air freight forwarding

Unique Logistics public offering to net at least $35.5M

Unique Logistics files for public offering

Third-party logistics provider Unique Logistics filed Tuesday for a public offering with an estimated deal size of $41 million, according to IPO Pro. Pricing terms of the transaction were not disclosed but the company said it expects to receive net proceeds of $35.5 million without the benefit of a customary 15% over-allotment option.

New York-based Unique Logistics (OTC: UNQL) currently trades over the counter with a market cap of $22.9 million. The proceeds from the deal are expected to be...

https://www.freightwaves.com/news/unique-logistics-public-offering-to-net-at-least-355m

Forwarder JAS Worldwide announces 4th acquisition in past year

JAS Worldwide's looks to integrate recent acquisitions

Global freight forwarder JAS Worldwide announced it has entered into an agreement to acquire the forwarding, logistics and supply chain management unit of Greencarrier Group.

Founded in 2000, Gothenburg, Sweden-based Greencarrier Freight Services International provides sustainable logistics solutions through 11 offices on both sides of the Baltic Sea as well as the U.K., Eastern Europe and China. The company’s 950 employees charter freight in all modes of transportation for more than 15,000...

https://www.freightwaves.com/news/forwarder-jas-worldwide-announces-4th-acquisition-in-past-year

FreightWaves Classics: Emery Worldwide dominated air freight forwarding for 40+ years

A CNF Emery Worldwide airplane. (Photo: wikimediacommons.com)

The beginning

Emery Air Freight was founded in 1946 by John Colvin Emery, Sr. Emery, a U.S. Navy veteran, had gained experience in air transportation services while in the Navy. Though he tried to go back to his former employer, Railway Express Agency, company managers did not show any interest in his vision of an air forwarding service. Therefore, Emery started his own air forwarding operation with three employees, two used trucks and just one customer, the Federal Reserve Bank of New York....

https://s29755.pcdn.co/news/freightwaves-classics-emery-worldwide-led-air-forwarding-for-40-years

E-commerce logistics, airfreight fuel Kerry Logistics’ 1H profit

Kerry Logistics

Kerry Logistics (HKSE: 0636.HK) scored a first-half-year net profit of HK$845 million (US$109 million), up 26% over the same period last year, despite a significant downturn in warehouse business caused by the coronavirus pandemic.

A decline in logistics revenue from operating fewer warehouses in Hong Kong was offset by strong growth in last-mile fulfillment and e-commerce logistics.

Demand for general warehousing and regional distribution centers plummeted this year across Asia with the...

https://s29755.pcdn.co/news/e-commerce-logistics-airfreight-fuel-kerry-logistics-1h-profit

2021 AirCargo Conference will take off virtually

2021 AirCargo Conference virtual

The annual AirCargo Conference scheduled for January 16-18 in New Orleans has been moved online due to the ongoing health and safety concerns surrounding the coronavirus pandemic.

Most in-person conferences have been cancelled this year, but some organizations are being proactive and pulling the plug on events for next year and going virtual instead. The cancellations are another sign that airlines will have difficulty attracting customers back in the coming year, especially coveted business...

https://s29755.pcdn.co/news/2021-aircargo-conference-will-take-off-virtually

Logistics Technology Update: the right tools to mitigate COVID-19 disruption

Supply chains around the globe continue to face COVID-19 disruptions for nearly the third month in a row. To thrive in times like these, freight forwarding companies must have the right tools for success.

“In our industry, it’s important to ‘flow the work’ and prioritize technical resources towards customer onboarding and data integration, especially when many customers are working from home,” said Chris McMillin, AIT Worldwide Logistics’ vice president, information systems.

On this episode of...

https://www.freightwaves.com/news/logistics-technology-update-the-right-tools-to-mitigate-covid-19-disruption