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Archive for May, 2012

Asia-Pacific cargo airlines battling soft market, steep oil prices

Asia-Pacific cargo airlines battling soft market, steep oil prices

May. 30 | Cargo airlines based in the Asia-Pacific region continued to feel the impact of weak global markets in April, said the Association of Asia Pacific Airlines (AAPA). International air cargo traffic, measured in freight tonne kilometers (FTK), registered...

IATA: World air cargo demand still weak but tracking growth

IATA: World air cargo demand still weak but tracking growth

May. 30 | International air freight demand went down 4.2 percent in April this year compared to the same period last year, according to the latest traffic figures from the International Air Transport Association (IATA). But IATA clarified that while weak, air freight...

Hacis goes for ITFS to speed its road feeder services

Hacis goes for ITFS to speed its road feeder services

May. 30 | Hacis (Hong Kong Air Cargo Industry Services Limited), the road feeder and added-value services arm of Hactl, is equipping all of its air cargo road feeder vehicle fleet with the new Intermodal Transshipment Facilitation Scheme (ITFS) system. Following...

Indonesia ports book 46% jump in net profit

Indonesia ports book 46% jump in net profit

May. 30 | The net profit of state-owned port operator Indonesia Port Corporation (IPC) increased by almost 46 percent to US$54.3 million in the first quarter of 2012 year-over-year as cargo throughput rose at its 12 ports, including Tanjung Priok, Indonesia’s...

Geodis Wilson opens Singapore logistics center

Geodis Wilson opens Singapore logistics center

May. 30 | France-based freight forwarder Geodis Wilson has opened a new fully integrated logistics center in Singapore as part of its business expansion across the Asia-Pacific. Located close to Jurong Harbour on Singapore’s West Coast, the center provides easy...

PH truckers see 10% volume hike

PH truckers see 10% volume hike

May. 28 | Members of the Confederation of Truckers Association of the Philippines (CTAP) are enjoying a 10% rise in cargo handled in the first four months of the year from the same period last year. CTAP president Ruperto Bayocot said the volume of both local and...

2GO’s supply chain unit posts 9% dip in Q1 revenues

2GO’s supply chain unit posts 9% dip in Q1 revenues

May. 28 | Manila-based 2GO Group, Inc remains optimistic about its cargo business prospects for the year despite posting lower first-quarter revenues from its supply chain unit. In a report to the Philippine Stock Exchange, the company said revenues from its supply...

Over P1B North Port contracts awarded

Over P1B North Port contracts awarded

May. 28 | North Port operator Manila North Harbour Port, Inc (MNHPI) recently awarded contracts worth P1.055 billion to private contractors in support of the port’s modernization program. FF Cruz, a major Philippine Ports Authority contractor, bagged the contract...

Lorenzo Shipping posts income in Q1

Lorenzo Shipping posts income in Q1

May. 28 | Philippine cargo carrier Lorenzo Shipping Corp (LSC) posted a net income of P15.925 million in the first quarter of the year compared to the P18.711-million loss registered in the same period last year. Gross profit soared 80.41% to P40.098 million from...

New equipment in place at MICT

New equipment in place at MICT

May. 28 | International Container Terminal Services, Inc (ICTSI) recently added a new line of port equipment at the Manila International Container Terminal (MICT). The multi-trailer system (MTS) allows transportation of more containers in a single haul compared...
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