- Retailers opt for sea-air to bring their goods out of China.
- Garment industry needs new season launch stocks into shops before Easter.
- Importers do not want to pay air freight spike which is likely to be $4-$5 per kg, up from about $2 per kg.
- Sea-air is an attractive option, as it would come in at about the $2.80/kg mark.
- Some importers still see sea-air as a risk, so they opt for pure air freight.
- Smaller feeder vessels also opted to get goods out of China bypassing the mega-ships as they...
air freight
Ocean and overland growth compensates for air volatility as K+N reports ‘solid’ results
Strong sea freight volumes helped Kuehne + Nagel hit “solid” results for the first nine months of 2019, despite the poor air freight market and “non-existent” peak season.
The Swiss forwarding giant increased its nine-month group net turnover by 3.1% year on year, to Sfr15.8bn (US$15.9bn), generating a 6.6% upturn in profit (ebit) which hit Sfr794m.
The company’s sea freight business “grew significantly in a stagnating overall market,” K+N said, with volumes …
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Supply chain radar: Drum rolls for DHL Global Forwarding
DHL Global Forwarding, Freight (DGFF)’s interim results are out on Friday, and given the feedback I have received from my trade sources, I can comfortably say that seldom in the recent past have we so eagerly awaited a trading update from the air freight market leader and Kuehne + Nagel’s closet rival in ocean freight*.
After a typical one-month quiet period, DGFF has the opportunity this week to deliver its best …
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https://theloadstar.com/supply-chain-radar-drum-rolls-for-dhl-global-forwarding/
DHL supports Lindex to stay in fashion
Bonn, October 22, 2018: DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has assumed all freight operations for Lindex. The Swedish fashion chain decided to engage DHL Global Forwarding based on the company’s effective vendor communication, strong sustainability agenda, and cost-efficient solutions across all of the fashion company’s active markets. Lindex’ fashion assortment is available in around 490 stores across 18 Markets as well as …
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