Middle Eastb sedholding company DubaiWorld has announced arecently-formed subsidiary of its Economic Zones World(EZW) business relatingto the mail activities of EZPost FZE. In a statement issued late last week, the group stated that EZ Post FZE had signed a joint venture agreement with Postaplus, said to be the first licensed private postal operator in the Middle East, to form EZ Post FZCO “in a step aimed at consolidating its various mail room operations”. It said EZ Post FZE and … [Read more...] about Dubai World subsidiary forms mail JV
Air Logistics Asia
HK Post new fast courier to Asia/ Europe
Hongkong Post has introduced a new Speedpost service - Next Flight Out (NFO) - which it says offers same-day, earliest, delivery to major Asian and European cities. The postal agency said the new service had been jointly developed with Hong Kong based carrier Cathay Pacific Cargo and RPX Limited to off er customers "a personified speedy courier solution for delivery of their highly timesensitive items". "Through this business collaboration with Cathay Pacific Cargo and RPX, the Speedpost … [Read more...] about HK Post new fast courier to Asia/ Europe
Optimistic outlook for MRO business
In his keynote address at the event, S. Iswaran, Senior Minister of State for Trade and Industry in Singapore said: “In spite of the weak immediate outlook for airlines and the MRO industry, the long term prospects of the aerospace industry remain positive.” He noted that at July’s Farnborough Airshow, significant new orders for aircraft continued to be placed with Boeing and Airbus, particularly from the emerging economies of the Middle-East, China and Russia. Demand has … [Read more...] about Optimistic outlook for MRO business
CEVA sued over toxic cargo in
Sulpicio Lines Inc., owner of MV Princess of the Stars that capsized in the Southern Philippines off Romblon in June, recently initiated court action to sue the air-and-sea freight services firm that loaded the toxic endosulfan cargoonboard the ill-fated passenger vessel. In an amended complaint, the shipping firm said CEVA Logistics Inc. did not inform them of the nature of the cargo, which it said is in violation of their contractual and legal agreement. This made CEVA a co-defendant in … [Read more...] about CEVA sued over toxic cargo in
Speciality logistics firms merge in US
Rock-It Cargo LLC announced recently that it has merged with Dietl International Services. Both companies are based in the US and specialise in “time critical international logistics for complex shipping situations”. Rock-It provides logistics services in the music touring and live events sector while Dietl offers shipping services to the fine arts industry. “Rock-It’s experience and reach will really add to the options available to our operations staff ,” said … [Read more...] about Speciality logistics firms merge in US
Cold chain logistics opportunities
According to the latest report published today by Transport Intelligence (Ti) in association with the Global Cold Chain Association (GCCA), developing markets such as China, India and Vietnam represent the greatest opportunities for cold chain logistics. The report, Global Cold Chain Logistics 2008/9, has found that supply chains in these countries are extremely under developed, particularly those for refrigerated foodstuffs. Research identifi ed that as much as 40 per cent of the dairy … [Read more...] about Cold chain logistics opportunities
