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3PL/4PL

News on third and fourth-party logistics service providers

Chelsea Logistics eyes IPO

Chelsea Logistics eyes IPO

Apr. 25 | Philippine passenger and cargo carrier Chelsea Logistics Corporation plans to raise up to P8 billion through an initial public offering (IPO) in July to fund its expansion program. The shipping arm of diversified holding company Udenna Corp. said it filed...

LBC Express net income leaps 120%; growth plans unveiled

LBC Express net income leaps 120%; growth plans unveiled

Apr. 24 | Courier and remittance company LBC Express Holdings, Inc. reported a 120% surge in net income for 2016 to P913.9 million from P416.3 million in the previous year, as improved cost of air and sea freight drove demand for air and courier services. Its operating...

Higher revenues all around expand 2GO’s 2016 profit by 24%

Higher revenues all around expand 2GO’s 2016 profit by 24%

Apr. 18 | Philippine integrated transport services provider 2GO Group, Inc. reported a 24% increase in net income to P1.34 billion in 2016 from P1.08 billion in 2015 due to sustained topline growth coupled with improved cost savings. In a statement, 2GO said total...

LBC eyes options after SEC rejection of follow-on offering

LBC eyes options after SEC rejection of follow-on offering

Apr. 18 | Logistics and remittance company LBC Express Holdings, Inc. said it will address concerns of the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) about the company’s shortcomings which has led to the rejection of LBC’s...

Asia powered contract logistics growth in 2016—report

Asia powered contract logistics growth in 2016—report

Apr. 17 | The Asia Pacific has emerged as the biggest market for contract logistics, a trend seen to continue in the medium term as the region continues to be the engine of growth for the global market as a whole, according to a new report by Transport Intelligence...

2GO Group appoints Dennis Uy as new president, CEO

2GO Group appoints Dennis Uy as new president, CEO

Apr. 13 | Dennis Uy has been appointed as the new president and chief executive officer of 2GO Group, Inc. following the retirement of Sulficio Tagud, Jr. 2GO said in a press statement that the appointment of Uy—president and CEO of diversified holding company...

UPS deepens portfolio of dangerous goods transported to 36 countries

UPS deepens portfolio of dangerous goods transported to 36 countries

Apr. 13 | International supply chain company UPS said it has expanded its global dangerous goods shipping program by adding more than 400 new commodities that can be accepted in its global air network, and more than 300 products across its ground network in Europe....

Kuehne + Nagel, Alibaba.com eye expanded partnership

Kuehne + Nagel, Alibaba.com eye expanded partnership

Apr. 13 | Global logistics company Kuehne + Nagel announced a closer cooperation with Alibaba.com, the B2B business arm of Chinese e-commerce giant Alibaba group, to offer China-based shippers increased e-commerce logistics solutions. Kuehne + Nagel said it has...

DTI, WB to publish first PH logistics performance report in June

DTI, WB to publish first PH logistics performance report in June

Apr. 9 | The Department of Trade and Industry-Supply Chain and Logistics Management Division (DTI-SCLMD) has partnered with the World Bank (WB) to assess the Philippines’ logistics performance and efficiency and to help formulate better policies for the sector. As...

Harbor Star 2016 profit jumps 49% on strong earnings from most services

Harbor Star 2016 profit jumps 49% on strong earnings from most services

Apr. 9 | Marine services provider Harbor Star Shipping Services, Inc. (HSSI) reported a 49% surge in net income for 2016 as a result of stronger operating income and positive performances by most of its services. In a disclosure to the Philippine Stock Exchange,...
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