The board of EGL Inc., a majorfreight forwarder, has approved thelatest buyout offer led by James Crane,the company's chairman and CEO. Houston-based EGL has signed a definitive merger agreement under which Crane and his private equity investors - Centerbridge Partners LPand The Woodbridge Co. Ltd., aninvestment group formed by Canada'sThomson family - will acquire the companyin a transaction valued at about$1.7 billion. EGL's board has approved the agreementand will recommend that … [Read more...] about Crane gets OK for buy-out
Air Logistics Asia
AFIF Conference 2007 moves to Cairns
The programme for the next AFIFnational conference, (to be held betweenMay 23 and 25 in Cairns), is finalisedand the registration brochure andprogramme is being printed ready fordistribution in the very near future. The programme is looking very strongand will include many high profile speakersin all areas of our business. AFIF is delighted to feature JonarNader, one of the most powerful andthought provoking presenters in thecountry. The conference venue will be themagnificent Cairns … [Read more...] about AFIF Conference 2007 moves to Cairns
Customs star wins young achiever award
A 20-year-old customs supervisorfrom Cunningham Gill Ltd has beennamed the Singapore Airlines Cargo-CBAFF New Zealand Young Achieverof the Year. The Customs Brokers and FreightForwarders Federation (CBAFF) annualaward recognises a high achieverwithin the international freight forwardingand logistics industries. Aucklander Nick Philp wrote anessay, "Onboard couriers - the forgottenforwarders", which examined thebenefits that shipping companies couldderive from providing personal … [Read more...] about Customs star wins young achiever award
ACCC reviews IATA’s Cargo Agency programme
The International Air TransportAssociation has made changes to theCargo Agency & IntermediaryProgramme for Australia andpresented them to the IATACargo Executive Council inAustralia for consideration. Brian Lovell, chief executiveofficer of the AustralianFederation of InternationalForwarders Ltd (AFIF)said theAFIF team on this committeehas examined the recommendationsin consultation with theFederation's legal representative. In a statement, Lovell said that AFIFsaid that it was … [Read more...] about ACCC reviews IATA’s Cargo Agency programme
Strike cripples Nepal’s exports, imports
About 150 cargo containers withexport articles have been stranded atvarious parts of the country for a week,thanks to a general strike called byMadheshi Janaadhikar Forum (MJF) inthe eastern Terai region, The HimalayanTimes reported. Foreign trade has been hit the hardestdue to the strike, which has beengoing on for several days in easternTerai, blocking the main customs pointsincluding Birgunj-Raxaul and Rani-Jogbani. These two customs points arethose through which over 45 percentof Nepal's … [Read more...] about Strike cripples Nepal’s exports, imports
FAPAA
The Federation of Asia-Pacific Aircargo Associations comprises 17 organisations: HongkongAssociation of Freight Forwarding and Logistics, Japan Aircargo Forwarders Association,Korea International Freight Forwarders Association, Aircargo Forwarders of thePhilippines Inc, Taiwan Airfreight Forwarders Association, Singapore Aircargo AgentsAssociation, Thailand Airfreight Forwarders Association, Indonesian Forwarders Association,Macau Air Freight Forwarding (Logistics) Association, Federation of … [Read more...] about FAPAA
