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JB Hunt enters US freight forwarding fray after gaining NVOCC licence

One of the largest overland freight transport providers in the US, JB Hunt, has entered the freight forwarding sector after receiving an NVOCC licence from the Federal Maritime Commission (FMC).
According to ocean recovery expert Steve Ferreira, founder of Ocean Audit, JB Hunt was awarded its non-vessel operating common carrier licence “a few weeks ago”, and the FMC ocean transport intermediaries (OTI) database lists JB Hunt as an authorised NVOCC with …

The post JB Hunt enters US freight...

https://theloadstar.com/jb-hunt-enters-us-freight-forwarding-fray-after-gaining-nvocc-licence/

Wincanton sees profits rise as ‘the Adrian Colman era’ comes to an end

Wincanton raised its profit at around the same rate it lost revenue during its fiscal year 2018.
Despite a 2.6% decline in turnover, to £1.14bn (£1.17bn a year earlier), profits (recorded as ebitda) climbed 2.9% to £66.7m. 
Outgoing chief executive Adrian Colman said “key areas” had grown, including retail general merchandise. 
“In the second half of the year, we secured substantial new contract wins that should position the group well in the coming periods,” …

The post Wincanton sees profits...

https://theloadstar.com/wincanton-sees-profits-rise-as-the-adrian-colman-era-comes-to-an-end/

Maersk’s inland terminal network to be integrated into Logistics & Service

Maersk has announced that the Inland Services division of its terminal operating subsidiary, APM Terminals, will be integrated into Maersk Logistics & Service from August.
The transfer is part of the restructuring of Maersk’s container logistics operations.
The Inland Services portfolio is a network of of 36 inland terminals in more than 100 locations around the globe that also offer shippers and forwarders services such as container stuffing and unstuffing.
The division was …

The post Maersk’s...

https://theloadstar.com/maersks-inland-terminal-network-to-be-integrated-into-logistics-service/

Carriers getting increasingly nervous as protectionist policies gain ground

Ocean carriers are getting increasingly nervous over trade tensions and state–subsidised competitors, as protectionist policies continue to gain ground across the globe. 
Several shipping bodies, including the International Chamber of Shipping (ICS), Asian Shipowners’ Association (ASA) and European Community Shipowners’ Association (ECSA) took to the floor of the WTO this week to express their concerns. 
They presented two papers to the WTO, stating they were “fully committed to the...

https://theloadstar.com/carriers-getting-increasingly-nervous-as-protectionist-policies-gain-ground/

VOC Port and Tuticorin Customs achieve fast IGST tax refunds to exporters with Kale Logistics Solutions’ CODEX

MUMBAI, May 02, 2019: V. O. Chidamabaranar (Tuticorin) Port and Tuticorin Customs have managed to significantly cut the turnaround times for IGST Tax refunds to exporters, post the implementation of Container Digital Exchange (CODEX) platform by Kale Logistics Solutions. CODEX is the first and only platform which has helped the IGST Refund process for the Indian exporter from a high of 90+ days to an optimum of 7 days. 
 Refund of IGST on exports has been one of the widely debated topics right...

https://theloadstar.com/voc-port-and-tuticorin-customs-achieve-fast-igst-tax-refunds-to-exporters-with-kale-logistics-solutions-codex/

Agility profits rise in first quarter to mitigate Panalpina disappointment

Agility may have reported a bounce of 4.1% in Q1 profits, but is likely to remember the period more for its failure to agree a deal with Panalpina as it looked for growth through consolidation. 
For a while, it appeared the Kuwait-headquartered operator was going head-to-head with DSV for Panalpina, but on 1 April DSV won the race. 
It may be that Panalpina simply used Agility to get the best price it …

The post Agility profits rise in first quarter to mitigate Panalpina disappointment appeared...

https://theloadstar.com/agility-profits-rise-in-first-quarter-to-mitigate-panalpina-disappointment/

Restructure delivers the goods: Deutsche Post-DHL reports Q1 results

Deutsche Post-DHL today reported a 28.1% year-on-year increase in group ebit for the first quarter.
In a busy three months it completed the sale of its contract logistics business in China to SF Holding and reorganised its postal and e-commerce divisions.
Its freight forwarding unit, which has come under the microscope in recent years, also posted significant gains, with revenue growing 4.8% to reach €3.8bn and ebit up 42.9% year on year …

The post Restructure delivers the goods: Deutsche...

https://theloadstar.com/restructure-delivers-the-goods-deutsche-post-dhl-reports-q1-results/

Supply chain radar: DHL Global Forwarding has got its house in order – is it now ready to bite?

The first-quarter (Q1) results of DHL Global Forwarding, Freight (DGFF) were simply outstanding. Never, in recent memory, has the air freight market leader by volumes achieved such a solid quarterly performance on so many levels, with record operating income, or ebit, of €100m.
One obvious caveat, however, is that its headline numbers were likely propped up by IFRS-induced accounting changes, while it also got a little bit of help from currencies. …

The post Supply chain radar: DHL Global...

https://theloadstar.com/supply-chain-radar-dhl-global-forwarding-has-got-its-house-in-order-is-it-now-ready-to-bite/

Spain arrests five in Guatemala corruption investigation

Allegations that hundreds of millions of euros in bribes were paid by Barcelona box terminal operating company TCB to the ex-president of Guatemala in return for a concession to build a new box port at Puerto Quetzal have been circulating for a few years now, unfortunately emerging shortly after TCB was bought by Maersk’s port arm, APM Terminals. Spanish police have now begun making arrests, including one involving an alleged …

The post Spain arrests five in Guatemala corruption investigation...

https://theloadstar.com/spain-arrests-five-in-guatemala-corruption-investigation/

Hamburg disappoints again as other HHLA box terminals enjoy strong Q1

HHLA’s first-quarter Hamburg volumes may have declined, but international operations at Tallinn and Odessa helped group container volumes grow by 2.2%, to 1.86m teu.
Overall, the group’s container terminal segment fared well over the three-month period, as revenues climbed 4.8% to €200.9m, pushing divisional profits up 15.6% to €37.8m.
Group-wide revenues were €339.8m, while ebit rose strongly by 26.1 % to €55.7m, largely thanks to strong growth in intermodal volumes which rose …

The post Hamburg...

https://theloadstar.com/hamburg-disappoints-again-as-other-hhla-box-terminals-enjoy-strong-q1/

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