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Archive for August, 2013

2GO rebounds to P510M net profit on revenue spike, lower costs

2GO rebounds to P510M net profit on revenue spike, lower costs

Aug. 28 | PHILIPPINE logistics provider 2Go Group Inc. turned around to net profit of P510 million in the first half of the year  from last year’s loss of P403,926, mainly due to higher revenue and a further reduction in its operating costs and expenses. “The...

Cebu Chapter

Cebu Chapter

Aug. 28 | Last August 17, 2013 marked another milestone in SCMAP history. The long-standing mandate to establish a chapter outside of NCR was finally achieved after 13 years. The provision for provincial chapters was inserted in the By-laws in year 2000 during...

TNT Express’s Dutch fashion unit for sale

TNT Express’s Dutch fashion unit for sale

Aug. 28 | European express delivery company TNT Express is planning to sell the Dutch operations of its specialist fashion supply chain business TNT Fashion. Headquartered in Oldenzaal, the Netherlands, TNT Fashion offers a wide range of supply chain services for...

Study ranks Asia-Pacific’s top supply chain organizations

Study ranks Asia-Pacific’s top supply chain organizations

Aug. 28 | The top 10 supply chain organizations in Asia-Pacific for 2013 are mostly focused on improving their network efficiency as they contend against a variety of issues. “Mixed economic performance, volatility of demand, rising costs, a tighter labor market,...

Changi Airport reports July traffic hike, updates cargo data

Changi Airport reports July traffic hike, updates cargo data

Aug. 28 | Airfreight movements at Singapore Changi Airport increased  1.1 percent in July year-over-year, with 160,000 tonnes of cargo passing through the airport last month. For the period of January to July 2013, airfreight shipments grew 1.3 percent to 1.1...

PSA leads top 10 global terminal operators

PSA leads top 10 global terminal operators

Aug. 28 | PSA International, Hutchison Ports, APM Terminals, and DP World remain the top four global players, but their levels of activity vary, according to Drewry Maritime Research’s Annual Review of Global Container Terminals Operators. The four were ranked...

New Cambodia container terminal underperforming?

New Cambodia container terminal underperforming?

Aug. 28 | The new container terminal at the Phnom Penh Autonomous Port (PPAP) in Cambodia is said to be falling behind in performance expectations. The US$28-million LM 17 container terminal  is reportedly bogged down by a shallow draft, lack of rail connectivity,...

TSA lines recommend US-Asia rate hike by Oct

TSA lines recommend US-Asia rate hike by Oct

Aug. 28 | Member carriers in the Transpacific Stabilization Agreement (TSA) Westbound section have announced plans to raise freight rates, for all commodities and from all U.S. origin points, by at least US$100 per 40-foot container (FEU) by no later than October...

Airfreight market weakness extends to July, says AAPA

Airfreight market weakness extends to July, says AAPA

Aug. 26 | International air cargo traffic for Asia-Pacific airlines continued to be slow in July, extending the prevailing period of weak market demand over the past two years, according to the Association of Asia Pacific Airlines (AAPA). Airfreight volume fell...

GDP growth in 2013 to be uneven

GDP growth in 2013 to be uneven

Aug. 26 | Predictions that the world’s gross domestic product (GDP) growth would outpace last year’s seem no longer on target, and 2013 growth is now seen to be on a par with 2012 instead, according to a recent report by Bimco. “By mid-July, the IMF ‘blew...