Despite the challenges, the freight forwarding market seems to be headed for a rebound in the medium term due to positive indicators in global trade amidst the pandemic, according to an analysis by Transport Intelligence. The report pointed to IMF forecasts saying global trade levels are now projected to reach pre-pandemic levels in 2021 as consumer demand has remained strong throughout the pandemic. Whilst restrictions and lockdowns have decimated the services industry, the report … [Read more...] about Freight forwarding tipped to rebound despite headwinds
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Freight Forwarders
New customs transit system seen as boon by freight forwarders in Southeast Asia
The Association of Southeast Asian Nations (ASEAN) on a virtual event last 30 November launched a new online customs transit system that could help forwarders move freight by road easily across borders in Southeast Asia. The ASEAN customs transit system (ACTS) was developed to allow transport operators to make a single customs transit declaration across multiple ASEAN countries, without the need to make repeated customs declarations or change vehicles at each border. “I believe the system … [Read more...] about New customs transit system seen as boon by freight forwarders in Southeast Asia
How DHL ensured WHO supplies got to the far-flung Pacific
The far flung islands in the Pacific have not been spared the brunt of COVID-19, and despite the low number of cases, these nations which relied heavily on tourism faced a logistical challenge in sending basic goods no thanks to the dramatic cut in passenger flights that would carry belly cargo. The WHO has been working tirelessly to ensure supplies and healthcare equipment reach these islands, which experienced a recent spike in COVID-19 infections that doubled its total number of … [Read more...] about How DHL ensured WHO supplies got to the far-flung Pacific
Digital freight forwarder Beacon opens shop in Hong Kong
Beacon, a digital freight forwarding and supply chain finance company, is expanding its presence in Asia with a new office in Hong Kong. With Asia-Europe as its biggest trade lane, the London-based firm said establishing an office in Hong Kong will be an important strategic development for the company. Set up in 2018, Beacon is disrupting traditional freight forwarders and the logistics and supply chain with its digital platform which combines real-time tracking of cargo, a marketplace for … [Read more...] about Digital freight forwarder Beacon opens shop in Hong Kong
Dutch airfreight specialist starts wholesale business at Schiphol
Dutch cargo company—Wholesale by Vels—has officially launched operations at Schiphol airport, Europe’s fourth largest air cargo hub, as it looks to provide air cargo capacity as a wholesaler at a time when capacity is hard to come by. The “full-service cargo wholesale company” is targeting forwarders without IATA licenses, as well as courier and trucking companies and e-commerce and digital forwarders, saying it is “strictly neutral and will only deal with transport intermediaries.” Also … [Read more...] about Dutch airfreight specialist starts wholesale business at Schiphol
Dimerco nabs contract to deliver choppers from Canada to China
Freight forwarder Dimerco has won global bids to provide supply chain services for a "leading helicopter assembly, refitting and operation company in China." The contract involves shipping nearly 30 Bell 407 helicopters from Canada to China by the end of 2020. This would entail moving the cargo by air ride truck first from Montreal to Toronto, then by air to Tianjin and onto the final destination in Xi'an, again by air ride truck. This would cut the time to deliver a helicopter shipment … [Read more...] about Dimerco nabs contract to deliver choppers from Canada to China
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