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EVIDENCE is mounting that the capacity discipline lesson of the 2009 downturn is being lost in bullishness of the 2010 air cargo recovery, say Seabury Group analysts Ryan Keyrouse and Gert-Jan Jansen. "Capacity should balance with demand growth. With the air freight market forecast to grow 25 per cent over the next five years, capacity growth should match...
FEDEX Express has announced the launch of FedEx International First - a time-definite, customs-cleared, door-to-door service that will deliver shipments by 10am on the same day of delivery commitment to eastern and southern China as well as Singapore. With FedEx International First, customers in major cities in eastern and southern China can now receive ...
KUEHNE + Nagel has taken over the management of the plant warehouse operation for Continental Tyre at its production houses in Port Elizabeth. Under the terms of the new contract, Kuehne + Nagel will support Continental Tyre's original equipment and aftermarket dealer business in South Africa. The service offering includes receiving tyres from product...
DHL Express has announced it has launched two additional next-day flights: the first one between Asia-Pacific and the United States and another from the US to the Middle East to meet growing demand. The additional daily route from Hong Kong to Cincinnati, US is a response to the increasing demand from South China and Hong Kong to North America. "Throug...
SINGAPORE's Neptune Orient Lines' (NOL) container unit APL handled 231,100 FEU in the four-week period ending May 6, marking a nine per cent increase more than the 212,000 FEU handled in same period last year. But the average revenue per box dropped four per cent to US$2,549 per FEU, seeing the lowest point of freight rates since the first month of 2010...
THE Toll Group plans to acquire 40 per cent of Tianjin Anda Logistics, a large third party logistics provider in China's rapidly expanding automotive market. Toll managing director Paul Little said the Chinese automotive market - the largest in the world - offers "immense opportunities" for the company to leverage its automotive capabilities. "The mark...
Australian logistics company Toll Holdings plans to buy 40 percent of Chinese automotive services firm Tianjin Anda Logistics, reported Dow Jones Newswires. "The Chinese automotive market is the largest in the world and offers immense opportunities for Toll to leverage our industry leading automotive capabilities," Toll managing director Paul Little said....
FOUR former air freight employees have been accused by a US federal prosecutor of stealing US mail parcels destined for American Samoa when they worked for Pacific Air Cargo. The four, who were employed as ramp workers, have been charged with conspiracy to commit theft from mail between November 2010 and the end of this February. The Honolulu Star-Adver...
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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