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July 2010

Payload Asia Issue Cover

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Freight Forwarders

New Shanghai logistics facility for U-Freight

-1 Jul 2009

International freight service and logistics company, U-Freight has broken ground on a RMB200 million (US$29.3 million) warehousing and office complex at Shanghai Pudong International airport.The new complex â€" expected to be completed within 15 months â€" will incorporate ...

No upturn before 2010 says Kuehne & Nagel

-1 Jul 2009

Swiss logistics group Kuehne & Nagel has seen the pace of decline slow, but does not expect a sustainable recovery before 2010, its chief executive said recently. “The decline in the volumes is not as dramatic as it was a few months ago, but we are not seeing a definite ...

China’s flower power continues to grow

-1 Jul 2009

China’s country-wide floriculture trade annually is an over US$8 billion business and good news for air cargo carriers, the central government is aiming to turn its focus from the domestic to international market. Brian Thomson reports fromChengdu, China.Yunnan ...

FAPAA 36th Executive Council Meeting

-1 Jul 2009

The Federation of Asia Pacific Aircargo Associations (FAPAA) held its 36th Executive Council Meeting and AGM in Bangkok, Thailand in early June with 49 delegates from 18 country associations of the Asia Pacific region and 15 observers in attendance. The three-day event ...

Thai “Merchant of Death” verdict in August

-20 May 2009

Judges in Thailand said they would give until 30 June for closing statements on a US request for the extradition of a Russian who is alleged to be an international arms dealer dubbed the "Merchant of Death." Viktor Bout has been fighting extradition since his March 2008 arrest ...

Huawei selects Panalpina as prime LSP

-15 May 2009

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 ...

Rhenus & Lufthansa team up to boost volumes

-15 May 2009

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 billion), said ...

Q1 profit for Agility amid declining logistics market

-6 May 2009

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 million). "Going forward, we are ...

UPS expands its field stocking network in Asia

-6 May 2009

UPS announced plans this week to boost its global post sales service options by expanding its field stocking location (FSL) network in India and by establishing an Asia Post Sales Customer Support Centre in Clark, Philippines. "Despite current economic conditions, Asia continues ...

Panalpina Q1 profit nose dives 94%

-29 Apr 2009

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 of its workforce. "The massive recession-related ...

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