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
Freight Forwarders
TNT continues Viet expansion with new ops hub
TNT, leading provider of integrated express services, officially opened its expanded and re-modeled International and Domestic Operations Centre in Ho Chi Minh City this week. Located next to Tan Son Nhat International Airport, the 3,000 sq metre facility features state-of-the-art technology for freight processing, tracking and security. TNT said it aims to "take a key position in contributing to the support of important national trade and development goals," by modernising and expanding the … [Read more...] about TNT continues Viet expansion with new ops hub
DHL profit plunges 71 per cent, outlook uncertain
Depressed revenue and bad debts pushed profit in the second quarter down 71 per cent for The world's biggest logistics company as Deutsche Post DHL warned of tough market conditions going forward. Profit plunged to US$93.7 million from $328 million a year ago. Mail, express, freight forwarding and contract logistics revenue all shrank by nearly 18 per cent to $15.8 billion. Operating income fell by a lower-than-expected 38 per cent to $392 million, aided by cost cutting. The Bonn-based company, … [Read more...] about DHL profit plunges 71 per cent, outlook uncertain
Schenker begins ops at new Korean semiconductor facility
DB Schenker has extended its involvement in the Korean logistics market with the start of operations of Schenker Korea Ltd's semiconductor distribution centre at its Korea Logistics Center in the Free Trade Zone at Incheon Airport. The first of its kind in Korea, the facility began operations recently for Dutch company ASML - a leading provider of lithography systems for the semiconductor industry that are critical to the production of integrated circuits, or chips. … [Read more...] about Schenker begins ops at new Korean semiconductor facility
DB Schenker inaugurates new Euro air freight hub
DB Schenker inaugurated its new €50 million European air freight hub at Frankfurt Airport this week, with operations to begin in early August which will see import and export units currently operating at different sites merged into a single unit at the airport. “This European hub is an essential turntable within our international air freight network. It will contribute to expand our position in the global competition,†said member of the Management Board of DB Mobility … [Read more...] about DB Schenker inaugurates new Euro air freight hub
China posts 7.9% GDP growth for second month
China has reported a 7.9 per cent year-on-year growth in its estimated gross domestic product (GDP) for the second quarter, spurred by a government economic stimulus package. The April-June figure was up from 6.1 per cent in the first quarter and took China's GDP growth to 7.1 per cent for the first six months of this year compared with the same period last year, according to the country's National Bureau of Statistics. In another sign of improvement, China's industrial output grew by 10.7 per … [Read more...] about China posts 7.9% GDP growth for second month
