The International Federation of Freight Forwarders Associations (FIATA) wrapped up its annual world congress in Vancouver late last month on a positive note. Five days of official committee meetings, discussions, networking and socialising, as well as a three-day exhibition were branded an overwhelming success by FIATA president William M. Gottlieb, who remarked that the notoriously wet west coast weather had even largely cooperated. The 800-strong contingent of freight forwarding delegates … [Read more...] about FIATA 2008 World Congress
Air Freight Asia
UPS poaching DHL customers in US?
United Parcel Service Inc. is using its planned collaboration with Deutsche Post AG’s DHL unit to snatch customers from DHL, Astar Air Cargo Inc. alleged today, according to a Bloomberg report. Astar, a DHL vendor and shipping customer, made the assertion to a US House panel in written testimony by COO Gary Hammes, citing a comment by a UPS salesperson that DHL service would become “substandard’’ under the new alliance. “It is our belief that these sales calls … [Read more...] about UPS poaching DHL customers in US?
Global semiconductor industry looking up
The global semiconductor industry is seeing growth despite rough beginnings this year. According to the Semiconductor Industry Association (SIA), worldwide chip sales reached US$22.2 billion in July 2008, up 2.8 per cent sequentially, and an increase of 7.6 per cent on-year. SIA President George Scalise notes that growing sales of consumer electronics, PCs and mobile phones— collectively accounting for 80 per cent of overall chip demand—have fueled the increase in sales, in addition to … [Read more...] about Global semiconductor industry looking up
UPS upbeat on intra-Asian trade
United Parcel Service believes the current growth of containerised cargo and air freight is merely the start of an upward climb and expects a trade boom in the next few years. “More than 40 per cent of global trade now takes place between APEC (Asia-Pacifi c Economic Co-operation) members,” said UPS regional vicepresident of international trade services James Goh, adding that “rapid growth is expected to continue, especially after the region had shown its resilience with an … [Read more...] about UPS upbeat on intra-Asian trade
DHL races around the world with F1
Singapore’s ground breaking Formula One (F1) night race saw the premier racing event’s official logistics provider in action, transporting nearly 272 tonnes of airfreight on three B747s. Each F1 race sees the specialised DHL F1 team of 9-15 people for overseas races and 10-20 people for European races, swing into action. The team ensures the smooth delivery of cars, fuel, spare engines and equipment, television equipment and even espresso makers and champagne between race venues … [Read more...] about DHL races around the world with F1
Dominican airports change hands
Advent International, a private equity firm, has announced the 100 per cent acquisition of Aeropuertos Dominicanos Siglo XXI (Aerodom), describing it as the “leading airport group in the Dominican Republic and one of the largest airport operators inCentral America and the Caribbean.” According to Advent, Aerodom has a 30-year concession contract with the Dominican government and the country’s Airport Commission to develop, operate and manage six airports: Las Americas in … [Read more...] about Dominican airports change hands
