DP World to invest in London Gateway Logistics Hub

DP World to invest in London Gateway Logistics Hub

DP World is set to invest in London Gateway logistics hub to increase supply chain resilience and create more capacity for the world’s largest vessels.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said, “As a central pillar of Thames Freeport, London Gateway’s new fourth berth will allow even more customers to benefit from world class ports and logistics, with unrivalled global connectivity, on the doorstep of Europe’s largest consumer market. 

“DP World plans to be at the heart of Britain’s trading future and this investment shows that we have the ambition and the resources to boost growth, support businesses, create jobs and improve living standards.”

Rt Hon Rishi Sunak MP, Chancellor of the Exchequer, will be guest of honour at today’s commercial launch of Thames Freeport at the Savoy Hotel in London. 

He added, “Our new freeports will create national hubs of trade, innovation and commerce, and attract more investment to regenerate communities and level up the UK.

“Bringing ports and business together to invest in their regions is crucial to the Freeports success story – that’s why I’m thrilled that DP World is investing £300 million to support Thames Freeport – creating new opportunities, boosting growth and supporting local jobs.”

MASkargo and cargo.one announce global partnership

 MASkargo and cargo.one announce global partnership

As part of its digitalization agenda, MASkargo, a Malaysian Cargo Airline, has entered into a distribution agreement with e-booking platform cargo.one. The aim is to bring a smooth digital booking experience to MASkargo’s customers and to expand its presence in key cargo markets. 

 “At MASkargo, our strategy is to deliver a first-class customer experience by way of a continuous innovative digital solutions cycle. We are delighted to partner with cargo.one to augment our domestic digital offering to a premium global presence by bringing our real-time rates and capacities to this innovative and rapidly growing online booking platform”, Mark Jason Thomas, chief commercial officer at MASkargo, explains. 

Freight forwarders using cargo.one will soon have access to MASkargo’s real-time rates and capacity at the click of a button and receive immediate confirmation of their bookings. cargo.one will benefit from MASkargo’s network into Asia and Australia, as it delivers on its global expansion strategy. 

“Over the past months, cargo.one has already helped shape our strategy and I believe the team’s expertise and analytics will be crucial in supporting our shift towards a digital-first business model going forward. The platform will increase the airline’s service quality and efficiency, and the ongoing partnership support and access to data will also enhance MASkargo’s ability to manage digital sales channels and drive market relevance”. 

“Not only will we reach a larger booking audience by extending our network visibility to cargo.one’s strong global user base, but we are also keen to benefit from being at the forefront of the platform’s imminent expansion into new markets, particularly within Asia”, Mark Jason Thomas confirms. 

“In line with our Asia expansion strategy, we aim to partner with forward-thinking and customer-centric airlines. We are therefore especially pleased to welcome MASkargo as our latest airline partner, with its strong Asia and Oceania network,” says Moritz Claussen, Managing Director of cargo.one. 

“We look forward to working with the MASkargo team in serving their customers’ needs in the best way possible and developing the future of digital cargo in Asia together.”

MASkargo and cargo.one are now working on integrating their systems and look forward to bringing MASkargo capacities to forwarders before the end of 2021.

Gebrüder Weiss expands network with presence in Bavaria

 Gebrüder Weiss expands network with presence in Bavaria

The international transport and logistics provider Gebrüder Weiss is taking a further stride in consolidating its land transport network across southern Germany with a new location in Straubing to open at the start of October. The branch in the lower Bavarian commercial center will be based at a newly acquired, 45,000 m2 portfolio property in the Sachsenring industrial park.

“We will be growing Straubing into a major hub within our expanding southern German land transport network, enabling regional companies to access the entire Gebrüder Weiss service portfolio,” announced CEO Wolfram Senger-Weiss. In the medium term, his company will be offering between 60 and 80 attractive new jobs in every area of the forwarding business. Up to 120 new roles are envisaged in the long term.

The new Straubing location will complement the existing southern German branches in Aldingen, Esslingen, Lindau, Memmingen, Nuremberg, Passau, and Waldkraiburg – the facility added most recently following the acquisition of Spedition Lode. "With the new site in Straubing, we are creating a tightly meshed land transport network extending from Nuremberg to Austria and the Czech Republic, and offering customers from commerce and industry a direct link to the Pan-European Gebrüder Weiss network," explains Werner Dettenthaler, the company’s Regional Manager for Land Transport Germany.

The international transport and logistics provider Gebrüder Weiss is taking a further stride in consolidating its land transport network across southern Germany with a new location in Straubing to open at the start of October. The branch in the lower Bavarian commercial center will be based at a newly acquired, 45,000 m2 portfolio property in the Sachsenring industrial park.

“We will be growing Straubing into a major hub within our expanding southern German land transport network, enabling regional companies to access the entire Gebrüder Weiss service portfolio,” announced CEO Wolfram Senger-Weiss. In the medium term, his company will be offering between 60 and 80 attractive new jobs in every area of the forwarding business. Up to 120 new roles are envisaged in the long term.

The new Straubing location will complement the existing southern German branches in Aldingen, Esslingen, Lindau, Memmingen, Nuremberg, Passau, and Waldkraiburg – the facility added most recently following the acquisition of Spedition Lode. "With the new site in Straubing, we are creating a tightly meshed land transport network extending from Nuremberg to Austria and the Czech Republic, and offering customers from commerce and industry a direct link to the Pan-European Gebrüder Weiss network," explains Werner Dettenthaler, the company’s Regional Manager for Land Transport Germany.

The international transport and logistics provider Gebrüder Weiss is taking a further stride in consolidating its land transport network across southern Germany with a new location in Straubing to open at the start of October. The branch in the lower Bavarian commercial center will be based at a newly acquired, 45,000 m2 portfolio property in the Sachsenring industrial park.

“We will be growing Straubing into a major hub within our expanding southern German land transport network, enabling regional companies to access the entire Gebrüder Weiss service portfolio,” announced CEO Wolfram Senger-Weiss. In the medium term, his company will be offering between 60 and 80 attractive new jobs in every area of the forwarding business. Up to 120 new roles are envisaged in the long term.

The new Straubing location will complement the existing southern German branches in Aldingen, Esslingen, Lindau, Memmingen, Nuremberg, Passau, and Waldkraiburg – the facility added most recently following the acquisition of Spedition Lode. "With the new site in Straubing, we are creating a tightly meshed land transport network extending from Nuremberg to Austria and the Czech Republic, and offering customers from commerce and industry a direct link to the Pan-European Gebrüder Weiss network," explains Werner Dettenthaler, the company’s Regional Manager for Land Transport Germany.

Mammoth Freighters launch 777P2F conversion programs

 Mammoth Freighters launch 777P2F conversion programs

Mammoth Freighters LLC (Mammoth), a logistic solution provider has launched its Boeing 777-200LR and 777-300ER passenger-to-freighter conversion programs. Mammoth brings a flexible business model to market that provides air cargo operators and asset owners dynamic new options including the ability to provide their own assets for conversion or acquire or lease ready-to-fly converted freighters from Mammoth’s existing feedstock of ten 777-200LR GE90-110B1 equipped aircraft. These assets were acquired from Delta Air Lines and are the largest fleet of -200LR sister aircraft in the world.

Mammoth was founded in December 2020 by two aviation industry executives, Bill Wagner and Bill Tarpley, both serving as the company’s Co-CEOs. The Company is backed by private investment funds managed by Fortress Investment Group LLC and its affiliates (Fortress). The company has launched its Supplemental Type Certificate (STC) development program with the plan to achieve FAA approval in the second half of 2023.

Bill Tarpley, Mammoth Co-CEO, explained, “All models of the 777 with GE90-110/115 engines are renowned for having superior operating economics compared to the aging 747-400 and MD11 fleets and, as freighters, both the 777-200LR and 777-300ER have a bright future in supporting global air cargo demand. With our modern design and existing feedstock of ten aircraft, Mammoth will provide express, e-commerce, and general freight operators with highly affordable, flexible, and purpose-built 777 freighters that burn less fuel and emit less carbon than the current freighter fleets.”

Design and engineering for the 777-200LRMF program is well underway with tooling and parts already in fabrication. The conformity 777-200LR recently completed a comprehensive series of pre-modification flight tests and will commence modification in the second quarter of 2022. Upon certification of the 777-200LRMF, Mammoth expects approval of the 777-300ERMF STC to follow shortly afterwards.

Bill Wagner, Mammoth Co-CEO, remarked, “We have assembled a distinguished team of over 100 design, engineering, certification, production, operational, and sales professionals with significant experience in converting Boeing passenger aircraft to freighters.” He continued, “We are truly excited to bring the high-capacity, long-haul Mammoth 777s to the marketplace to meet the current and future demands of this rapidly growing widebody air cargo sector.” Mammoth, with offices in Escondido, CA and Orlando, FL, was founded specifically to develop, convert, and support both models of the most productive and economical 777 long range freighters in the world.

Fortress is a leading global investment manager with approximately $53.91 billion of assets under management as of June 30, 2021.

TASCO Logistics Company certified as an AEO in Malaysia

 TASCO Logistics Company certified as an AEO in Malaysia

TASCO Berhad, a Yusen Logistics subsidiary in Malaysia has been selected to be AEO certified for category of forwarder and warehouse operator by Royal Malaysian Customs Department (RMCD) on July 14 2021. 

TASCO Berhad is said to be the first global logistics company to certify as an AEO in Malaysia. The incentives for AEO certification to logistics companies such as TASCO Berhad were announced in Malaysian Budget 2021 on last November 6 2020.  

With this certification, TASCO Berhad is able to offer many benefits to its selected customers. These include priority, fast customs clearance, lower rate physical inspection of imported or exported goods, faster released of shipments, and as well as enhanced security and improved risk mitigation. 

Malaysian Finance Minister, Tengku Zafrul, through Budget 2021 announced that the government would implement the AEO Program at the national level encompassing goods that are subjected to license or permit issued by 43 Regulatory Authority Other Government Agencies and Permit Issuance Agencies. The other advantages of AEO, TASCO Berhad can enjoy the fast, simple and efficient customs clearance and shipment handling for the import or export shipments from or to the countries who already have MRA (Mutual Recognition Arrangements) agreements with Malaysia. So far, Malaysia already signed MRA agreement with Japan, Hong Kong and South Korea. Malaysian Customs is in the midst of finalizing the MRA negotiation with a few more countries.

The AEO Program was introduced by the World Customs Organization (WCO) since 2005 and had been implemented by the RMCD since 2010. AEO is an operator who has obtained approval from or on behalf of Customs after being confirmed to be compliant with the supply chain safety standards under WCO SAFE Framework.

And AEO secure and facilitate Global Trade which covers manufacturers, exporters, broker carriers, consolidators, and intermediaries.

Scan Global Logistics acquires New Zealand Freight Forwarder Orbis Global Logistics

 Scan Global Logistics acquires New Zealand Freight Forwarder Orbis Global Logistics

Scan Global Logistics (SGL) has signed an agreement to acquire New Zealand Freight Forwarder Orbis Global Logistics Limited. Orbis will become the newest member of the SGL family on 5 October. 

SGL and Orbis are said to share an identical customer-centric business model rooted in providing entrepreneurial transport and logistics solutions to a diverse portfolio of customers. By this acquisition, SGL will significantly strengthen its position in the Pacific region, targeting significant growth in the coming years.

A testament to its founders, Troy Hageman, Stuart Kingdon, and Stephen Fredricson, Orbis has experienced rapid growth and established a leading position in the New Zealand Freight Forwarding market since its inception in 2017. 

Director of Orbis, Troy Hageman, explains how the acquisition will provide an even better value proposition for the customers, "The SGL acquisition of Orbis represents the next chapter in our dynamic growth in the NZ market. SGL is the perfect fit for us on a cultural level. It also gives us the ability to utilize their extensive network and infrastructure to expand within the Pacific Region and beyond, to the benefit of our customers and staff alike. The Orbis Team and Directors look forward to our next chapter with SGL, remaining focussed on providing our customers with the service and care that they are accustomed to, and with the additional capability that SGL brings."

Orbis has grown rapidly within a short period, becoming one of the strongest logistics offerings in the NZ market due to an incredibly well-built team delivering uncomplicated and efficient solutions to its customers. The company will continue under the leadership of the founders.

SGL CEO Pacific region, Søren Madsen, expands on the Pacific growth opportunities, 'In Orbis, we immediately saw a perfect match with our SGL DNA and a unique opportunity to significantly strengthen our position, providing a strong platform for our ambitions in New Zealand.

Under the continued leadership of Troy, Stephen, and Stuart, I am confident our 'company's global reach and strengths will be utilized in full and complement Orbis' high-quality solutions and market position to deliver an even better value proposition to our existing and future customers".

Group CEO of SGL Group, Allan Melgaard, adds:"We are thrilled that Orbis is joining our family, which marks another important milestone in our global expansion plans. The Pacific region remains a key market for SGL in the years to come, where we expect significant growth and see strong demand. While we share a similar business approach, most importantly, we see a perfect match with our company DNA and the virtues we value. We are very excited to welcome our new colleagues and customers into our family."

Toll Group completes Global Express sale to Allegro Funds

 Toll Group completes Global Express sale to Allegro Funds

Toll Group, an Australian transportation and logistics company, announces the completion of the sale of the Global Express business to Australian private equity fund manager, Allegro Funds.

Toll Managing Director, Thomas Knudsen, said the sale marks a new chapter in Toll’s history. “The divestment is consistent with our strategy to drive Asia-Pacific growth through our global contract logistics and freight forwarding solutions.”

“Over the past three years the Global Express team have done a fantastic job transforming and improving the business. We are grateful for the Global Express employees who have made this journey a success and wish them all the very best for their future under Allegro’s ownership,” said Mr. Knudsen.

Under the terms of the sale, Allegro will operate the Global Express business under the Toll brand for a two-year transitional period. The Global Express business provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New Zealand.

Toll Group, an Australian transportation and logistics company, announces the completion of the sale of the Global ExprToll Group, an Australian transportation and logistics company, announces the completion of the sale of the Global Express business to Australian private equity fund manager, Allegro Funds.

Toll Managing Director, Thomas Knudsen, said the sale marks a new chapter in Toll’s history. “The divestment is consistent with our strategy to drive Asia-Pacific growth through our global contract logistics and freight forwarding solutions.”

“Over the past three years the Global Express team have done a fantastic job transforming and improving the business. We are grateful for the Global Express employees who have made this journey a success and wish them all the very best for their future under Allegro’s ownership,” said Mr. Knudsen.

Under the terms of the sale, Allegro will operate the Global Express business under the Toll brand for a two-year transitional period. The Global Express business provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New Zealand.

ess business to Australian private equity fund manager, Allegro Funds.

Toll Managing Director, Thomas Knudsen, said the sale marks a new chapter in Toll’s history. “The divestment is consistent with our strategy to drive Asia-Pacific growth through our global contract logistics and freight forwarding solutions.”

“Over the past three years the Global Express team have done a fantastic job transforming and improving the business. We are grateful for the Global Express employees who have made this journey a success and wish them all the very best for their future under Allegro’s ownership,” said Mr. Knudsen.

Under the terms of the sale, Allegro will operate the Global Express business under the Toll brand for a two-year transitional period. The Global Express business provides express parcel, freight delivery and domestic forwarding services in Australia, and transport and contract logistics services in New Zealand.

BlueBoxSystems launches BlueBoxAir for data from airlines and airports

 BlueBoxSystems launches BlueBoxAir for data from airlines and airports

BlueBoxSystems GmbH announces the launch of BlueBoxAir with an aim for worldwide unique system to retrieve up-to-the-minute data from over 130 airlines and more than 1,600 airports. This allows not only the answer to the question where a specific shipment is exactly at this moment, but also if it is delayed, why and where the delay has occurred. 

BlueBoxAir offers much more information: ATA/ETA, Chargeable weight, Delay, Airline, Aircraft type, Henning Flaspöler BlueBox: Paket#2-Content Osnabrück, 02.04.2021 Transshipment Port, Split Shipment are just a few examples of information you get per shipment.

Additionally, one can create detailed reports based on all data: Get an up-to-the-minute overview of chargeable weight, performance of the respective airlines and/or tradelanes, best in class. The perfect basis to not only optimize your supply chains, but to establish the best supply chains.

The globally active full-service provider Hellmann Worldwide Logistics also takes advantage of this. Their product Hellmann SmartAir! is based entirely on BlueBoxAir. “SmartAir! is a real novelty in the tracking of air freight shipments, which has not previously existed on the market in this form. In times of digitalization and ever-smaller time windows for decisions, quickly available real-time data is becoming increasingly important within global supply chains,” says Henning Pottharst, Smart Visibility Product Manager at Hellmann.

BlueBoySystems GmbH is a spin-off of Business-Code GmbH, a successful software company from Germany that has specialized in logistics digitization for more than 20 years. In the product BlueBoxAir are therefore two decades of development experience, which is noticeable in performance, stability and intuitive operation.

CSafe Global triples the size of operation in Chicago to meet customer demand

 CSafe Global triples the size of operation in Chicago to meet customer demand

CSafe Global, the innovation leader in temperature-controlled container solutions for the transport of pharmaceuticals, continues expanding to meet demand with a move to a new location in Chicago that more than triples the size of their former location in the area. 

The Chicago facility provides 23,000 square-feet of newly constructed warehouse space for CSafe RKN and RAP storage and operations. “Chicago is a crucial hub for a number of air cargo lanes internationally and domestically. Expanding from 7,000 to 23,000 square-feet allows us to hold and service significantly more active containers to meet current and future customer demand,” noted Tom Weir, CSafe COO.

The new Chicago service center – now the largest CSafe Global location in the United States – is fully operational and serving CSafe customers from 07:30 to 16:00 daily. CSafe continues expanding its presence worldwide by investing in best-in-class facilities to provide the best service possible to customers in their local area.

New Kale Logistics Study demonstrate environmental benefits of digitization

 New Kale Logistics Study demonstrate environmental benefits of digitization

Kale Info Solutions Inc’s recent study on the impact of digitisation at Atlanta Airport, Georgia, USA showed that by using digital tools the Atlanta Airport Community, which is powered by Kale’s digital solutions, had saved nine tonnes of CO2 from being processed since the beginning of 2021: the equivalent of planting more than 400 trees.

The study demonstrated CO2 and fuel savings, as well as reduced labour costs, and close to 2,000 man-hours saved. They looked at 1,839 shipments, 389 trucks, and 680 tonnes of cargo going through Atlanta Airport for the first seven months of 2021.

In total, more than 5,650 litres of fuel, USD 69,000 of labour costs, and 1,945 man-hours were saved by using Kale’s slot management tool to organise and facilitate the arrival and loading of trucks at the airport.

Kale’s Single Window System used for airport and maritime community systems enables electronic communications between multiple supply chain stakeholders.

“We want to add momentum to the global sustainability drive and be a major influencer for airports, ports, and supply chains across the world to go paperless, improve digital connectivity, and reduce carbon emissions,” said Amar More, President and Chief Executive Officer, Kale Info Solutions, USA.

“We estimate that digital solutions like the ones developed by Kale can reduce paper usage by eight million pieces of paper annually at an airport – the equivalent of planting 1,500 trees – and reduce cargo dwell times by up to 70 percent, lowering carbon emissions and fuel expenses.”

“Businesses across all modes in the supply chain can improve their environmental impact and internal operations by adopting IT solutions that provide greater transparency, better planning, and paperless processes,” added Amar.

Kale recently launched a Maritime Single Window IT solution providing a single point of data entry for documentary requirements and procedures at ports as part of its ongoing drive to digitise supply chains.

Another recent Kale study at Tuticorin VOC Port, Tamil Nadu, India, where the Kale Port Community System is used, showed that a port handling around one million twenty-foot equivalent units (TEUs) can save enough carbon to plant the equivalent of up to 4,000 trees annually by adopting paperless operations.

“CO2 emissions from trucks on the port premises can be reduced by up to 75 percent through improved management of truck wait times by using a slot management system,” said Vineet Malhotra, Co-Founder and Director, Kale Logistics Solutions.

CEVA Logistics transport oxygen concentrators to Indonesia

 CEVA Logistics transport oxygen concentrators to Indonesia

CEVA Logistics continues supporting Indonesia with the fight against the COVID-19 virus. It announces the transport of oxygen concentrators from the U.S. to Indonesia via Singapore. As part of the broader Singapore Changi Airport community, CEVA is participating in the aid project organized by the Changi Airport Group.

The project’s first shipment of oxygen concentrators from Los Angeles weighed more than 14,000 kilograms and was delivered directly to the CEVA Logistics warehouse located within the Airport Logistics Park of Singapore. 

With many Southeast Asian and Pacific countries affected by the highly transmissible Delta variant, CEVA Logistics is using its global network to connect the right medical supplies with those that need them. In total, 1,380 machines are being donated by the Changi Foundation together with more than 30 other airport partners, as well as individual airport employees.

Says Elaine Low, managing director for Southeast Asia and Pacific, CEVA Logistics, ‘‘At CEVA Logistics, we believe our global presence gives us a great responsibility in the communities in which our employees live and work. We want to support and enrich these local communities through what we do best: logistics and transportation services. We are honored to partner with Changi Airport Group in this humanitarian effort for our friends in Indonesia. We hope that these medical supplies will bring much-needed relief to those who are battling COVID-19, and we wish them a speedy recovery.’’

Early in the pandemic, the company organized an airlift of two flights per week to deliver several hundred million masks from China to France over the course of months. In addition, CEVA was also appointed by General Motors (GM) in April 2020 to manage its entire ventilator production supply chain in support of the U.S. pandemic response. 

CEVA Logistics continues supporting Indonesia with the fight against the COVID-19 virus. It announces the transport of oxygen concentrators from the U.S. to Indonesia via Singapore. As part of the broader Singapore Changi Airport community, CEVA is participating in the aid project organized by the Changi Airport Group.

The project’s first shipment of oxygen concentrators from Los Angeles weighed more than 14,000 kilograms and was delivered directly to the CEVA Logistics warehouse located within the Airport Logistics Park of Singapore. 

With many Southeast Asian and Pacific countries affected by the highly transmissible Delta variant, CEVA Logistics is using its global network to connect the right medical supplies with those that need them. In total, 1,380 machines are being donated by the Changi Foundation together with more than 30 other airport partners, as well as individual airport employees.

Says Elaine Low, managing director for Southeast Asia and Pacific, CEVA Logistics, ‘‘At CEVA Logistics, we believe our global presence gives us a great responsibility in the communities in which our employees live and work. We want to support and enrich these local communities through what we do best: logistics and transportation services. We are honored to partner with Changi Airport Group in this humanitarian effort for our friends in Indonesia. We hope that these medical supplies will bring much-needed relief to those who are battling COVID-19, and we wish them a speedy recovery.’’

Early in the pandemic, the company organized an airlift of two flights per week to deliver several hundred million masks from China to France over the course of months. In addition, CEVA was also appointed by General Motors (GM) in April 2020 to manage its entire ventilator production supply chain in support of the U.S. pandemic response. 

CEVA Logistics continues supporting Indonesia with the fight against the COVID-19 virus. It announces the transport of oxygen concentrators from the U.S. to Indonesia via Singapore. As part of the broader Singapore Changi Airport community, CEVA is participating in the aid project organized by the Changi Airport Group.

The project’s first shipment of oxygen concentrators from Los Angeles weighed more than 14,000 kilograms and was delivered directly to the CEVA Logistics warehouse located within the Airport Logistics Park of Singapore. 

With many Southeast Asian and Pacific countries affected by the highly transmissible Delta variant, CEVA Logistics is using its global network to connect the right medical supplies with those that need them. In total, 1,380 machines are being donated by the Changi Foundation together with more than 30 other airport partners, as well as individual airport employees.

Says Elaine Low, managing director for Southeast Asia and Pacific, CEVA Logistics, ‘‘At CEVA Logistics, we believe our global presence gives us a great responsibility in the communities in which our employees live and work. We want to support and enrich these local communities through what we do best: logistics and transportation services. We are honored to partner with Changi Airport Group in this humanitarian effort for our friends in Indonesia. We hope that these medical supplies will bring much-needed relief to those who are battling COVID-19, and we wish them a speedy recovery.’’

Early in the pandemic, the company organized an airlift of two flights per week to deliver several hundred million masks from China to France over the course of months. In addition, CEVA was also appointed by General Motors (GM) in April 2020 to manage its entire ventilator production supply chain in support of the U.S. pandemic response. 

TAC Index publishes Indian outbound indices to the USA and Europe

 TAC Index publishes Indian outbound indices to the USA and Europe

The Hong Kong-based global air cargo rate data provider TAC Index announced its entry into the Indian market with the publication of the first two Indian outbound indices to the USA and Europe.

In an exclusive interaction with The STAT Trade Times, TAC Index managing director John Peyton Burnett reported that they are having a big push in India and have already gained traction, particularly amongst the pharmaceutical companies.

Global pharmaceutical companies and other shippers, have frequently requested TAC Index to publish out of India. Pharmaceuticals post-Covid-19 is a product in strong demand and India is a global hub particularly for Active Pharmaceutical Ingredients (API). Burnett noted that India is a heavy spot market with pharma as the main use for air freight whilst auto is still in the doldrums.

"Post Covid-19, just by looking at the charts you can see a huge price dislocation as demand for air cargo surged and passenger belly hold capacity collapsed, the latter particularly affecting the Indian market. Outbound India rates are changing on a daily, weekly, monthly basis which makes it very hard for shippers to plan ahead," he said.

He also informed us that these are just the first of a series of routes to be released both outbound and inbound for India as there is a strong demand for price indexation; strong inbound from the US and Europe to India and globally outbound from India. Burnett said, "We will be publishing routes, pending thresholds being met, as requested by our customers."

At the moment TAC Index has 52 routes published globally and it aims to have the top 50-100 origin-destination pairs by revenue published before year-end.TAC Index is a neutral, third-party data provider with unique data sets that cannot be replicated. The transactional data is sourced from freight forwarders.

DSV buys GIL from Agility in $4.6bn deal

 DSV buys GIL from Agility in $4.6bn deal

Denmark headquartered DSV Panalpina A/S (DSV) announced the acquisition of Global Integrated Logistics (GIL) from Agility, a Kuwait-based leader in supply chain services, innovation and investment.

The enterprise value of the transaction is $4.775 billion and the equity value is $4.675 billion.

“I am very pleased to welcome our new colleagues from GIL on this important day. There are many similarities when you look at our two companies both in terms of the business models and services and, not least, when we look at our shared focus on local empowerment and putting customers first,” said Jens Bjørn Andersen, Group CEO, DSV.

“DSV and GIL simply constitute an excellent match. We will now start the integration, and, together, we are going to grow the business and bring even more value to our many customers, partners and shareholders than we do separately.” 

The all-shares transaction gives Agility 19.3 million DSV shares upon full completion of the deal in all jurisdictions, representing approximately 8 percent of all post-transaction shares of DSV. This makes Agility the second largest DSV shareholder based on today’s shareholder register.

With the acquisition of GIL, DSV joins the global top-three players in the freight forwarding industry with an expected combined revenue of roughly $26 billion and 75,000 employees worldwide.

“We’ve shown that Agility knows how to build and scale successful businesses. This deal affirms Agility’s global strategy and execution, and positions us for a new era of growth,” said Tarek Sultan, Agility vice chairman and CEO.

“We’re moving forward with a strategic investment in DSV, one of the world’s best-performing logistics providers. We will accelerate growth in the businesses we continue to operate, which historically account for around 80 percent of our EBIT. And we will continue investing in businesses that are driving sustainable innovation in supply chain and transportation.”