Logistics News in Review: October 27, 2008

Monday, October 27, 2008 8:37
Posted in category China Logistics

The chum is in the water, and this week we are beginning to see the early signs that China’s export economy is coming off.

At this point, it is still possible that there is growth in exports, but if you believe a recent BBC interview… then exports are 50% off… and that is scary.

The most interesting news of the week though was that the State Council approved the merger of Sinotrans, Changjiang Shipping.  It is a deal we heard about last year, and if you are interested in the implications I would refer you to my previous post.

and with that, here is the rest of the news for the week.

Postal
China regulators penalize FedEx over letter deliveries

Air
Lufthansa’s Pudong cargo handling deal tip of the iceberg
Cargo 2000 expands presence to Northern China
UPS Begins Construction of Intra-Asia Hub in Shenzhen

Water
APL slashes capacity on major trade lanes
Crisis Hits World Shipping
Turning the Yangtze into a Goldmine
Shanghai port cuts 2008 container traffic target
Tianjin harbor ranks world’s sixth in annual throughput
China’s port capacity exceeds demand

Rail
Feasibility studies on missing links of Singapore-Kunming Rail Link completed
Guiyang-Guangzhou railway to start construction in mid-Oct
Forex speculation hits rail builders
Alstom helping to shape China’s future
Tianjin to get three new railways in 2008
China to invest in rail network as stimulus measure:

Freight Forwarding
Logwin Awarded Major Logistics Contract with SCI

Warehouse/ Distribution
Borouge, Enpro to build logistics hub in China
Good Life China (GLCC) to Spin Off Logistics Division valued at $1.5 million U.S

Logistics
Logistics has become an industrial rising star in China

China Buys Algerian LNG Cargo at Record Price to Boost Supplies 

Software

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4 Responses to “Logistics News in Review: October 27, 2008”

  1. ian channing says:

    October 27th, 2008 at 3:11 pm

    I can’t find anything about exports being 50% off in this BBC story. It does have somebody saying “Unofficial estimates show that 20% of export companies have closed down” though.

  2. Rich says:

    October 27th, 2008 at 7:31 pm

    ian.

    I pulled that from the second interview:

    this time last year, we were handling something like 100 to 200 containers a week, but this year, it has dropped by more than a half.

    to be honest, there are a 1000 reasons why his specific company is off 50%, however I have spoken to a friend at Yantian and they have told me that they are way off. Cannot give me numbers, but volumns have dropped off, and that to me a sign.

  3. ian channing says:

    October 28th, 2008 at 4:59 am

    Richard
    Thanks for getting back, and thanks also for generally going to the trouble of providing and frequently updating this very insightful site, which I access several times a week.
    Ian

  4. Rich says:

    October 28th, 2008 at 5:30 am

    Hey Ian.

    No worries. glad you are stopping in several times a week.. although, I really would suggest you come in daily!

    R

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