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Chattanooga, Tenn.-based Kenco Logistic Services said it now has 22 million square feet of warehouse space under management, having added 1.95 million square feet in the first quarter. New warehouse operations are providing complete logistics services for consumer goods manufacturers ranging from kitchen and bath products to vacuum cleaner and small a...
Nippon Express said its subsidiary Nippon Express (Vietnam) Co. Ltd. will open a bonded warehouse within the Minh Quang Industrial Zone on the outskirts of Hanoi. Construction is scheduled to be completed in December 2008. Like China and Thailand, Vietnam is attracting increasing interest as an overseas base for global manufacturing and distributi...
The U.S. House of Representatives on Wednesday passed a new farm bill with a provision urging U.S. Customs and Border Protection to back off from a proposal to redefine how imports are valued for tax purposes. The Department of Homeland Security agency angered a large contingent of importers early this year when it declared plans to abolish the first ...
Current credit market conditions and slowing activity in the United States will see merger and acquisitions in the global transport and logistics industry fall short of 2007 levels, according to PricewaterhouseCoopers. The accountants' quarterly report, Intersections, shows that both deal volume and value in the sector declined during the first quart...
Wartsila Corporation opened yesterday its first office in Oslo, as part of the company's strategy to establish a greater presence in Norway and to be closer to the customers. Currently, Wartsila has operations in Rubbestadneset, Stord, Haugesund, Stavanger, Bergen, Alesund and Trondheim. During the past year, the company has set up the offices in Haugesun...
On May 15 the Board of Directors of Far-Eastern Shipping Company Plc., the issuer of shares for FESCO Transportation Group, passed the resolution to issue 590,250,000 new common shares. The additional issue will be placed through open subscription, existing shareholders are granted preemptive right to acquire pro-rata number of new shares. According t...
The IRU Passenger Transport Council (CTP) adopted a blueprint for a multilateral agreement on regular bus and coach lines, which will be submitted to the United Nations Economic Commission for Europe (UNECE) in October 2008. CTP President, Graham Smith, said: “The multilateral agreement we will be proposing in cooperation with our public partners from...
The U.S. House of Representatives on Wednesday passed a new farm bill with a provision urging U.S. Customs and Border Protection to back off from a proposal to redefine how imports are valued for tax purposes. The Department of Homeland Security agency angered a large contingent of importers early this year when it declared plans to abolish the first ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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