TNT Express released third quarter results for the year showing revenue of EUR1.81 billion (US$2.35 billion), up 2.1 percent from the same period last…
TNT Express income slides 12% in Q3
The Latest
Zim adjusts Asia-South America service for winter
Zim Integrated Shipping announced changes to its Asia-South America service from November as part of its winter program. The Israel-based box ship said that…
Agility opens warehouse in Hong Kong
Logistics service provider Agility has opened a 13,000-square-meter warehouse in Hong Kong to cater to the electronics and retail sectors of Greater China. The…
Vessel owners bracing for higher operating costs
Ship owners and managers expect to face higher vessel operating costs over the next two years than they did in 2011, with lube and…
HK airfreight rebounds with 7% growth in September
Cargo traffic at Hong Kong International Airport (HKIA) continued its growth streak, posting a stronger performance in September year-on-year, after recording volume expansion in…
PH maritime insurance industry seeks partner with more financial muscle
Philippine insurance firms are asking the Government Service Insurance System (GSIS) to take the lead in providing insurance cover for the maritime industry. At…
Wanted: Visionary to steer PH maritime industry
The Philippine maritime industry needs no less than a visionary with strong political will to institute necessary and long-needed changes in the sector. This…
PH pushes new railway project
The Philippine Department of Transportation and Communications (DOTC) is proposing a Luzon Integrated Railway system in lieu of the controversial Northrail project. “Sadly, the…
PH’s National Single Window 2 project bidding fails
The Philippine government has declared a failure in bidding for the P442-million National Single Window System Phase 2 project. The bids and awards committee…
CEB receives aircraft; PAL opens Canada service
Low-cost carrier Cebu Pacific (CEB) recently received its 40th aircraft while competitor flag carrier Philippine Airlines (PAL) said it will launch a Manila-Toronto service…
UPS opens 3 health-care facilities in Asia-Pacific
Atlanta-based UPS said the recent opening of three new health-care distribution facilities in Asia-Pacific was part of its strategy to address trends of growing…
FedEx Express invests in $100-M logistics hub in Shanghai
U.S. express delivery service giant FedEx Express announced it will establish a $100-million express and cargo hub in Shanghai to expand its network throughout…
Transport reforms needed to sustain Myanmar’s growth—ADB
Myanmar’s fragmented and under-resourced transport sector needs a top-to-bottom overhaul to meet an expected boom in demand for quality roads, railways, airports and transport…
APL posts $55-M core EBIT profit for third quarter
Container liner APL, a subsidiary of Neptune Orient Lines (NOL), reported core earnings before interest and taxes (EBIT) profit of US$55 million in the…
Non-accredited forwarders in PH named
The Philippine Shippers’ Bureau (PSB) recently published a list of non-accredited freight forwarders, some of whom have been reported for non-delivery of balikbayan (personal…
First-half PH domestic airfreight volume reaches 38.2M kg
LBC carries the most shipments The Philippines’ total domestic airfreight volume hit 38.273 million kilograms (kg) in the first six months of the year,…
Election, Strategic Procurement
SCMAP Election The term of SCMAP officials is one year. The term ends for 2012 officials on December 31. The officials who will take…
Global consumer spending slowdown eases—PwC
Growth in global consumer spending has slowed, but the good news is, the slowdown may have eased in October, leading to a possible gradual…
WTO releases 2011 trade and tariff data
The World Trade Organization (WTO) has released its annual package of trade and tariff data, providing detailed statistics on import/export trade flows and tariff…
Slow traffic undermining Vietnam’s Cai Mep port
Vietnam’s Cai Mep-Thi Vai port operators are posting massive losses due to under capacity and cutthroat competition. Terminals in the Cai Mep-Thi Vai area…
