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
Logistics
Toll acquires three Asian express businesses
Hot on the expansion trail, Australia’s Toll Group, a leading provider of integrated logistics services in the Asian region, has announced the acquisition of three Asian based international express businesses. Toll has acquired the Asian operations of Deltec in Hong Kong, Singapore and Australia to complement its existing air freight operations in Australia and New Zealand. The Deltec business has multiple product offerings including international express, local point to point … [Read more...] about Toll acquires three Asian express businesses
Aramex opens German express network
Global logistics solutions provider, Aramex, has announced the opening of new offices in Germany, including Hamburg, Cologne and Frankfurt, as part of its business expansion strategy. Hamburg will serve as the country head office, with Cologne hosting the main hub, night operations and line-haul system, while Frankfurt will serve as the international gateway for imports,exports, and customs clearance. “Germany is a vibrant European market for Aramex and we believe there is still huge … [Read more...] about Aramex opens German express network
China’s flower power continues to grow
China’s country-wide floriculture trade annually is an over US$8 billion business and good news for air cargo carriers, the central government is aiming to turn its focus from the domestic to international market. Brian Thomson reports fromChengdu, China. Yunnan Province is one of the major areas for flower farming in China with the area under cultivation for cut flowers increasing in just one year by 15 per cent, showing the eagerness of the industry to expand. Currently, some … [Read more...] about China’s flower power continues to grow
Toll to acquire full ownership of Chinese operation
Australian group Toll, one of the Asia region’s leading providers of integrated logistics, has announced it has reached an agreement with China Merchants Group to acquire all the remaining 49 per cent of shares in Shenzhen-based ST-Anda Logistics. ST-Anda has an extensive logistics network across mainland China with warehouses and depots in more than 30 cities and a distribution network reaching over 1,500 cities across the country, according to Toll. “Moving ST-Anda to … [Read more...] about Toll to acquire full ownership of Chinese operation
DHL invests US$13 million in Hong Kong
DHL has announced an investment of over HK$100 million (US$13 million) in Hong Kong involving a new 120,000 sq ft DHL Global Forwarding (DGF) office in Kowloon Commerce Centre (KCC) and a DHL Fashion Competency Centre, also based in KCC. Kelvin Leung, CEO, North Asia Pacifi c, DHL Global Forwarding, said the new DGF offi ce in KCC would function as the company’s north Asia Pacific regional offi ce, drawing together 800 employees under one roof. “The new office is equipped … [Read more...] about DHL invests US$13 million in Hong Kong
