US President Donald Trump puts 25% tariff on goods from China

800 products exported by China to US worth $34bn will be affected by increased tariff which will come into effect from 06/Jul/2018.

As per White House more tariff will be imposed on products worth $16bn later after discussion.

China retaliates saying that it will impose additional 25% tariff on US goods affecting 659 goods worth $50bn

As per Mr. Trump tariffs are essential to protect from unfair transfer of intellectual copyright & technology which will help save hundred of jobs.

Stock markets have crashed in US & Europe considering expected trade war between these 2 countries.

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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 committee member since 2001.

Source : http://www.aircargonews.net/news/people/single-view/news/hong-kong-airfreight-chief-steps-down.html

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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 offer for all issued and outstanding ordinary shares in the capital of TNT Express.
It added that it expected to submit a request for review and approval of its offer document with the Netherlands Authority for the Financial Markets before June 30, as required under Dutch law.
“Based on the required steps and subject to the necessary approvals, closing of the Offer is anticipated in the first half of calendar year 2016,” FedEx said.
Other approvals will also need to be gained, with the offer conditional on FedEx also obtaining the required competition clearances in China, Brazil and, to the extent applicable, the US.
Under the planned deal, the relatively small TNT air fleet of 54 freighter aircraft would be sold to a third party, to assuage the competition authorities in the European Union and elsewhere. This had been one of the major sticking points in the previous proposed UPS takeover.
TNT's owned and leased fleet includes B777Fs, B747Fs, and a combination of BAe 146, Boeing B737Fs and B757Fs. 
The two sides reached a conditional agreement on the deal earlier in April. The agreement recommends an all-cash offer by FedEx for all issued and outstanding ordinary shares, including shares represented by American Depositary Receipts of TNT Express for a cash offer price of €8.00 per share.

Source : http://www.aircargonews.net/news/airlines/single-view/news/fedex-tnt-deal-edges-forward.html

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DHL Supply Chain boosts Chinese logistics investment

DHL Supply Chain (DSC) has more than doubled its commitment to infrastructure investment in China, with a further Euro113m added to the Euro105m committed by the German-owned logistics operator last year.

The total Euro218m investment will support the development of DHL’s Chinese network and, in particular, six new logistics facilities scheduled for completion by 2020 in Guangzhou, Hangzhou, Wuhan, Shenyang, Shenzhen and Shanghai Waigaoqiao Free Trade Zone.
"By working closely with our customers who provide us with their demand forecast, we have a clear roadmap of the locations we need to be in, as well as the level of the services required,” said Oscar de Bok, chief executive of DHL Supply Chain Asia Pacific. 
“In China alone, DSC will expand its warehouse facilities and transport capacities by 50% over the next three years."
DSC recently opened its state-of-the art 54,000 sq m Chengdu Logistics Centre facility in western China to support customers across a spectrum of industries including technology, consumer and healthcare. The new facility also acts as a multi-user cross-dock to support the effective and efficient transportation of products across the Western region.
Zou Yin, managing director of DHL Supply Chain China, said: "Helping companies navigate China's vast geography and varied terrain to deliver their goods safely, efficiently and cost effectively has been the holy grail of the logistics industry."
New facilities have also been introduced in Beijing, Shanghai, Guangzhou and Shenzhen, while the roll-out of DHL Supply Chain cross-docks has been accelerated across China to allow the transfer of cargo with minimal warehousing.

Source : http://www.aircargonews.net/news/single-view/news/dhl-supply-chain-boosts-chinese-logistics-investment.html

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