Air Canada expands service in Asia

Air Canada announced it is expanding its service across the Asia-Pacific with additional flights to South Korea, China, and Japan, starting mid-2013.  It will…

FedEx ground, home delivery rates to rise 4.9% in 2013

FedEx Corp. announced it will hike its rates for ground shipping and home delivery services by a net average of 4.9 percent, effective January…

Kuehne + Nagel hires new head for contract logistics

Swiss forwarder Kuehne + Nagel has appointed Dr. Detlef Trefzger as a new member of the management board, taking over from March 1, 2013…

US-Asia refrigerated rates to rise in Jan

Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have individually announced a series of general rate increases (GRIs) on refrigerated cargo moving…

Drewry: Bleak prospects await global shipbuilders from 2013

The world’s shipbuilders are facing bleak prospects in the next couple of years as a result of the slump in the shipping market, and…

UPS, TNT Express submit offer of remedies to EC

United Parcel Service and TNT Express today said they have submitted the offer of remedies that is one of the requirements for obtaining competition…

Slack world demand hitting Asian airlines hardest

Asia-Pacific carriers are the most affected by the continued decline in global airfreight traffic as demand for Asian exports kept its downward trajectory in…

Zim rallies with $16-M net profit in Q3

Israel-based Zim Integrated Shipping Services rebounded from a US$66 million net loss in the third quarter of 2011 with a net profit of $16…

Globalization today lower than pre-crisis peak, says DHL study

Despite modest gains since 2009, global connectedness has yet to recapture its pre-crisis peak, the slowdown in globalization a detriment to economic growth, according…

New law prioritizes Vietnam shipping lines for local routes

As the new law temporarily barring foreign ships from operating on local routes nears enforcement, doubts have sprung about the capability of Vietnam’s domestic…

Revenue, profit growth for HKIA in first half

Hong Kong International Airport (HKIA) saw revenue rise 8 percent to HK$6.4 billion (US$825 million) and profit by 13.1 percent to HK$2.75 billion in…

Carriers file with FMC for single transpacific agreement

The members of the Transpacific Stabilization Agreement (TSA) have filed an amendment with the U.S. Federal Maritime Commission (FMC) that would expand TSA’s scope…

TSA lines simplify fuel surcharge structure

Beginning January 1, 2013, intermodal freight shippers in the Asia-U.S. container trade will begin paying a single, consolidated bunker surcharge that incorporates components for…

PH cargo volume up 4.74%

A strong export sector pushed Philippine cargo throughput to 140.209 million metric tons (mmt) in the first three quarters of the year from 133.860…

Upgrade of Bangladesh transport corridor to spur regional trade

One of Bangladesh’s most critical regional transport corridors and two land ports will be upgraded to improve connectivity and trade across South Asia. An…

Emirates SkyCargo launching Phuket trade lane

UAE-based Emirates SkyCargo, the freight division of Emirates, is making Phuket its second Thai gateway by December after Bangkok. The airline will launch the…

DHL to invest $65 M in supply chain facilities in Thailand

Deutsche Post DHL’s logistics unit, DHL Supply Chain, announced it will invest EUR50 million (US$64.8 million) in new facilities in Thailand in anticipation of…

CMA CGM chalks up Q3 profit, revenue

France’s CMA CGM announced a net profit of US$371 million in the third quarter of the year, which it attributed to a highly successful…

DB Schenker opens new warehouse in Australia

Germany-based DB Schenker, the transportation and logistics unit of Deutsche Bahn, has opened a new logistical warehouse and operations center in Sydney, Australia, to…

HKIA’s cargo traffic grows, but Changi’s performance stalls

Hong Kong International Airport’s (HKIA) freight tonnage grew moderately in October year-on-year, with 346,000 tonnes handled last month for a 1.1 percent expansion. The…