May 13, 2020 ·
A wave of digital disruption surfaced in the freight forwarding sector a few years ago, with startups, suppliers, and even shippers using new technologies to develop a variety of innovative trade solutions, but the arrival of the COVID-19 pandemic poses the ultimate challenge to these new models.
February 13, 2020 ·
January shipments—at 1,026,714—fell 3.6% annually. And containerized freight shipments were off 2.8% annually, with Panjiva saying that it was notable there was a decline even with the earlier timing of the 2019 Lunar New Year. Looking back, for calendar year 2019, total shipments—at 12,243,739—slipped 1.0% compared to 2018, marking its worst annual output going back to 2009.
September 3, 2019 ·
The numbers are in, and thanks to significant merger and acquisition activity, some of the top tier players have shifted a bit. However, industry analysts note that intangibles related to service levels and digitization blur some of the lines in the rankings.
August 12, 2019 ·
Are rumors of yet more consolidation in the Freight Forwarding sector finally dying down? Not by a longshot, says Nick Bailey, head of research for the London-based consultancy Transport Intelligence.
March 5, 2019 ·
C.H. Robinson continues to expand its global network with its announcement of the acquisition of The Space Cargo Group, a leading provider of international freight forwarding, customs brokerage, and other logistics services in Spain and Colombia.
February 7, 2019 ·
While the outcome had been predicted in industry circles, the verdict that Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina will not be acquired by Hedehusene, Denmark-based global 3PL DSV is now official.
January 24, 2019 ·
While DSV acknowledged that a combination of DSV and Panalpina would create a leading global transport and logistics company with significant growth opportunities and potential for value creation, adding that a combination presents a unique opportunity for both companies and their respective stakeholders including shareholders, employees, customers and suppliers, it now appears that the chances of a deal coming to fruition are less than likely.
January 17, 2019 ·
Hedehusene, Denmark-based global 3PL DSV said this week that it confirmed that it made “an indicative and private proposal” to the board of directors of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina to acquire the company.
October 2, 2018 ·
The current changes – many of them the result of increasing globalization and a different mindset thanks to successful e-commerce companies – seem to be causing a shift among forwarders.
September 25, 2018 ·
When Damco’s Supply Chain Services and Maersk Line’s Ocean Product are finally integrated On January 1st, 2019, A.P. Moller – Maersk hopes that shippers will have “fewer touchpoints” and more comprehensive offerings.
May 8, 2018 ·
In the current rush to digitize for operational efficiency, forwarders must not lose sight of immediate shipper needs. The transition must be smooth, valuable and completely transparent—but is that happening?
April 25, 2018 ·
CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.
March 14, 2018 ·
Logistics Trends & Insights LLC, an Atlanta, Georgia-based consultancy, is conducting its third “Evolving Freight Forwarding Survey,” and invites LM readers to participate.
March 5, 2018 ·
Mergers and acquisitions activities for ocean cargo carriers are likely to slow down in 2018, say industry analyts, as trend is likely to “pivot” to freight forwarders.
October 10, 2017 ·
San Francisco-based Flexport announced late last week that it has closed a $110 million Series C funding round led by DST Global, and joined by existing investors including Founders Fund and Susa Ventures.