Category Archives for Uncategorized

Forwarders find China’s VAT system 'clear as mud’ International freight forwarders that qualify for VAT exemption in China are complaining that the new system is unclear, drastically increases their administration work and leaves them with mountains of documents to file with the China Tax Bureau. “For every shipment, we need an agreement with the shipper […]

World Bank wants ‘task force’ to fix Cambodia logistics Weak logistics have stood in the way of Cambodia’s trade progress for years with its export costs at least 30 percent higher than those of Southeast Asian neighbours Thailand and Vietnam. Getting the goods from farmers to markets remains difficult, and exporters struggle to supply overseas […]

Japan, India to facilitate cooperation on infrastructure projects Japan has committed to doubling its investment in India to about $34 billion over the next five years. In addition, Japanese Prime Minister Shinzo Abe agreed to provide about $500 million in “overseas development assistance” loans to India Infrastructure Finance Co. to launch a public-private partnership infrastructure […]

Sical sells stake in MOL India auto joint venture Sical Logistics Ltd., India’s leading multi-modal logistics provider, is selling its 40.92 percent stake in Ennore Automotive Logistics, an automobile port yard joint venture with Japanese shipping group Mitsui O.S.K. Lines. “The board has approved the proposal to divest the company’s entire shareholding in the joint […]

Haier expands China logistics business as 3PL demand grows HONG KONG — Haier Electronics spent $60 million in the first half developing its logistics business as the well-known Chinese brand embarks on a bold new strategy to tackle the increasingly outsourced logistics requirements of household electrical appliances and consumer electronics. The company, a subsidiary of mainland […]

Iceland reduces volcano alert level, rescinds eruption notice Iceland has downgraded the alert level for a volcano from “red” to “orange” after backtracking on a statement made on Saturday that a small subglacial lavel eruption had begun under the site.  Even though no eruption has been detected, there is still concern among air cargo shippers […]

Ebola fears unfounded, shipping industry says Fears of Ebola transmission via ocean vessel entered the public imagination in 1995 with the Dustin Hoffman movie “Outbreak,” which featured an African monkey carrying an Ebola-like disease on a container ship headed to the U.S., where the disease wreaks havoc on the country’s population. A real-life outbreak of […]

Growth in Europe air, sea shipments to slow, Stifel survey says Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus. Stifel said expectations in August […]

JOC Inland Distribution Conference Confirms Key Industry Speakers Media Contact Alessandra Barrett, JOC Group Inc. +1-860-248-5238, abarrett@joc.com   JOC Inland Distribution Conference Confirms Key Industry Speakers Registration Expected to Jump 40 Percent Over Last Year October 22-24, 2014, Kansas City, MO   NEWARK, N.J., Aug. 18 — An expanded program for JOC Group Inc.’s 2014 […]

Cyberattack targeted UPS Store shippers Hackers may have stolen payment information from an undisclosed number of shipping customers of The UPS Store in a period stretching from January to August, UPS said Aug. 20. Malware discovered on systems at 51 UPS Store locations in 24 states may have collected names, postal and e-mail addresses and […]