Hong Kong-based logistics provider Kerry Logistics Network Ltd. is preparing to expand its global network with the acquisition of an unspecified US freight forwarder, the company told analysts Monday according to the Wall Street Journal, citing a report by investment firm Jefferies Group. The logistics company, with a keen focus on China and Southeast Asia, has been steadily expanding its reach round the world - including Brazil in 2013 and the Middle East and Canada in early 2015 - and in … [Read more...] about Kerry Logistics aiming to acquire US freight forwarder
Freight Forwarders
101 new members for FIATA
The International Federation of Freight Forwarders Associations (FIATA) attracted 101 new members - a record number - in December 2015, 62 of which came from Argentina. "We are so happy to be welcoming these new members and thank them for joining from all corners of the globe,” said the FIATA secretariat in a statement. FIATA treasurer Jean-Claude Delen, from Belgium, echoed the secretariat’s enthusiasm by saying: “I am not surprised that so many members want to join FIATA. For many years … [Read more...] about 101 new members for FIATA
Stifle Logistics Confidence Index sinks to new low
With a score of 45.4, the December edition of the Stifle Logistics Confidence Index has recorded its lowest ever total, amidst a continued pattern of decline. Of the four trade lanes covered by the Index, Europe to US continues to be the most positive, representing the highest-scoring route across both air and sea as well as current and expected situation, with continued strength of the US dollar against the Euro helping to boost performance. By contrast, the performance of trade lanes … [Read more...] about Stifle Logistics Confidence Index sinks to new low
DHL to pay $53m to settle price-fixing suit
DHL Express (USA) has agreed to pay US$53 million to resolve an antitrust class action accusing the express company and others of participating in an international price-fixing scheme, according to documents filed this week in New York federal court. If approved, the settlement would allow DHL to exit the long-running litigation filed in 2008. As part of the deal, DHL has agreed to aid the plaintiff’s claims against the lone remaining defendant, Hellmann Worldwide Logistics Inc., although a … [Read more...] about DHL to pay $53m to settle price-fixing suit
Amazon spotted in the air again, this time in Europe
Amazon has again been operating secret flights carrying thousands of packages, this time in and out of the UK for the past six weeks as it trials setting up its own air freight business, according to a report in the UK’s The Evening Standard. Amazon has been quietly operating the flights since mid-November using chartered B737s to fly between Poland, the UK and Germany. This latest report comes only months after it emerged that the e-commerce giant was quietly conducting tests of its own air … [Read more...] about Amazon spotted in the air again, this time in Europe
Carriers, forwarders set to embark on a new relationship
The long and often fractious relationship between the International Air Transport Association (IATA) and the International Federation of Freight Forwarders Associations (FIATA) is set to turn over a new leaf after nearly three years of intensive discussions, although sticking points – like issues relating to CASS settlement system – remain. These talks have revolved around the fundamental issue of the need to evolve and clarify what has been the historical role of freight forwarders … [Read more...] about Carriers, forwarders set to embark on a new relationship