Panalpina Opens new logistics centre at Singapore

Located on Pioneer view with an area of 3.5 football pitches Panalpina opens new logistics centre at Singapore. The warehouse is constructed six floor measuring 25,800m2 of which major space is already rented out . As per chief executive officer of Panalpina Singapore is very important location for Panalpina as 96 out of its 100 global customer are based out of Singapore. The...

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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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DHL Global Forwarding planning to expand freighter service

With increasing demand DHL Global Forwarding is planning to expand its freighter services to meet customer expectation & demands. According to David Goldberg , Chief Executive, Global Forwarding , US , steady & predictable service along with steady rates to be provided to customer throughout the year. As per him last year there were many airlines who cancelled...

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Air Incheon launches freighter service to Hanoi

Air Incheon has launched freighter service to Hanoi while ACSV(Air Cargo Services of Vietnam) will be its handling partner at Hanoi. This South Korean carrier has also promised to lauch its 2nd freighter by end of this year. Considering the global expansion Air Incheon has taken this decision & may launch more services in future. Air Incheon & ACSV partnership...

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George Willis Appointed as President of UPS US Operations

Effective May 1, UPS has appointed George Willis as president of US operations. Willis will succeed Myron Gray who chose to retire after serving for 40yrs at UPS . Willis will report to Jim Barber & will join most senior leadership group of the company. Willis began his career with UPS in 1984 as part time package handler in the Georgia district & many other part time supervisory roles while attending Morehouse college. He received his bachelor degree from Trinity college...

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Mike Ducker , Fedex Freight President Retiring After 43 yrs service..

Michael L. "Mike" Ducker the Fedex Freight President after 43yrs service is retiring Aug. 15 as announced by company. The new successor would be named soon. Ducker native of Chattanooga joined FedEx Express in 1975 and served in frontline operations staff at the Memphis hub. He rose through operations rank in 1980s & handled international assignments staring...

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Kerry Logistics added 2 more directors...

 Kerry Logistics has appointed two more directors namely Mathieu Renard Biron & Patrick Chea in its team.  Mathieu Renard Biron as Managing director based out of Hongkong & Bangkok will be responsible for strategic development of group international freight forwarding division on both strategic & operational level. In earlier roles he has worked with several logistics, freight forwarding & manufacturing corporations since 1991 & last served as Geodis group...

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DHL airfreight volumes decline as it turns away business to protect margins

Freight forwarder DHL Global Forwarding's decision to turn away airfreight business to protect profits in the first half of this year resulted in a decline in volumes. The Bonn-headquartered forwarder recorded a 7.2% year-on-year decline in airfreight exports during the second quarter to 530,000 tonnes, while the half-year result was down by 3.6% to 1m tonnes. Second-quarter...

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European airports record growth in H1 2015, but only just

European airports just managed to drag cargo volumes into positive growth for the first half of the year thanks to improved performance in June. Figures from the Airports Council International (ACI) Europe show that freight volumes for the first half of the year increased by 0.5% against a year earlier. The organisation was not too optimistic for...

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Swiss and Lufthansa to launch new cargo pricing structure

Swiss WorldCargo and Lufthansa Cargo are to launch a two component pricing structure - a net rate plus airfreight surcharge – to reflect the "volatility of external cost factors". A joint letter to customers states: “The new airfreight surcharge will be significantly lower compared to the combined fuel and security surcharges, which will be eliminated...

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Logistics sector losing the price war

  A large section of the logistics sector is losing the battle to implement planned price increases, coupled with an extremely low success rate when introducing new products and services. These are the results of the most recent Global Pricing Study*, based on responses from approximately 1,600 managers, conducted by the global strategy consulting firm Simon-Kucher...

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Brussels launches probe into FedEx’s proposed TNT takeover

The European Commission has opened an in-depth investigation into FedEx’s proposed $4.8bn takeover of TNT Express over concerns the deal could reduce competition and push up prices. The Commission said it had concerns that on a number of European markets for international express and regular small package deliveries, the merged entity would face insufficient competitive...

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Tough June for Europe's air cargo carriers

European airlines continued to struggle with the continent’s weak economic conditions last month with volumes and load factors continuing to lag behind last year’s levels. Combined data from the IAG Group, Lufthansa Group, Air France KLM and Finnair show that demand at the airlines they own declined by 4.6% year on year in June in terms of revenue/cargo tonne km. Meanwhile,...

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UPS expands express freight service

UPS is adding eight origin and five destination countries to its Worldwide Express Freight service, designed for urgent, time-sensitive and high-value international heavyweight shipments. The expansion adds five countries in Latin America and three in Europe. UPS now offers the guaranteed service – targeting product launches, inventory shortages or equipment...

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Airfreight demand growth "comes off the boil" in May

  Cargo demand growth “came off the boil” in May, while capacity additions have resulted in a further weakening of load factors. Figures from the International Air Transport Association show that demand growth in freight tonne km terms increased 2.1% year on year in May, which is the slowest growth rate recorded this year, compared with growth of 4% for the first...

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