International freight service and logistics company, U-Freight has broken ground on a RMB200 million (US$29.3 million) warehousing and office complex at Shanghai Pudong International airport. The new complex – expected to be completed within 15 months – will incorporate some of the latest energysaving and eco-friendly equipment and techniques, such as solar-powered lighting, while providing U-Freight with the space to grow its business as the world economy recovers. The … [Read more...] about New Shanghai logistics facility for U-Freight
Latest News
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
No upturn before 2010 says Kuehne & Nagel
Swiss logistics group Kuehne & Nagel has seen the pace of decline slow, but does not expect a sustainable recovery before 2010, its chief executive said recently. “The decline in the volumes is not as dramatic as it was a few months ago, but we are not seeing a definite recovery,†Reinhard Lange told Swiss newspaper Handelszeitung, according to Reuters. Air freight volumes were still down around 20 per cent, close to levels in the first quarter, Lange said, adding there had been a … [Read more...] about No upturn before 2010 says Kuehne & Nagel
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
Southeast Asia Air Cargo Supplement for August issue
The International Air Transport Association’s chief economist recently suggested that Asia could be the first to recover from the global economic downturn because of its higher rate of personal savings than the US or Europe. Rapid economic growth has been transforming the economies of Southeast Asia for some time now and the new Asia ‘tigers’ are now starting to make their mark on the scene. Countries like Vietnam are now garnering substantial foreign investment … [Read more...] about Southeast Asia Air Cargo Supplement for August issue
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
