The air express and logistics business has never been more robust and DHL Express in the Philippines is seeing more new clients and a wider variety of industries that are interested to avail of its express and logistics services, says Larry Llamzon, country manager of DHL Express Philippines. He says the industry is growing much faster than the Philippine’s gross domestic product (GDP). The actual growth of the industry over the last three years was approximately double that of … [Read more...] about Express business in the Philippines eyes 7-8-9 growth
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Revised Qantas bid sets new standards
Changes to the A$11.1 billion private equity bid for Qantas set new international fi nancing benchmarks for all private equity transactions, accordingto market observers. To overcome resistance from key fund managers, the international Airline Partners Australia consortium bidding for Qantas has cut shareholder acceptance conditions from 90 to 70 percent and extended the acceptance deadline until May 4. Qantas shares rose 8c to $5.39 as confi dence grew that the stalled $5.45-a-share bid … [Read more...] about Revised Qantas bid sets new standards
Survey predicts China will surpass US
A key segment of Asia’s business leaders believes their region’s economy will continue to enjoy strong growth in 2007, but many are more excited about the growth of India than they are China, a new survey shows. The survey of 1,200 leaders of small- and mid-sized business enterprises (SME) in Asia, which was commissioned by UPS, also found wide agreement that China will surpass the US as the world’s largest consumer economy in 10 years or less. Only fi ve percent of those … [Read more...] about Survey predicts China will surpass US
FedEx objects to FAA changes
Recent changes in landing procedures at Memphis International Airport have reduced airfi eld capacity, upsetting FedEx Corp. and others that need multiple runaways to maximise efficiency. In a letter to the FAA, FedEx expressed concern that the change will reduce its effi ciency, and asked the FAA to amend the decision. Both FedEx and the FAA refused to release copies of the letter. The FAA said it was not its policy to release letters before it had responded to the sender. … [Read more...] about FedEx objects to FAA changes
DHL claims top spot
The global freight forwarding market saw another year of stellar growth in 2006, according to the latest report published by leading logistics research organisation, Transport Intelligence. The research, contained in Global Freight Forwarding 2007, indicates that although the rate of growth was not quite as fast as the year before, it confounded many experts’ expectations of slowingtrade volumes. Steady economic growth in Europe supported Asia Pacifi c trades, whilst the US economy did … [Read more...] about DHL claims top spot
UPS to open US air hub in China
UPS and the Shanghai Airport Authority last month conducted a formal signing ceremony in another step towards construction of the UPS International Air Hub at Pudong International Airport in Shanghai. The UPS International Air Hub, scheduled to open next year, will be the fi rst constructed by a US carrier and will link all of China via Shanghai to UPS international network with direct service to the Americas, Europe and Asia. It also will connect points served in China by UPS through a … [Read more...] about UPS to open US air hub in China