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July 2010

Payload Asia Issue Cover

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Logistics

101 new China stocking locations for UPS

-1 Feb 2010

UPS has announced plans to increase its service parts logistics network in China with 101 new field stocking locations (FSLs) which will complement its existing 950 FSLs in 120 countries. The UPS FSL network expansion will cover 89 key cities across China, spanning ...

India logistics to hit $125 billion by 2010

-1 Dec 2009

The Indian logistics industry is poised to become a US$125 billion industry by 2010, an increase of around 17 per cent, from the current level, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), which has a membership of more than 20,0000companies ...

Damco expands in Mozambique

-1 Dec 2009

Global freight forwarder Damco is to open an office in Maputo, Mozambique in order to improve its presence and service levels in South East Africa. Damco has been operating in Mozambique for the past two years from the existing office in Beira, supporting the landlocked countries ...

Panalpina wins key oil & gas logistics contracts

-1 Dec 2009

Weatherford and Halliburton, two major global players in the oil & gas industry and long-time Panalpina customers have awarded significant new businesses to the global forwarding and logistics group, it said. Weatherford is one of the largest global providers ...

UPS looking at acquisitions

-1 Dec 2009

United Parcel Service Inc (UPS) is looking for acquisitions to bolster its supply-chain and freight-forwarding units, according to its CEO Scott Davis. UPS has made more than 40 purchases in the past decade, and there are “likely to be some more” in the coming ...

Panalpina third quarter slides 40%

-1 Dec 2009

Basel-based freight forwarder, Panalpina said net profit for the three months was US$3.7 million, a 40 per cent slide in year-on-year revenue while net forwarding revenue declined to $1.4 billion from $2.36 billion a year earlier. Volumes are down from last year ...

Toll group acquires UAE logistics firm

-1 Dec 2009

Sydney-based Toll Group has announced the acquisition of Logistic Distribution Systems (LDS), a private international freight forwarding company in the United Arab Emirates (UAE). The Toll Group said the Middle East and in particular the UAE was a key strategic market ...

Volex awards Panalpina with global contract

-1 Dec 2009

The Volex Group " a global producer of high speed, fiber optic and complex cable assemblies as well as electrical power cords " has awarded its global freight management to Panalpina. The implementation process has started and will be carried out in three ...

Ceva reports 33% drop in Q3 earnings

-1 Dec 2009

Earnings for the world’s fourth-largest supply chain provider dropped by a third in the third quarter. Netherlands-based Ceva Logistics reported US$101.3 million in earnings, down 33 per cent from the third quarter of last year, and $1.5 million less than the previous ...

DHL opens new Philippines Logistics Center

-1 Dec 2009

DHL Supply Chain has opened its new four hectare (40,000 square meters), Php40 million (US$850,000) DHL Logistics Center in Parañaque City in the Philippines. One of the largest DHL Supply Chain facilities in the Philippines, the multi-user facility has been custombuilt ...

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