Topic “logistics” — Exporter Magazine

US’ second largest package shipping giant FedEx has reduced its full-year forecast despite its first quarter net profit from June to August increase 22% to USD$464 million drawn on revenues of $10.52 billion, according to the Shipping Gazette FedEx Express has opened its largest station in Shanghai which is one of the fastest growing economies in China, totalling US$207.89 billion in imports and exports, up 21% year on year, according to the Shipping Gazette. India is suffering growing pains as global demand for its agricultural and manufacturing goods is greater than its transportation infrastructure can handle, according to the Shipping Gazette. The Queensland government has announced that the Port of Brisbane, one of Australian’s fastest growing container ports, will be sold for AUD$2.3 billion NZD$2.9 billion) to Q-Port Holdings, a consortium of Middle Eastern and local investors, according to the Shipping Gazette, citing the Australian Broadcasting Corporation. China Rail has opened a new intermodal centre at Jiaozhou city to enhance the container services to and from the port of Qingdao and other harbours to the eastern Province of Shangdong, according to the Shipping Gazette. The indefinite suspensions of 15 international and 30 domestic routes bring Japan Airlines Corp’s total route cuts to 78, effectively slashing 40% of its international operation and 30% of domestic operation. The airline, known as JAL, had suspended 33 routes during the fiscal year ended March.