United Parcel Service’s (UPS) net profit fell in the third quarter of 2012, as the U.S. delivery services giant cited a slowing global trade…
UPS profit dives in third quarter
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Panalpina: Healthcare companies can work together to cut costs
Freight forwarding and logistics company Panalpina says its customers in the healthcare industry could make significant cost savings in their supply chains by working…
OOCL’s revenue grows 11% in Q3
Hong Kong-based Orient Overseas Container Line (OOCL) said it posted revenue of US$1.6 billion for the third quarter of 2012, up by 10.9 percent…
Vietnam’s Da Nang port slated for expansion in 2013
The port of Da Nang in central Vietnam will receive a capital infusion of VND3 billion (US$144,000) for expansion work next year as part…
MARLAW-PortCalls Philippine Maritime Law Annual Conference Presentations
MARLAW-PortCalls Philippine Maritime Law Annual Conference, October 16, 2012, Manila Diamond Hotel *
UPS, TNT Express get EC’s statement of objections
U.S.-based package delivery firm United Parcel Service (UPS) and Dutch competitor TNT Express confirmed their receipt of a statement of objections (SO) from the…
DHL marks Global Volunteer Day with charity fun run
DHL Express Philippines, part of Deutsche Post DHL, marked Global Volunteer Day 2012 with over 700 employees taking part in a charity fun run…
ICTSI subsidiary completes 35% buyout in listed Pakistan firm
Philippine-based port operator International Container Terminal Service, Inc (ICTSI) recently completed its 35% stake acquisition in Pakistan International Container Terminal Limited (PICT), a company…
Singapore planning mega port at Tuas
Singapore will consolidate all its container port operations by relocating to Tuas, a new port development near the city-state’s industrial center that can process…
Green initiatives to spearhead Asia-Pacific’s economic growth—Frost & Sullivan
The economic downturn has prompted many Asian governments to invest or plan in sustainable economic activities. Green technologies, particularly in the environmental and building…
Hanjin, Evergreen trim joint China-Europe capacity
Ocean carriers Hanjin Shipping and Evergreen Line plan to reduce capacity on their joint China-Europe service for the fourth quarter “in response to the…
Changi Airport’s September cargo shrinks
Singapore Changi Airport experienced this September its third consecutive month of cargo contraction for the year. The airport processed 153,700 tonnes of airfreight last…
PH international airfreight volume hits 136M kg in first half
Nippon Express leads the pack The Philippines’ international airfreight cargo reached 136.452 million kilograms (kg) in the first six months of the year, according…
PH Aug exports dip 9%
Philippine exports dropped 9% to $3.798 billion in August from the year-ago figure of $4.173 billion, according to latest data from the National Statistics…
PH cargo volume up but freight rates still down
International cargo volume may be inching up in the run-up to Christmas but freight rates have not been able to keep pace with the…
PH business group submits recommendations for transport, logistics sector
The Philippine Chamber of Commerce and Industry (PCCI) recently submitted to President Benigno Aquino III a 14-page wish list detailing its policy recommendations to…
Hactl announces tonnage throughput for Q3 2012
A strong September 2012 result for Hong Kong Air Cargo Terminals Limited (Hactl) – the major air cargo handler at the world’s largest air…
Vietnam’s January-September port traffic slides
Cargo throughput at seaports in Vietnam has dropped in the first nine months of 2012 compared to the same period in 2011, local media…
HK carriers book first traffic growth for 2012
Cathay Pacific Airways and Dragonair logged combined cargo and mail tonnage growth for September 2012, the first time the sister airlines from Hong Kong…
Hapag-Lloyd adjusts rates for Asia-Arabian Gulf and Red Sea slings
Hapag-Lloyd will levy new rate hikes on the Far East-Arabian Gulf and Far East-Red sea loops effective next month. Rates for all cargoes and…
