Chelsea income deflates 54% in first 9 months

Nov. 17 | Image by Elias Schäfer from Pixabay Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC) reported a 54% decline in net income for the first nine months of 2019 to P20 million from P43 million in the same period last year due to its share of losses...

Income from AyalaLand’s logistics business expands 164%

Nov. 17 | Image by stuart_roger_miles from Pixabay AyalaLand Logistics Holdings Corporation (ALLHC), a subsidiary of Ayala Land, Inc., posted a net income of P500 million in the first nine months of 2019, up 164% from the P189.466 million earned in the same period...

Earnings on the rise for DP DHL despite ‘uncertain times’

Nov. 15 | Global logistics leader Deutsche Post DHL (DP DHL) group saw continued profit growth in the third quarter of 2019 as all of its five divisions reported revenue and EBIT growth. Group revenue increased by 4.7% year-on-year to EUR15.6 billion (US$17.2 billion)...

Fall in shipping revenue drives 2GO loss in first 3 quarters

Nov. 13 | Image by Gerd Altmann from Pixabay 2GO Group, Inc. incurred a net loss of P758 million in the first nine months of 2019, higher than the P707 million loss for the same period last year as shipping revenues declined and cost of services increased. Revenues...

CJ Logistics inaugurates new parcel distribution center in Thailand

Nov. 13 | South Korean-based CJ Logistics has launched a new parcel distribution center in Thailand with plans to invest a total of US$43 million in the facility by 2021 as part of its “Pan Asia No.1” strategy. Located in Bangphli (Bangna), Samutprakarn, the...

Supply Chain Perspective to be held in Davao City

Nov. 12 | The Supply Chain Management Association of the Philippines, the country’s premiere supply chain organization, will hold a day-long conference, Supply Chain Perspective, in Davao City. The event is set for 15 November 2019, from 9am to 5pm, at the Apo...

DSV Panalpina’s CFO turns 50

Nov. 8 | Jens H. Lund, CFO, DSV Panalpina Jens Lund joined DSV as Group CFO in 2002 – at the age of 32. In 2000, he was working for Carnegie Investment Bank and was the lead corporate finance advisor for DSV on the acquisition of DFDS Dantransport. He did such...

FedEx to expand Clark operations but keep Aspac hub in China

Nov. 7 | Photo from www.fedex.com Global logistics operator Federal Express Corp. (FedEx) said it will expand its operations to Clark in Pampanga but clarified it has no plans of transferring its Asia-Pacific hub from China to the Philippines. “FedEx is not...

MacroAsia, Konoike Transport strike acquisition, partnership deal

Nov. 6 | Image by Pete Linforth from Pixabay Philippine aviation support service provider MacroAsia Corporation and Japan-based Konoike Transport Co. Ltd have agreed to buy stakes in each other’s groundhandling service companies. MacroAsia will acquire a 30%...

Study cautions against ban, regulation of foreign shipping line surcharges

Nov. 5 | Image by Alexander Kliem from Pixabay Instead of an outright ban or regulation of surcharges imposed by international shipping lines, the Philippine government should draft rules to monitor such surcharges, according to a study commissioned by The Wallace...