News / Profits rise as Agility continues to forge ahead with digital development

Agility, which is aligning itself in the ‘digital’ forwarder category, has announced a mixed set of results for its third quarter, as challenges in the freight forwarding industry hit its logistics division. 

Its Global Integrated Logistics (GIL) business saw ebitda fall 1% year on year to KWD7.8m ($25.6m), which, the company said, was down to increased operating expenses for new facilities and new digital investments. 

But the biggest surprise was a 15.8% fall in air freight tonnage – way beyond the industry average. IATA’s ...