Latest News for: China freight forward

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UPS reports $11.55 billion profit for 2022 as it continues to hike rates

Eagle-Tribune 01 Feb 2023
In the fourth quarter, UPS said it saw a decline in volume in China, along with declines in its freight forwarding business ... Looking forward, economic uncertainty and the possibility of a recession is weighing on companies ... in Eastern Europe, COVID disruptions in China and our U.S.
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"In recent years, the trend of imported fruit has changed, import volume of SE Asian ...

Fresh Plaza 17 Jan 2023
Thanks to the relaxation of the national pandemic prevention policy, the shipping liner arrived in China relatively accurately, and through the efficient operation of the port terminal, as well as the joint efforts of the freight forwarder and the logistics company, there are fewer obstacles this year, such as port congestion and blocked sales.
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Report: Inflation, recession top 2023 supply chain fears

SAFETY4SEA 11 Jan 2023
Carriers, freight forwarders, container leasers and traders might bear the brunt of low rates and excessive competition as markets will slowly align with the dropping demands ... As airfreight volumes will continue to drop, freight forwarders will become wary of long-term contracts.
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First five-year plan to modernize logistics revealed

ECNS 04 Jan 2023
The policy document also highlighted the need to ramp up the development of international logistics networks, including improving the organization of China-Europe freight train services, moving forward with the development of overseas warehousing and encouraging major logistics providers to improve their global service networks.
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ATIF and New Century formally signed an IPO consulting agreement

Victoria Advocate 03 Jan 2023
New Century is a Hong Kong based freight forwarding service provider with operations in Hong Kong and Shenzhen, China ... New Century is a professional air and sea freight forwarding service provider, specializing in the sale of cargo space, collection of cargo, outside airport air ...
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EV Cargo Appoints Industry Veteran Barry Ng as Managing Director of Greater China

Eagle-Tribune 07 Dec 2022
Appointment will drive the expansion of EV Cargo’s business across Greater China and internationallyHire adds significant leadership, local knowledge and expertise across freight forwarding, logistics and e-commerce related services, spanning a wide range of industry sectors.
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2023 could bring ‘all-out price war’ for container lines

Seatrade Maritime News 07 Dec 2022
For freight forwarders, the new market dynamic gives them a better hand in negotiations, leading to forecasts of falling contract rates in the early part of 2023. “Tight grip on costs becomes paramount for freight forwarders into the year 2023 ... will be crucial for the forwarders.
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PSA beyond ports - building networked corridors and solutions

Seatrade Maritime News 29 Nov 2022
He talked about two different corridors one between Singapore and China, and another in Saudi Arabia connecting into PSA’s global network ... If that customer is in China then the freight forwarding and documentation can be completely seamless.
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Nation bags medals at skills contest

China Daily 28 Nov 2022
Zhu Ke, from Shanghai Polytechnic University, Jiang Xinhua from Ningbo Technician College and Jiang Yuhe from Henan Chemical Technician College won the nation's first gold medals in freight forwarding, heavy vehicle technology and chemical laboratory technology, since China started entering delegations in World-Skills competitions in 2011.
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Hongqiao to build China's first trade digitalization center

China Daily 16 Nov 2022
To date, 20 institutions have expressed intentions to set up operations at the center, including Singapore-based CrimsonLogic, JD Cloud, Onion Global, Bank of China, Shanghai International Freight Forwarders Association and the Shanghai Customs Brokers Association.
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China – LA container spot rates slump to pre-pandemic peak season levels

Seatrade Maritime News 26 Oct 2022
Container spot freight rates between China and Los Angeles have dropped to ... Shifl’s forwarder drive container spot freight index Shifex for forty-foot boxes from China to Los Angeles fell to $1,825 in October, the same level that was seen in the pre-pandemic peak season in 2019.
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132nd Canton Fair to open on Oct 15

China Daily 29 Sep 2022
The 132nd China Import and Export Fair (Canton Fair) is scheduled to open on Oct 15 in Guangzhou and will be held online ... At the same time as the online exhibition is held, Guangzhou has invited freight forwarders, financial institutions, and credit insurance institutions to provide online services.
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Xeneta Real-Time Container and Air Freight Rates Update: Week 38

The Maritime Executive 26 Sep 2022
Air freight overview ... Interestingly, Xeneta has also found that freight forwarders appear to be increasing their margins on the ChinaEurope trade, with a growing spread between their ‘buy’ and ‘sell’ rates over the course of the year.
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Prosperous development of China-Europe freight trains boosts overseas trade

China Daily 19 Sep 2022
To ensure the smooth and steady inbound and outbound flow of China-Europe freight trains, Suifenhe Railway Station opened a green channel for cargo transportation, with its staff communicating with Customs administrators and freight-forwarding companies in advance.

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