Latest Updates

VIDEO: Supporting Humanitarian Partners in the Philippines

Agility is a member of the global Logistics Emergency Teams (LETs) that responded with disaster relief logistics support when Typhoon Haiyan hit Eastern Philippines in November 2013.

To watch the video and learn more about our CSR efforts in the Philippines, please click on this link.

Posted in Agility General Update

We have moved to www.agility.com

Dear Agility customer,

Today, we launched our new website www.agility.com. We designed our website to better serve your needs through:

•    Easy access to our customer tools, including Agility Track and Trace, and access to the Agility Portal, a customizable suit of tools to help you manage and view your entire supply chain.

•    100 country pages with key facts and figures about our operations around the world.

•    Customer case studies throughout the site to give you specific examples of our expertise in action.

•    Access to information about key logistics products and services, as well as information about Agility’s portfolio of logistics-related companies operating in emerging markets.

•    News stories and blogs that tackle important trends in the logistics industry.

•    Several options to stay connected, including a downloadable mobile app that allows you to track your shipment, use a carbon calculator, and access breaking news about supply chain disruptions.

We take this opportunity to inform you that our company email addresses have changed to @agility.com. However, addresses sent to the old address, @agilitylogistics.com, will continue to be delivered. We hope you enjoy our new website, and always welcome your feedback on how we can serve you better. Thank you.

Posted in Agility General Update

Operations Update – Extreme Port Terminal Congestion at Port of Hamburg, Germany

Please be informed that the Port of Hamburg in Germany is currently experiencing a very high utilization rate at its container terminals due to the late arrivals of vessels caused by bad weather conditions and short-term re-routing. The port is also experiencing a storage shortage and higher container dwell times. Furthermore, road works are disrupting traffic around the port and causing delays in import and export container deliveries. Trucking companies have announced a Traffic Congestion Surcharge for all transportation to and from the port, and within Hamburg. This surcharge is expected to be effective in April 2014.

Posted in Agility General Update, Europe, Road Freight, Sea Freight

Agility Wins Major UK Defence Event Contract; Will be Official Forwarder, On-site Handler at DSEI 2015, 2017

Agility has been awarded the contract to provide logistics services at the prestigious Defence & Security Equipment International (DSEI) events in 2015 and 2017 in London. DSEI is one of the world’s leading defence and security supply chain exhibitions. Learn More

Posted in Agility General Update, Defense & Government Services, Europe, Events, Industry Event

Operations Update – Strike by Lufthansa Pilots’ Union in Germany from April 1–4

Please be informed that the Lufthansa pilots’ union “Vereinigung Cockpit” (VC) has announced a three-day strike from April 1 at 22:00 GMT to April 4 at 21:59 GMT. The strike will affect Lufthansa Cargo services at all airports in Germany. Severe interference with flight operations is expected, leading to delays in inbound and outbound shipments.

Please visit the Lufthansa Cargo website to see a special timetable that was created to minimize the impact of the strike. If you have any questions, please contact your local Air Freight contact in Germany. Thank you.

Posted in Agility General Update, Europe

Operations Update – Strike at Frankfurt Airport on March 27

Please be informed that ground staff at Frankfurt Airport Operator FRAPORT plan to go on strike on Thursday, 27 March. Although the schedule and extent of the strike
are unknown, significant interference with flight and truck operations at
Frankfurt Airport is expected, leading to delays in inbound and outbound
shipments. If affected by flight cancelations, export shipments will be re-booked
on the next possible connection. Imports shipments will proceed once the
situation is back to normal. Please contact your customer service representative
if you have any questions. Thank you.

Posted in Agility General Update

Agility’s Earnings Release for the Fourth Quarter and Full Year of 2013

Agility’s Financial Results for Q4, 2013

Agility (AGLTY) today announced its financial results for the fourth quarter 2013, reporting a net profit of KD 12.4 million, an increase of 29% compared to the fourth quarter of 2012. Revenues for the fourth quarter stand at KD 342.9 million, and EBITDA at KD 25.1 million.

Full year results 2013

For the full year ended December 31, 2013, net profits stand at KD 46.2 million, or 44.28 fils per share; an increase of 37% over the full year of 2012. Revenues and EBITDA were KD 1.4 billion and KD 94.0 million, respectively.

The Board of Directors proposed a dividend distribution of 40% cash and 5% bonus shares for fiscal year 2013.

“Agility is continuing to gain strong ground. We will continue to grow along two main fronts. One, by improving performance in the core Global Integrated Logistics (GIL) business through technology-driven transformation, ongoing focus on global accounts and field sales, and maintaining financial discipline. Two, by growing the individual companies within our Infrastructure portfolio, expanding their geographic reach, and diversifying their customer base. Our diversified business model allows us to hedge risk and take advantage of niche market segments in emerging markets, while making steady progress in improving our underlying business,” said Tarek Sultan, Agility’s CEO.

Agility’s Core Business: Global Integrated Logistics

Revenue for Agility Global Integrated Logistics (GIL) for the full year 2013 was KD 1.13 billion, a decrease of 4.5% from FY 2012. Revenues declined due to underlying challenges in the freight forwarding industry, including difficult air freight conditions and falling ocean freight rates despite increased volume. That said, GIL improved its net revenues margin from 21% in 2012 to 22% in 2013 by driving productivity improvement in its business.

“Going into 2014, our strategic priorities remain clear and consistent. We will continue to strengthen our sales channel strategy around global and strategic accounts and field sales, develop our trade lane program, and further sharpen our growth strategy in our Project Logistics business. We will build on the momentum we have gained in driving productivity improvements through technology-driven transformation, and continue to maintain financial discipline and a streamlined administrative structure. Throughout, we will develop our people to lead against these objectives, and drive a culture of accountability across all parts of our business. The economic outlook may be uncertain, but we will continue to focus on what we can control,” said Sultan.

Agility’s Infrastructure Group

Agility’s Infrastructure companies contributed KD 257.1 million to full year 2013 revenue, a 6% increase over 2012.

Each Infrastructure business is different; with its own brand, management, and way forward. Agility Real Estate, the largest contributor to the Infrastructure group, grew its revenues by 16% in 2013, compared to 2012. Tristar, an integrated liquid fuels logistics company, achieved a 12.5% growth in 2013. National Aviation Services (NAS) and United Project for Aviation Services (UPAC) jointly achieved a 14% revenue growth in 2013.

Significant contract wins achieved by the Infrastructure companies in 2013 included GCC Services’ USD 320 million contract to support peacekeeping operations in Darfur, NAS’s USD 200 million contract to manage three airports in Afghanistan, and Tristar’s USD 200 million contract to support a global oil major.

“Our Infrastructure companies are important to our overall growth strategy. They are strong contributors to financial performance in their own right, and they allow us to take advantage of niche market segments in emerging markets, where the risks and rewards tend to be higher,” said Sultan. “We have seen steady year on year growth in our portfolio of companies, and we are excited by the potential of other investments we have made, like KOREK, one of three telecommunication providers in Iraq, and our investment in Gulf Warehousing Company (GWC), the largest logistics player in Qatar.”

Recap of Financial Performance for FY 2013

  • Agility net profit stands at KD 46.2 million, a 37% increase from KD 33.7 million in 2012. EPS was 44.28 fils, compared to 32.21 fils a year earlier.
  • EBITDA stands at KD 94.0 million, a 19% increase from the year before.
  • Agility revenues for the FY 2013 are KD 1.37 billion, a decrease of 3% from KD 1.4 billion in the same period in 2012. Agility’s Net revenues increased by 4.4% over the same period.
  • GIL revenue stands at KD 1.13 billion, a 4.5% decrease from KD 1.18 billion a year earlier.
  • Infrastructure revenue was KD 257.1 million compared with KD 242.8 million a year earlier, a 6% increase from 2012.
  • Agility enjoys a healthy balance sheet, with a net cash position of KD 82 million, and free cash flow of KD 57 million.

Forward View

“We promised our shareholders sustainable growth, and we are delivering on that promise. Going forward, we will continue to drive change in the Global Integrated Logistics (GIL) business so that it becomes a truly integrated network that performs on par with its peers. We will continue to develop and grow our Infrastructure portfolio of companies. And we will stay open to “opportunistic” acquisitions of high-performing, cash flow-positive businesses in emerging markets that realize immediate financial value for the company.

We have come a long way as “Agility” in the seven years since we took that name and developed the brand. We look, feel, and are, very different from our competition. We are the only top industry player that got started outside of Western Europe or the U.S. Our heritage and coming-of-age was in emerging markets.. Our culture is unique. We are open to opportunities in parts of the world where others are wary to operate, and we are willing to invest our capital in order to realize gains for our customers and our shareholders. We empower local management and encourage on-the-ground decision making that is fast and responsive to customer needs. We understand the power of relationships. We believe in living personal service, for our customers and for our communities. And we are no strangers to change. We acquired more than 40 companies in less than a decade, and pivoted sharply to reshape our business after the global recession in 2008.

As always, I would like to thank our shareholders, customers and employees for their continuous support,” said Sultan.

Posted in Agility General Update, Press Tagged , , ,

Nokia Presents Agility with Sustainability Award

Agility was recently awarded Nokia’s annual sustainability award for a supply chain
innovation that helped the global telecommunications company slash costs and
CO2 emissions. Agility’s Goods-in-Transit Centers (GIT-Cs) reconfigured
shipments of goods arriving from Nokia production plants, cutting the carbon
footprint of the shipments by 6% to 9% without increasing delivery times. Agility
also developed consolidation hubs designed for high-efficiency packaging in
India, Hungary and Brazil. Learn More.

Posted in Certifications and Awards Tagged , , , , , , ,

Agility Emerging Markets Logistics Index 2014 Suggests Optimism Despite Emerging Markets Slowdown

Growth opportunities offered by emerging markets outweigh concerns about the political and economic turmoil that rattled some developing countries in 2013, a survey of global logistics and trade executives shows. The fifth annual Agility Emerging Markets Logistics Index surveyed more than 800 industry executives and offers a view at the world’s most dynamic economies and the forces powering them. The survey examines and ranks 45 major emerging markets and identifies the attributes that make a market attractive for investment by logistics companies, air cargo carriers, shipping lines, freight forwarders and distribution companies. The Index also looks at the inter-relationships among emerging economies and at trade flows between the emerging and developed worlds.

Learn More

Click here to download the Agility Emerging Markets Logistics Index 2014 report.

Posted in Agility General Update Tagged ,

Update on Thailand

The Thai government has announced a 60-day state of emergency in the capital, Bangkok, and its surrounding provinces, from 22 January 2014 to 22 March 2014 to cope with political unrest. As of today, there is minimal impact to operations but delays in transit time may be expected.

We are closely monitoring the situation and will keep you updated on any further developments.

Posted in Agility General Update, Asia Pacific, Freight Forwarding Tagged , , ,