To establish a more compensatory rate baseline for contracts that will be in effect through mid-2014, member carriers in the Transpacific Stabilization Agreement (TSA)…
Central Asia ministers agree on $23-B regional linkage plan
Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) Program nations agreed to implement more than $23 billion in new regional transport infrastructure…
TNT Express released third quarter results for the year showing revenue of EUR1.81 billion (US$2.35 billion), up 2.1 percent from the same period last…
Zim Integrated Shipping announced changes to its Asia-South America service from November as part of its winter program. The Israel-based box ship said that…
Logistics service provider Agility has opened a 13,000-square-meter warehouse in Hong Kong to cater to the electronics and retail sectors of Greater China. The…
HK airfreight rebounds with 7% growth in September
Cargo traffic at Hong Kong International Airport (HKIA) continued its growth streak, posting a stronger performance in September year-on-year, after recording volume expansion in…
The Philippine Department of Transportation and Communications (DOTC) is proposing a Luzon Integrated Railway system in lieu of the controversial Northrail project. “Sadly, the…
UPS opens 3 health-care facilities in Asia-Pacific
Atlanta-based UPS said the recent opening of three new health-care distribution facilities in Asia-Pacific was part of its strategy to address trends of growing…
FedEx Express invests in $100-M logistics hub in Shanghai
U.S. express delivery service giant FedEx Express announced it will establish a $100-million express and cargo hub in Shanghai to expand its network throughout…
Transport reforms needed to sustain Myanmar’s growth—ADB
Myanmar’s fragmented and under-resourced transport sector needs a top-to-bottom overhaul to meet an expected boom in demand for quality roads, railways, airports and transport…
APL posts $55-M core EBIT profit for third quarter
Container liner APL, a subsidiary of Neptune Orient Lines (NOL), reported core earnings before interest and taxes (EBIT) profit of US$55 million in the…
First-half PH domestic airfreight volume reaches 38.2M kg
LBC carries the most shipments The Philippines’ total domestic airfreight volume hit 38.273 million kilograms (kg) in the first six months of the year,…
The World Trade Organization (WTO) has released its annual package of trade and tariff data, providing detailed statistics on import/export trade flows and tariff…
Vietnam’s Cai Mep-Thi Vai port operators are posting massive losses due to under capacity and cutthroat competition. Terminals in the Cai Mep-Thi Vai area…
U.S.-based package delivery firm United Parcel Service (UPS) and Dutch competitor TNT Express confirmed their receipt of a statement of objections (SO) from the…
