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Industry groups vs PPA accreditation rule for port service providers

Industry groups vs PPA accreditation rule for port service providers

Aug. 13 | A recent Philippine Ports Authority (PPA) order that requires all port service providers to secure accreditation is meeting resistance from customs brokers, domestic shipping lines and truckers. In separate letters to PPA general manager Atty. Jay Daniel...

DP DHL logs revenue and EBIT growth, raises lower end of full-year forecast

DP DHL logs revenue and EBIT growth, raises lower end of full-year forecast

Aug. 12 | Deutsche Post DHL Group (DP DHL) reported an increase in revenue of 3.0% year-on-year in the second quarter, as all five divisions contributed to the positive development, and all regions of the world posted growth. For the period April-June, group revenue...

Contract logistics sustains strong market growth in 2018—Ti report

Contract logistics sustains strong market growth in 2018—Ti report

Aug. 12 | The global contract logistics market grew 4.9% in real terms in 2018, one of the fastest growth rates seen in recent years, new research from Transport Intelligence (Ti) reveals. Ti’s latest market report, Global Contract Logistics 2019, paints a picture...

Asia Pacific air freight contracts 5.4% in June, 7.4% in H1—IATA

Asia Pacific air freight contracts 5.4% in June, 7.4% in H1—IATA

Aug. 10 | Global air freight demand decreased by 4.8% in June 2019 compared to the same period in 2018, marking the eighth consecutive month of year-on-year decline in freight volumes, according to data released by the International Air Transport Association (IATA)....

PH cold chain industry projected to expand by up to 10% in near term

PH cold chain industry projected to expand by up to 10% in near term

Aug. 9 | Cold Chain Association of the Philippines president Anthony Dizon The Philippine cold chain industry is expected to continue growing by 8% to 10% in the next five years due to population increase and change in consumer preferences, according to the Cold...

Hapag-Lloyd improves H1 profit on higher volumes, freight rates

Hapag-Lloyd improves H1 profit on higher volumes, freight rates

Aug. 9 | Germany’s largest container shipping liner Hapag-Lloyd has reported significantly higher earnings in the first half of 2019 as against the same period of the previous year, citing improved trade volumes and slightly better freight rates. In a statement,...

PPA suspends TABS bookings from Aug 9-10 to clear backlog

PPA suspends TABS bookings from Aug 9-10 to clear backlog

Aug. 9 | Aug 9 massive traffic jam on roads leading to and from the ports. Photo from the Facebook page of Manila Mayor Isko Moreno Domagoso. The Philippine Ports Authority (PPA) has suspended truck bookings into Manila South Harbor through the Terminal Appointment...

PH economy slows to 5.5% in Q2

PH economy slows to 5.5% in Q2

Aug. 8 | The Philippine economy grew 5.5% in the second quarter of 2019, its lowest growth in 17 quarters, and softer than the 5.6% growth recorded in the first quarter of 2019, according to the Philippine Statistics Authority. The weak performance is due to the...

Cathay Pacific reports H1 profit but warns of worsening operating conditions

Cathay Pacific reports H1 profit but warns of worsening operating conditions

Aug. 7 | Cathay Pacific Airways said the group continued its positive performance in the first half of 2019, but added that the operating environment has worsened as geopolitical and trade tensions intensified. In an August 7 statement on its interim 2019 results,...

Air cargo down nearly 9% in June and 5% in H1

Air cargo down nearly 9% in June and 5% in H1

Aug. 7 | Cargo transported by airlines fell almost 9% in June year-on-year, further widening the gap between the first half of 2019 and the same period in 2018, according to the latest data from WorldACD. In June, air cargo volume contracted 8.9% year-over-year...