• Chinese exports plunge 26% in February

    China’s exports declined 25.7 percent year-on-year in February, the fourth straight monthly decline, according to China’s General Administration of Customs. Total foreign trade was US$124.95 billion in February, down 24.9 per cent year-on-year. Total Chinese exports in February amounted...... Read More
  • Cargo crime to jump as crisis deepens

    The global economic downturn will lead to an increase in incidents of cargo crime in 2009, warns the Transported Asset Protection Association (TAPA). The latest statistics from the association’s Incident Information Service (IIS) for the Europe, Middle East and...... Read More
  • Toll completes BALtrans integration

    Toll Global Forwarding (TGF) has completed the integration of BALtrans Logistics Worldwide and will use the new Asian forwarding and logistics operations as a platform to strengthen the TGF network in the Middle East, South Africa, Europe and North...... Read More
  • Cargo exec says industry kidding itself

    Air cargo management must “strip the veils of illusion from their eyes” in combating the worst recession since the industry began 60 years ago, according to industry stalwart Julian Keeling. Keeling said these illusions included the near obsession with...... Read More
  • Toll completes BALtrans integration

    Australian international logistics group Toll has announced it has completed the integration of BALtrans, the Hong Kong-based worldwide forwarder/logistics provider it acquired in early 2008. Toll, now one of Asia’s leading providers of integrated logistics services, said that with...... Read More
  • K+N considers global job cuts

    Kuehne + Nagel Group (K+N) is reportedly considering 4,500 job cuts following the announcement of modest increases in earnings and revenue for 2008 and expressions of concerns over immediate future business prospects. In its annual results statement released this...... Read More
  • TNT reports 60% fall in 4Q profits

    Dutch mail and express company TNT reported a 60 per cent fall in profit for the fourth quarter this week citing restructuring charges and worsening business conditions, especially in its express delivery arm. Net profit at Amsterdam-based TNT was...... Read More
  • Kintetsu profit declines

    Kintetsu World Express, Japan’s second-largest international forwarder, said it suffered a drop in profit on a consolidated basis between April and December from a year earlier despite revenue growth. Group operating revenue during the first three quarters of fiscal...... Read More
  • DHL forecasts 20% cargo drop, 1st improvement 2010

    The head of DHL Global Forwarding (DHL GF), the world’s largest forwarder, said the company expects shipping volume – both air and ocean shipments – around the world to decline 20 per cent in the first half of 2009...... Read More
  • China aims to up Pearl River Delta competitiveness

    The Chinese government has released its plan for the future development of that country’s most prosperous region, the Pearl River Delta. Shenzhen, Guangzhou and the other cities of Guangdong have the greatest concentration of economic activity in China and...... Read More