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News on third and fourth-party logistics service providers

BOC issues rules on advance submission of e-manifest under new AMS

BOC issues rules on advance submission of e-manifest under new AMS

May. 17 | The Bureau of Customs (BOC) has released guidelines for the advance submission of the manifest and other documents to its new Advanced Manifest System (AMS). Customs Memorandum Order (CMO) No. 06-2018, signed on May 7, prescribes guidelines that, among...

Logistics industry sees blockchain as a ‘game changer’

Logistics industry sees blockchain as a ‘game changer’

May. 16 | Blockchain is one of the most influential trends to impact on the logistics and supply chain sector, according to a recent poll by industry analyst Ti-Insight. The global survey found that 56% of supply chain executives believed that the technology was...

Deutsche Post DHL logs slight fall in Q1 revenue, confirms 2018 earnings targets

Deutsche Post DHL logs slight fall in Q1 revenue, confirms 2018 earnings targets

May. 11 | Mail and logistics giant Deutsche Post DHL Group reported a slight decline in consolidated revenue in the first quarter of 2018, attributable to negative currency effects and the sale of the subsidiary Williams Lea Tag. Reported revenue for the first...

Udenna takeover of 2Go stakeholder gets PCC clearance

Udenna takeover of 2Go stakeholder gets PCC clearance

May. 8 | The Philippine Competition Commission (PCC) has approved the acquisition by Udenna Corporation (Udenna) of all outstanding capital stock of KGL Investment B.V. (KGLI-BV), which has minor effective ownership of 2Go Group, Inc. This, after Udenna and KGLI-BV...

DHL launches second around-the-world air cargo service

DHL launches second around-the-world air cargo service

May. 7 | DHL Global Forwarding is deploying a second dedicated Boeing 747-400 freighter to connect the U.S., Europe, and Asia and take advantage of rising demand for air freight, chiefly for outbound services ex Asia and on the conventional transpacific route. In...

BOC releases implementing rules for accreditation of importers, brokers

BOC releases implementing rules for accreditation of importers, brokers

May. 2 | Updated on May 4 to reflect the effectivity of the memo. The Bureau of Customs (BOC) has issued implementing rules for the accreditation of importers and customs brokers following the Department of Finance’s (DOF) directive returning the sole authority...

Vietnam exempts 3 airlines from import tax

Vietnam exempts 3 airlines from import tax

May. 1 | The Vietnamese government is extending to three airlines—Cathay Pacific Airways, FedEx Corp. (FedEx), and Japan Airlines (JAL)—an exemption from import tax. This after Deputy Prime Minister Vương Đình Huệ agreed to the proposal of the Ministry...

Royal Cargo strengthens cold chain services with active cooling containers

Royal Cargo strengthens cold chain services with active cooling containers

Apr. 30 | Unlike traditional cooling containers or passive cooling, the active cooling containers provide a temperature-controlled environment that enables not only superior insulation but also a constant temperature range despite spikes in external temperature...

LBC posts 7% hike in 2017 income

LBC posts 7% hike in 2017 income

Apr. 30 | LBC Express Holdings, Inc. (LBCEH) reported a 7% increase in net income for 2017 to P984.922 million from P20.249 million in 2016 as a result of higher air cargo revenues. In a regulatory disclosure, LBCEH said revenues for 2017 went up 15% to P10.020...

UPS delivers double-digit earnings, revenue growth in 1Q 2018

UPS delivers double-digit earnings, revenue growth in 1Q 2018

Apr. 28 | Atlanta-based United Parcel Service (UPS) announced that first-quarter 2018 earnings per share (EPS) rose 17% to US$1.55 and net income increased 15% to $1.345 billion, led by double-digit operating profit growth in both international and supply chain...
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