Monthly Archives for January 2015

Kerry Logistics forms joint venture to grow Indonesia network HONG KONG — Kerry Logistics has formed a joint venture with Indonesia’s PT Puninar Saranaraya (Puninar Logistics) as it expands its business in Southeast Asia’s largest economy. The joint venture aims to combine Kerry Logistics’ global expertise and international freight forwarding network with Puninar Logistics’ local […]

Time healing supplier pain as China’s Go West policy gathers momentum HONG KONG — Challenges remain for second-tier suppliers of major manufacturers in China’s inland production centres more than 14 years after the Go West policy was introduced to shift factories away from the wealthier coastal areas and boost the economies of its poorer central […]

China’s growing logistics needs drive demand for GLP warehouses HONG KONG — Global Logistic Properties has signed new lease agreements in China for 1.1 million square feet in the past two weeks as the Singapore-listed developer continues to expand its distribution and e-commerce network in the country. GLP today signed a new lease at a […]

Survey of US shippers finds biggest spurt of optimism since 2011 U.S. shippers are the most optimistic they have been in nearly three years about freight growth, but they are also bracing for the sharpest uptick in transportation costs, excluding fuel costs, since 2011, according to a recent survey. The roughly 600 shippers surveyed by […]

Forwarders gear up for Chinese New Year cargo surge HONG KONG — Asia forwarders are preparing for a busy first quarter with a six-week sweet spot between the western year end and a late Chinese New Year expected to drive up cargo volumes being shipped out before the mainland’s most important holiday. Chinese New Year […]

UPS expands global express freight service as air cargo demand rises UPS is expanding its Worldwide Express Freight service, adding new origin and destination points for palletized express air freight shipments as international trade grows. The second-largest global transport operator added 12 new origin and nine destination countries to the time-sensitive door-to-door freight service. UPS […]

Kerry Logistics buying spree extends global network HONG KONG — Kerry Logistics Network’s acquisition drive has continued into the new year, as the company added majority stakes in two Canadian forwarding companies barely a week after acquiring a Dubai-based logistics operator. The Hong Kong-listed company acquired majority stakes in Total Logistics Partner Ocean Consolidators Inc. […]