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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...
A WEAKENING in the volume of Asian air freight bound for the US may indicate that purchases of electronics and appliances by US consumers may be slowing after a post-recession spending spree, reports Bloomberg. It cited the International Air Transport Association (IATA) as saying earlier this month that shipments from Asia to the US increased by 15 per ...
FOLLOWING investment by several carriers, Shanghai-based Air China Cargo (ACC) will double flights between Shanghai and Tokyo's Narita airport to four a week from January. Frequency will increase from its usual Tuesday and Saturday flights deploying a 747-400 carrying 110 tons begun in late October to Thursdays and Fridays from January 13 to meet risin...
MONTREAL-based Canadian National Railway (CN) has completed a US$5 million connection to link CN's track with the Elgin, Joliet and Eastern Railway Company's (EJ&E) short line at Griffith, Indiana. This is the break-out line to bypass congested Chicago traffic, providing speedy access to and from the US Midwest, south and eastern regions, particul...
Hong Kong International Airport (HKIA) announced that its passenger volume and cargo tonnage have exceeded the 50 million and four million marks respectively for the first time, setting new annual records. A commemoration ceremony was held at the airport in the presence of Eva Cheng, Secretary for Transport and Housing, Dr the Hon Marvin Cheung Kin-tung...
NEW ZEALAND has fined Geologistics International (Bermuda) NZ$2.5 million (US$1.87 million) for its role in fixing air freight forwarding prices. The company admitted to the High Court in Auckland that it broke New Zealand's Commerce Act by entering into a surcharge agreement with rivals that controlled and maintained prices for freight forwarding betw...
TWO Bandar Seri Begawan air cargo security guards were sentenced to six and 16 months jail by the Bandar Seri Begawan Magistrate's Court after pleading guilty to theft charges. On December 1, the thefts were reported at Brunei International Air Cargo Centre (BIACC) cargo storage warehouse. Three weeks later police implicated 25-year-old security man Ak...
FEDEX has reported a consolidated net profit of US$283 million for the second quarter ending November 30, representing a year-on-year decrease of 18 per cent, largely the result of internal restructuring costs. Overall second quarter revenue rose by 12 per cent year on year to $9.63 billion, while operating income of $469 million was down 18 per cent. ...
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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