Customs brokerage

Canadian freight forwarder Farrow acquired by Kuehne+Nagel

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Kuehne+Nagel, the world’s largest 3PL, announced Tuesday it has acquired Farrow, a 112-year-old,...

https://www.freightwaves.com/news/canadian-freight-forwarder-farrow-acquired-by-kuehnenagel

Radiant Logistics adds global freight platform Navegate in $35M deal

Radiant finally lands its next deal

Third-party logistics provider Radiant Logistics announced Monday the acquisition of global freight management platform Navegate for $35 million.

Headquartered near Minneapolis-St. Paul, Navegate provides digital logistics services internationally and domestically out of offices in Chicago and Shanghai. Its offerings include customs brokerage, freight forwarding and truck brokerage, as well as drayage and transload services. The company’s proprietary trade platform provides advanced purchase...

https://www.freightwaves.com/news/radiant-logistics-adds-global-freight-platform-navegate-in-35m-deal

GEODIS wins contract with the Californian electrical bikes company “Super73”

GEODIS wins contract with the Californian electrical bikes company “Super73” 

Super73, a California-based designer and manufacturer of electric bikes has awarded GEODIS a 3-year contract to support its market growth in Europe and the Middle East. GEODIS’ responsibilities will include customs brokerage, warehousing, value-added services (for instance the attachment of seats) and European distribution to retail outlets and consumers and export shipments to the Middle East and Africa, from multiple...

https://allaboutshipping.co.uk/2021/06/21/geodis-wins-contract-with-the-californian-electrical-bikes-company-super73/

Freight forwarder AIT Worldwide makes equity partner move

Global freight forwarder AIT Worldwide Logistics announced an agreement Wednesday to recapitalize with The Jordan Company (TJC), a middle-market financial firm with a background in transportation and logistics investments like Capstone Logistics and GlobalTranz Enterprises. 

AIT Worldwide will conclude its current equity partnership with Quad-C Management, which will sell its full stake to TJC at the end of March. The recapitalization is said to be valued at over $1.2 billion.

“TJC has proven...

https://www.freightwaves.com/news/freight-forwarder-ait-worldwide-makes-equity-partner-move

Number-one fear for UK post-Brexit trading is supply chain delays

As the UK’s Brexit preparations reach new heights of chaos, a survey has revealed that companies are ill-prepared for the new customs regime, which begins in January.
Two-thirds of large businesses are very, or extremely, concerned about delays in their supply chain post-Brexit, while 72% are worried about the customs brokerage market’s capacity.
And, given the parlous state of negotiations with the EU, it is of concern that only 18% of British …

The post Number-one fear for UK post-Brexit...

https://theloadstar.com/number-one-fear-for-uk-post-brexit-trading-is-supply-chain-delays/

Supply chain radar: Expeditors – I do it my way

It’s been a while since Seattle-based Expeditors (EXPD) filed with the US Securities and Exchange Commission (SEC) its written answers in reply to selected investors’ queries. Having now caught up with the latest, I must admit there are some relevant operational tidbits contained in its 8-K update, dated 26 November.
After our recent coverage, where we commented on a) a swift exchange with the SEC concerning reporting risk stemming from some financial metrics, as …

The post Supply chain radar:...

https://theloadstar.com/supply-chain-radar-expeditors-i-do-it-my-way/

Post-Brexit VAT on overseas parcels would be a ‘no-deal stealth tax’

Further scrutiny is being heaped on the UK government’s Brexit strategy with claims of a “no-deal stealth tax” and calls for special economic status for freight gateways.  
Head of consumer research at Parcelhero David Jinks has slammed the government’s £900m ‘Get Ready for Brexit’ campaign, claiming it provides business with “little new information”.  
He added: “But it does reveal that the £15 VAT threshold on overseas parcels would be quietly scrapped, should there still be …

The post Post-Bre...

https://theloadstar.com/post-brexit-vat-on-overseas-parcels-would-be-a-no-deal-stealth-tax/

Supply chain radar: Maersk’s latest customs push? ‘I just love it when dinosaurs try to be all digital’

There is strong merit in what Denmark’s AP Møller-Maersk is trying to achieve in terms of capital allocation, pursuing greater efficiency thanks to an asset lighter business model via its ambitious Stay Ahead plan. 
However, it is one thing to try; it is a very different thing to succeed. 
And the spotlight is on it with every step it takes, which makes it incredibly difficult to avoid fierce criticism from those who make …

The post Supply chain radar: Maersk’s latest customs push? ‘I just love...

https://theloadstar.com/supply-chain-radar-maersks-latest-customs-push-i-just-love-it-when-dinosaurs-try-to-be-all-digital/

Maersk launches online customs clearance service for ocean customers

Maersk has taken another step towards becoming an integrated company by offering digital customs clearance for ocean customers. 
Its new online shipping management platform is available in seven European countries and will be rolled out worldwide by the end of the year.  
It gives customers full compliance with local customs rules online, with pricing displayed for all import and export declarations.  
“It saves our customers time, money and headaches, reducing the number of intermediaries …

The...

https://theloadstar.com/maersk-launches-online-customs-clearance-service-for-ocean-customers/