Swiss logistics giant Panalpina reported consolidated profit of CHF4.1 million (US$5.2 million) for the third quarter of 2012, down from the CHF31.7 million it…
Panalpina’s profit nosedives in wake of weak airfreight
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UPS granted extension of offer period for TNT purchase
The Netherlands authorities have allowed the extension of United Parcel Service’s offer period for the proposed acquisition of TNT Express, a joint statement by…
OOCL announces senior management changes
Orient Overseas Container Line (OOCL) announced the following changes to its management positions effective January 1, 2013: Bosco Louie will retire from his current…
Tough year for airlines as cargo continues to contract
Global air cargo traffic was up slightly in September compared to the same month a year ago, but this hardly dented the overall downturn…
PH Customs to junk e2m for new integrated system
The Philippine Bureau of Customs (BOC) will replace next year its electronic-to-mobile (e2m) system with the Integrated Philippine Customs System (iPCS). At the recent…
Regional best practices for express industry identified
The Conference of Asia Pacific Express Carriers (CAPEC) is open to a dialogue with the Philippine government to discuss best practices for express operators.…
PH ports agency allocates P2.68B for projects next year
The Philippine Ports Authority (PPA) will invest P2.68 billion next year to construct three new ports and improve 82 others. The Port District Office…
South Korean firm bags consultancy contract for Puerto Princesa airport
The Philippine Department of Transportation and Communications has awarded the consultancy contract for the Puerto Princesa airport project to Incheon International Airport Corp (IIAC),…
PH Aug imports down 0.4%
Philippine imports dipped 0.4% in August to $5.05 billion year-on-year, based on latest data from the National Statistics Office. Month-on-month, the latest figure is…
Asia-Europe carriers push through with November rate hikes
The large price hikes earlier announced by Asia-Europe container shipping lines for November 1 pushed through on schedule, but Drewry Maritime Research does not…
KART kicks off China-Vietnam LTL trucking network
Kerry Asia Road Transport (KART), a member of Hong Kong-listed Kerry Logistics, has launched a new trucking service connecting Shenzhen and Hanoi via its…
Asia-Pacific airfreight improves but outlook holds
Global airfreight traffic was stable in September after months of decline, but regional carriers are still not out of the doldrums, reports the Association…
Zim plans December rate hikes for Asia-US loop
Box ship Zim Integrated announced rate hikes for all cargo on the Asia-U.S. trade lane effective December. The Israel-based ocean carrier said cargo from…
Hapag-Lloyd adds vessel to Asia-Mexico service
Hapag-Lloyd announced the addition of a seventh vessel to the Asia-Mexico Express Service Loop 1 (AME1) schedule. “The additional vessel will be helping us to…
Asia-US lines to hike dry, reefer cargo rates
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)…
Proposed PH Maritime Code faces refiling in next Congress
The proposed Maritime Code of the Philippines will likely miss congressional approval, a victim of low priority in a Congress more pre-occupied with the…
PH customs, internal revenue agencies post collection surplus in Subic
The Philippine Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) reported a surplus in collection at the Subic Bay Freeport Zone in…
PHILEXPORT celebrates 20 years
Twenty years ago this month, leaders of two distinct and independent organizations of exporters came together and decided to unify into one umbrella organization.…
IT Project Implementations – Last Quarter 2012
Following the failed bidding for the P440-million National Single Window (NSW) Phase 2 project, I thought it might be worthwhile checking if there were…
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…
