ICTSI holds the fort 
Filipino port and terminal operator International Container Terminal Services, Inc. (ICTSI) has released its unaudited consolidated financial results for the first nine months of 2020. Revenues from port operations amounted to USD 1.1 billion, moving sideways compared to the... more
Ready for World Shopping Day
In Spain, Ali Express, an affiliate of Alibaba, is reshaping its delivery network. The company has established three warehouses near Madrid, where it has a stock of thousands of different products sent by sellers in Asia, which can be delivered to Spanish customers within three... more
TIR carnet use in Mongolia triples
Growing numbers of Mongolian transport firms are taking advantage of the facilitation and security benefits of the TIR system. Compared to 2019, the number of TIR carnets issued by the national road transport association of Mongolia has almost tripled in 2020. China’s recent... more
ESR's latest facility investment
Hong Kong-based ESR Cayman, a major Apac-focused logistics real estate platform, has closed a new facility agreement. The investment amounts to about JPY 15 billion (USD 143 million) for a three-year unsecured term loan facility with an upsize option to JPY 20 billion in the... more
The mega trip reborn
Chinese carrier Cosco Shipping has placed orders for seven new container vessels with a capacity of 23,000 teu each. The overall investment is estimated at USD 1.1 billion. Cosco's affiliate Orient Overseas International inked the respective agreements to build the ultra... more
Results from the East and West Coast
As the shopping season enters in full motion, US Customs and Border Protection (CBP) officers at the international mail facility (IMF) of Los Angeles airport have intensified "Operation Mega Flex", a CBP-led ongoing nationwide aggressive crackdown in seizing illicit... more
Lineas and EWS double fumigation capacity
EWS, a specialist for pest control, and railfreight operator Lineas will double the fumigation capacity at the main hub in Antwerp, Belgium, to meet the increased demand for lumber transport from Europe to China. Every week more than 3,000 containers of wood pass through the... more
Nana Lin as Geodis' managing director
Lin Shih Ying (Nana Lin) has been appointed new managing director in the Geodis' Asian Pacific (APAC) region, more specifically in Taiwan. She joins the company with over ten years of experience in international supply chain management, having worked for major logistics... more
ONE improves results significantly
The wave of good news from carriers continues. Japan’s Ocean Network Express (ONE) reported a profit leap of 326% for the second quarter of its fiscal year 2020, which runs from April 1 to March 31. The Singapore-based container carrier said its Q2 profit came to USD 515... more
To Russia with love
Austrian logistics group Gebrüder Weiss (GW) launches a new weekly scheduled service between Vienna and Moscow, effective immediately. It is the company's second regular direct connection to the Russian capital in order to expand its groupage freight services to Russia. The... more