UPS appeals EC decision on its TNT bid

U.S.-based United Parcel Service (UPS) has filed an appeal with the European Commission (EC) seeking clarification on the European Union regulator’s decision to turn…

Little progress seen in PH logistics sector

Efforts to attract foreign investments to the Philippines’ multimodal transport chain and, in turn, drive development of the logistics industry appeared to have stalled…

Swiss WorldCargo adds Singapore to network

Zurich-based Swiss WorldCargo, the air cargo division of Swiss International Air Lines, will provide  daily nonstop flights to Singapore starting next month. The new…

ASEAN investment guidebook launched

The Association of Southeast Asian Nations has launched the ASEAN Comprehensive Investment Agreement: A Guidebook for Businesses and Investors (ACIA Guidebook). The guidebook is…

IAG Cargo resumes operations in Sri Lanka

After 15 years, IAG Cargo returns to Sri Lanka in mid-April to offer cargo services on its new passenger flights from Colombo. The new…

Damco expands warehousing operations in Cambodia

International supply-chain company Damco has opened a second container freight station (CFS) warehouse in Cambodia to tap into the growing logistics demand in this…

Near sourcing not an immediate worry for carriers—Drewry

While near sourcing is increasing, at its present rate it is unlikely to affect deep-sea container volumes significantly in the near future, said a…

UASC launches transpac loops, MSC starts new service

United Arab Shipping Company (UASC) is expanding its coverage of Asia and the U.S. West Coast, including inland points in the U.S., by launching…

USL to hike rates for Asia-US and Canada shipments

U.S. Lines (USL), which is a subsidiary of CMA CGM’s ANL Singapore and which serves the trans-Pacific and Australasia trades, announced new general rate…

TSA: Market recovery helping GRIs stick, key to contract talks

The gradual upturn in cargo volumes over the past few months will help carriers sustain the latest round of general rate increases (GRIs) that…

Ulber to replace Ribar as Panalpina CEO

Monika Ribar, CEO of global logistics company Panalpina for the past seven years, will step down at the end of May 2013, to be…

Evergreen Line to create new China-SE Asia sling

A new intra-Asia service linking southern China, the Philippines, and eastern Malaysia will be launched by Evergreen Line in mid-April. Aside from linking the…

Global airfreight sustains modest growth

International air cargo maintained in February 2013 the modest improvement in demand that began in the fourth quarter of 2012, according to the latest…

TNT Express sells local road business in China

Hoofddorp, The Netherlands-based TNT Express has sold its domestic road distribution service in China to equity funds manager CITIC PE. TNT’s Hoau provides day-definite…

NOL names its first 14,000-TEU box ship

Neptune Orient Lines (NOL) recently christened its newest, largest, and most eco-friendly vessel. The 14,000-TEU (20-foot-equivalent unit) container ship has been officially named APL…

ACI: Flat growth for global airfreight in 2012

International air cargo movements in 2012 were flat  compared to the previous year, according to statistics culled from over 1,000 airports worldwide by the…

PSA posts 10% profit growth from volume hike, revenue gains

PSA International reported growth in volume, revenue, and profit for 2012 despite the year’s challenging economic conditions. The Singapore-based international port operator said it…

Singapore Changi Airport offers 50% rebate to cargo carriers

Changi Airport Group (CAG), operator of Singapore Changi Airport, will extend a 50 percent landing fee rebate from April to all scheduled freighter flights at…

PISFA, AISL sign MOA on container deposits

The Philippine International Seafreight Forwarders Association (PISFA) recently signed with the Association of International Shipping Lines (AISL) a memorandum of agreement designed to rationalize…

SEAIR rides PH economy’s strength to launch air cargo service

THE Philippine economy is astir, perhaps at a rate even more vibrant than what economists have forecast, according to executives of local budget carrier…