Logistics News

Hong Kong to hold Air Freight Asia Expo March 8-10Feb 23, 2011

AIR Freight Asia 2011 will be held at AsiaWorld-Expo at the Hong Kong airport from March 8-10. The event is being organised by Hong Kong International Airport and China Logistics Club, and is sponsored by the Hong Kong Logistics Development Council. Tours of Hong Kong Air Cargo Terminals (Hactl), Asia Airfreight Terminal (AAT) and DHL Central Asia Hub a...

Damco to transport potash exports from JordanFeb 23, 2011

THIRD party logistics provider, Damco, has been awarded the ocean business of National Oil Field Equipments & Services (NOFE), an Amman-headquartered exporter of potash in Jordan to markets in the Middle East, North Africa and South Asia. Potash is used in oil drilling and fertilisers. The company said in a statement that it will utilise "fixed and s...

Kerry Logistics buys Hong Kong school meal catering firmFeb 23, 2011

KERRY Logistics has acquired Nine to Five (9-to-5), a school meals catering company from the Jardine Matheson group, and plan to expand its food trading business in Hong Kong. The acquisition will complement Kerry Logistics' food trading and logistics businesses by increasing market share and enhancing coverage and competitiveness, said a company statem...

South African trucks back on the road as strike endsFeb 23, 2011

SOUTH AFRICAN truckers were returning to work after a deal was struck between unions and management, reported London's Containerisation International. The Road Freight Employers Association (RFEA) and the South African Transport and Allied Workers' Union (SATAWU) agreed to a nine per cent annual pay increase and the use of fewer labour brokers and consu...

TNT beats 4Q estimates as it focuses on costsFeb 22, 2011

TNT reported better-than-expected operating profits and said it would focus on costs and improving yields to counter fuel costs as it prepares to spin off its express unit from its mail division. Europe's second-largest mail and delivery firm after Deutsche Post said that it saw a mostly stable economic environment but would look to make savings to tackl...

Asiana and bank to sell 37.6% 0f Korea ExpressFeb 22, 2011

Korea Development Bank and Asiana Airlines will sell a combined 37.6 percent stake in logistics company Korea Express , and will aim to select a preferred bidder by May, reported Dow Jones Newswires. A KDB official, who declined to be identified, said the managers for the Korea Express sale have sent a teaser letter to 10 potential buyers, including South...

FedEx to open disribution centre in NorcrossFeb 22, 2011

FedEx Corp expects to employ 240 workers and 75 contractors when it opens a new US$55 million distribution centre in Norcross next year, reported Associated Press Newswires. The 215,000 sq ft facility is designed to process 15,000 packages per hour, and will have the capacity to dispatch 75 pickup and delivery vans each day, according to officials with Me...

Germany to boost safety measures for air cargoFeb 22, 2011

The German government plans to increase safety measures for air cargo significantly and expects transport companies to pay for the additional costs, daily Die Welt said. A spokesman for Germany's Federal Ministry of the Interior is cited as saying that the government was looking into possibly introducing fees to finance the additional security measures. ...

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