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July 2010

Payload Asia Issue Cover

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Express

China's trade surplus rises in June

-8 Jul 2010

China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun ...

WCO and TIACA agree to greater cooperation

-6 Jul 2010

The World Customs Organization (WCO) and The International Air Cargo Association (TIACA) have signed a Memorandum of Understanding to help identify how the air cargo industry can assist in priority Customs objectives and to discuss how these can be best achieved with minimum disruption ...

IATA success in standardising cargo liability

-6 Jul 2010

The International Air Transport Association (IATA) announced the standardisation of cargo liability limits. With effect from 1 July 2010, the Air Waybill (AWB) Conditions of Contract (IATA Resolution 600b) have been changed to harmonise the application of the Montreal Convention ...

FedEx posts full-year $1.2 billion profit

-1 Jul 2010

FedEx Corporation posted a full-year net profit of US$1.2 billion, up from last year’s $98 million. Revenue was down two per cent at $34.7 billion. For the fourth quarter, revenue climbed 20 per cent ona year-on-year basis to $9.4 billion. The group’s Express ...

DHL flourishes in Vietnam its economy soars

-1 Jul 2010

DHL Express says Vietnam looks set to maintain its top rank as the “Asian tigerin- waiting” following what it has assessed as the region’s strongest post-recession recovery. In tandem with the country’s growth, DHL Express Vietnam said its volumes grew more ...

Toll Group buys Qantas’ DPEX

-1 Jul 2010

The Toll Group has purchased DPEX Group, one of the largest independent express air freight businesses in Asia, from Qantas. The move is seen as strengthening Toll Priority, the group’s own parcels division which has proved more profitable of late than the general freight arm. ...

Air cargo demand continues rebound: IATA

-30 Jun 2010

The International Air Transport Association (IATA) announced international scheduled traffic statistics for May which showed a 34.3 per cent jump in freight demand and an 11.7 per cent increase in passenger traffic and compared to May 2009. “Demand rebounded strongly in May ...

WCO and TIACA agree on closer cooperation

-30 Jun 2010

The World Customs Organization (WCO) and The International Air Cargo Association (TIACA) have signed a Memorandum of Understanding to help identify how the air cargo industry can assist in priority Customs objectives and to discuss how these can be best achieved with minimum disruption ...

China will be biggest manufacturer in 2011

-30 Jun 2010

The US is poised to lose its 110-year run as the world's largest manufacturing nation by output, in 2011 to China, according to IHS Global Insight figures released recently. The US created 19.9 per cent of world manufacturing output last year, compared with 18.6 per cent in China, ...

DHL to invest €50M to grow service logistics stake

-26 May 2010

Aiming to capture a growing slice of the €3 billion outsourced Service Logistics market in Asia Pacific, DHL Supply Chain has announced plans to invest €50 million over the next five years to grow its Technical Services offering, part of its overall Service Logistics solution. ...

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