Deutsche Post DHL announced a significant jump in operating profit for the first three months of 2016, a historic high for the first quarter…
Record Q1 profit, retained 2016 outlook for DHL group
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ICTSI Q1 profit down 20% on lower volumes, higher expenses
Global port operator International Container Terminal Services, Inc. (ICTSI) posted a net income of US$45.054 million in the first quarter of 2016, a decline…
Incoming PH government offers 8-point economic agenda
The incoming administration of presumptive Philippine president Rodrigo Duterte last week unveiled an eight-point economic agenda, which includes continuing the outgoing government’s macroeconomic policies.…
PH manufacturing output gains in Q1
The Philippine manufacturing sector’s output recorded strong growth in the first quarter of the year despite the slow pace it posted in March 2016,…
PH urged to tap fresh markets as March exports sag 15.1%
The Philippines needs to look at non-traditional export destinations and products to widen its market base as the weak global economy continues to pull…
Cathay, Lufthansa forge HK-Europe freight partnership
Hong Kong’s Cathay Pacific Airways and Germany’s Lufthansa Cargo have agreed to join forces in order to strengthen their air cargo operations between Hong…
Airports report sluggish business, uneven throughput in Q1
Subdued global trade growth continues to exert an impact on the airfreight industry, causing international traffic at airports worldwide to drop 2.1% in March…
6 box liners strike deal to set up ‘THE Alliance’ to ply all East-West trades
Six ocean carriers are forming a new alliance that will grab an 18% share of the global container fleet capacity, Hapag-Lloyd announced today in…
Singapore to see growth slowdown as Vietnam continues rally, IMF forecasts
Singapore’s growth is seen to slow down further this year, but the Vietnamese economy will continue to be robust, according to new forecasts from…
Cebu shipping stakeholders produce draft policy on SOLAS VGM ruling
The Port of Cebu is almost ready for the July implementation of the Safety of Life at Sea (SOLAS) policy on verified gross mass…
DICT’s Phase 2 expansion to double port capacity to 700,000 TEUs
Just two years after its initial operation, Davao International Container Terminal’s (DICT) annual capacity will double to more than 700,000 twenty-foot equivalent units (TEUs)…
Lower freight rates tops Davao, Cebu shippers’ wish list
Shippers from Cebu and Davao in the Philippines are pushing for a more efficient transport and logistics system that will help lower cargo costs…
ASEAN transport officials adopt logistics dev’t plan
Regional senior transport officials recently agreed to adopt during their 41st meeting in the Philippines the Kuala Lumpur Transport Strategic Plan (KLTSP) 2016-2025 outlining…
New deadline for LRT Line 6 pre-qualifying bids
Bidders to the 19-kilometer light rail line project that will connect Bacoor City and Dasmariñas City to Manila have been given a longer time…
Healthy local demand to fuel Asia growth to 5.3% in 2016
Asia-Pacific economies are expected to remain strong with regional growth of 5.3% this year and next, accounting for almost two-thirds of global growth, according…
Bad market conditions greet container shipping in Q1
The container shipping industry just can’t seem to catch a break as the overall market environment in the early months of 2016 continues to…
Malaysia’s economy remains strong in face of global headwinds—IMF
Amidst challenging global economic conditions, Malaysia is expected to continue to perform well as the country’s current macroeconomic policies are appropriately geared to address…
Container traffic at PH ports up 5.23% in Jan-Feb
Cargo volume handled by Philippine ports posted a 13% increase in the first two months of the year, anchored on the strong performance of…
Metro Pacific dips toes in logistics with P2B initial outlay
Philippine conglomerate Metro Pacific Investments Corporation (MPIC) is entering the logistics business through a joint venture company and making an initial investment of P2…
Cloud Technology Makes Obsolete Conventional Software
In recent times, the Cloud has gained prominence and has become identified with agility and convenience when it comes to IT in logistics. More…
