UPS posts Q1 gains but falls short of estimates

Apr. 28 | Atlanta-based United Parcel Service (UPS) announced first quarter 2012 earnings per share of $1, a 10 percent improvement over the prior-year period that however falls short of analysts’ expectations of about $1.01 per share as Asian exports and other...

PH cargo handlers see 6-8% growth in cargo volume

Apr. 25 | The Philippine Chamber of Arrastre and Stevedoring Operators (PCASO) expects its members’ cargo volume and revenues to each rise from 6%-8% this year. PCASO, the largest association of cargo handlers in the Philippines, said its members saw more activities...

CEVA opens freight management office in Romania

Apr. 23 | CEVA Logistics, a global supply chain company, has opened new premises in Bucharest, Romania, strengthening its freight management platform in Eastern Europe. Strategically located close to the biggest Romanian airport and seaports, CEVA has invested...

SDV to represent Swire Shipping new service into East Timor

Apr. 18 | SDV East Timor has been appointed to represent Swire Shipping new service in East Timor. Swire Shipping is the brand name for all liner shipping services operated by The China Navigation Company Pte Ltd. From its traditional core trading area, the Asia-South...

Ceva widens cross-border LTL network in Asia

Apr. 18 | Global freight forwarder Ceva Logistics is widening its less-than-truck-load (LTL) services in Asia-Pacific to bolster its cross-border road freight business in the region. The Netherlands-based logistics group announced on April 17 the expansion of its...

PH truckers seek nationwide cost-recovery rate adjustment

Apr. 17 | The Philippine Chamber of Arrastre and Stevedoring Operators (PCASO) has filed for a nationwide cost-recovery rate adjustment before the Philippine Ports Authority (PPA). The group is eyeing an average 30% recovery adjustment for handling general cargoes...

Cost hikes, EU fine trim Kuehne + Nagel Q1 earnings

Apr. 16 | Global logistics company Kuehne + Nagel reported “unsatisfactory results” for the first quarter of 2012, as cost increases, lower margins, and a one-off antitrust fine of CHF65 million (US$70.3 million) levied by the European Commission all ate into...

13 freight forwarders slapped with $225-M fine for price-fixing

Mar. 30 | The European Commission fined 13 major logistics companies a total of EUR169 million (US$225 million) for participating in four distinct cartels from 2002 to 2007 that aimed to fix prices in breach of EU antitrust rules. “The freight forwarders colluded...

PH truckers seek stop to apprehension of trailers with white plates

Mar. 29 | The Confederation of Truckers Association of the Philippines (CTAP) is seeking indefinite moratorium on the apprehension of trailers or chassis sporting white plates. Such apprehensions restarted about three months ago, after they were halted in 2005...

LBC is PH’s top domestic airfreight forwarder

Mar. 29 | LBC Express, Inc was the Philippines’ leading domestic airfreight forwarder in 2011, based on latest statistics from the Civil Aeronautics Board (CAB). LBC Express accounted for 35.71% of the total market last year after it handled 14.035 million metric...