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....
...Soren Skou said lower oil prices and stable freight rates would help the industry weather the crisis....
...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....
...“Market conditions and shipper preferences clearly impacted on our freight forwarding and International business,” said Scott Davis, chief executive....
...The more exciting part of Deutsche Post, however, remains its DHL unit, which encompasses express delivery, freight forwarding and logistics....
...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....
...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....
...An unpretentious Italian restaurant on the outskirts of London provided the unlikely backdrop for a multimillion-pound international freight cartel that attempted to disguise illegal surcharges by using...
...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...
...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....
...Such shifts have become more frequent and more dramatic, according to Daniel Brutto, president of the international business of UPS, the US parcel delivery and freight forwarding business, since the world...
...The 13 companies under investigation are suspected of having formed a cartel in 2004 to fix the price of their international air freight forwarding services to customers....
...The probe is focusing on possible price-fixing agreements and other anti-competitive activity in international freight forwarding....
...It employs 4,500 people in China and is building an international hub in Shanghai. UPS is now applying for trucking and freight forwarding licences in China....
...TNT, the Dutch post and package group, has also developed a powerful contract logistics and freight forwarding business....
...UPS is close to completing a $1.2bn takeover of Overnite Corporation, a US truck company, and last year bought Menlo Worldwide Forwarding, an international freight forwarder....
...The addition of a ground freight capability in the US appeared to complement UPS's acquisition last year of Menlo Worldwide Forwarding, an international air freight operator....
...Mr Davis said UPS was interested in making further acquisitions in the logistics and freight-forwarding sectors as it seeks to diversify into a broader range of supply chain services....
...FedEx lacks the international freight-handling capability that UPS secured through its acquisition of Menlo Worldwide Forwarding last year, while DHL and TNT are relatively weak in North America....
International Edition