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News on third and fourth-party logistics service providers

UnionBank makes inroads in logistics with 30% stake in Shiptek

UnionBank makes inroads in logistics with 30% stake in Shiptek

May. 25 | At the May 22 event marking the agreement signing between UnionBank of the Philippines subsidiary UBX and Shiptek Solutions, were (L-R) Shiptek Solutions Corp. chief operating officer Joey Ynion, Shiptek chief executive officer Eugenio Ynion, UBX CEO...

One-day processing for brokers’ accreditation renewal, CPRS activation ordered

One-day processing for brokers’ accreditation renewal, CPRS activation ordered

May. 25 | Image by mohamed Hassan from Pixabay The processing of renewal of customs brokers’ accreditation and activation of the Client Profile Registration System (CPRS) for entities accredited by other government agencies must be completed within 24 hours of...

E-commerce conference explores customs, trade issues

E-commerce conference explores customs, trade issues

May. 23 | The physical aspects of cross-border e-commerce take center stage at the “Cross-Border E-Commerce: An International Trade and Customs Perspective” conference on July 26, 2019 at Solaire Resort and Casino in Parañaque City, Philippines. Organized...

2GO returns to loss in Q1

2GO returns to loss in Q1

May. 21 | Image by Elias Schäfer from Pixabay The 2GO Group, Inc. recorded a net loss of P291 million in the first quarter of 2019, a reversal from the net income of P38.437 million achieved in the same period last year. The group’s revenue increased by 11%...

PNOC, Chelsea Logistics mull joint fuel storage, terminal project

PNOC, Chelsea Logistics mull joint fuel storage, terminal project

May. 20 | Image by Photomat from Pixabay Chelsea Logistics Holdings Corp. (CLHC) and Philippine National Oil Company (PNOC) are exploring the possible joint development of a fuel and liquefied natural gas (LNG) storage and terminal for commercial and logistics...

LBC income nosedives 99% but revenue expands in Q1

LBC income nosedives 99% but revenue expands in Q1

May. 20 | Image by Gerd Altmann from Pixabay LBC Express Holdings, Inc. (LEHI) reported a net income of P7.572 million in the first quarter of 2019, a 99% drop from P570.563 million posted in the same period last year. Total comprehensive income also fell 91% to...

DHL’s Q1 earnings expand as all divisions achieve growth

DHL’s Q1 earnings expand as all divisions achieve growth

May. 15 | Global mail and logistics company Deutsche Post DHL announced an increase in both revenue and operating profit in the first quarter of 2019 compared with the prior-year period, noting organic top-line growth in all of its five divisions. The company in...

Another congestion? CDAP warns of CYs’ shutdown, holiday as utilization drops

Another congestion? CDAP warns of CYs’ shutdown, holiday as utilization drops

May. 13 | Image by druckfuchs from Pixabay The Container Depot Alliance of the Philippines (CDAP) is considering the closure of recently opened empty container depots (ECDs) outside Metro Manila and declaring a holiday in all member container yards (CYs) to address...

LBC advances its northern reach with newly opened Pampanga warehouse

LBC advances its northern reach with newly opened Pampanga warehouse

May. 13 | LBC Express has opened a new warehouse in Pampanga, part of its ongoing drive to expand its service to customers in the north. Currently in full operations, the 6,300-square meter (sqm) Kapayapaan Warehouse located within the Mexico Industrial Complex,...

Chelsea Logistics books 21% income growth in Q1

Chelsea Logistics books 21% income growth in Q1

May. 11 | Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC) earned P139 million in net income in the first quarter of 2019, 21% higher than the P115 million reported in the same quarter in 2018. During the first three months of 2019, CLIHC generated P1.6...
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