News - Transport and Logistics Information Portal


Singapore GDP increases 4.1pc in 2013, expected to grow 2-4pc in 2014.

Singapore's economy grew 4.1 per cent in 2013, higher than the 1.9 per cent growth in 2012, with this year's growth forecast at two to four per cent, said the Ministry of Trade and Industry.

Cosco sells assets to offset losses and avoid delisting in Shanghai.

China Cosco, parent of Cosco Container Lines, has staved off an embarrassing delisting from the Shanghai Stock Exchange after managing to prevent a third straight year of loss-making through the sale of assets totalling CNY7.98 billion (US$1.3 billion).

New Sino-Kazakh rail freight crossing volume up 10 fold over 2012.

The new Khorgas Sino-Kazakh border railway checkpoint handled 10 times the freight to 1.61 million tonnes, carried in 57,587 trains, since it opened in December 2012, reports Xinhua.

Beijing Post, PayPal sign international logistics agreement.

Beijing Post, the leading postal service provider in China, has announced that it has recently signed a deal with PayPal Inc, the largest online payment platform in the world, on creating an international logistics solution known as PayPal Package to facilitate cross-border e-commerce, reports Xinhua.

European Commission issues proposals to standardise EU customs penalties.

The European Commission is proposing to standardise customs penalties across the EU, first by outlining a uniform list of offences with recommended fines and fees, said an EC statement.

Asia-Europe volumes surge as rates plunge: Container Trades Statistics.

Latest Container Trades Statistics (CTS) figures reveal that Asia-Europe box volumes posted a 8.5 per cent year-on-year surge to 1.1 million TEU in October, but freight rates have fallen as low as US$1,000 per TEU on the Asia-North Europe route.

Lithuania Post parcels up 46pc, incoming mail rises 22pc in 8 months.

Lithuania Post's volume of outgoing cross-border postal parcels increased by 46.4 per cent in the first eight months of the year, while the number of parcels from overseas that were delivered to addresses in Lithuania was up four per cent.

Xian to build China's first hinterland international transit hub port.

The northwestern China's Xian city in Shaanxi province plans to build China's first hinterland international transit hub port to link the overland international freight route of "silk road economic belt", reports Xinhua.

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