A cooperation framework agreement has been signed between Pacific International Lines (PIL) Group, the Nanning Municipal Government and the Guangxi Department of Commerce to develop the Singapore-Guangxi Integrated Logistics Park (SGILP) in Nanning city, Guangxi Zhuang Autonomous Region.
The SGILP will position Guangxi as a logistics base to distribute to South-East Asia and strengthen China’s Belt and Road initiative.
Spanning an area of 3 square menter, the logistics park will consolidate supply and provide world class logistics solutions such as central warehousing, cold chain management and multimodal transportation across air, land and sea, the release ...
UPS to handle the logistics operations for the World Expo in 2020 to be held in Dubai, which is expected to attract millions of visitors between its opening day on October 20 through to April 10, 2021. With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the Expo will be one of the most complex logistics projects UPS has tackled.
As Official Logistics Partner, UPS will provide more than 27,000 square metres of warehouse space, equivalent to four soccer fields, and a team of 1,000 employees during the Expo.
The partnership agreement was signed by Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Expo 2020 Dubai h...
United Parcel Service (UPS) posted 2.1% first quarter year-on-year operating profit decline to USD 1.78 billion, drawn on revenues of USD 15.31 billion, which increased 6.3%.
The Atlanta-based company was pleased that it had improved earnings per share by 3.9% versus the same period in 2016.
The company said in statement "The improved per-share result was due to a 22% increase in supply chain and freight segment operating profit, strong underlying performance in the international segment and solid results in the domestic segment, plus the favourable tax impact of adopting the new stock compensation accounting standard.”
"Revenue came in ...
Yusen Logistics is commencing two logistics projects for the pharmaceutical and healthcare sectors for Belgium and the Netherlands.
The company is expanding the Yusen Logistics Antwerp Distribution Centre (ADC) in Melsele by adding an adjoining 8,000-square-metre warehouse. The new facility will provide cold and ambient storage.
It is scheduled to open for business by year-end. The existing Melsele facility handles two million pallets of pharmaceuticals per annum.
The company said Yusen will also break ground on a new healthcare logistics facility in the Dutch city of Roosendaal.
The new 11,225-square metre pharmaceutical facility aims to mee...
DB Schenker has announced that it has been awarded a contract to provide international freight forwarding and customs clearance services to Chevron Australia.
The three-year contract covers freight logistics movements as well as customs clearance requirements for Chevron’s interests in Western Australia. To support the contract, DB Schenker will utilise its global network of oil and gas offices.
The operations team in Perth will be supported by the DB Schenker iTeams software solution that allows for full visibility and tracking through all stages of the logistics cycle.
Frank Vogel, Director Projects/Oil & Gas, AU/NZ said that “We are p...
The world's largest package delivery company UPS has unveiled plans to build a new USD 200 million package operations facility in Arlington, Texas, to cater for growth in the Dallas-Fort Worth area.
The company said that the facility would span more than 1.1 million square feet on more than 110 acres and is scheduled for completion in 2018.
UPS's Red River District president Craig Wiltz said: "The new Arlington building is part of the strategic investments UPS is making to dramatically improve the efficiency and connectedness of our hubs, package centres and transportation network.
"This project is part of our ongoing efforts to keep p...
DHL eCommerce, a division of Deutsche Post DHL Group, is expanding its service offering in Thailand by enhancing its nationwide coverage with next day delivery outside Bangkok in major provinces, rural and remote areas, as well as extending pick-up service to small e-commerce merchants to meet its growing customer demands.
The company said the move aims to capitalize on the booming Thai e-commerce market that is expected to triple in size to EUR3.6 billion (USD 3.81 billion) between now and 2020.
Launched in January 2016 in Thailand, DHL eCommerce offers end-to-end domestic delivery services and easy access for local businesses to expand globally through B2C inter...
The Confederation of Indian Industry has said, trade between India and the UAE is set to hit USD 100 billion by 2020, up from the current USD 60 billion.
Confederation of Indian Industry (CII) said in a statement released here, "This is evident in the growing interest by the Indian companies towards the Middle East markets and in particular the UAE and efforts made by the Ministry of Commerce & Industry and CII to further strengthen the trade and investment ties.”
Currently, the trade between Indian and the UAE is estimated around USD 60 billion, it said.
The statement was issued on the sidelines of the Middle East Electricity Exhibition ...
China has launched a new rail and road cargo service linking Guangdong, Tibet and Nepal.
The new cargo service aims to boost trade with the South Asian neighbours as China pushes ahead with its Belt and Road initiative.
The first train departed from the Tibetan border port of Gyirong en route to Kathmandu carrying goods worth USD 2.8 million, including shoes, clothes, hats, furniture, appliances, electronics and building materials.
The first leg of the service covers the 5,200-kilometre distance between Guangzhou, capital of Guangdong Province, and Xigaze in Tibet.
Trucks then haul the cargo over the remaining 870 kilometres of the journey, c...
FedEx Corp has posted a second-quarter net profit of USD 700 million on revenues of USD 14.9 billion for the quarter, year-over-year increases of 1.3% and 19.2%, respectively.
Despite revenue growth across all business units in the second quarter, which ended November 30, the results lagged Wall Street expectations and the company's stock fell nearly 3% in after-market trading.
FedEx chairman, president and Chief Executive Officer (CEO) Fred Smith said in a statement that the company's integration of Dutch rival TNT Express, which it acquired last year, was "proceeding smoothly and according to plan."
FedEx in late May officially compl...