Negotiations for the first major global accord in the World Trade Organisation’s 19-year history which would have standardised customs rules, collapsed today over food-subsidy objections raised by India. Negotiators for a Trade Facilitation Agreement at WTO headquarters in Geneva failed to agree as a midnight deadline passed to implement part of the accord by the end of July as India refused to proceed without assurances the pact would allow it to keep protections for its … [Read more...] about WTO talks fail as India derails process
Logistics
FIATA unveils digital cargo doc platform
The International Federation of Freight Forwarders Associations (FIATA) has announced that its digital FIATA Documents are now a reality. The Digitalisation Platform, powered by CargoDocs, has now been launched in the FIATA constituency. After testing the product through FIATA’s Association Membership, FIATA and essDOCS have agreed that the product was ready to be opened up to interested parties wanting to implement the system in their day-to-day business. “This is as … [Read more...] about FIATA unveils digital cargo doc platform
Hactl pioneers pharma GDP cert in Hong Kong
Hong Kong Air Cargo Terminals (Hactl) – Hong Kong’s largest cargo handler – is the first handling facility at the airport to achieve Good Distribution Practices (GDP) accreditation, bringing it in line with the World Health Organisation’s (WHO) quality assurance guidelines for the handling of pharmaceuticals. To meet the GDP guidelines, Hactl has enhanced the temperature-controlled zones in its SuperTerminal 1 facility, to accommodate pharmaceutical products … [Read more...] about Hactl pioneers pharma GDP cert in Hong Kong
SIA Cargo revenue down despite slight yield gain
The Singapore Airlines Group earned an operating profit of SG$39 million (US$31.2 million) in the first quarter of the 2014-15 financial year, $43 million (-52.4 per cent) lower than last year. After non-operating and exceptional items, Group net profit was $35 million, down $87 million (-71.3 per cent) over the same period last year. Group revenue fell $158 million (-4.1 per cent) to $3,682 million. Passenger revenue declined year-on-year on the back of weaker yields amid intense … [Read more...] about SIA Cargo revenue down despite slight yield gain
UPS expects “excellent” peak season this year
Calling 2014 “the year of investing for the customer,” UPS’s CEO, Scott Davis announced plans to invest nearly US$175 million in its US network earlier in the year to develop technology to improve communications and forecasting - the ORION project - and open 50 new hub source locations in existing buildings to expand sorting capacity. Meanwhile in Europe, because of the strong quarterly shipment growth and changing volume distribution patterns, UPS had to pay a … [Read more...] about UPS expects “excellent” peak season this year
UPS expects “excellent” peak season this year
Calling 2014 “the year of investing for the customer,” UPS’s CEO, Scott Davis announced plans to invest nearly US$175 million in its US network earlier in the year to develop technology to improve communications and forecasting - the ORION project - and open 50 new hub source locations in existing buildings to expand sorting capacity. Meanwhile in Europe, because of the strong quarterly shipment growth and changing volume distribution patterns, UPS had to pay a … [Read more...] about UPS expects “excellent” peak season this year
