Terex Corporation selects Kuehne + Nagel for digital supply chain management [Forwarder]
Global transportation management through single point of contact
Greater visibility, speed and productivity via KN ControlTower
Geographical scope expanded to Europe and Asia
Kuehne + Nagel announced a multi-year contract extension with Terex Corporation, one of the worldwide leading manufacturers of lifting and material processing equipment. The relationship between Kuehne + Nagel and Terex started in 2013 and allows Terex to improve transport management control and visibility by leveraging the KN ControlTower capabilities.
The new agreement enlarges this relationship by including all Terex Corporation Business segments, expanding geographical scope to Europe and Asia and embedding the complete supply chain from raw material to end customers. Kuehne + Nagel serves as a single point of contact for Terex.
“This relationship emphasizes the pivotal role our end-to-end logistics solution has in supporting the needs of Terex Corporation’s global business and their customers. Additional digital solutions will allow Terex to include predictive analytics and digital supply chain modelling to create a faster and more predictable supply chain”, said Gianfranco Sgro, member of the Managing Board of Kuehne + Nagel International AG, responsible for Contract Logistics.
KN ControlTower is a Kuehne + Nagel Integrated Logistics product that provides managed services tailored to meet customer needs, simplifying supply chain complexity through integrated end-to-end solutions. It combines the company’s industry expertise, logistics resources and innovative technology to provide essential network coordination that delivers enhanced visibility of the flow of goods, data and payments. This enables customers to optimise logistics operating costs, lead times and inventory levels.
Posted at 21:35 パーマリンク
Panalpina: 6,000 km overland shipment from China to Kyrgyzstan [Forwarder]
In barely 14 days, Panalpina completed a 6,000 km cross-border journey to deliver 125 tons of industrial equipment from Wuxi, a city near Shanghai, China, to Tokmok, Kyrgyzstan, for Swiss-based Bühler Group.
In light of China’s One-Belt-One-Road strategy, Bühler, whose core technologies are in the areas of mechanical and thermal process engineering, needed an overland transport solution for its first production line for export to Kyrgyzstan.
As Bühler’s global strategic partner, Panalpina used a tailor-made solution with eleven flatbed trucks to carry the 935-cubic-meter load. The equipment was collected at different locations in Wuxi and transported to Xinjiang in western China, and then across the border at Torugart Pass, one of only two border crossings between the countries. Once on Kyrgyz soil, the convoy headed north to its final destination at Tokmok.
Panalpina’s customized end-to-end solution included a cargo packing plan and wooden crate repacking to maximize loading capacity; customs clearance; and transshipment to foreign trucks.
The Panalpina Suzhou business unit acted as command center, setting up effective communication channels at multiple points in China and abroad for complete visibility and control.
Although cross-border trucking from China to Central Asia is a relatively new trend, it is becoming increasingly popular, as it represents a reliable and cost-effective solution with a high level of security.
Panalpina is well-known and appreciated in the Chinese market for its experience in handling scheduled and one-off overdimensional projects, and maintains a high level of readiness.
Posted at 18:47 パーマリンク
Panalpina increases group profitability [Forwarder]
In the first nine months of 2018, international freight forwarding and logistics company Panalpina increased group profitability compared to the same period of last year. From January to September, gross profit increased from CHF 1,024.8 million to CHF 1,116.2 million.Year-on-year, Panalpina’s EBIT increased from CHF 72.1 million to CHF 83.2 million and the consolidated profit increased from CHF 48.4 million to CHF 51.0 million.
“In a year that so far has been characterized by strained international trade relations, we have increased profitability of the group compared to the first nine months of 2017,” says Panalpina CEO Stefan Karlen. “The macroeconomic uncertainties of the third quarter resulted in air and ocean freight markets that were not as strong as predicted. We saw a market where ocean freight peak season was weaker than anticipated. The air freight rates went up, which impacted our margins as expected. In all, we have stood our ground in a very volatile environment.”
Panalpina Group: Results for the first nine months of 2018
(CHF million) YTD 2018 YTD 2017
Net forwarding revenue 4,442.5 4,065.5
Gross profit 1,116.2 1,024.8
EBITDA 208.5 103.9
EBIT 83.2 72.1
Consolidated profit 51.0 48.4
Group gross profit increased 9% to CHF 1,116.2 million in the first nine months of 2018 (YTD 2017: CHF 1,024.8 million), while total operating expenses decreased from CHF 920.9 million to CHF 907.8 million. EBIT and consolidated profit increased year-on-year, EBIT reached CHF 83.2 million compared to CHF 72.1 million a year before and the EBIT-to-gross-profit margin stood at 7.5% up from 7.0%. The consolidated profit increased from CHF 48.4 million to CHF 51.0 million.
Panalpina’s Air Freight volumes increased 4% in the first nine months of 2018, in line with estimated market growth of 4%. Compared to the same period of last year, gross profit per ton increased 12% to CHF 705 (YTD 2017: CHF 632), resulting in a gross profit of CHF 530.1 million (YTD 2017: CHF 456.0 million). EBIT in Air Freight increased from CHF 69.4 million to CHF 80.2 million. The EBIT-to-gross-profit margin for the first nine months of 2018 came in at 15.1% compared to 15.2% a year before.
Panalpina’s Ocean Freight volumes from January to September 2018 decreased by 2% year-on-year, compared to an estimated market growth of approximately 3%. Gross profit per TEU increased 5% to CHF 296 (YTD 2017: CHF 283), resulting in a gross profit of CHF 331.9 million (YTD 2017: CHF 323.4 million). For the first nine months, Ocean Freight posted an EBIT loss of CHF 5.3 million, comparable with the loss of CHF 5.5 million in 2017. However, in the last two quarters, Ocean Freight was at break-even.
In Logistics, gross profit increased 4% to CHF 254.2 million year-on-year (YTD 2017: CHF 245.4 million). Logistics posted an EBIT of CHF 8.3 million for the first nine months of 2018, compared to CHF 8.1 million for the same period last year.
“Due to macroeconomic and political uncertainties, it is challenging to accurately predict the dynamics of the the air freight peak season and the impact on rates and volumes this year, but we have prepared meticulously, securing capacity for our customers and ensuring readiness on the ground at strategic airports. In ocean freight, we expect fairly strong flows into the USA, but otherwise moderate market growth globally and our focus remains on unit profitability improvement,” says Karlen. “The volatile freight forwarding environment is a constant reminder that we need to do everything in our control to continue to build an organization that is fit for sustainable, profitable growth.”
Posted at 22:02 パーマリンク
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