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...

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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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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...

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