Global freight forwarder Ceva Logistics is widening its less-than-truck-load (LTL) services in Asia-Pacific to bolster its cross-border road freight business in the region. The…
Cost hikes, EU fine trim Kuehne + Nagel Q1 earnings
Global logistics company Kuehne + Nagel reported “unsatisfactory results” for the first quarter of 2012, as cost increases, lower margins, and a one-off antitrust…
Hong Kong’s AAT marks slight growth in cargo volume
Asia Airfreight Terminal (AAT), a cargo terminal operator at Hong Kong International Airport, announced a tonnage throughput of 65,929 tonnes for March 2012, a…
Maersk Line, the container shipping arm of Danish oil and shipping conglomerate A.P. Moller-Maersk, still expects losses in 2012 despite gaining global market share…
Indonesian government authorizes Kalibaru port construction
The government of Indonesia has issued a presidential decree mandating the development of Kalibaru port, clearing the way for port operator Pelindo II to…
HK’s Hactl completes migration to latest cargo management system
Hong Kong Air Cargo Terminals Limited (Hactl)—a major air cargo handler at Hong Kong International Airport—has completed the final phase of the implementation of…
Orient Overseas Container Line (OOCL) announced the appointment of Andy Tung, chief operating officer of OOCL, as new chief executive officer of the Hong…
APEC confab pushes innovation-friendly environment to foster regional growth
Economies in the Asia-Pacific Economic Cooperation (APEC) region must continue to actively promote “innovation-friendly” policies and infrastructure to bolster their economic fortunes. This was…
Container lines propose new round of US-Asia rate adjustments
Oakland, CA / April 9, 2012 – Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further round of incremental…
Firms look at Asean’s overall attractiveness in making investment decisions
The Association of Southeast Asian Nations (Asean) region holds good prospects for attracting investments, with a significant share of businesses considering the attractiveness of…
Cathay Pacific installs e-AWB system in Singapore and Malaysia
Cathay Pacific Airways has introduced the electronic air waybill (e-AWB) process in Singapore and Malaysia to promote a greener and more efficient airfreight industry.…
Container freight rates in the westbound Asia-Europe corridor increased by 28 percent last week, only one month after the previous large rate increases, according…
Westports Malaysia eyes annual throughput of 7-M TEUs
Container throughput at Westports Malaysia is forecast to rise to 7 million 20-foot equivalent units (TEUs) in 2012 despite global economic uncertainties, according to…
