Logistics


  • Time:matters and Cebu Pacific tie-up

    Time:matters and Philippines-based Cebu Pacific Cargo, have announced a new business tie-up in which the Lufthansa-owned logistics firm can now use Cebu Pacific flights departing from Manila Airport for its Special Speed Solutions and time-critical shipments. Time:matters said Manila...... Read More
  • UPS expands India field stocking network

    US-based global package delivery and logistics service provider UPS has announced plans to expand its field stocking location (FSL) network in India. “Despite current economic conditions, Asia continues to be a global manufacturing hub and market research indicates Asia’s...... Read More
  • Huawei selects Panalpina as prime LSP

    Swiss-based global forwarder Panalpina has been named as a prime logistics service provider (LSP) by China’s Huawei Technologies, a global telecommunications giant, for Huawei’s China-Brazil end-to-end business. Under the three-year agreement Panalpina will handle all international air freight estimated...... Read More
  • TNT extends Asia Road Network into Cambodia

    TNT has extended its Asia Road Network (ARN) into Cambodia, creating a fully integrated express road service to and from Phnom Penh. With the new Cambodian extension, TNT has added more than 1,500 km to the existing 6,000 km...... Read More
  • Rhenus & Lufthansa team up to boost volumes

    Rhenus Freight Logistics and Lufthansa Cargo have signed an agreement aimed at winning more air freight business from medium-sized European companies shipping to the US, Asia and Middle East. Rhenus, which has annual turnover of some €3.3 billion (US$4.5...... Read More
  • Q1 profit for Agility amid declining logistics market

    Kuwait-based Agility has reported a 16.4 per cent rise in net profit for the first quarter 2009 over the same period last year despite the slowdown affecting the global economy. Net profit before non-recurring items was KD39.2 million (US$134.8...... Read More
  • TNT reports 58% slide in Q1 net profit

    Netherlands-based TNT has reported a 58 per cent fall in first-quarter net profit on the back of shrinking volumes at its express and mail units, saying the situation was expected to continue through the rest of 2009. TNT chief...... Read More
  • China’s manufacturing gains strength

    The China Purchasing Managers’ Index (PMI), seen as a bellwether of manufacturing activity in the country, rose to 53.5 in April from 52.4 in March, according to Reuters. This is the second straight month the index has finished in...... Read More
  • Panalpina Q1 profit nose dives 94%

    Swiss logistics group Panalpina reported a 94 per cent drop in first-quarter profit to 1.9 million Swiss francs (US$1.64 million), but said it was on track to reach its cost-cutting goal for 2009 which includes cutting 10 per cent...... Read More
  • Cargo drop stabilised but Swine flu new threat

    A stabilisation of global inventory levels has helped stabilise air freight demand and halted the freefall according to the International Air Transport Association (IATA) as it warned that concerns over a swine flu pandemic could have a significant impact...... Read More