DSV Panalpina cautious on 2020 despite strong 2019
DSV Panalpina has warned that it will be “difficult to predict the market situation in 2020” as DSV felt the benefits of the acquisition of Panalpina in the second half of 2019.
DSV Panalpina has warned that it will be “difficult to predict the market situation in 2020” as DSV felt the benefits of the acquisition of Panalpina in the second half of 2019.
Last year saw the worst drop in air cargo volumes for ten years, falling 3.3% in freight tonne kms year-on-year, according to the latest figures from IATA.
Kuehne + Nagel is targeting “a new dimension of organic and inorganic growth” for its activities in the Asia Pacific region.
Global air freight volumes, measured in freight tonne kms (FTKs), decreased by 1.1% year-on-year in November 2019.
Ekol and UBV have signed a long-term, exclusive cooperation deal and plan to expand across Europe.
Global demand for air freight decreased by 4.5 per cent in September 2019 compared to the same period last year, according to the International Air Transport Association (IATA).
DSV said it has had a “good start to the integration” to the integration of Panalpina, which it acquired in August, and the first operational integrations have already started.
Weakened global air freight volumes saw turnover fall 9 per cent year-on-year to €269 million (£231 million) in the third-quarter at IAG Cargo.
The world’s largest express transportation company has introduced the new Boeing 767F jet into its European network.
Triple M Entertainment Logistics will become a member of CargoLive Logistics, offering increased service to the European continent.