Express integrator TNT has opened a new Philippines-based depot in San Fernando, Pampanga province north of Manila. The PHP15 million (US$312,700) depot is expected to significantly increase TNT’s connectivity and presence in Pampanga, particularly in the special economic zones of Subic and Clark, as well as the rest of Northern Luzon. TNT said the new depot is part of its continued investment in Southeast Asia and is integral to the company’s plans to build its presence … [Read more...] about TNT opens PHP15 million Philippine depot
Express
Japan Post pulling out of cargo JV with ANA
Japan Post Service Company is planning to pull out of an international air cargo joint venture with All Nippon Airways, according to a Jiji Press report. Japan Post Service, a subsidiary of Japan Post Holdings, intends to sell its entire 33.3 per cent stake in the cargo carrier, ANA and JP Express to the airline company, the report said quoting unnamed sources. ANA currently holds 51.7 per cent in ANA and JP Express. The rest is owned by Nippon Express and Mitsui OSK Lines. Japan Post … [Read more...] about Japan Post pulling out of cargo JV with ANA
UPS, Shenzhen Customs MOU for 24/7 ops
UPS and the Shenzhen Customs authority have signed a memorandum of understanding (MOU) to seal the terms of their partnership at the soon-to-becompleted UPS intra-Asia hub, located at China’s Shenzhen International Airport. “We believe the new hub will greatly boost export developments in the Pearl River Delta region and increase the total volume of freight transportation and employment level,†said Shi Fushen, deputy director general, Shenzhen Customs Provincial HQ. … [Read more...] about UPS, Shenzhen Customs MOU for 24/7 ops
EADS chief says orders may be down for two years
With the global economic quagmire flattening demand for aircraft, the head of Airbus SAS’s parent said carriers may be less inclined to take new aircraft in the next year or two as they grapple with the decline in global traffic, the said. “The market isn’t dead, we have some campaigns, but it’s not extremely active, that’s clear,†European Aeronautic, Defence & Space Co. chief executive Louis Gallois told Bloomberg. “It’s … [Read more...] about EADS chief says orders may be down for two years
Datamonitor: Positive economic signs a start
Positive economic indicators coming out of Europe, Asia and the US over the last ten days give reason to forecast a recovery in the global logistics and express industry. However, for global freight and parcel volumes and revenues to rebound significantly there will need to be major improvements in consumer confidence, industrial output and subsequent international trade volumes, according to new research by independent market analyst Datamonitor. … [Read more...] about Datamonitor: Positive economic signs a start
IATA: Cargo drop slowed but yield still down
The year long decline in global air cargo slowed in July but revenue and freight rates remain under intense pressure, the International Air Transport Association (IATA) said. Cargo volumes fell 11.3 per cent last month from July 2008, compared with a 16.5 per cent year-on-year decline in June and a 19.3 per cent average for the first seven months of the year, it said. Despite this improvement the July load factor, or capacity utilisation, fell to 47.6 per cent from 49 percent in July 2008. "The … [Read more...] about IATA: Cargo drop slowed but yield still down
