Brambles, the global supply-chain logistics provider has announced an agreement to divest CHEP Aerospace Solutions, the Groups unit load device (ULD) pooling, management, maintenance and repair provider for the aviation industry, to EQT Infrastructure II, a leading infrastructure fund. The transaction will be finalised in November 2016. Brambles formed CHEP Aerospace Solutions in 2011 following the acquisition and integration of a number of prominent ULD solutions companies. Through … [Read more...] about Brambles sells off CHEP Aerospace to EQT
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FedEx Trade Networks expands in Malaysia
FedEx Trade Networks, a premier international freight forwarder, announced the opening of a new office in Malaysia. Based in Penang, the additional facility highlights the continued expansion of FedEx Trade Networks to meet the growing market demand. “With our network stretching into Malaysia, we are well positioned to proactively respond to customer needs and support them in simplifying the complexities of international shipping,” said Udo Lange, executive vice president … [Read more...] about FedEx Trade Networks expands in Malaysia
Logistics index hits 14th negative month
The Stifel Logistics Confidence Index has reached its 14th consecutive month of negative confidence, with the numbers suggesting this will continue into 2017. “As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time,” the Ti-composed Stifel Logistics Confidence Index said. While the ocean shipping industry continues to struggle with its overcapacity issue the one bright spot at present is the performance of air freight, it … [Read more...] about Logistics index hits 14th negative month
India’s Competition body orders fresh IATA probe
India’s Competition Appellate Tribunal has set aside the findings of the fair trade regulator CCI, which had found that the International Air Transport Association (IATA) and its Indian affiliate had not violated competition norms and directed a fresh probe into the issues. The fresh investigation into IATA’s implementation of the Cargo Accounts Settlement System (CASS) is a long running issue in India and has been vigorously opposed by the Air Cargo Agents Association of India … [Read more...] about India’s Competition body orders fresh IATA probe
Special edition
In this special edition of Payload Asia we’re very pleased to bring you coverage of our 5th annual Payload Asia Conference & Awards. Having successfully wrapped up the annual event in Hong Kong for the first time in end-September we would like to extend a very big thank you to all the companies who participated in the awards, to those who voted for them, the judges who graciously volunteered their time to assess the companies for the Industry Choice section and to all who attended … [Read more...] about Special edition
DHL Express opens €85 million South Asia Hub in Singapore
Aiming to accommodate the rapid growth of regional volumes fueled in part by e-commerce which DHL Express CEO Ken Allen said could be the “next game changer” that could help to restore global economic growth rates, the world's largest international express services provider launched its new €85 million DHL South Asia Hub in Singapore on Tuesday. The expanded capacity will be needed Allen said, to handle the “tremendous growth” in the southern Asia Pacific region. Much of this growth is … [Read more...] about DHL Express opens €85 million South Asia Hub in Singapore
