Chelsea Logistics secures SEC approval for new name

The Securities and Exchange Commission (SEC) has approved the name change of Chelsea Logistics Holdings Corp. to Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC)…

Key logistics market growth slowed in 2018 amid mounting downward pressure—Ti

Global logistics market growth rates fell in 2018 due to rising economic challenges and the strong performance of the industry in 2017, according to…

BOC suspends order shortening lodgement period for goods declaration

The Philippine Bureau of Customs (BOC) has suspended until further notice an order cutting the period for lodging goods declaration to seven days from…

Joint order on foreign liners’ fees soon signed

The draft joint administrative order (JAO) that will regulate local charges imposed by international shipping lines operating in the Philippines and provide measures to…

UPS Q1 earnings hurt by bad weather

United Parcel Service (UPS) announced first-quarter 2019 earnings of US$1.11 billion, or $1.28 per share, slipping from $1.35 billion, or $1.55 per share, in…

LBC income expands 91% on higher volumes, logistics sales

Logistics and remittance service company LBC Holdings Corp. (LBCH) reported a net income of P1.349 billion in 2018, or 91% higher than the P707.92…

2GO’s loss drags Chelsea Logistics deeper into red in 2018

Chelsea Logistics Holdings, Inc. (CLHC) has reported a net loss of P550.533 million in 2018, wider than the P161.22 million loss reported in 2017.…

CAB won’t receive incomplete, unpaid applications starting Apr 26

Beginning April 26, stakeholders will have to strictly comply with the Civil Aeronautics Board’s (CAB) requirement for submission of complete documents and full payment…

2GO’s loss balloons to P1.3B in 2018

2GO Group, Inc. and its subsidiaries posted a net loss of P1.3 billion in 2018, an increase from the P310 million net loss in…

PH national standards for safe, sustainable road freight transport released

The Philippine Bureau of Standards (PBS) has crafted guidelines and recommendations that land fleet operators and freight forwarders may adopt for reliable, safe, cost-efficient…

MetroPac Movers breaks ground for distribution center in Cavite

MetroPac Movers, Inc., the logistics arm of Metro Pacific Investments Corporation (MPIC), broke ground for the South Mega Distribution Center (South Mega DC), its…

Harbor Star is sole harbor assistance provider for Mariveles grains terminal

Harbor Star Shipping Services, Inc. (HSSSI) has signed a service agreement with Mariveles Grains Corporation (MGC) to be the exclusive harbor assistance service provider…

Airspeed to provide logistics support to M Lhuillier’s Kargo Padala offering

Logistics company Airspeed and non-bank financial institution M Lhuillier Financial Services, Inc. have entered into a business partnership to create ML Kargo Padala, a…

DHL trade barometer forecasts continued growth but even more slowly

Global trade growth will continue to lose momentum over the next three months as findings indicate that prospects are slowing down for almost all…

DSV acquires Panalpina for $4.6B

Panalpina Welttransport Holding AG announced on April 1 that it has agreed to Denmark-based DSV A/S’s proposal to acquire the Swiss supply chain solutions…

TIEZA rolls out electronic import permit system

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) has officially launched its electronic import permit system (e-IPS), making application and processing of import permits…

DHL’s top 10 supply chain risk predictions for 2019

Transport and logistics group Deutsche Post DHL has identified 10 major risk trends that are seen to post a significant challenge for companies in…

CCN, Microsoft launch first blockchain-based air cargo billing, costing system

Singapore-based Cargo Community Network (CCN), provider of cargo community systems for the air cargo industry, has partnered with Microsoft to introduce the world’s first…

Chelsea Logistics updates corporate name to show expansion into infra, telecoms 

Chelsea Logistics Holdings Corp. (CLC) is renaming itself Chelsea Logistics and Infrastructure Holdings Corp. to reflect its business expansion plans and growth prospects in…

UPS unveils service enhancements for Malaysian SMEs amid e-commerce growth

Expecting strong economic and trade growth in Malaysia, United Parcel Service (UPS) said it has implemented a raft of service and capacity enhancements to…