Yusen Logistics (Cambodia) Co., Ltd. has acquired a customs license from the Cambodian Ministry of Economy and Finance, allowing the company to offer customs clearance for Cambodian imports and exports.
The International Air Transport Association (IATA) released January performance data showing a strong rise in airfreight growth compared to a year ago. Global freight tonne kilometers (FTKs) rose 4.5 percent in January compared to January 2013. This is a significant acceleration on the 2.2 percent year-on-year growth rate recorded in December, and is well above the 1.4 percent full-year growth reported for 2013 as compared to 2012.
Analyst Insight: Economic growth has recently slowed in the BRICS countries, causing concern among both global and domestic investors. In many industries, the time for reaping quick rewards from investment has passed. If companies want to continue succeeding in the BRICS markets, they need to increase their focus on creating competitive operational models, with a major emphasis on improving supply chain management. - Viktoria Sadlovska, Managing Director, Prameya Research, & Lead Author of the Pragmatic Value Chains Blog
In the next two years Amazon, the world's largest retailer, will use its own logistics network to deliver nearly every product sold on its Indian portal.
Global forwarding group DB Schenker says it has taken a fresh look at the modes of transport usually chosen for moving freight around Asia and switched to a more efficient multimodal option which it has christened the "Asia Landbridge."
After more than two decades of development, cross-strait economic and trade ties between Taiwan and the mainland are undergoing a transition. Likewise, China's economy has also entered a transitional phase.
The CMA CGM Group is launching a space-sharing agreement with container-carrying partners Maersk Line, APL and OOCL on three services from the Far East to the Indian Subcontinent, starting in February of 2014.