U&I Logistics - Thailand is to invest around US$15 billion in transport infrastructure, including upgrades to its key container port, Laem Chabang, in order to boost economic growth.
U&I Logistics - Freight rates for container exports from China continued to decline in the eight week of the year despite transportation capacity adjustments.
U&I Logistics - China said on Monday that small businesses with monthly sales of less than 100,000 yuan ($14,744.48) would be exempt from value-added tax (VAT) from January 1 to December 31, 2023, another move to ease the burden for firms amid the nation’s stronger efforts in bolstering growth.
U&I Logistics - More than half of logistics managers surveyed by CNBC do not expect the supply chain to return to normal until 2024 or after.
China’s manufacturing sector has shrunk for the third month in a row, with Beijing’s zero-Covid policy causing more logistics disruption and a dip in ocean shipment volumes.
