Freight Forwarders

DSV said that this deal will augment the company’s global network, expertise, and competitiveness, adding that bringing Schenker in will provide access to new markets and strengthen its global network and capabilities, coupled with increased reach and opportunities to serve customers.

Danish logistics company DSV has won the race to buy DB Schenker, the logistics arm of Deutsche Bahn, in a deal worth $15.4 billion. This acquisition, expected to be finalized soon, will make DSV the largest freight forwarder in the world, surpassing Swiss competitor Kuehne + Nagel.

Following a previous announcement earlier this week, in which key financial terms of a previously-announced deal were amended, Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air said its acquisition of Dallas-based Omni Logistics, an asset-light, high-touch logistics and supply chain services provider owned by Ridgemont Equity Partners, is now official.

The Federal Motor Carrier Safety Administration (FMCSA) late last month published a final rule titled "Broker and Freight Forwarder Financial Responsibility," which establishes procedures and requirements for the immediate suspension of broker and freight forwarder operating authority registration if the available financial security falls below $75,000.

The freight forwarding market continues to be negatively affected by the ripple effects of normalization in consumer behavior, as well as the global economic and manufacturing slowdown. Consequently, volumes handled by freight forwarders slowed down in the second half of 2022.

Analysts expect the percentage of cargo booked and shipped through completely digital platforms to double to nearly 20% by 2024. To accommodate this rapid growth, large forwarders are investing heavily in digital offerings for booking, quoting, tracking, and invoicing—the ones who don’t will be left behind.

Echo officials said that Fastmore’s domestic operations are similar to those of Echo’s, with the real benefit of bringing Fastmore into the fold is that it offers up what it called a unique point of entry into an expansive network of expedited brokerage for the international freight forwarding market through various types of equipment, including: cargo vans, straight trucks, and full truckload.

As savvy forwarders embrace and utilize more sophisticated digitized solutions to set them apart from the pack, industry analysts are seeing the race narrowing. Evidence of this trend is made clear when the Top 25 features nearly a half dozen players vying for the same coveted ranking.

As the digitization of freight forwarding is widely viewed as an ongoing process, a report issued this week by Freightos, a SaaS-enabled logistics technology provider focused on instant freight quotes for freight forwarders and shippers, highlights how the ongoing road towards digitization and will change customer service differentiation.

New trade agreements may drive long-term recovery, air freight logistics forecast, 2016 air freght

By most reliable measures, the world’s freight forwarding sector is brightening considerably for the second straight year. But many analysts also maintain that only intermediaries with the most sustainable practices will thrive in tomorrow’s marketplace.

Forwarders who specialize in the controlled temperature marketplace are facing more regulations now than ever. But by bringing new technology into the fore, they can quickly meet compliance standards and differentiate their service. Here’s some advice for shippers looking to solve the “cold chain” challenge with the help of a third party.

Savvy, global shippers that capture and analyze transactional transportation management data in collaboration with their third-party service providers have seen hard dollar savings drop to the bottom line. Here’s how they’re getting it done.

With most economists forecasting robust growth in U.S. manufacturing, global freight intermediaries must be prepared for a spike in new business - and concurrent expectations for higher levels of performance.

As noted in the 25th Annual State of Logistics Report, the air freight industry has been facing chronic overcapacity and deteriorating yields—and data surfacing in new research mirror these findings.