New Chongqing logistics park leads Goodman’s west China portfolio HONG KONG — The first 1.2 million square feet of Goodman Chongqing Airport Logistics Park has been developed as part of a $400 million investment being rolled out in western China over the next two to three years by the Australia-based property group.Another 860,000 square feet […]
Read More →Aggressive investment yields growth for Gulftainer
on March 26, 2015in Uncategorized
Aggressive investment yields growth for Gulftainer Gulftainer’s goal to triple volume over the decade through aggressive investment came a step closer in 2014 after the terminal operator increased handling 8 percent year-over-year. The United Arab Emirates-based port management and logistics company achieved a total of 6.4 million TEUs across its global portfolio in 2014, a […]
Read More →Kerry Logistics hatching plan to enter ‘chaotic’ China courier market
on March 26, 2015in Uncategorized
Kerry Logistics hatching plan to enter ‘chaotic’ China courier market HONG KONG — Kerry Logistics plans to build a regional express delivery platform in China and across the Asean region to capitalise on a rapidly growing segment of the logistics business, but it will be a cautious entry into a difficult market.“The situation in China […]
Read More →CCL takeover rewards Li & Fung with sharp logistics revenue growth
on March 19, 2015in Uncategorized
CCL takeover rewards Li & Fung with sharp logistics revenue growth Source: Li & Fung 2014 financial results.HONG KONG — Revenue from Li & Fung’s logistics network soared 66 percent in 2014 to $874 million as the acquisition of giant sea freight forwarder China Container Line last year made its presence felt on the balance […]
Read More →FedEx profit soars as ‘modest’ global growth improves outlook
on March 18, 2015in Uncategorized
FedEx profit soars as ‘modest’ global growth improves outlook Across-the-board gains in freight volumes and a strong peak shipping season drove FedEx profit skyward, lifting net income 53 percent year-over-year to $580 million in the fiscal quarter that ended Feb. 28, while total revenue rose 4 percent to $11.7 billion. Neither winter weather, successive holiday […]
Read More →African truckers employed by Agility protest long driving hours
on March 17, 2015in Uncategorized
African truckers employed by Agility protest long driving hours Truck drivers employed by Agility Logistics in Kenya are protesting long working hours and lack of union representation, allegedly disrupting traffic on a key trade corridor that connects the Port of Mombasa to inland markets in Uganda and other nations. The protests, following a truck driver […]
Read More →Anything is possible
on March 17, 2015in Uncategorized
Anything is possible As thousands of logistics executives from around the world filled the halls of the Long Beach Convention Center over a three-day period for the 15th Annual JOC TPM Conference this month, I couldn’t help but flash back to the first TPM in 2000, when there were about 300 of us… Anything is […]
Read More →Avoiding the ugly American
on March 16, 2015in Uncategorized
Avoiding the ugly American Jack was excited about his pending business trip to China. Not only would this be his first trip to a foreign country, but as a newly promoted manager, Jack also would be the project lead for negotiating a key contract with a prominent manufacturing company in Suzhou. Jack spent grueling hours… […]
Read More →APL Logistics to set up Sri Lanka hub
on March 13, 2015in Uncategorized
APL Logistics to set up Sri Lanka hub HONG KONG — APL Logistics will establish a regional consolidation hub for South Asia in Sri Lanka by the second half of 2015, the Singapore-based forwarder has announced.In its first major announcement since being acquired by Kintetsu World World Express (KWE) for a premium $1.2 million, APL […]
Read More →China-Europe rail services starting to turn shippers’ heads
on March 11, 2015in Uncategorized
China-Europe rail services starting to turn shippers’ heads SHANGHAI — Forwarders are reporting a steady rise in shipper enquiries into the China-Europe rail route from higher value shippers looking for an alternative to expensive and often unreliable air freight and the lengthy ocean shipping.Several of the global forwarders have weekly, and sometimes twice weekly, rail […]
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