UPS posts Q1 gains but falls short of estimates

Atlanta-based United Parcel Service (UPS) announced first quarter 2012 earnings per share of $1, a 10 percent improvement over the prior-year period that however…

PH cargo handlers see 6-8% growth in cargo volume

The Philippine Chamber of Arrastre and Stevedoring Operators (PCASO) expects its members’ cargo volume and revenues to each rise from 6%-8% this year. PCASO,…

CEVA opens freight management office in Romania

CEVA Logistics, a global supply chain company, has opened new premises in Bucharest, Romania, strengthening its freight management platform in Eastern Europe. Strategically located…

SDV to represent Swire Shipping new service into East Timor

SDV East Timor has been appointed to represent Swire Shipping new service in East Timor. Swire Shipping is the brand name for all liner…

Ceva widens cross-border LTL network in Asia

Global freight forwarder Ceva Logistics is widening its less-than-truck-load (LTL) services in Asia-Pacific to bolster its cross-border road freight business in the region. The…

PH truckers seek nationwide cost-recovery rate adjustment

The Philippine Chamber of Arrastre and Stevedoring Operators (PCASO) has filed for a nationwide cost-recovery rate adjustment before the Philippine Ports Authority (PPA). The…

Cost hikes, EU fine trim Kuehne + Nagel Q1 earnings

Global logistics company Kuehne + Nagel reported “unsatisfactory results” for the first quarter of 2012, as cost increases, lower margins, and a one-off antitrust…

13 freight forwarders slapped with $225-M fine for price-fixing

The European Commission fined 13 major logistics companies a total of EUR169 million (US$225 million) for participating in four distinct cartels from 2002 to…

PH truckers seek stop to apprehension of trailers with white plates

The Confederation of Truckers Association of the Philippines (CTAP) is seeking indefinite moratorium on the apprehension of trailers or chassis sporting white plates. Such…

LBC is PH’s top domestic airfreight forwarder

LBC Express, Inc was the Philippines’ leading domestic airfreight forwarder in 2011, based on latest statistics from the Civil Aeronautics Board (CAB). LBC Express…

Kuehne + Nagel unveils airfreight solution for pharma cargo

Global logistics firm Kuehne + Nagel has rolled out KN PharmaChain, a product tailored to the specific needs of the pharmaceutical and health-care industry.…

PH haulers push higher truck overload tolerance

The Confederation of Truckers Association of the Philippines (CTAP) is asking the Department of Public Works and Highways (DPWH) to reconsider its approved tolerance…

FedEx reports strong Q3 earnings

FedEx Corp. reported a net income of US$521 million for the third quarter of its fiscal year ended February 29, 2012, up 126 percent…

DHL to offer new round-the-world flight boosting Asia-US services

Germany’s DHL Express announced the launch of a new round-the-world flight connecting Hong Kong, Los Angeles, and Leipzig to enhance its services on key…

Hanjin Logistics opens at Schiphol

Hanjin Logistics Europe B.V. – a subidiary of South Korea’s Hanjin Logistics – has opened a new on-airport base at Amsterdam Airport Schiphol. The…

UPS to acquire TNT Express for $6.77 billion

United Parcel Service (UPS) has agreed to pay TNT Express EUR9.50 per share, up from the EUR9 per share that the U.S. parcel delivery…

UPS, TNT in ‘constructive discussions’

Atlanta-based United Parcel Service (UPS) said it remains in “constructive discussions” with The Netherlands’ TNT Express concerning the U.S. firm’s plans for the takeover…

CEVA launches 3 LCL lanes from Asia to Australia

The Netherlands-based logistics giant CEVA Logistics has launched three less-than-container load (LCL) lanes into Australia. The latest additions to CEVA’s global ocean freight services…

Greencarrier Freight Services to cooperate with Ekol Logistics

Greencarrier Freight Services has signed a cooperation agreement with Turkey’s leading logistics company, Ekol Logistics. The agreement covers Sweden, the Baltic states and Turkey,…

Schenker PH sets 2011 capex

DB Schenker Philippines is setting aside 1 million euros (P60 million) in capital expenditures this year to install a new information technology system, and…