant exchange.

Maersk Hamburg Süd takeover approved by boards

Maersk Line €3.7 billion acquisition of Hamburg Süd, the German container shipping line, has been approved by the boards of both companies and now just needs regulatory approval before it can be completed.

Yusen expands healthcare logistics in Benelux

Yusen Logistics is to expand its healthcare activities in Melsele, Belgium. The logistics company is also planning on building a new healthcare site in Roosendaal, The Netherlands.

UN seeks more ‘cost-effective’ flight logistics

The United Nations has launched an initiative to boost efficiency of its planes and flights, as it was revealed that the organisation spent close to $750 million from 2015 to 2016 on air assets in its peacekeeping and political missions.

FedEx launches Liege-Memphis flight

FedEx Express has begun operating a new flight linking the TNT European air hub in Liège to the FedEx world hub in Memphis.

Profits rise at Kuehne + Nagel

K+N grows but margins still under pressure

Operating profit (EBIT) slipped at Kuehne + Nagel in the first quarter despite a 7.2 per cent rise in turnover. EBIT was CHF209 million compared to CHF 207m in the first quarter of 2016.

Alibaba extends partnership with K+N, the B2B business arm of Alibaba Group, has signed a Memorandum of Understanding with Kuehne + Nagel to offer China-based shippers e-commerce logistics solutions.

XPO wins Vivino contract

Vivino, the online wine retailer, has awarded a contract to XPO Logistics to handle its e-commerce supply chain, for both wine cellars to home delivery from its warehouse in Trezzo sull’Adda near Milan.

Air freight demand grows by 3.2 pc

Air cargo demand rises 8.4pc

Demand for air cargo rose 8.4 per cent in February, according to the International Air Transport Association.

Embleton to head IAG Cargo

Lynne Embleton is taking over as chief executive of IAG Cargo from Drew Crawley who is moving over to head up Avios, IAG’s loyalty programme.

Challenging times on the high seas

Last week saw the start of operations by the three new container shipping alliances (2M-HMM/HS, Ocean and THE Alliance).

SNCF to launch digital freight trains

SNCF Logistics is to introduce a new generation of “digital” freight trains that will provide key information on transport and delivery of the shipping container.

DHL to ship remote-controlled helicopters

DHL Global Forwarding is to transport remote-controlled helicopters, parts, and other hobbyist items this year for Shenzhen Youkeshu Technologies, the Chinese consumer electronics exporter.

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