DSV Panalpina to claim 6% market share, become 3rd largest global forwarder

The acquisition of Panalpina by DSV will produce the world’s third largest forwarder by revenue, and create a rival for market leaders Kuehne +…

CEVA, CMA CGM continue SEA expansion with new empty container service

CEVA Logistics and CMA CGM have introduced a combined ocean freight and cross-border trucking service between Thailand and Laos that enables both importers and…

Transport sector, SE Asia to dominate APEC energy demand through 2050—report

Accounting for 57% of energy demand in 2016, the Asia-Pacific Economic Cooperation (APEC) region is expected to see a 21% rise in demand over…

Airspeed joins initiative supporting PH disaster risk resiliency

Logistics company Airspeed has pledged support for ARISE Philippines, a network of private companies that are united under the common objective of establishing innovative…

Indonesia taps tech firm for ambitious blockchain project

The Indonesian government has hired a Singapore-based tech company to set in motion a multi-million blockchain project with the aim of improving the country’s…

Lower House approves bill mandating free transport of emergency relief goods

The Philippine Lower House has approved a bill that will require transport service providers to deliver relief goods to calamity-stricken areas free of charge.…

Truckers’ registration at BOC on hold; goods lodgement declaration order moved to June 15

The Bureau of Customs (BOC) has placed on hold its order requiring the registration of all truckers carrying import and export goods. At the…

Digital forwarders carve gains in global forwarding market: report

Tech-enabled forwarders are rapidly gaining traction in a global forwarding market characterized by uneven change, with nearly half of shippers saying they have used…

PH domestic freight forwarders airlifted 10% more cargo last year

Cargo volume handled by Philippine domestic air freight forwarders grew 10% in 2018 to 88.802 million kilograms (kg) from the 80.73 million kg recorded…

UnionBank makes inroads in logistics with 30% stake in Shiptek

UnionBank of the Philippines, via its subsidiary UBX, has made a foray into the logistics scene acquiring 30% stake in Shiptek Solutions Corp., developer…

E-commerce conference explores customs, trade issues

The physical aspects of cross-border e-commerce take center stage at the “Cross-Border E-Commerce: An International Trade and Customs Perspective” conference on July 26, 2019…

2GO returns to loss in Q1

The 2GO Group, Inc. recorded a net loss of P291 million in the first quarter of 2019, a reversal from the net income of…

PNOC, Chelsea Logistics mull joint fuel storage, terminal project

Chelsea Logistics Holdings Corp. (CLHC) and Philippine National Oil Company (PNOC) are exploring the possible joint development of a fuel and liquefied natural gas…

LBC income nosedives 99% but revenue expands in Q1

LBC Express Holdings, Inc. (LEHI) reported a net income of P7.572 million in the first quarter of 2019, a 99% drop from P570.563 million…

DHL’s Q1 earnings expand as all divisions achieve growth

Global mail and logistics company Deutsche Post DHL announced an increase in both revenue and operating profit in the first quarter of 2019 compared…

Another congestion? CDAP warns of CYs’ shutdown, holiday as utilization drops

The Container Depot Alliance of the Philippines (CDAP) is considering the closure of recently opened empty container depots (ECDs) outside Metro Manila and declaring…

LBC advances its northern reach with newly opened Pampanga warehouse

LBC Express has opened a new warehouse in Pampanga, part of its ongoing drive to expand its service to customers in the north. Currently…

Chelsea Logistics books 21% income growth in Q1

Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC) earned P139 million in net income in the first quarter of 2019, 21% higher than the P115…