Freight Forwarders

CEVA awarded contract with GM

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CEVA Logistics has expanded its activitieswith General Motors outside theUS with a new contract with GeneralMotors (Thailand). This is the first logistics contractbetween CEVA and GM in Thailand. 'General Motors is the biggest automotivecompany in the world, and theiroperation in Thailand is extensive,'commented CEVA's business development director Matthew Stimpson. 'The new contract will further strengthen our global relationship with GM, which includes significant operations in the US, … [Read more...] about CEVA awarded contract with GM

SLFFA to build logistics academy

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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

Emirates joins DHL partnership

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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

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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

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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

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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