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Logistics Bulletin
This week’s Logistics Bulletin reports on 3.1% growth in global air freight markets in October 2018, compared to the same period the year before. This pace of growth was up from a 29-month low of 2.5% in September. Freight capacity rose by 5.4% year-on-year, the eighth month in a row that capacity growth outstripped demand. The market has been characterised by slow but steady growth despite trade tensions. The growth of eCommerce is more than making up for sluggishness in more traditional markets, whilst yields are strengthening in the traditionally busy fourth quarter.
Elsewhere this week, GEFCO has reported revenue growth of 6.3% for the first nine months of 2018, driven by strong growth across all divisions, notably Finished Vehicle Logistics, alongside further improvement in profitability. Revenue from Finished Vehicle Logistics increased 7.2%, Overland & Contract Logistics saw revenue climb 4.5%, Air & Sea, grew revenue by 8.7% and Industrial Services revenue increased by 18.1%. Looking ahead, strong profitable growth is expected in FY2018, FY2019 and over the 2020-2021 period, as GEFCO and its two main shareholders, Russian Railways (RZD) and PSA, confirmed that they are exploring the possibility of an initial public offering in 2019.
Corporate and market news...
- Global air freight markets continue slow but steady growth
- GEFCO reports continued improvement in profitability
- Clipper reports H1 revenue and profit growth in line with expectations
- Customer demand continues to be favourable at Old Dominion Freight Line
- MNX Global Logistics acquires Express Division of Network Global Logistics
- Rhenus acquires SBL Importverkehrslogistik
- AIT Worldwide Logistics acquires ConneXion World Cargo
- IPS acquires FoodPack to extend service offering
- Whistl acquires The Spark eCommerce Group
- DP World completes acquisition of Unifeeder
- Odyssey Logistics & Technology completes acquisition of AFF Global Logistics
- Gebruder Weiss completes integration of DTC
- BDP International selects Greenbriar Equity Group for strategic partnership
- HOYER sets out 2019 plans for investment
- UPS announces US rate changes in line with FedEx
- Panalpina donates sixth UNICEF relief flight to Africa
- US freight forwarding executives plead guilty to fixing prices
- Samskip’s UK investments secure supply chain against Brexit disruption
- UK Government warn of six-month delays at borders post ‘No Deal’ Brexit
Service developments...
- Rapid expansion for BCA logistics in Europe
- DHL partners with SGS to expand Flexitank shipping service for liquids
- Swissport first air cargo handler in CANADA with IATA CEIV Pharma certification
- YRC Worldwide launches HNRY Logistics
- CitySprint launches Dray delivery service
- Tigers launches single freight, eCommerce and logistics platform
- Tandem Global Logistics Network expands Middle East coverage
- Abbey launches bag to bulk materials handling service
Outsourcing news...
- PD Ports secures contract with British Gypsum
- The Healthy Chef selects Quantium Solutions
- Clipper strengthens partnership with Asda and George Brands
- Tarmac awards logistics contract to Eddie Stobart
Warehouse and distribution centre developments...
- Bolloré Logistics starts operations at new logistics hub in Gabon
- Goodman plans logistics park at Roissy-Charles de Gaulle
- Joules prepares for Brexit with European logistics centre
- DSV establishing logistics centre in Memphis, USA
- P3 to develop logistics park in North West Bucharest
- Davies Turner expands operations in Scotland
IT, fleet and environmental developments...
- Yusen Logistics gears up for growth with technology investments
- Maersk sets net zero CO2 emission target by 2050
- Arctic Shipping Company chooses Maritime Connect from Orange
- J.B. Hunt boosts launches all-electric vehicles for final mile distribution
- Crowley adds 400 new refrigerated containers to its fleet
- Street Scooter receives approval for large series production
Personnel and HR developments...
- XPO Logistics appoints Managing Director, Transport in France
- Crane Worldwide Logistics appoints Managing Director for Benelux
- Roadrunner makes senior appointments
The Logistics Bulletin has provided global supply chain professionals with the latest insight, news and analysis for 16 years. To receive this highly valued service direct to your in-box, register here. Press releases and articles for inclusion can be sent by email to logisticsbulletin@analytiqa.com