Identifying a critical need of thelogistics and the trading community,the Sri Lanka Freight ForwardersAssociation (SLFFA) has come forwardto set the first academy to build capacityin international trade and transportationin Sri Lanka, a press release said. This is the first time a transport servicesector association has stepped into aventure that will offer new opportunitiesto the school leavers and industryemployees to get practical experienceand knowledge through working withthe industry and … [Read more...] about SLFFA to build logistics academy
Freight Forwarders
Emirates joins DHL partnership
Emirates Group Security and DHL Global Forwarding have signed a memorandum of understanding (MoU) in Strategic Air Cargo Security Partnership, a DHL Global Forwarding initiative. As one of DHL's preferred air carriers, Emirates is one of the first airline partners to join this programme. The aim of this security partnership programme is to work together and to agree on standard operating procedures(SOP) for high-value and high-risk air cargo, to share best practices and information on crime … [Read more...] about Emirates joins DHL partnership
INDONESIA: IPO of Garuda awaits strategic partner
Flag carrier Garuda Indonesia mayhave to extend the waiting period foran initial public offering. The Departmentof State Owned Enterprises(SOE) has scheduled the carrier and itssubsidiary companies for initial publicoffering/IPO this year 2007. However, the company is still uncertainas it is waiting for strategicinvestors to join. It is planned thatthe government, as the carrier's soleshareholder, will release 49 percent ofshares to strategic partners. The government has agreed torelease … [Read more...] about INDONESIA: IPO of Garuda awaits strategic partner
INDONESIA: Posindo, Gading Sari ink logistcs deal
State-owned postal service companyPT Pos Indonesia (Posindo) has signedan agreement with Gading Sari AviationService Malaysia Sdn. Bhd., through itsIndonesian subsidiary PT Gading SariIndonesia (GSI) for the redesigningand expansion of its logistics division. The CEO of PT. Pos Indonesia, HanaSuryana said the cooperation is part ofPosindo's plan for an initial public offeringwhich is scheduled for 2010. "As preparation for the IPO we needto co-operate with strategic partnerssuch as … [Read more...] about INDONESIA: Posindo, Gading Sari ink logistcs deal
MALAYSIA: GD Express expects profit to double
Malaysian courier firm GD ExpressCarrier Bhd (GDEX) expects its netprofit to double in the fiscal year endingJune 30, 2007, with an expandedand fully automated facility to handlehigher business volume. The company posted a net profitof M$1.2 million (US$341,440) on arevenue of $45.9 million for the yearended June 30, 2006. "We expect net profit to grow by70-100 percent this (fiscal) year, withrevenue growing in the range of 20-30percent. The better results are mainly due to additional … [Read more...] about MALAYSIA: GD Express expects profit to double
HONG KONG: HKG throughput in danger: DHL
Hong Kong's air cargo throughputfrom Mainland China passing through the territory will drop as trade growthbetween China and North Asia shiftsmore of the flow further north, theSouth China Morning Post reported,citing a senior DHL Express official. "Further trade links between Japan,South Korea and China mean fewershipments in and out of Hong Kong," DHL Asia Pacific chief executive ScottPrice said. DHL channels 70 percent of itsChina consignments through its southernChina hub in … [Read more...] about HONG KONG: HKG throughput in danger: DHL
