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Latest news on transportation and cargo industry

IATA says WTO trade facilitation accord a boost to e-freight program

IATA says WTO trade facilitation accord a boost to e-freight program

Feb. 23 | The International Air Transport Association (IATA) welcomed the entry into force of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA), saying it will back up efforts to modernize the air...

Air cargo witnessed a revival amid rocky 2016, says ACI

Air cargo witnessed a revival amid rocky 2016, says ACI

Feb. 23 | In the midst of trade volatility and geopolitical conflicts, the air cargo industry ended 2016 on a strong note and passenger traffic remained resilient, according to the Airports Council International (ACI). “Whether...

UPS to bolster investment in smart logistics, announces long-term plans

UPS to bolster investment in smart logistics, announces long-term plans

Feb. 23 | American logistics giant UPS announced it will be making the most dramatic changes of its existence ever—largely by increasing investments in smart logistics, innovation, and automation—as it seeks to meet its...

ASEAN members improve economic freedom ranking

ASEAN members improve economic freedom ranking

Feb. 23 | For the 10-nation ASEAN group, Singapore remains the freest economy in Southeast Asia and the second freest out of more than 180 countries analyzed worldwide for the 2017 Index of Economic Freedom, published by Heritage...

WTO Trade Facilitation Agreement now in force

WTO Trade Facilitation Agreement now in force

Feb. 22 | World Trade Organization Director-General Roberto Azevêdo (center) at the Feb 22 announcement that the Trade Facilitation Agreement has entered into force. Photo from WTO Twitter account. The World Trade Organization...

Higher PH transport rates loom with increased excise tax on fuel

Higher PH transport rates loom with increased excise tax on fuel

Feb. 22 | Philippine transport service providers warn any increase in excise tax on petroleum products will mean higher operational costs that will eventually be passed on to consumers. The government is proposing a staggered...

PNP shifts responsibility for transport of regulated chemicals to 3PLs, manufacturers

PNP shifts responsibility for transport of regulated chemicals to 3PLs, manufacturers

Feb. 20 | The Philippine National Police (PNP) will soon implement new guidelines transferring the responsibility for transporting controlled chemicals from the police to logistics service providers, manufacturers, dealers,...

Proposed PH customs order details steps for disposing seized, forfeited goods

Proposed PH customs order details steps for disposing seized, forfeited goods

Feb. 20 | The latest draft order that implements provisions of the Philippine Customs Modernization and Tariff Act (CMTA) regarding disposal of certain cargoes has been released by the Department of Finance (DOF) and Bureau...

Malaysian economy rose 4.5% in Q4

Malaysian economy rose 4.5% in Q4

Feb. 20 | The Malaysian economy grew 4.5% in the fourth quarter of 2016 compared to the same period in 2015, underpinned by continued expansion in private sector expenditure, said Bank Negara Malaysia (BNM). On the supply...

HK, Indonesia sign customs cooperation pact

HK, Indonesia sign customs cooperation pact

Feb. 20 | The customs agencies of Hong Kong and Indonesia have forged a cooperation to enhance administrative assistance to fight transnational crime. The Customs & Excise Department of Hong Kong and Indonesia’s Directorate...
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