Logistics

Cargo drop stabilised but Swine flu new threat

by

A stabilisation of global inventory levels has helped stabilise air freight demand and halted the freefall according to the International Air Transport Association (IATA) as it warned that concerns over a swine flu pandemic could have a significant impact on air traffic. IATA's latest statistics show that air cargo demand has "moved sideways" in the -21 to -24 per cent range since its plunge from -7.9 to -23.2 per cent between October last year and January 2009. Freight demand in March was … [Read more...] about Cargo drop stabilised but Swine flu new threat

Agility opens new Asia Pac HQ in Singapore

by

Agility has announced the establishment of its Asia Pacific headquarters in Singapore and unveiled an additional state-of-the art Regional Distribution Centre (RDC) in the city. The new regional HQ will consolidate many of the regional and global management teams for business units such as logistics, operations and transformation, fairs and events, IT, project logistics, chemicals, and oil and gas. The 14,500 square meter bonded distribution centre at Changi North has three floors designed for … [Read more...] about Agility opens new Asia Pac HQ in Singapore

TNT opens expanded Regional Hub in Singapore

by

The expanded S$20 million facility, capable of handling over 300 tonnes of cargo per day, is a key component of the express logistics company's pan-Asian road network and is Singapore's first integrated air and road hub. In late 2005 TNT hit upon the idea of developing a road network connecting China with Southeast Asia, creating what was essentially a small scale version of their extensive European road network. Named the Asia Road Network (ARN), the basic pan-Asian land network linking China … [Read more...] about TNT opens expanded Regional Hub in Singapore

Semiconductor decline may be moderating

by

Global semiconductor sales declined again in February, down 30.4 per cent year-on-year to US$14.2 billion, but there is some indication the rate of decline is moderating from the fourth quarter of last year, according to the Semiconductor Industry Association (SIA). "The global semiconductor industry is going through one of the steepest corrections in its history," said George Scalise, SIA president. "While it would be premature to conclude that the sales decline has hit bottom, there are some … [Read more...] about Semiconductor decline may be moderating

Düsseldorf eyes move into perishable business

by

Düsseldorf International Airport is looking to the perishables sector to boost cargo growth citing continued healthy growth of the sector and the large catchment area of the North Rhine Westphalia region, with Düsseldorf at its heart, in all accounting for around 20 per cent of Germany's total spending power. "The Perishables market continues to grow despite economic downturn, with many of the products such as fruit, established as staple food items rather than luxury," said DUS Cargo … [Read more...] about Düsseldorf eyes move into perishable business

Logistics confidence down, but some optimism

by

Overall confidence in the logistics industry has declined slightly in March over the past month, according to the latest edition of Recession Watch, by industry analyst group Transport Intelligence (Ti), but looking ahead respondents were slightly more optimistic than in the previous survey. According to Ti's Global Logistics Business Confidence Index (GLBCI), the overall results of the survey show that confidence in the present state of the logistics market has fallen slightly over the past … [Read more...] about Logistics confidence down, but some optimism