Logistics Technology News

Switzerland’s Kuehne+Nagel forecast above market average growth in an uncertain global economy for 2012 as net earnings grew only marginally to a record $661 million in 2011.

Damco, the logistics and forwarding unit of A.P. Moller-Maersk, posted a 29 percent increase in profit last year as revenue and margins rose.

Electronic container cargo booking in 2011 outpaced overall industry volume growth by nearly four-fold, according to figures released Monday by INTTRA, an electronic booking portal for the container s

Expeditors International of Washington said a weak peak season for imports pulled fourth quarter profit down 4 percent year-over-year to $92.8 million.

CMA CGM Group and IBM formed a partnership to develop a information technology unit to support the French carrier’s operations and reduce its costs.

Hong Kong-based Kerry Logistics, in the midst of a broad expansion of its Asia network, says it expects to com

Forwarder Nippon Express saw net profit surge 67.3 percent in nine months ending Dec. 31, as the end of a retirement-related accounting loss boosted earnings on flat revenue.

Kuehne + Nagel’s acquisition of specialized Australian freight forwarder Link Logistics International is the Swiss logistics giant’s latest expansion in the fast-growing global perishables

Amid volatile global markets, the need for greater supply chain flexibility and visibility will drive investments in technology in 2012.

Kuehne + Nagel will use cloud-based software to better track and communicate with container drayage haulers, giving the logistics operator better management of freight moving to and from ports in the

European transport operator Norbert Dentressangle says its acquisition of APC Beijing International positions the company for larger growth in worldwide forwarding.

Technology provider ModusLink Global Solutions named Tom Nightingale, most recently chief marketing officer at Con-way, president for sales and marketing.

ALK Technologies, creator of the PC Miler software used by truckers and shippers in routing and pricing, is restructuring to tighten its focus and expand its reach.

UTi Worldwide says global economic shifts will cut into earnings in the rest of 2011 after the logistics operator reported an 8 percent gain in net profit in the third quarter.

Aramex is expanding its presence in China by creating a joint venture with Sinotrans Air Transportation Development Co., as th

Damco’s profit in the first nine months of 2011 rose 8 percent year-over-year to $567.7 million, as ocean and air freight volume rose despite “difficult market conditions.”

Kintetsu World Express, Japan’s second-largest international forwarder, said its net profit rose 19.3 percent year-over-year in the first half of fiscal 2011, which started on April 1, to $60.5

Kuehne + Nagel will pay a $9.9 million penalty after pleading guilty to charges in the United States that the global freight forwarder conspired with its competitors to fix air freight rates.

Nippon Express Co. saw profit surge 133.9 percent to $128 million in the first half of fiscal 2011, which started in April, despite flat revenue.

Expeditors International of Washington improved net profit 11 percent in the third quarter to $106.6 million despite a 4 percent decline in gross revenue in a weakening freight shipping market.

Panalpina reported lower third quarter profit as a strong Swiss franc offset record ocean container volume and strong air freight margins across the Swiss forwarder and logistics group’s global

Descartes Systems Group’s $13.8 million cash acquisition of a Dutch company specializing in the transmission of d

Yusen Logistics saw its profit fall 16.6 percent year-over-year to $22.91 million in the first half of fiscal 2011, which started on April 1, despite the Japanese forwarder growing revenue 90.6 percen

INTTRA, the e-commerce cargo-booking portal, said its electronic bookings reached a record high in the past two months.

Two private equity companies, Warburg Pincus and Vestar Capital Partners, acquired joint control of IAS, a technology company that specializes in the intermodal sector.

Kintetsu World Express, Japan’s second-largest international forwarder, said on Wednesday it will pay a $10.5 million fine to settle a U.S. antitrust case.

MOL Logistics (Japan) expanded its network in a dozen Africa countries by signing a contract with an undisclosed freight forwarder.

UTi Worlwide improved its net profit 22 percent in the fiscal second quarter ending July 31 to $22.9 million as improving yield on shipments helped offset what the logistics company called a “sl

JHCI Holdings’s acquisition of essentially all of the assets of G-Link Express Logistics, a Singapore-based forwarding group, strengthens the third-party logistics provider’s Asia services

China freight operator Sinotrans said its profit in the first half of the year rose 7.6 percent year-over-year to $86.5 million, as growth in the forwarder’s business within China offset the dec

Yusen Logistics (Americas) added management of its transportation division to the responsibilities of Michael Noone, the logistics company’s executive vice president and chief operating officer.

Kintetsu World Express, Japan’s second-largest international forwarder, said its net profit doubled in the first quarter of fiscal 2011, which ended June 30, from a year to $30.6 million on a co

Panalpina returned to profit in the second quarter from a year earlier loss by ending high-volume low-margin contracts across its global network.

Nippon Express, Japan’s largest international freight forwarder, posted a net profit of $69.7 million on a consolidated basis in its fiscal first 2011 ending June, compared with a

Expeditors International of Washington reported a record second quarter profit of $95 million on Tuesday, but the forwarder saw growth rates slow down sharply while ocean and air freight volume declin

Yusen Logistics's net profit plunged 59.2 percent in its fiscal first quarter ending June 30 from a year earlier to $6.1 million on a consolidated basis despite a significant boost in revenue.

Pilot Freight Services will open an office in Amsterdam as the U.S. freight forwarder looks to build on strong growth in the international arena with its first full office overseas.

Switzerland-based Kuehne + Nagel was the largest international forwarder in 2010, handling of nearly a 10th of the world’s air and sea freight business by revenue, according to Transport Intelli

Fortune International Transport says its new membership in the INTTRA’s ocean shipping e-commerce network will give the Italian non-vessel operating common carrier better access to the global oc

Japan’s competition oversight agency rejected an appeal from Yusen Logistics of the freight forwarder’s fine for violating antitrust laws in a global air freight pricing conspiracy, accord