BOC releases implementing rules for accreditation of importers, brokers

Updated on May 4 to reflect the effectivity of the memo. The Bureau of Customs (BOC) has issued implementing rules for the accreditation of…

Vietnam exempts 3 airlines from import tax

The Vietnamese government is extending to three airlines—Cathay Pacific Airways, FedEx Corp. (FedEx), and Japan Airlines (JAL)—an exemption from import tax. This after Deputy Prime…

Royal Cargo strengthens cold chain services with active cooling containers

Royal Cargo, Inc. is adding active cooling containers to its cold chain solutions for airfreight movements in the Philippines, in line with efforts to…

LBC posts 7% hike in 2017 income

LBC Express Holdings, Inc. (LBCEH) reported a 7% increase in net income for 2017 to P984.922 million from P20.249 million in 2016 as a…

UPS delivers double-digit earnings, revenue growth in 1Q 2018

Atlanta-based United Parcel Service (UPS) announced that first-quarter 2018 earnings per share (EPS) rose 17% to US$1.55 and net income increased 15% to $1.345…

Panalpina improves overall results, still makes a loss in ocean freight

Global supply chain company Panalpina reported an encouraging start into 2018 as profitability per transported unit increased in both air and ocean freight in…

CMA CGM to carve bigger logistics presence by buying a stake in Ceva

French shipping giant CMA CGM announced it has reached an agreement to acquire an equity stake of nearly 25% in logistic company Ceva Logistics…

Victory Group banks on strong logistics growth to power business

In the highly competitive field of Philippine logistics, newcomer supply chain solutions provider Victory Group of Companies believes there is more than enough room…

BOC extends suspension of rules on balikbayan box imports

The Philippine Bureau of Customs (BOC) has extended the suspension of its 2016 guidelines implementing duty- and tax-free importation of consolidated balikbayan boxes until…

PH Bureau of Plant Industry eyes trial run of ePhyto system by Q2

The Philippine Bureau of Plant Industry (BPI) will implement an electronic system that will automate the application and release of phytosanitary certificates in a…

2GO seeks to merge with NENACO

2GO Group, Inc. disclosed plans to merge with parent company Negros Navigation Corp., Inc. (NENACO). In a regulatory disclosure, 2GO said that at the…

INTTRA expands carrier network with NAMSUNG Shipping

INTTRA, the largest neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced an expansion of…

Miascor seeks to compel Cebu airport operator to honor contract of award for ground-handling services

Miascor Groundhandling Corporation recently filed an injunction against Mactan-Cebu International Airport (MCIA) operator GMR Megawide Cebu Airport Corporation (GMCAC) that would compel it to…

PMTLAI, BDO agreement supports logistics industry’s e-payment initiatives

The Philippine Multimodal Transport and Logistics Association Inc. (PMTLAI) recently signed a memorandum of agreement with BDO Unibank. Under the MOA, BDO will support…

M Lhuillier, Airspeed International ink partnership agreement

M Lhuillier Financial Services, Inc. and Airspeed International Corporation have entered into a partnership involving M Lhuillier’s latest product, ML Kargo Padala. The service…

Cavite Gateway Terminal soft opening seen in Q2

The Cavite Gateway Terminal (CGT), the country’s first container roll-on/roll-off barge terminal in Tanza, Cavite, will start soft operations by the second quarter of…

April 1 truckers’ planned protest vs some foreign carriers on hold

The Alliance of Truckers and Customs Brokers has temporarily suspended its April 1 protest plan that would have stopped its members from accepting and…

Enough container yards for return of empties, CMA-CGM, APL, Hyundai, TS Lines tell PH clients

Shipping lines CMA CGM and APL as well as Hyundai Merchant Marine and TS Lines assured clients they have adequate container yards within Metro…

LBC eyes purchase of shares in Orient Freight, QUADX

Logistics, courier, and remittance company LBC Express Holdings, Inc. (LBCEHI) will acquire shares in two companies—a logistics and warehousing firm and an e-commerce company—for…