United Parcel Service (UPS) announced earnings of US$1.16 per share, or a net income of $1.1 billion, for the third quarter of 2013, a…
UPS saw 9.4 percent growth in 3Q
The Latest
ASEAN still robust as services drive growth
Economies in the Association of Southeast Asian Nations remained buoyant in 2012, with regional growth fueled by the services sector, according to the latest…
HK airport CEO Stanley Hui quits
Airport Authority Hong Kong’s (AAHK) chief executive officer Stanley Hui has filed his resignation, to take effect mid-next year, according to a brief announcement…
Malaysian shipping lines send SOS to gov’t
Malaysia’s ship owners are seeking some MYR3 billion (US$952 million) in government support over the next three years to help them overcome a financial…
ICTSI, Asian Terminals ease payment mode for PH forwarders
PHILIPPINE International Seafreight Forwarders Association (PISFA) members should now find it easier paying port charges with two of the country’s port operators. Manila International…
CMA CGM taps SAP to develop maritime-dedicated IT system
French container shipping giant CMA CGM is investing in a new information system that it said is the first of its kind to be…
Singapore freight volumes hit by slump in key markets
Singapore’s air and sea tonnage for this year is forecast to decline as the global economy continues to limp along, according to the latest…
PH international air cargo volume up 2.13% in first half
INTERNATIONAL airfreight shipments in the Philippines reached 139.362 million kilograms (kg) in the first half of the year, an increase of 2.13% from last…
Iran, PH to cooperate on customs issues
THE Philippines and Iran have agreed to cooperate in extending mutual administrative assistance on customs issues involving the two countries. The Bureau of Customs…
PH Customs working group to vet staff movement
THE Philippine Bureau of Customs (BOC) has created a technical working group that would “ensure proper vetting of personnel assignments and designations” in the…
8 PH ports likely sites for cruise terminals
THE Philippine Ports Authority (PPA) has identified eight ports as tourism gateways where it is considering developing international cruise terminals to support the tourism…
What Economic Prosperity?
I would like to apologize to Ana Rose Ochoa for the omission of her name in the last issue (October 7, 2013) as author…
Cargo throughput at Hong Kong, Singapore airports contracts
Rival aviation hubs Hong Kong International Airport (HKIA) and Singapore Changi Airport both posted air cargo declines for September. HKIA reported a 0.8 percent…
3PL CEOs confident of continued revenue growth
Despite a slow economy, logistics companies in the United States, Europe, and the Asia-Pacific see growth in revenues over the next three years, according…
Hapag-Lloyd melds trans-Pac services, Maersk slates US-Asia GRI
Two services of Hapag-Lloyd on the trans-Pacific trade lane will be merged in response to weak demand during the winter season. The New York…
FedEx unveils new 767 freighter, launches flat rate shipping
Tennessee-based FedEx Express has introduced the first of several new 767-300 cargo jets under its fleet modernization program. The freighter, delivered by aircraft maker…
Manila court junks Customs execs’ petition to stop reassignment
THE battle is over for 11 Philippine Bureau of Customs (BOC) collectors who filed a case against their transfer to the Customs Policy Research…
HK airfreight to see modest rise, ocean box volumes to fall
Hong Kong’s airfreight volumes in 2013 will improve slightly over 2012, but maritime freight, which was affected by a strike, will post a decline,…
Logistics support services bolster presence in SE Asia
Softlink Global, an international IT solutions provider for the freight forwarding industry, has linked up with Thailand-based Key Management Services to serve the large…
ASEAN-5 growth to continue but more slowly, says IMF outlook
Growth forecasts for the Association of Southeast Asian Nations-5 (ASEAN-5) for 2013-2014 have been revised downward by the International Monetary Fund (IMF), part of…
