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ADB sees higher growth for China in 2017, 2018 — December 14, 2017

ADB sees higher growth for China in 2017, 2018

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

ADB

BANGKOK, Dec 14 (FAM) – The Asian Development Bank has revised its growth forecast for China on the strength of domestic consumption.

In a supplement to its Asian Development Outlook Update 2017 report, the regional lender said it expects growth in China to expand by 6.8 percent in 2017 and 6.4 percent in 2018. The bank also revised its growth forecast upward for East Asia to 6.2 percent in 2017 from 6 percent, while its 2018 projections of 5.8 percent remained unchanged.

 

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European Commission issues notice on Brexit implications —

European Commission issues notice on Brexit implications

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

BRUSSELS, Dec 14 (FAM) – The European Commission’s Mobility and Transport Directorate-General issued on December 11 a Notice to Operators, in which the commission said that the U.K. will become a ”third country.” This means that unless a ratified withdrawal agreement establishes another date or the period is extended by the European Council, all Union primary and secondary law will cease to apply to the U.K. from March 30, 2019, 00:00h (CET).

The EU rules in the field of road transport no longer apply to the U.K. Certificates of professional competence issued by an authority of the U.K. or a body authorized by the U. K. will no longer be valid in the EU-27. Drivers who are U.K. nationals and do not constitute long-term residents in the Union, and who work for a Union haulier holding a Community license require a driver attestation.
 

Port of Long Beach to smash 2016 volume record —

Port of Long Beach to smash 2016 volume record

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

LONG BEACH, Dec 14 (FAM) – Port of Long Beach, a fully automated gateway for trans- Pacific trade on the west coast of the US, has reported that it will handle more than 7 million containers in 2017 for only the fourth time in its 106-year history.

Long Beach handled 612,659 twenty-foot equivalent units (TEU) in November, an increase of 14.7% over the same month a year ago. The Port said in a statement that the month’s large volumes were due to retailers rushing to stock goods for the holiday period and after-Christmas sales helped imports surge 18% to 319,210 TEUs.

 

DHL digital booking capability ‘will extend to LCL’ —

DHL digital booking capability ‘will extend to LCL’

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

FRANKFURT, Dec 14 (FAM) – DHL Global Forwarding plans to extend to other modes of transport the online instant quotation and booking service that it recently launched for air freight bookings, notably to less-than-container-load (LCL) ocean freight shipments.

The world’s largest freight forwarder launched the Online Freight Quotation and Booking service last month to simplify and speed up air freight bookings by providing an immediate price for general cargo air freight shipment up to 2,000 kilogrammes. It also offers two speeds of service via DHL’s Air Connect and Air Economy products, allowing customers a choice between cost and speed of delivery.

 

Where growth opportunities lie: logistics professionals say —

Where growth opportunities lie: logistics professionals say

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

BATH, UK, Dec 14 (FAM) – A report IN A Logistics Surveys 2017, the report provides up to date analysis of the key trends affecting the industry, split into five surveys investigating the freight forwarding, road freight, express and warehousing sectors as well as the increasingly important topic of environment and ethics in logistics.

While the individual surveys identify a different set of challenges for each of the logistics markets, disruption was one of the most important trends which was identified across all the segments. In each case, innovation and disruption was regarded as a ‘double-edged’ sword.

 

Cathay to launch direct flights from HK to Washington with 17 hours journey —

Cathay to launch direct flights from HK to Washington with 17 hours journey

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

HONG KONG, Dec 14 (FAM) – The new flight, on an A350 aircraft, will be the first commercial direct flight to Washington from Hong Kong and it will cut at least two hours from the current route served by multiple airlines, where there is at least one stopover.

It will also be the city’s longest non-stop air route and the longest flight for Cathay Pacific, its No 1 airline.

Two different sources familiar with the matter confirmed the news of Cathay’s Washington flight with the Post on Wednesday, saying it would boost Hong Kong trade and tourism links with the rest of the world.

 

 

China’s Wuhan Tianhe airport starts air cargo services to Chicago, Luxembourg —

China’s Wuhan Tianhe airport starts air cargo services to Chicago, Luxembourg

SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

CHICAGO, Dec 14 (FAM) – Thice weekly air cargo services have commenced between Wuhan in China’s Hubei province and Chicago. The route is operated by Shanghai-based logistics firm Apex Logistics.

The service’s first flight was operated by a Boeing 747 freighter that landed at Wuhan Tianhe International Airport carrying 105 tonnes of cherries and salmon from Chile. A report by Xinhua said the service opens up Wuhan’s first intercontinental air cargo route.

 

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