China Post & Lufthansa Cargo inks Joint Freight Operation

China Post & Lufthansa cargo have come up with a strategic agreement of sharing Boeing 777 freighter cargo capacity on Shanghai - Frankfurt route. Lufthansa airlines (LH) will provide block space to China Post on its freighter & passenger aircraft on regular basis. Currently LH is operating 18 wide body aircrafts &10 weekly 777F weekly out of China . Both...

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Hong Kong airfreight chief steps down

Hong Kong Association of Freight Forwarding and Logistics (HAFFA) chairman Paul Tsui is to step down and will be replaced by Cliff Sullivan, senior vice-president of A-Sonic Logistics. Mr Tsui is a 30-year veteran of the airfreight industry and in 2001 founded Janel Group, which now employs 250 staff in offices throughout China. Mr Sullivan has been a HAFFA executive...

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FedEx-TNT deal edges forward

FedEx’s potential $4.8bn takeover of TNT has edged further forward as the US express giant has filed regulatory paperwork to the European Commission. Over the weekend, the New York Stock Exchange-listed logistics company confirmed it had submitted the required filing to the EC to obtain regulatory clearance in connection with the intended recommended public cash...

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Hellmann gains AEO status in the UK

Hellmann Worldwide Logistics UK has been awarded authorised economic operator (AEO) status by HM Revenue & Customs. The supply chain quality standard highlights businesses involved in the international supply chain. The two-year process began in December 2012 and involved Hellmann training over 500 staff to complete the process and achieve...

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China lifts price controls on 24 commodities, services

China will lift controls on prices of 24 commodities and services, said the National Development and Reform Commission on Sunday. Market will decide the price of tobacco leaves, the last agricultural product to be freed from government price control, but a minimum price will be set to protect farmers, said a statement on the commission website. Prices of railway bulk cargo, parcels and privately funded cargo and passenger transport will also be allowed to float. Railway passenger and cargo prices...

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