DHL has a signed letter of intent with Shenzhen freight forwarder Tempus International Logistics Company to jointly operate a new warehouse inside China’s Yantian Bonded Logistics Park. The fi rst phase of the warehouse costs 980 million yuan (US$129.45 million) to build and will cover a fl oor area measuring more than 110,000 square metres. … [Read more...] about CHINA: DHL inks Yantian logistics park deal
air freight
CHINA: Carriers to start transpacific flights
Four Chinese carriers have applied to CAAC for the right to operate transpacifi c services in a market traditionally dominated by the country’s big three and their US counterparts. The four carriers - Shanghai Airlines Cargo, Hainan Airlines, Jade Cargo International and Great Wall Airlines - plan to operate transpacifi c services and each has received approval from CAAC, according to a CAAC statement. Shanghai Airlines plans to fl y from Pudong to Los Angeles via Anchorage … [Read more...] about CHINA: Carriers to start transpacific flights
CHINA: Chinese carriers face hurdles
Despite the fact that one Chinese airline after another has forecast a fi rst-half profi t, signifi cant operational challenges still face the industry asit continues to grow, ATW Online reported. Last month, China Southern Airlines said it expected to reverse a CNY835 million ($110.2 million) loss in the fi rst half of 2006, while Air China forecasted net earnings more than 20 times greater than the CNY45.8 millionposted in the year-ago semester. China Eastern Airlines expected to … [Read more...] about CHINA: Chinese carriers face hurdles
CHINA: Chinese airlines lose flights due to delays
The General Administration of Civil Aviation of China (CAAC) said it has taken away one scheduled fl ight each from Air China and China Eastern Airlines out of Beijing Capital International Airport due to repeated delays. The CAAC had issued two warnings previously due to the delays. Three fl ights of Air China and one of China Eastern suffered delays of over 10 hours last month, according to the regulator. It did not give a reason behind the delays, the administration said in a statement on its … [Read more...] about CHINA: Chinese airlines lose flights due to delays
CHINA: Jade Cargo starts service to Frankfurt
Jade Cargo International last month operated its fi rst fl ight into Frankfurt when the Chinese cargo carrier, operating a B747-400ERF, touched down at Europe’s biggest freight airport. The freighter’s arrival highlighted the fi rst non-stop service from Frankfurt to Shenzhen, the Chinese metropolis and home to eleven million people. The city is situated in the heart of the Pearl River Delta, China’s leading production and commercial centre. On the Frankfurt service, … [Read more...] about CHINA: Jade Cargo starts service to Frankfurt
CHINA: IDS reports strong results
Integrated Distribution Services (IDS), an integrated-distribution and logistics services provider in Asia, reported a growth in net profi t of 93.1 percent in the fi rst half of the year. The Li & Fung Group company registered a solid profi t of $16.49 million in the fi rst six months, with revenue for the period driven mainly by strong China growth and the acquisition of a US logistics business in November 2006. Revenue grew 24.8 percent to $583.15 million.IDS also recorded a one-off … [Read more...] about CHINA: IDS reports strong results
