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3PL/4PL
News on third and fourth-party logistics service providers
Panalpina improves overall results, still makes a loss in ocean freight
Apr. 23 | Global supply chain company Panalpina reported an encouraging start into 2018 as profitability per transported unit increased in both air and ocean freight in the first quarter, leading to overall higher earnings, but saw ocean freight mark a bigger loss...
CMA CGM to carve bigger logistics presence by buying a stake in Ceva
Apr. 20 | French shipping giant CMA CGM announced it has reached an agreement to acquire an equity stake of nearly 25% in logistic company Ceva Logistics AG. CMA CGM said in a statement on April 20 that it has committed to subscribe for mandatory convertible securities...
Victory Group banks on strong logistics growth to power business
Apr. 18 | Enrique Castillo, president and chief executive officer of Victory Group In the highly competitive field of Philippine logistics, newcomer supply chain solutions provider Victory Group of Companies believes there is more than enough room for new players. Enrique...
BOC extends suspension of rules on balikbayan box imports
Apr. 16 | The Philippine Bureau of Customs (BOC) has extended the suspension of its 2016 guidelines implementing duty- and tax-free importation of consolidated balikbayan boxes until revised guidelines are issued. In a memorandum dated March 16 and signed March...
PH Bureau of Plant Industry eyes trial run of ePhyto system by Q2
Apr. 12 | L to R: Bureau of Plant Industry (BPI) National Plant Quarantine Services Division assistant chief Gerald Glenn Panganiban, BPI director George Culaste, and InterCommerce Network Services, Inc. president Francis Lopez. The Philippine Bureau of Plant Industry...
2GO seeks to merge with NENACO
Apr. 11 | 2GO Group, Inc. disclosed plans to merge with parent company Negros Navigation Corp., Inc. (NENACO). In a regulatory disclosure, 2GO said that at the company’s annual meeting on April 5, stockholders approved the internal restructuring involving the...
INTTRA expands carrier network with NAMSUNG Shipping
Apr. 11 | Namsung Shipping vessel photo from http://www.namsung.co.kr/eng/en/business/ship/screen.do INTTRA, the largest neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced an...
Miascor seeks to compel Cebu airport operator to honor contract of award for ground-handling services
Apr. 8 | Miascor Groundhandling Corporation recently filed an injunction against Mactan-Cebu International Airport (MCIA) operator GMR Megawide Cebu Airport Corporation (GMCAC) that would compel it to honor a ground-handling services contract. The injunction...
PMTLAI, BDO agreement supports logistics industry’s e-payment initiatives
Apr. 5 | At the recent signing were (L to R): Philippine Multimodal Transport and Logistics Association Inc (PMTLAI) PRO/e-payment Committee Chairperson Erich H. Lingad, PMTLAI President Marilyn C. Alberto, BDO Executive Vice President & Group Head of TBG-Cash...
