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Tough 2015 for forwarders, but possible 2016 recovery

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With a “meagre” 2.0 per cent growth in cargo volumes globally in 2015, year-onyear and a precipitous 15 per cent slide in yields, the top 20 “elite group” of freight forwarders lost market share in this environment. But a recent report from HSBC suggests global trade should recover in 2016 as demand from developed economies picks up. By Donald Urquhart. Read More … [Read more...] about Tough 2015 for forwarders, but possible 2016 recovery

SingPost ups stake in Shenzhen e-commerce company

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Singapore Post Limited (SingPost) has purchased an additional 17.91 per cent of the equity in eCommerce cross-border solutions provider, Shenzhen 4PX Information Technology Co. Ltd (4PX). The deal worth RMB163.16 million (US$25 million) will see SingPost, through its wholly-owned subsidiary Quantium Solutions International (QSI), increase its equity interest in 4PX from 18 per cent to 35.91 per cent. Headquartered in southern China’s Pear River Delta region, 4PX is one of China’s top … [Read more...] about SingPost ups stake in Shenzhen e-commerce company

Amazon’s aerial ambitions

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If there’s been one persistently hot issue – aside from the depressedair cargo market – that just keeps on getting hotter and hotter, it’sthe topic of Amazon and its purported ambitions to become its owntransport provider. To recap – the fi rst indication Amazon was making moves into thetransport realm was late last year when news reports began circulating thatthe e-commerce company was quietly trialing its own air service in the US,code-named ‘Aerosmith’, which was being operated by Air … [Read more...] about Amazon’s aerial ambitions

Fears of “economic shock” from China contagion

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Supply chain industry executives see a slowing China and fluctuating oil prices as the top threats to emerging markets growth in 2016 and are bracing for more volatility in the global economy, according to the the annual Agility Emerging Markets Logistics Index 2016. Read More … [Read more...] about Fears of “economic shock” from China contagion

Changi stable in 2015, invests in niche cargo segments

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While passenger traffic and aircraft movements set new records at Singapore Changi Airport, ‘stability’ was the word of the year for airfreight movements which held steady at 1.85 million tonnes for 2015. While Changi Airport’s total cargo throughput was little changed from a year earlier, there were pockets of growth in niche cargo segments and investment in new cargo infrastructure is expected to drive further growth in some of these niche sectors. For instance, there was strong … [Read more...] about Changi stable in 2015, invests in niche cargo segments

100th TAPA certified facility in Asia Pacific for DHL Express

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DHL Express has recorded a new milestone after the company's North Operating Center in Beijing became the 100th facility within the DHL Express network in Asia Pacific to be awarded the prestigious TAPA 'FSR' security certification. It is also the company's 22nd facility in China to be TAPA 'A' certified. The Transported Asset Protection Association (TAPA) Asia recognised DHL Express for having the most Freight Security Requirement (FSR) sites in Asia Pacific. The internationally-recognised … [Read more...] about 100th TAPA certified facility in Asia Pacific for DHL Express