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Logistics provider Toll Group has bought a Queensland poultry transport business and also cut its holding in a Shenzhen property developer, reported The Advertiser. Toll paid about US$25 million for McLaughlin Freightlines and expects the purchase to be earnings per share positive in its first year. Toll Group managing director Paul Little said it h...
THE UAE's aviation sector continued to grow in November with an average of 1,888 flights aircraft flights taking place each day, reaching a two-year high, the federal General Civil Aviation Authority (GCAA) said in its latest report. Movements represent an increase of 6.9 per cent compared with the same period one year before, reports Abu Dhabi's Nati...
CHINA's AVIC International is to buy US general-aviation engine manufacturer Continental Motors from Teledyne Technologies for US$186 million in cash, reports Aviation Week. The acquisition of Mobile, Alabama-based Continental and its service centres requires US government anti-trust and foreign-investment clearance as well as Chinese government approv...
AVIATION baron Richard Branson, founder of Virgin Airways, is funding a whistle blowing website to inform on ships and shipping companies that fail to measure up in the fight against alleged global warming. "You can go online and see an estimate of how clean or dirty the ship is," said project leader Peter Boyd to a Sky News interviewer. But Interna...
International air cargo volumes have grown by 26 percent so far this year and Asia carriers will report strong 2010 financial results, announced the Association of Asia Pacific Airlines (AAPA). “Asia Pacific carriers have managed their way successfully through the downturn, and are on track to report significantly improved financial results for th...
HONG KONG's Civil Aviation Department (CAD) has given approval for passenger fuel surcharges levied by three airlines to be increased for the period from January 1 to 31, 2011. The new maximum levels of fuel surcharges will be HK$129 (US$16.58) for short-haul flights and $621 (US$70.8) for long-haul flights, which represent an increase of eight per cen...
THE operator of Frankfurt Airport in Germany, Fraport AG, has announced that the airport handled a record 198,333 metric tons of air freight in November 2010, representing an increase of 5.2 per cent compared to the same month last year. From January to November, Frankfurt Airport (FRA) handled a total of 2,051,675 metric tons of air freight, up 23.4 pe...
IT is reported that Boeing Co may delay delivery of its new 787 Dreamliner until late June or July next year, after a Reuters' report said the US aircraft manufacturer was still studying its delivery schedule for the aircraft. French newspaper Les Echos has also reported that Boeing could begin deliveries next summer, based on talks between Boeing and ...
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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