<![CDATA[ sennder appoints tech professionals for development ]]> sennder has announced the appointment of two senior executives to their management team, David Vismans, as their new Chief Product Officer (CPO), and Kollen Glynn as their new Chief Technology Officer (CTO).

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sennder has announced the appointment of two senior executives to their management team, David Vismans, as their new Chief Product Officer (CPO), and Kollen Glynn as their new Chief Technology Officer (CTO). 

These appointments signal sennder’s ambition to become Europe’s leading Full Truck Load (FTL) freight forwarder, driving customer excellence through product development and technological innovation. With a sustainable business model and by bolstering its leadership for its next phase of growth, sennder is uniquely positioning itself to capitalize on the digitalization opportunities within the industry. 

In their new roles, David Vismans and Kollen Glynn will work closely together to enhance sennder’s product features and improve the overall digital platform usability and app experience to position sennder as the partner of choice for shippers and carriers alike. Together, Vismans and Glynn will be responsible for advancing the technology to deliver the products that sennder’s business partners and customers need. Both will report to CEO of sennder David Nothacker.

With over 28 years of experience in software engineering, Glynn brings decades of knowledge and expertise to sennder’s technology team as Chief Technology Officer. Formerly the VP of Core Software Engineering for industry heavyweight C.H. Robinson, as well as significant tenures at Microsoft and Boeing Defense and Space, Glynn possesses a unique set of skills and experience that will anchor sennder’s engineering capability and enable the company to enter the next phase of growth.

Vismans brings a wealth of knowledge from his engineering background and his time as CPO at Booking.com, where he was responsible for product development and played a key role in the company’s scaling phase. As Chief Product Officer at sennder, Vismans will oversee the company’s product strategy and development, working closely with Kollen Glynn, and sennder’s Chief Commercial Officer, Katherine Boesen, to ensure sennder’s product offerings continue to meet the evolving needs of customers. 

David Nothacker, Chief Executive Officer, sennder, said: “We are excited to welcome Kollen and David as two exceptional additions to our management team at a pivotal time when our industry increasingly opens up for technology adoption. Their extensive experience in software engineering and product development as well as their proven leadership skills will be invaluable in driving sennder’s technology forward and helping us to further strengthen our digital advantage in the industry. With their background and experience, we are well equipped to achieve our goal of becoming Europe’s largest freight forwarder in the FTL sector.“

Kollen Glynn, Chief Technology Officer, sennder, said: “I am thrilled to join sennder as a market leader and innovator at this crucial time for our industry. sennder is a tech-centric company in a market ripe with opportunity and I look forward to bringing my experience to develop and scale advanced solutions for our customers. Together, we will drive sennder’s mission to make road logistics more efficient and sustainable through the use of technology.” 

David Vismans, Chief Product Officer, sennder, said: “I am hugely excited to join sennder, a digital leader committed to offering high-quality, reliable and efficient solutions to improve road logistics. Having already experienced first-hand in recent weeks the many challenges faced by carriers, their drivers and shippers across Europe, I am even more delighted to take on the meaningful task of developing the most user-friendly product, that leverages technological capabilities, including AI, to help positioning sennder as the partner of choice for carriers and shippers alike.”

The appointments underline sennder’s continued commitment to harnessing technology and data to establish an efficient road freight network. As of May 1, 2024, the company’s executive team consists of David Nothacker (Chief Executive Officer), Susanne Schroeter-Crossan (Chief Financial Officer), Katherine Boesen (Chief Commercial Officer), Anja Maassen van den Brink (Chief People Officer), David Vismans (Chief Product Officer), Kollen Glynn (Chief Technology Officer), Nicolaus Schefenacker (Managing Director), and Julius Koehler (Managing Director).

Source: sennder

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<![CDATA[ Aramex appoints new liquidity provider ]]> Aramex has announced that it has appointed Arqaam Securities LLC, a leading regional financial institution regulated by the Securities and Commodities Authority (SCA) of the UAE, as Liquidity Provider for its shares listed on the Dubai Financial Market (DFM).

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Aramex has announced that it has appointed Arqaam Securities LLC, a leading regional financial institution regulated by the Securities and Commodities Authority (SCA) of the UAE, as Liquidity Provider for its shares listed on the Dubai Financial Market (DFM).

Under the terms of the one-year agreement, Arqaam Securities will begin trading Aramex shares independently, by entering two-way daily quotes into the market trading system within the defined parameters of the mandate, and in compliance with the regulations and controls set by Dubai Financial Market (DFM) and SCA. Arqaam Securities’ ownership of the company shares shall not exceed, at any time, 5% (five percent) of the total number of the Company’s listed shares. All regulatory approvals have been secured.

The decision to appoint a licensed liquidity provider as approved by the Board on December 8, 2023, aims to enhance market liquidity for market participants and to reduce the spread between the bid and ask prices. By engaging a top licensed financial institution to provide liquidity services, Aramex demonstrates its dedication to facilitating smoother trading experiences for investors while reinforcing its position as a responsible and responsive participant in the DFM. The company shares have 50% free float and are 100% open to foreign investment. Aramex has two strategic shareholders, with Geopost owning 28% and Abu Dhabi Ports owning 22% of the Company’s shares.

Nicolas Sibuet, Chief Financial Officer, Aramex, said: “At Aramex, we are committed to exploring avenues that drive shareholder value, enabling greater flexibility and adaptability in navigating dynamic market conditions, while continuously striving for sustainable, long-term value creation for our shareholders.”

Veselin Tilev, Head of Market Making of Arqaam Securities, thanked the leadership team at Aramex for their trust and commented: “We are delighted to offer our liquidity provision services on the Dubai Financial Market to Aramex, further strengthening our commitment to fostering liquidity and promoting efficient trading in the region. With our extensive expertise and comprehensive understanding of the local market, we are confident that Arqaam Securities will provide a valuable contribution and facilitate efficient trading activity on the shares of Aramex in the DFM.”

Source: Aramex

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<![CDATA[ Hellmann Calipar Expands Healthcare Logistics in Dubai ]]> The newly established distribution center will serve distributors and a number…

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Hellmann Calipar Healthcare Logistics (HCHL) has opened a distribution centre for the global medical device company, Boston Scientific, in emerging markets. Representatives from the organisation and local authorities attended the inauguration of the new warehouse. Hellmann Calipar Healthcare Logistics, a joint venture between Hellmann Worldwide Logistics and an affiliate of Indian-based Parekh Integrated Services, will provide comprehensive logistics solutions for Boston Scientific.

The new distribution centre will serve distributors and various warehouses across EMEA. As an integrated healthcare logistics provider, Hellmann Calipar will also offer localisation services to tailor products to specific market needs. The facility, strategically located in Dubai South, within the integrated free zones of DWC and JAFZA, covers 5400 square metres with a capacity of 1900 pallets and 5500 CBM of shelving storage.

“We are pleased to be chosen as the logistics service provider for Boston Scientific. Our advanced infrastructure, globally recognised systems, and 14 years of expertise in the healthcare sector have ensured the smooth implementation of this project. We look forward to supporting Boston Scientific’s success in the region,” said Madhav Kurup, Regional CEO IMEA, Hellmann Worldwide Logistics.

Anna Mansurova, Managing Director of Hellmann Calipar Healthcare Logistics, added: “This new multi-user facility is our third expansion and demonstrates Hellmann Calipar’s long-term commitment to providing advanced healthcare solutions in the region. As a market leader, we understand the importance of delivering high-quality services.”

Source: Hellmann

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<![CDATA[ Hellmann Expands Market, Strengthens Finances ]]> Hellmann also successfully executed strategic measures for sustainable international growth in…

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Despite challenging market conditions, Hellmann Worldwide Logistics had a successful year. Order volumes remained stable at around 20m shipments, contrary to the market trend, allowing Hellmann to expand its market position in 2023, particularly in Airfreight and Seafreight. The company also grew internationally in its Contract Logistics division, gaining new customers and establishing new warehouses in the US, Germany, India, and Singapore. With total sales of €3.5bn (2022: €5.0bn), Hellmann achieved solid results in 2023, surpassing pre-pandemic levels. The expected decline in total sales is due to a normalisation of previously high freight rates during the pandemic. Additionally, equity increased by 4.4% to €405m (2022: €388m) and the equity ratio rose from 28% to 35%.

Hellmann executed strategic measures for sustainable international growth in 2023: Alongside extensive investments in IT infrastructure and digitalisation, the company made significant progress in its global growth strategy by establishing a new country organisation in Ireland and making strategic acquisitions in Italy, Slovakia, and the Baltic States.

“Last year saw a significant decline in rates across the industry and overcapacity in many product areas. Despite these challenges, we maintained shipment numbers and gained market share, demonstrating our strength and adaptability in a dynamic market. I am confident in Hellmann’s strategic positioning as I hand over the reins to Jens Drewes at the end of the month,” said Reiner Heiken, Chief Executive Officer, Hellmann Worldwide Logistics.

After joining the company in April, Jens Drewes will assume the role of CEO on June 1st, succeeding Reiner Heiken, who is retiring. “Reiner Heiken has positioned Hellmann very strongly over the past five years and set the course for the future. I look forward to building on this solid foundation with our international management and the entire Hellmann team to further develop the family business and expand our market position,” said Jens Drewes.

“Last year, Hellmann not only gained market share but also strengthened its financial position. This enables us to continue investing in strategic and technological developments, focusing on digitalisation, promoting innovation, especially in environmental sustainability, and investing in our more than 12,000 employees worldwide,” said Martin Eberle, Chief Financial Officer, Hellmann Worldwide Logistics.

Source: Hellmann

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<![CDATA[ Wincanton wins contract with consumer brand company Imetec ]]> Wincanton has signed a new five-year contract with Imetec UK Ltd, a heating technology products company which trades in the UK.

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Wincanton has signed a new five-year contract with Imetec UK Ltd, a heating technology products company which trades in the UK as Dreamland and Bellissima Italia.  

Under the new contract Wincanton will provide warehouse services from its shared user facility in Middlewich, Cheshire, and subcontracted transport services to through EyeQ, our digital transport platform. Imetec will also transfer their UK head office operations to our facilities at Middlewich. 

The new contract will support Imetec’s omnichannel growth strategy in the UK through Dreamland its heated bedding products business and Bellissima Italia, which providing hair care products including hair dryers and straighteners. 

Bobby Watkins, Managing Director, at Imetec said: “We are delighted to start the relationship with Wincanton. We believe that the technology platform and both storage and distribution infrastructure will provide a platform for growth for Imetec for the coming years.” 

James Hurrell, Managing Director, Grocery & Consumer, at Wincanton, said:  “We’re delighted to have signed this new contract with Imetec and we are looking forward to supporting their next phase of growth in the UK with excellent, flexible service. Imetec will benefit from our exceptional track-record of working in partnership with fast-growing consumer brands in the UK and EyeQ, our digital transport platform, which will deliver quality, cost and sustainability benefits for Imetec’s subcontracted transport fleet.” 

Source: Wincanton 

 

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<![CDATA[ Aramex achieves growth in Q1 2024 ]]> Aramex has announced its financial results for the First Quarter (“Q1”) ending March 31, 2024.
In Q1 2024, Aramex reported an 8% year-on-year (YoY) increase in Group Revenues, with strong contributions from all product lines reflecting the strength of its diverse portfolio.

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Aramex has announced its financial results for the First Quarter (“Q1”) ending March 31, 2024.

In Q1 2024, Aramex reported an 8% year-on-year (YoY) increase in Group Revenues, with strong contributions from all product lines reflecting the strength of its diverse portfolio. International Express emerged as a key driver, delivering remarkable volume growth of 44% in Q1 this year compared to the same period in 2023, leading to a revenue increase of 14% YoY. Domestic Express and Freight Forwarding were resilient, with Revenue growing by 5% and 3% YoY respectively. Logistics and Supply Chain Solutions maintained a stable performance in Q1 2024 compared to the same period last year, despite the challenges associated with currency devaluations in Egypt which negatively impacted revenues.

Effective management of the Group’s Selling, General, and Administrative Expenses (SG&A) saw a modest 4% YoY increase in Q1 this year, primarily attributed to increased selling expenses, as well as annual employee compensation adjustments.

Group Gross Profit surged by 10% to AED 395m, in the first quarter of 2024 compared to AED 358m in Q1 2023. EBIT and EBITDA also displayed robust growth, expanding by an impressive 47% and 18% YoY respectively. These gains reflect the Company’s commitment to continuously streamline operations and maximize cost-effectiveness, also evident in improved margins across Gross Profit, EBIT, and EBITDA. Notably, the Gross Profit Margin for Q1 2024 stood at 26%, marking a 70-bps improvement from the same period the previous year, while the EBITDA margin increased by 110 bps to 12% compared to Q1 2023.

The Net Profit for Q1 2024 nearly doubled, reaching AED 47m, marking two consecutive quarters of strong performance. The Net profit margin improved to 3%.

Aramex maintained a strong balance sheet position with Net Debt-to-EBITDA excl. IFRS16 ratio of 0.8x and a healthy cash balance of AED 571m as of March 31, 2024. The Company also improved its working capital and delivered record-low DSOs during the quarter.

Othman Aljeda, Chief Executive Officer, Aramex, said: “Our International Express delivered a 44% increase in volumes YoY in Q1 2024, while Domestic Express delivered a 7% increase, with both driven by new customer wins, as well as seasonality during Ramadan.  Our freight forwarding product grew volumes double digit across land, sea, and air while our Logistics and Warehousing product continued to support customers with 3PL and 4PL activities ensuring efficient logistics and fulfilment of goods in key markets.

During the first quarter of the year, we injected significant volumes into our network while maintaining high service levels. I am proud of my team’s performance and commend the hard work of every Aramexian, for their dedication and capability to handle significant volume growth and heightened consumer activity, seamlessly delivering the level of service our customers value.

Our ongoing investment in automation and operational optimization remains a core advantage and has ensured that our network is agile and responsive to our customer needs and market dynamics. Furthermore, our focus on technologies, such as last-mile route optimization, is yielding results, significantly enhancing operational efficiency. This strategic approach enables us to accommodate increased growth effectively. “       

Commenting on the outlook for 2024, Mr. Aljeda continued: “Looking ahead, we anticipate Q2 and Q3 2024 to continue to deliver volume growth YoY, albeit at a softer rate compared to the levels seen during the peak seasons in Q1 2024 and in Q4 2023 due to seasonality. We will continue to manage our cost base and SG&A to ensure profitable growth. Our focus remains on working towards our long-term ambition, which involves delivering quality service and enhancing our operational efficiency to meet the evolving needs of all our stakeholders.

From a capital allocation perspective, our priority for this year is debt repayment of approximately USD $50-70m, to lower our interest expenses in today’s high-rate environment. We will also maintain capex at similar levels to last year, to continue investments in critical projects such as warehouse expansion, automation, and technology rollout.”

*1 AED = 0.27 USD

Source: Aramex

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<![CDATA[ Maersk launches air freight gateway in Miami to serve U.S., Asia and Latin America ]]> Maersk expanded its air freight operations footprint with the April activation of a full-service, in-transit gateway solution in Miami.

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Maersk expanded its air freight operations footprint with the April activation of a full-service, in-transit gateway solution in Miami. This new air freight facility underscores Maersk’s commitment to providing connectivity to major Latin American markets. The Miami gateway will serve as a strategic node in Maersk’s global air freight network.

“Our Miami expansion is a vital and strategic addition to our global gateway network, providing connectivity from Asia, Europe, and the US to Latin America,” said John Wetherell, Global Head of Air Freight Forwarding at Maersk.

The new gateway, modeled after operations in Atlanta, Chicago, and Los Angeles, will focus on transhipping European and Asian cargo via Miami to Latin America with competitive connectivity on freighter and passenger capacity. It will support the North American export market to Latin America and the Asian market that serves the Latin American supply chain via cost competitive U.S. routes.

Fully staffed by in-house Maersk Air Freight forwarding professionals, the 90,000 sq ft facility (8,000 sq m) is expected to have significant southward flows and offers key certifications, including U.S. Customs bonded Container Freight Station (CFS) and Certified Cargo Screening Facility (CCSF).

Brent Mayhew, Regional Head of Air Freight for North America, highlighted the benefits of the new services for customers moving time-sensitive, high-value cargo, stating “Adding to our global gateway network, this addition in Miami provides our customers with substantial added value, leveraging structured routing within a gateway environment. This includes seamless truck connectivity through our North American station network, ensuring efficient and reliable integrated logistics solutions.”

Fabio Acerbi, Regional Head of Air Freight for Latin America, sees the new facility adding a layer of cost-effective predictability for Maersk’s Asian customers looking to serve Latin American supply chain needs, adding: “Our Miami Gateway offers an alternative routing option that can provide predictable transit times from our global network, improving connectivity, flexibility, and reliability. It supports the North American and Asian export market, opening new possibilities for our customers in Latin America.”

Maersk’s air freight cargo coverage extends to 70,000 airport pairings across more than 90 countries around the world.

 

Source: Maersk

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<![CDATA[ C.H. Robinson achieves a breakthrough in automation ]]> C.H. Robinson has automated transactions that many shippers still conduct by email. It breaks a long-standing barrier to automation and gives shippers who use email the same speed-to market and cost savings as shippers who are more digitally connected.

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C.H. Robinson has automated transactions that many shippers still conduct by email. It breaks a long-standing barrier to automation and gives shippers who use email the same speed-to market and cost savings as shippers who are more digitally connected.

Using artificial intelligence, C.H. Robinson’s new technology classifies incoming email, reads it, and replicates the steps a person would take to fulfill a customer’s request. For example, shippers often still choose to send an email asking for a price quote rather than log into a digital platform. On an average business day, the global logistics company receives over 11,000 emails from customers and carriers requesting pricing on truckload freight.

“Our customers can get instant price quotes through our Navisphere platform or any of the 35 largest TMS or ERP systems we’re integrated with. But for someone like a busy warehouse manager with unexpected spot freight or freight in a new lane, an email can just feel easier. Email works the same for everybody. It doesn’t ask for your password. There are no fields to fill in”, said Mark Albrecht, Vice President for Artificial Intelligence. “Before generative AI, replying to that email request defied automation. Customers had to wait for a human just to pass along a quote from our Dynamic Pricing Engine. Now, our new technology reads the email and supplies the quote in an average of 2 minutes 13 seconds. C.H. Robinson is doing this at scale, leaving our people more time to help those same customers with more complex requests.”

While the technology is replying to 2,000 customer quote requests a day, it opens the door to automating other transactions shippers and carriers choose to do by email. The large language model (LLM) the technology uses can be trained to identify an email about a load tender, a pickup appointment or a shipment tracking update.

For spot quotes, C.H. Robinson has already trained the model to differentiate between a quote request for truckload, less-than-truckload (LTL), intermodal or air freight.

So far, 2,268 of C.H. Robinson’s truckload customers are getting the benefits of automated email quotes. The faster a shipper gets a price quote and secures a carrier to pick up their freight, the less likely they’ll need to pay a premium. Speed matters in the spot market because most carriers are regional and only so many are working a given shipping lane on a given day. MIT research shows that shippers delayed in getting to the spot market can end up paying 23% to 35% extra on their shipment.

C.H. Robinson developers are now working on applying the technology to LTL price requests, which will be especially valuable to the company’s portfolio of small-business customers that rely on email. A pilot using AI for price requests on expedited freight is also underway, with automotive customers that ship parts critical to just-in-time manufacturing.

“After automating so many other types of customer transactions, you could call email the last mile,” said Arun Rajan, Chief Operating Officer. “We’d been exploring how to automate email requests for a couple of years through natural language processing and machine learning, but it would’ve been insanely hard and expensive. Then generative AI arrived, and we developed this automation technology so fast because we already had training data ready to go. The good news for our customers is that they still get what they need using email, while our supply chain experts are freed up to do work that’s higher value for them, our customers, and our company’s growth.”

Source: C.H. Robinson

 

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<![CDATA[ Bolloré Logistics signs a contract for medical shipment ]]> Bolloré Logistics Aid & Relief team in UAE has been awarded a contract to facilitate the transportation of temperature-controlled medicine from Dubai to Kabul for a humanitarian organization.

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Bolloré Logistics Aid & Relief team in UAE has been awarded a contract to facilitate the transportation of temperature-controlled medicine from Dubai to Kabul for a humanitarian organization. The latter relied on a shipment of 180 tons of temperature-sensitive medication, necessitating meticulous planning and execution to guarantee optimal efficiency and cost-effectiveness. In response, the team in Dubai orchestrated two consecutive charter flights to Kabul to airlift the medicines.

The success of these operations was made possible through close collaboration with a trusted charter operator, leveraging their expertise and resources to execute the mission seamlessly. State-of-the-art Boeing 747-700 freighters were used, ensuring the safe and reliable delivery of life-saving medicines within the required time frame.

Acknowledging the significance of teamwork in achieving many milestones, Bolloré Logistics extends gratitude to its colleagues in Malaysia for their effective coordination with the humanitarian organization which greatly contributed to streamlining the logistics chain and overcoming challenges. Our Malaysian team’s dedication is instrumental in managing shipments worldwide, highlighting their essential contribution to our operations.

The successful execution of the transportation of essential medicines to Kabul exemplifies our unwavering commitment to humanitarian causes.

Source: Bolloré Logistics

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<![CDATA[ Kuehne+Nagel expands spare parts logistics for the automotive industry ]]> Europe/Berlin Kuehne+Nagel Germany As…

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Kuehne+Nagel now oversees a 170,000 sq m centre for the fulfilment and distribution of spare parts in automotive industry in Wallersdorf, Germany.

From this hub, spare parts are dispatched to BMW markets globally. Kuehne+Nagel handles the physical reception of goods, pre-packaging, management of packaging materials and empties, as well as loading goods onto shuttles for delivery to BMW parts distribution sites.

Additionally, at the Dingolfing and Bruckberg facilities, Kuehne+Nagel manages the logistical operations for BMW spare parts destined for global distribution. These sites supply regional distribution centres worldwide, which, in turn, ensure timely delivery to local BMW dealerships.

With approximately 1,700 employees across various locations worldwide, Kuehne+Nagel significantly aids the BMW Group in spare parts logistics.

“We are delighted to expand our role in spare parts logistics for the BMW Group,” remarks Tobias Jerschke, National Manager of Kuehne+Nagel Germany. “We assist our customer in enhancing efficiency in spare parts supply and adapting more flexibly. Our expertise in this field and the growing trust between our teams are key factors in this endeavour.”

Source: Kuehne+Nagel

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