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TOKYO -- Nippon Express Holdings, the holding company of Nippon Express, will purchase a majority stake in Austrian logistics company Cargo-Partner fo

The successor for the Management Board mandate within the “Market and Sales” division was ascertained by the Supervisory Board at Rail Cargo Austria AG on 27th February 2023.

Carrier-forwarder capacity agreements may shift as new capacity may saturate the market, stakeholders say. “We see a lot of new capacity coming into the markets … and eventually, more [capacity] than there will be demand for going forward, especially if we enter recessions in parts of the world,” DSV Senior Director of Air and Sea

Forwarders continue to benefit from fixed-capacity agreements with carriers amid airfreight operations impacted by Russian sanctions and Shanghai’s recently lifted COVID-19 restrictions. With the global challenges presented by airport closures and the war in Ukraine, fixed capacity agreements on major trade lanes enable forwarders like Austria-based cargo-partner to offer airfreight solutions amid market disruptions, Air

The once-predictable path for freight forwarders is deviating from historical trends for the second year in a row. Ongoing capacity constraints, ocean shipping issues, COVID-19 lockdowns in China, severe cargo congestion at airports and elevated rates are just a few challenges plaguing 3PLs since 2021. Still, most of the world’s top forwarders grew in revenue