Hints and tips:
...Flexport, the freight forwarding company that monitors these things, points out that relative consumer durables demand is still high. But those figures are from past months....
...What holiday demand will look like is in flux, said Vaughn Moore, chief executive of freight forwarding company AIT Worldwide Logistics, noting that two of his large retail clients have downgraded their...
...And it seemed like freight forwarding was just the poster child for this....
...The company also offers supply chain finance, a service it claims is unique among freight forwarding businesses....
...Analysis by Flexport, which provides supply chain and freight forwarding services, has uncovered several categories of consumer products, made in China, that will face a 25 per cent import tariff under the...
...The ecommerce company has also obtained a freight forwarding licence in China, a potential step toward providing large-scale shipping services to companies that sell on Amazon.com....
...“This could allow them to go direct to the factories in China to sell to consumers in the United States,” said Ryan Petersen, chief executive of Flexport, a US-based freight forwarding company....
...In supply chain and freight, operating profit increased 3 per cent to $151m, on revenue up 1.3 per cent to $2.19bn. Freight forwarding revenue had suffered from the dollar’s strength, the company said....
...Compared with last year’s adjusted results, fourth-quarter operating income for FedEx Freight, the company’s freight forwarding business, increased 51 per cent to $122m, on revenue up 12 per cent to $1.55bn...
...The second part of the three-pronged strategy involves an investment in logistics through its March acquisition of China Container Line, a sea freight forwarding business....
...“Market conditions and shipper preferences clearly impacted on our freight forwarding and International business,” said Scott Davis, chief executive....
...Operating profit at supply chain and freight, the company’s freight forwarding business, was 13.9 per cent down to $143m, on revenue up 0.9 per cent to $2.18bn....
...The more exciting part of Deutsche Post, however, remains its DHL unit, which encompasses express delivery, freight forwarding and logistics....
...“In addition, we did have some challenges in our global freight forwarding group.”...
...Second, it offered freight forwarding and domestic distribution services to Middle Eastern clients as well as logistics and customs clearance....
...Yusen Logistics, Japan’s third-biggest freight-forwarding company, said on Thursday it had experienced “severe” inspections of documents in the cities of Qingdao and Zhengzhou....
...The freight forwarding groups were referred to as “greenhouses” while the cartelists worked under codenames: “Velcro”, “Head Planter”, “Horticulturalist”, “Gardener” and “Catweazle”, after the bedraggled...
...Investors will want to weigh such optimism against signs of weakness in the global forwarding and freight division, which reported “significant cooling-off” in air freight and a dip in ocean freight revenues...
...Team Allied, a European moving company, warned customers to expect “substantial transit delays due to the reduced cargo capacity” and increased costs because cargo aircraft freight rates were “significantly...
...Deutsche Post’s revenue growth came from its DHL businesses – which also include freight, forwarding and supply chain services – and was in contrast to the flat sales in its domestic mail business....
...In particular, he said, DHL Express was aiming to work more closely with Post’s two other freight units, DHL Global Forwarding and DHL Supply-Chain Management, to offer DHL customers different ways of moving...
...“In such an environment, we believe the potential to win market share becomes a key driver for Swiss freight forwarding companies.” K&N rose 5.9 per cent to SFr114.50....
...The group said it was on course for earnings from its DHL businesses, including freight forwarding, to more or less equal those from its historically more important mail business for the first time....
...But such prudence can also be a good thing, especially when multilatina ambition is allied with an occasionally grandiose sense of historic mission....
...Last week, the group said that it was looking to emerging markets and the healthcare sector for acquisitions in order to bolster its supply-chain and freight-forwarding units....
International Edition