Like to thank Ian for sending this Youtube clip along of the new Guangzhou train station. Perhaps one of the busiest in the world, this new station is HUGE. Apologies for those of you behind the firewall, but for those of you who are able to view… enjoy.
Important News:
DHL sees early signs of Asia stabilising
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Read the news after the break, but here is an important supply chain related article that you should be aware of as well:
Managing Supply Chain Risk by Monitoring Chinese Sourcing Capacity
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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