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News on third and fourth-party logistics service providers

LBC income expands 91% on higher volumes, logistics sales

LBC income expands 91% on higher volumes, logistics sales

Apr. 17 | Image by PublicDomainPictures from Pixabay Logistics and remittance service company LBC Holdings Corp. (LBCH) reported a net income of P1.349 billion in 2018, or 91% higher than the P707.92 million earned in 2017, partly due to the increase in gross profit...

2GO’s loss drags Chelsea Logistics deeper into red in 2018

2GO’s loss drags Chelsea Logistics deeper into red in 2018

Apr. 17 | Image by Gerd Altmann from Pixabay Chelsea Logistics Holdings, Inc. (CLHC) has reported a net loss of P550.533 million in 2018, wider than the P161.22 million loss reported in 2017. CLHC, in a regulatory disclosure, attributed a significant portion of...

CAB won’t receive incomplete, unpaid applications starting Apr 26

CAB won’t receive incomplete, unpaid applications starting Apr 26

Apr. 17 | Beginning April 26, stakeholders will have to strictly comply with the Civil Aeronautics Board’s (CAB) requirement for submission of complete documents and full payment in order for all applications to be received. In an advisory dated April 8, CAB...

2GO’s loss balloons to P1.3B in 2018

2GO’s loss balloons to P1.3B in 2018

Apr. 17 | Image by Elias Schäfer from Pixabay 2GO Group, Inc. and its subsidiaries posted a net loss of P1.3 billion in 2018, an increase from the P310 million net loss in 2017. Revenues increased by 2% to P21.990 billion in 2018 from P21.551 billion 2017 due...

PH national standards for safe, sustainable road freight transport released

PH national standards for safe, sustainable road freight transport released

Apr. 14 | The Philippine Bureau of Standards (PBS) has crafted guidelines and recommendations that land fleet operators and freight forwarders may adopt for reliable, safe, cost-efficient and environmentally sustainable road freight transport operations. The Philippine...

MetroPac Movers breaks ground for distribution center in Cavite

MetroPac Movers breaks ground for distribution center in Cavite

Apr. 5 | Officials of MetroPac Movers, Inc., including Manuel V. Pangilinan (Chairman, fourth from left), Jose Ma. K. Lim (President and Chief Executive Officer, first from left) and Atty. Marilyn A. Victorio-Aquino (Director, second from left) led groundbreaking...

Harbor Star is sole harbor assistance provider for Mariveles grains terminal

Harbor Star is sole harbor assistance provider for Mariveles grains terminal

Apr. 3 | Harbor Star providing assistance to a vessel. Photo from www.harborstar.com.ph. Harbor Star Shipping Services, Inc. (HSSSI) has signed a service agreement with Mariveles Grains Corporation (MGC) to be the exclusive harbor assistance service provider for...

Airspeed to provide logistics support to M Lhuillier’s Kargo Padala offering

Airspeed to provide logistics support to M Lhuillier’s Kargo Padala offering

Apr. 3 | Logistics company Airspeed and non-bank financial institution M Lhuillier Financial Services, Inc. have entered into a business partnership to create ML Kargo Padala, a service that allows customers to send and receive documents and parcels within the...

DHL trade barometer forecasts continued growth but even more slowly

DHL trade barometer forecasts continued growth but even more slowly

Apr. 2 | Global trade growth will continue to lose momentum over the next three months as findings indicate that prospects are slowing down for almost all countries, according to the latest DHL Global Trade Barometer (GTB), released in March. The overall growth...

DSV acquires Panalpina for $4.6B

DSV acquires Panalpina for $4.6B

Apr. 1 | Panalpina Welttransport Holding AG announced on April 1 that it has agreed to Denmark-based DSV A/S’s proposal to acquire the Swiss supply chain solutions provider for CHF4.6 billion (US$4.62 billion), in a share exchange deal that will create a European...
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