International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a "challenging environment". While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina reports stable profits in “challenging environment”
Freight Forwarders
Panalpina reports stable profits in "challenging environment"
International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a "challenging environment". While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina reports stable profits in "challenging environment"
Regional young freight forwarders announced by FIATA
FIATA has announced the Regional winners of its Young International Freight Forwarder of the Year Award. Sponsored by the TT Club, the annual award seeks to identify, recognise and encourage young talent throughout the freight forwarding community around the world. The four regional finalists, selected this year from among 16 entries representing national forwarding associations are: Region Africa/Middle East Ms Daniella Smal, Zambia Region Americas Mr Kaya Karakaya, … [Read more...] about Regional young freight forwarders announced by FIATA
Is traditional freight forwarding model obsolete?
A combination of the erratic global air and sea freight markets, a growing shift in geographic focus towards the regional and the application of advanced technology and data analysis to the market is bringing the fate of the traditional freight forwarding model into question, according to a new report from Transport Intelligence (Ti). Ti’s annual Global Freight Forwarding 2015 report notes that capacity excesses and declining rates describes a tumultuous sea freight market, while air freight … [Read more...] about Is traditional freight forwarding model obsolete?
A.N. Deringer extends contract with CargoSphere
CargoSphere, a cloud-based global rate management solution, has announced that longstanding client, A.N. Deringer, Inc., a well-established Customs House Broker (CHB) and global freight forwarder, recently renewed their commitment to the CargoSphere rate technology platform. The CargoSphere Web-based Rate Mesh allows Deringer to receive air and ocean rates from agent partners in real-time, creating a systematised rate database. Armed with timely freight rates, in a centralised system, … [Read more...] about A.N. Deringer extends contract with CargoSphere
UPS adds LCL to its China-Euro rail option
UPS has announced an addition to its China-to-Europe rail shipments as the new modal option continues to gather steam as a both a reliable and viable addition, or alternative, to ocean shipping and air freight. UPS’ Less-than-Container Load (LCL) service offering is available from Zhengzhou to Hamburg and becomes part of the UPS Preferred multimodal freight services portfolio. UPS established a Full Container Load (FCL) solution for China-to-Europe in June 2014. Full Container Load … [Read more...] about UPS adds LCL to its China-Euro rail option