China Logistics Monthly Report – April 2009 China Logistics Monthly Report, a monthly English review co-operated by Chinadaily.com.cn and ResearchInChina.com, brings you the latest industry news, policies, analyses, statistics and business information for investment and co-operation on China's fast-growing logistics market. China Logistics Monthly Report keeps you abreast of the logistics news surrounding China's aviation, railway, shipping, expressway, and many other manufacturing and service sectors around the country. Table of content • OVERSEAS BULLETIN • Sino-Global cuts costs • United Air chief sees glimmer of hope • New Evergreen service links China, US ports • Kerry Properties to build 3 logistics parks in mainland • New flight may draw travelers • US carriers on slower boat to China this year • Crisis not dampening Airbus China assembly target • Tianjin may get A350 airframe work • DHL sees early signs of Asia business stabilizing • BA looks East to avoid turbulence • UPS picks up market share in Asia as revenue falls • US firms upbeat about China • U-Freight expanding in Chinese mainland • Boeing sees no change in Shanghai MRO plans • GENERAL EVENTS • China’s logistics industry being rationalized • China Agri-Industries to form port logistics arm in Tianjin • 360buy.com launches logistics unit • No more freight rate discounts, say weary air cargo operators • • Forwarders mull more use of air freight as prices fall Postal revision in line with WTO rule • • • • • • • • • • • • • • • • • • • • • • • • • AVIATION Beijing bucks the trend CNAF to hike capacity Chinese airlines Q1 profits estimated at $116m Private airlines sent into a tail-spin China’s nascent low-cost airlines Daxing to get Beijing’s 2nd airport Hongqiao airport receives a facelift China’s top airlines may return to profit this year Carriers ask staff to take unpaid leave Local carriers to get Airbus A320s Tianjin to focus on aviation, space industries Cathay Pacific defers two 777 delivery till 2010 Ill-advised price hikes Small airports to get govt backing Top administrator denies joint air fare hike Price cuts keep Spring in the black Consumer-right groups call for probe into air ticket price hikes Skies open up over Straits Beijing airport to buy terminal from parent Services key to airline recovery Chinese cancel US tour plans Chinese jumbo jet maker secures 30b yuan credit line Shanghai Airport Q1 net profit down nearly 70 percent Fear of epidemic drags down airline shares • Cathay accused of price-fixing • • • China Southern Events China Southern dives into the red China Southern Q1 profit down 71% • • • • • • Air China Events Air China to increase stake in cargo unit Air China posts $9.26b loss in 2008, returns to profit in Q1 Air China to lift capacity on signs of improvement New east-west air links Air China cuts spending • • • • China Eastern Events China Eastern cuts investment to curb losses China Eastern reports steep full-year net loss China Eastern predicts no profit till 2011 • • • • • • • • • • ROAD & RAIL Traffic authorities reveal locations of cameras China Railway bags 11 orders Beijing car restrictions to continue Hebei set for rapid rail links China Railway Construction bags 6.23b yuan order Parking fees in downtown Beijing set to increase China’s first expressway hikes tolls to fund expansion $6.6b to fund rural roads promise Rail traffic shows slight increase in Q1 • Changchun’s rail park on track to woo investors • • • • • • • • • • • • • • • • • • • • • • • • SHIPPING China Shipping realigns strategy Shanghai Zhenhua wins $70m order Shipping firm trims earnings estimate Port: A shelter in rough times More ships at Shanghai COCSCO Pacific net plummets 36% in 2008 Container throughput to stay weak Guaranteed LCL service from OD Global and Hanjin China COSCO walks off with Golden Roundtable award COSCO Shipping expects lower Q1 earnings COSCON launches direct service from Fuzhou to SW America HIT sacks 28, may cut more jobs Hong Kong port's throughput improves China Merchants 2008 net up 4.5% Shippers beat down carrier rate increases COSCON to extend Southeast Asia service HK ranks world’s third busiest port in 2008 COSCO plans to cut, delay ship orders Low handling charge hurts Tianjin Shanghai port net profit down 28% Qingdao surpasses Shanghai in port throughput Yangshan Port given tax incentives to move forward COSCO Pacific Q1 net falls 35% How to Buy Product details USD How to Order File Single user 299 PDF Enterprisewide 349 PDF Publication date: May 2009 By email: report@researchinchina.com By fax: 86-10-82600829 By online: www.researchinchina.com For more information, call our office in Beijing, China: Tel: 86-10-82600828 Website: www.researchinchina.com