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Showing research about Corp - Forwarders

20210222-dhl-green-modes

DP-DHL may do better by doing good with LCL emissions offer

Deutsche Post-DHL’s forwarding operation has launched an offer to cover the costs for shipping using reduced emissions fuels for its less-than-container load (LCL) cargo load customers. That comes as the shipping industry starts to implement investments in GHG emission reductions. LCL customer... Read more →

20210217-expeditors-corp

Sonic, Rolls Royce may help Expeditors’ boom continue in 2021

Expeditors International reported a 54.9% jump in Q4’20 revenues, beating consensus estimates by 24.6 percentage points as the freight forwarder delivered a 19.0% rise in ocean freight deliveries on top of the increase in global shipping rates. The firm’s CEO, Jeffrey Muster, has indicated tha... Read more →

20210211-kerry-corp

Kerry-SF Holding deal provides challenge to Amazon, DSV

SF Holding will purchase a 51.5% stake in Kerry Logistics in a deal designed to allow the China-focused package firm to gain an international footprint. The deal may spark a new round of M&A in the airfreight and logistics sector after dealmaking in 2020 fell to 178 transactions from 222 deals... Read more →

20210203-ups-revenues

UPS forwarding surges ahead with autos, healthcare driving growth

Logistics provider UPS has reported a 21.0% year over year increase in revenues for Q4’20, beating analysts expectations by 9.0 percentage points. Outside the core package business there was a 40.1% surge in forwarding revenues, accelerating from 19.1% growth in Q3’20. The expansion is industr... Read more →

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