Latest news with #GEODIS
The Herald Scotland
12-06-2025
- Business
- The Herald Scotland
China's imports plunge as trade talks conclude
Through February and March, overall imports to the U.S. hit record highs as traders anticipated rising tariffs. But under the withering tariff rates President Donald Trump announced on April 2, what he called "Liberation Day," that overall import number plunged from more than $340 billion in March to just $273 billion in April. "People were importing in anticipation of the imposition of tariffs. Then, when he made the Liberation Day announcement, everything collapsed," said Marcus Noland, executive vice president and director of studies at the Peterson Institute for International Economics, a think tank based in Washington, D.C. "China is just the best example because when the United States does something, China retaliates. And so that's why we got into the escalatory spiral and ended up with triple-digit tariffs," Noland added. "People couldn't import. Some people literally did not have the money to pay the import tariff." Ocean freight volumes from China to the U.S. fell sharply in April, down 34% from a year earlier, according to Kristy Garcia-Quintela, director of ocean freight at GEODIS, a global logistics company. "34% is pretty big," said Garcia-Quintela, who added the U.S. demand for global ocean shipping saw a 6% decline in April compared to the same month last year. Besides Chinese imports dropping to a post-pandemic low, shipments from the United States' other largest trading partners - the European Union, Mexico, and Canada - also fell in April. Purchases from the European Union, for example, dropped in April to $53 billion after surging to an all-time high just a month earlier at nearly $82 billion. Despite a partial pullback in tariffs and ongoing trade talks, the trade tensions still remain high, and experts expressed concerns about the road ahead. "The truly catastrophic tariffs that were announced on Liberation Day have been avoided, but it's not like everything is looking good right now," said Noland, the economist. (This story has been updated to reflect new events.)
Yahoo
10-06-2025
- Business
- Yahoo
GEODIS Launches Two Complementary Returns Solutions to Optimize Reverse Logistics Experience for Customers
NASHVILLE, Tenn., June 10, 2025 /PRNewswire/ -- GEODIS, a leading global logistics provider, today announced the launch of two new returns solutions: a returns workflow automation module to simplify the customer initiation process and a returns management module to optimize the handling of inventory once inside the warehouse. As the rate of returns continues to increase industry-wide largely as a byproduct of e-Commerce growth, GEODIS is introducing the new solutions to meet demand as retailers seek to improve their reverse logistics strategies. The best-in-class solutions are intended to be leveraged together to enhance the overall product returns cycle, but the modules can also operate independently. The returns workflow automation module is a user-friendly, self-service portal that allows the end consumer to easily create a return shipping label to initiate the return or exchange without requiring the shipper's involvement. This label generation serves as the advanced shipping notice for GEODIS to receive the product, eliminating the need for it to be manually created in the warehouse management system. The technology was designed to enhance the returns experience for both GEODIS customers and the end consumer by improving speed, reducing cycle time and optimizing costs. As a cloud-native solution, the consumer-centric software integrates with popular e-Commerce platforms like Shopify, BigCommerce, WooCommerce and Magento to provide end-to-end visibility throughout all stages of the process from returns creation to product disposition to refund. GEODIS clients can personalize the portal with their own branding elements including logos, colors, fonts and messaging. The highly configurable solution also empowers clients to customize returns policies according to their specific requirements, driving consistency in the customer experience. Additionally, the new solution features advanced and configurable reporting capabilities. Through a multilingual portal that supports English, Spanish and Portuguese, GEODIS clients based in the U.S., Canada and Latin America ultimately have access to a localized returns experience for consumers. "As e-Commerce has surged in recent years, the topic of returns has become business critical for our clients to optimize efficiency, profitability and the overall customer experience," said Pal Narayanan, Executive Vice President, Chief Information Officer at GEODIS in Americas. "We designed our new returns modules to be highly adaptable and scalable to cater to our clients' wide range of needs to help enhance their reverse logistics strategies to have an advantage in today's quickly evolving landscape." The complementary returns management module was designed to optimize the reverse logistics process inside the warehouse following product initiation. Once a return is received, the module quickly assesses the product and its value. From there, the item is categorized as suitable to reintroduce to inventory, refurbish or discard due to damage. Retailers can customize how items should be classified and processed within the module to align with their returns strategies. The module also offers critical, real-time visibility into inventory levels along with robust reporting capabilities, such as SKU-level insights that can identify which products are returned most frequently to identify potential issues. The module's reporting capabilities can help enhance a retailer's overall operations, including sustainability efforts, by identifying consumer returns patterns and trends. For example, data-driven insights can assist retailers in stocking more efficiently, determining which returns are suitable to re-enter inventory to decrease the unnecessary disposal of items, and identifying product issues to lower the likelihood of returns (reducing associated emissions and packaging materials). Both the returns workflow automation module and returns management module are now available to GEODIS contract logistics and transportation customers in the Americas region. To learn more, visit GEODIS – GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in four lines of business: Global Freight Forwarding, Global Contract Logistics, Distribution & Express Transport, and European Road Network. The Group operates a global network spanning nearly 170 countries and 50,000 employees. In 2024, GEODIS generated €11.3 billion in revenue. GEODIS is a company owned by SNCF group. Media CONTACTLauren McKirganFINN Partners for GEODISTel. +1 615 780 View original content to download multimedia: SOURCE GEODIS
Yahoo
02-06-2025
- Business
- Yahoo
GEODIS Launches GEODIS AirSmart: A Smarter, Sustainable Air Freight Solution
LEVALLOIS-PERRET, France, June 2, 2025 /PRNewswire/ -- GEODIS is proud to announce the launch of GEODIS AirSmart, a new low-carbon solution designed to reduce greenhouse gas (GHG) emissions related to air freight by leveraging performance. The launch takes place today at Transport Logistic trade fair in Munich, one of the industry's leading events. By selecting the most energy-efficient aircraft and optimizing routing, GEODIS AirSmart significantly reduces GHG emissions. Leveraging external flight data and advanced analytics tools, the solution enables smarter routing decisions while enhancing performance. This innovation marks a new step forward in GEODIS' route to decarbonization and to support its customers in achieving their climate goals. It also aligns with GEODIS' pledge to reduce absolute air freight emissions by 25% by 2030. Emission savings through GEODIS AirSmart are available to all customers via its digital platforms, offering tangible and comparable environmental progress. It's a unique key differentiator in the freight forwarding industry increasingly focused on carbon-conscious performance. "We're thrilled to introduce the launch of GEODIS AirSmart, our new innovative solution that combines high performance with reduced emissions in air freight. It's smart, it's sustainable, and it's a game-changer for GEODIS and our customers," said Henri Le Gouis, EVP, Global Freight Forwarding at GEODIS. GEODIS also plans to expand its maritime offering by deploying a complementary solution based on a similar approach to lower emissions related to ocean freight. GEODIS – GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in four lines of business: Global Freight Forwarding, Global Contract Logistics, Distribution & Express Transport, and European Road Network. The Group operates a global network spanning nearly 170 countries and 50,000 employees. In 2024, GEODIS generated €11.3 billion in revenue. GEODIS is a company owned by SNCF group. MEDIA CONTACTMarion LamureGEODIS Group Communications DepartmentTel. +33 (0)6 5968 View original content to download multimedia: SOURCE GEODIS
Yahoo
15-05-2025
- Business
- Yahoo
ARGAN finalized the refurbishment and extension of a fulfilment centre for GEODIS in Toulouse
ARGAN finalized the refurbishment and extension of a fulfilment centre for GEODIS in Toulouse ARGAN is taking part in the growth of its client-tenant 'GEODIS' with the delivery of an extension of its Bruguières (31) fulfilment centre. On top of extending the total built area to 14,000 sq.m, these works were an opportunity to refurbish the existing building and to thus give an even longer-term perspective to the partnership with GEODIS through a new fixed-term lease of 12 years. Photo credits: ARGAN An innovative project aimed at extending the width of the fulfilment centre GEODIS started its operations in the fulfilment centre of Bruguières in 2003, in the 'Haute-Garonne' French department. The logistics flows of this site are linked to the French-department level platforms of the South-West region. It is thus ideally located for the business of logistics platforms and fulfilment centres, a few kilometres at the North of Toulouse and along the A62 French highway. With an increased business volume, GEODIS was looking for additional surface. ARGAN and GEODIS worked together on an option for an extension of the existing site, leading to an added area of 2,900 sq.m on the fulfilment centre for new spaces. The total surface of the building is now 14,000 sq.m. The shape of the land did not leave room for a traditional extension along the length of the building, this is why ARGAN and GEODIS teams thought of innovative extension plans along the width of the building. This also enabled ongoing full operations of the site during the phase of extension works. Now that works have ended, 157 docks equip a large freight terminal hall whose area has been increased to 12,100 sq.m. Improved environmental footprint of the site The extension of the building was an opportunity to enhance the existing part, including the office bloc of a size of 1,900 sq.m, the road infrastructure, as well as the equipment of the docks. These works also helped strongly reduce the energy footprint of the site, in particular by installing a photovoltaic power station for GEODIS' self-consumption and a Building Management System (BMS). Lastly, metal halide lamps were replaced by smart LED ones dedicated to presence sensing and light intensity monitoring. The delivery of this extension marks the start of a fixed long-term lease of 12 years, thus underlying the strength of the partnership between GEODIS and ARGAN. Ronan Le Lan, Chairman of ARGAN's Executive Board: 'ARGAN conducted this extension while operations on the site were still ongoing with an original approach along the width of the building. This demonstrates our company's willingness and ability to design innovative and tailor-made solutions for our clients to meet their needs and take part to their growth.' 2025 financial calendar (Publication of the press release after closing of the stock exchange) July 1: Net sales of 2nd quarter 2025 July 17: Half-year results 2025 October 1: Net sales of 3rd quarter 2025 2026 financial calendar (Publication of the press release after closing of the stock exchange) January 5: Net sales of 4th quarter 2025 January 22: Annual results 2025 March 26: General Assembly 2026 About ARGAN ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France. Building on a unique customer-centric approach, ARGAN develops PREMIUM and Au0nom® -labelled – i.e., carbon-neutral in use – pre-let warehouses for blue-chip companies, with tailor-made services throughout all project phases from the development milestones to the rental management. As at December 31, 2024, ARGAN represented a portfolio of 3.7 million sq.m, with about a hundred warehouses solely located in the continental area of France. Appraised at a total of €3.9 billion, this portfolio generates a yearly rental income of close to €205 million (yearly rental income based on the portfolio delivered as at Dec. 31, 2024).Profitability, well-mastered debt and sustainability are at the heart of ARGAN's DNA. The financial solidity of the Group's model is notably reflected in its Investment-grade rating (BBB- with a stable outlook) with Standard & Poor's. ARGAN is also deploying a committed ESG policy addressing all its stakeholders. Achievements as part of this roadmap are regularly recognized by third-party agencies such as Sustainalytics (low extra-financial risk), Ethifinance (gold medal) and Ecovadis (silver medal – top 15% amongst rated companies).ARGAN is a listed real estate investment company (French SIIC), on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG) and is included in the Euronext SBF 120, CAC All-Share, EPRA Europe and IEIF SIIC France Francis Albertinelli – CFO Aymar de Germay – General SecretarySamy Bensaid – Head of Investor RelationsPhone: +33 1 47 47 47 40 E-mail: contact@ Marlène Brisset – Media relationsPhone: +33 6 59 42 29 35E-mail: argan@ Attachment 20250515 - Delivery Bruguieres GeodisError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-03-2025
- Business
- Yahoo
US companies race to secure import tariff exemptions after Trump pause
By Abhinav Parmar (Reuters) - Washington's temporary relief for import tariffs on goods covered under the U.S.-Mexico-Canada Agreement (USMCA) has triggered a spike in US companies seeking exemption under the trade deal, industry experts said. The White House slapped fresh 25% tariffs on goods from Canada and Mexico on March 5, but later announced that levies on goods covered under the USMCA would be delayed until April 2. The USMCA grants preferential treatment to goods either sourced from or having a minimum percentage of value added in any of the three countries. "We're seeing importers rush to become USMCA certified ... the risk is just too high not to," said Brian Riley, senior vice president of customs house brokerage at logistics firm GEODIS. Some of the companies, mostly small businesses reliant on cross-border trade, are scrambling to verify if their products already qualify for exemptions. At present, only 37.8% of imports from Canada and 48.9% from Mexico are eligible for duty-free status under the USMCA, an S&P Global Market Intelligence report showed. To qualify, an importer must analyze the bill of materials - a list of all parts and materials used in a product - to determine if their goods meet requirements. Mike Short, president of Global Forwarding at freight forwarder C.H. Robinson, said there was an increase of USMCA qualification and tariff classification requests even before the official announcement. "Now that the official amendments are published, these requests have only increased, and we expect this trend to continue." Businesses earlier refrained from getting the certification due to its complexity and costs of meeting requirements, especially since their goods were already entering the U.S. duty free. Even after certification, a company has to maintain detailed records for up to five years after import and ensure continued compliance. "Companies are hedging their bets by becoming USMCA certified because what's to say the exemption may not continue after April 2? Or, if the exemption expires then, what if it returns in the near future?" GEODIS' Riley said. The uncertainty has prompted companies to overlook immediate cost-savings. "If you are slapping 25-50% tariffs on everything, companies that never previously needed to are now forced to evaluate if this (USMCA certification) is an option," said Sung Choi, vice-president of product management at supply chain solutions provider e2open.
