Security concerns over Bangladesh’s Dhaka Shahjalal International Airport are threatening impacting imports and exports, particularly the country’s lucrative garment trade. A recent ban by the Australian government on certain types of air cargo going Down Under has badly dented Bangladesh’s ready-made garment trade. Similarly, the UK Civil Aviation Authority urged Bangladesh in January to adopt new security measures within the next three months, insisting on a “three-layer security system” … [Read more...] about Bangladesh’s garment trade hit hard by concerns over Dhaka airport security
Freight Forwarders
DHL Supply Chain launches data science white paper
DHL Supply Chain has today launched its latest white paper highlighting the untapped power of data-driven insight for the supply chain. The white paper, titled 'The predictive enterprise: Where data science meets supply chain’, reveals that most companies are sitting upon a goldmine of un-utilised supply chain data that has the ability to give organisations a competitive edge. Data mining, pattern recognition, business analytics, business intelligence, and other tools are coalescing into an … [Read more...] about DHL Supply Chain launches data science white paper
Kerry Logistics aiming to acquire US freight forwarder
Hong Kong-based logistics provider Kerry Logistics Network Ltd. is preparing to expand its global network with the acquisition of an unspecified US freight forwarder, the company told analysts Monday according to the Wall Street Journal, citing a report by investment firm Jefferies Group. The logistics company, with a keen focus on China and Southeast Asia, has been steadily expanding its reach round the world - including Brazil in 2013 and the Middle East and Canada in early 2015 - and in … [Read more...] about Kerry Logistics aiming to acquire US freight forwarder
101 new members for FIATA
The International Federation of Freight Forwarders Associations (FIATA) attracted 101 new members - a record number - in December 2015, 62 of which came from Argentina. "We are so happy to be welcoming these new members and thank them for joining from all corners of the globe,” said the FIATA secretariat in a statement. FIATA treasurer Jean-Claude Delen, from Belgium, echoed the secretariat’s enthusiasm by saying: “I am not surprised that so many members want to join FIATA. For many years … [Read more...] about 101 new members for FIATA
Stifle Logistics Confidence Index sinks to new low
With a score of 45.4, the December edition of the Stifle Logistics Confidence Index has recorded its lowest ever total, amidst a continued pattern of decline. Of the four trade lanes covered by the Index, Europe to US continues to be the most positive, representing the highest-scoring route across both air and sea as well as current and expected situation, with continued strength of the US dollar against the Euro helping to boost performance. By contrast, the performance of trade lanes … [Read more...] about Stifle Logistics Confidence Index sinks to new low
DHL to pay $53m to settle price-fixing suit
DHL Express (USA) has agreed to pay US$53 million to resolve an antitrust class action accusing the express company and others of participating in an international price-fixing scheme, according to documents filed this week in New York federal court. If approved, the settlement would allow DHL to exit the long-running litigation filed in 2008. As part of the deal, DHL has agreed to aid the plaintiff’s claims against the lone remaining defendant, Hellmann Worldwide Logistics Inc., although a … [Read more...] about DHL to pay $53m to settle price-fixing suit