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Korea Development Bank chief executive Min Euoo-sung said two to three major corporations have expressed interest in acquiring a controlling stake in Korea Express Co. A KDB official confirmed comments made by Min that were published by local media today. Min said the sale would start early this year. Min, however, didn't identify the firms that have e...
THE largest air freight portal in the Middle East, Dubia-based Calogi, is celebrating two years of cost cutting, eco-friendly IT solutions to the air cargo supply chain. The first of its kind in the air cargo community worldwide, Calogi was launched in 2008, and over the past two years has achieved significant progress, said a company statement. Com...
AUTHORITIES in the unruly, unrecognised Somaliland separatist state have fined a cargo plane, confiscated its cargo and sentenced its crew to jail, Radio Garowe reports. Garowe is the capital city of the neighbouring administrative region of Puntland, and is the seat of the regional parliament, presidential palace and government ministries. The plan...
HONG KONG's Cathay Pacific Airways has revealed that soaring air cargo sales volumes in 2010 will likely mean the company's biggest profit ever. But this success also comes with demands from pilots for a 30 per cent pay increase over four years and the threat of go-slows if demands are not met. "We expect to make a profit of not less than HK$12.5 ...
Global air cargo growth slowed sharply in November to the lowest level of the year, but volume still matched the pre-recession levels of early 2008, International Air Transport Association said. Air freight grew 5.4 percent in November from a year ago after expanding 14.5 percent year-on-year in October, according to IATA. The slowdown was exaggerat...
Another new Boeing Next-Generation 737-800 with the new Boeing Sky Interior took to the skies over Seattle, as Continental Airlines, a wholly owned subsidiary of United Continental Holdings, Inc., became the first U.S.-based carrier to fly with the new interior. Continental's jet features the new United Airlines livery. Wednesday's flight marks comple...
Orders for American commercial aircraft and parts fell US$6.6 billion in November while orders for other transport equipment increased, according to the US Census Bureau. The decline, the third in four months, was held responsible for a $2.6 billion or 1.3 per cent decline in durable goods orders to $193.7 billion, reported Newark's Journal of Commerce...
The International Air Transport Association (IATA) announced international scheduled traffic results for November showing 8.2% year-on-year passenger traffic growth and a 5.4% increase for freight. The passenger load factor for November averaged 75.6% while the freight load factor stood at 55.2% for the month. November saw traffic growth slow from the 1...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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