United Parcel Service (UPS) registered a net loss in the fourth quarter of 2012 as it dealt with a weak global trade, a tepid…
Pension charge pushes UPS earnings in Q4 southward
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Global air cargo shrinks for second straight year—IATA
The year 2013 will not be a banner year for profitability for the air cargo industry, but it should be an improvement on 2012,…
UPS formally drops takeover bid for TNT Express
U.S. package delivery giant United Parcel Service (UPS) announced it has withdrawn its offer to purchase Dutch rival TNT Express following the anticipated formal…
Vietnam opens $624-M Cai Mep-Thi Vai port
Vietnam opened January 28 the Cai Mep-Thi Vai International Ports, the country’s deepest and biggest port system located in the southern province of Ba…
FedEx Trade Networks establishes presence in Thailand
FedEx Trade Networks, the global freight forwarding arm of FedEx Corp., has opened an office in Bangkok, its first in Thailand, in anticipation of…
‘K’ Line upgrades intra-Asia slings
Kawasaki Kisen Kaisha (“K” Line) announced today it will upgrade its weekly intra-Asia services JABCO-1 and JABCO-2 to provide better transit times between Japan…
Korea, Malaysia ports achieve traffic growth in 2012
South Korea’s ports handled nearly 22.5 million 20-foot-equivalent units (TEUs) in 2012, an increase of 4.1 percent from 2011, derived in part from strong…
Agility opens new warehouse in Malaysia
Global logistics provider Agility has opened a state-of-the-art logistics center in Melaka on the Malay Peninsula. This bonded warehouse will support a variety of…
AAT of HK records 11% traffic growth in December
Asia Airfreight Terminal (AAT), the second cargo terminal handler at Hong Kong International Airport, set an 11 percent growth in throughput to 68,252 tonnes…
Cambodia opens new container terminal
Cambodia’s Phnom Penh Autonomous Port (PPAP) opened a new container terminal on January 22 in response to a sharp hike in shipments unloaded at…
IMF: Gradual global growth pickup in 2013
Global growth will strengthen gradually in 2013 to reach 3.5 percent in 2013, from 3.2 percent in 2012, as the downside risks on economic…
Box ships schedule March rate hikes on Asia-Europe loop
Global ocean carriers Orient Overseas Container Line (OOCL) and Hapag-Lloyd announced general rate hikes on the Asia-Europe trade come March. Hong Kong-based OOCL said…
Asia dominates emerging logistics hubs list
Even though global economic doldrums slowed emerging markets in 2012, they continue to elicit strong enthusiasm from trade and logistics professionals in 2013, as…
Vietnam postpones domestic ban on foreign ships
Vietnam has moved to April 1 from January 1 this year the effectivity of an order restricting the granting of new licenses allowing foreign-flagged…
OOCL posts 6.7% revenue hike for 2012
Orient Overseas Container Line (OOCL), Hong Kong’s biggest box line, reported a 0.7 percent fall in volume for the fourth quarter of 2012 year-over-year.…
HK container volume shrinks 5.3% in 2012
The Port of Hong Kong processed 23.1 million 20-foot-equivalent units (TEUs) in 2012, a decrease of 5.3 percent year-over-year, the first time volume contracted since…
G6 partners to combine Asia-USEC services via Suez
Three members of the Grand Alliance are set to deepen their partnership with three counterparts from the New World Alliance by combining their services…
CMA CGM voids six sailings during Chinese New Year festival
Marseilles-based CMA CGM is cancelling six sailings on the Asia-North Europe trade from February 10, 2013 in anticipation of reduced production during the Chinese…
Hong Kong’s AAT November tonnage shoots up 12%
Asia Airfreight Terminal (AAT), the second cargo terminal handler at Hong Kong International Airport, announced a 12 percent expansion in its cargo volume for…
Dragonair, Cathay Pacific tonnage drops 5.3% in 2012
Combined traffic volume for Cathay Pacific Airways and Dragonair continued to inch upward, rising by more than 3 percent in December 2012 year-on-year, but…
