freight forwarder

Freight forwarder Allstates WorldCargo expands footprint with latest acquisition

Allstates WorldCargo announced Thursday that it has acquired fellow freight forwarder Saturn Freight Systems for an undisclosed sum.

Marietta, Georgia-based Saturn Freight Systems specializes in time-sensitive logistics and transportation services out of 27 locations, most of which are in the eastern U.S. The company’s customer base includes several Fortune 500 companies in the information technology, medical and printing verticals. It also specializes in trade show shipping.

“This acquisition...

https://www.freightwaves.com/news/freight-forwarder-allstates-worldcargo-expands-footprint-with-latest-acquisition

Reports: Freight forwarder Forto looking for a buyer

As freight rates stabilize, geopolitical changes influence trade and economic conditions drive consolidation, mergers and acquisitions are positioned to reshape the global shipping industry. 

Freight forwarder Forto could be the next company in line.

The Berlin-based company is working with investment bank Moelis & Co. for a merger or sale, according to reports in The Information. A person involved in the discussions said the freight forwarder has reached out to a number of competitors to discuss...

https://www.freightwaves.com/news/reports-freight-forwarder-forto-looking-for-a-buyer

What should forwarders look for in TMS software?

Implementing a top-tier forwarder transportation management system can significantly enhance any freight forwarder’s logistics operations, from small businesses to large multinational operations. Choosing a scalable, modular TMS that can meet the specific needs of each client is crucial, and Descartes provides the customer support to ensure that TMS users always have the training and solutions they need.

The importance of tailored service

As a company’s forwarding needs evolve, so should its TMS....

https://www.freightwaves.com/news/what-should-forwarders-look-for-in-tms-software

FedEx makes big push for third-party air cargo

Premium international air cargo, traditionally palletized and booked by logistics companies on commercial airlines, is one of four B2B market segments parcel carrier FedEx Corp. will target for growth next year as the expiration of a large U.S. Postal Service contract frees up aircraft for other uses, company leaders say.

“The airfreight market is fragmented and the shipping processes are antiquated. It’s a market ripe for disruption,” Chief Customer Officer Brie Carere said Thursday during...

https://www.freightwaves.com/news/fedex-makes-big-push-for-third-party-air-cargo

Manager of New York freight forwarder accused of illegal oil, gas product exports

The manager of a New York-based freight forwarding company is facing criminal charges alleging she violated federal export controls by illegally shipping oil and gas products to Russia.

Natalya Ivanovna Mazulina, of Federal Way, Washington, also known as “Natasha Mazulina,” was indicted on 12 counts of conspiracy to export controlled goods to Russia without a license, conspiracy to defraud the U.S., conspiracy to commit money laundering, exporting controlled goods to Russia without a license,...

https://www.freightwaves.com/news/manager-of-new-york-freight-forwarder-accused-of-illegal-oil-gas-product-exports

Last-mile delivery startup SpeedX buys e-commerce logistics specialist

Parcel carrier SpeedX said Monday it has acquired Accelerated Global Solutions, a cross-border e-commerce logistics provider, for an undisclosed price following a two-year partnership.

The new company will combine SpeedX’s last-mile delivery capabilities with AGS’ strength in freight forwarding and customs brokerage, and provide expansion opportunities for SpeedX’s domestic air zone-skipping service across the U.S., Canada and Puerto Rico. Both companies will continue to operate as separate...

https://www.freightwaves.com/news/last-mile-delivery-startup-speedx-buys-e-commerce-logistics-specialist

Amazon airline sells excess cargo capacity to third-party shippers

Amazon has officially entered the for-hire air cargo market, making capacity on its large fleet of cargo jets broadly available for the first time to freight forwarders and other businesses after previously providing airlift to a limited set of companies. The creation of a direct sales channel for heavy shipments beyond Amazon’s parcel ecosystem puts the e-commerce platform in position to challenge FedEx and UPS for a greater share of domestic airfreight.

Amazon (NASDAQ: AMZN) established its...

https://www.freightwaves.com/news/amazon-airline-sells-excess-cargo-capacity-to-third-party-shippers

Airfreight, contract logistics boost Kuehne+Nagel, DSV results

A 23% decline in operating profit during the second quarter represented sequential improvement for Swiss logistics giant Kuehne+Nagel, which credited increased airfreight demand with offsetting other sector declines and said it expects stronger profits in the back half of the year.

Meanwhile, Danish rival DSV on Wednesday reported a 12.4% reduction in operating income from the prior year compared to a 21% decline in the first quarter as the company reaped rewards from volume growth and market...

https://www.freightwaves.com/news/airfreight-contract-logistics-boost-kuehnenagel-dsv-results

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