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TAIWAN's leading air carrier EVA Airways is to buy a 16 per cent stake in Shanghai-based China Eastern Airlines cargo division of China Cargo Airlines (CCA) at an investment of CNY328 million (US$49 million) along with fellow investors Singapore Airlines Cargo (SIA) and COSCO. The deal followed China Eastern's merger with Shanghai Air and the subseque...
FEDEX has announced that December 20, 2010 was its busiest day in company history for 285,000 of FedEx Corp's team members around the world, with drivers picking up almost 16 million packages. This volume represents an increase of nearly 13 per cent compared to last year's busiest day and is double the volume handled on an average day in the FedEx net...
WEST China's Xingjiang posted a 7.6 per cent growth in rail freight volume to 62.97 million tonnes in the first 11 months, an increase of 4.44 million tonnes over the same period last year, reports Xinhua. The outward cargo volume from Xingjiang grew 12.1 per cent to 42.62 million tonnes, an increase 4.6 million tonnes year on year. (Source:www.schedn...
CHINA's government has announced a new rule to exempt vegetable trucks hauling tolls on all highways and expressways, so as to stabilise the price of vegetables, reports Xinhua. Toll stations offer green channel for the trucks carrying vegetables, which can cut down the transport cost and time for agricultural products and make land-sea transport more ...
Japan's All Nippon Airways and Hawaiian Airlines will launch a cargo code-sharing service between Tokyo and Honolulu on Dec.22. The start of the service comes approximately two and a half months after carrier officials met in Tokyo and signed an agreement to establish a commercial partnership. ANA began services Oct. 31 from the recently completed ...
Some of the world's fastest growing airlines face significantly higher costs for new planes after the U.S., the European Union, Japan and seven other countries agreed to toughen rules for government subsidized aircraft financing. After year long talks, the nations struck an outline agreement at the Organization for Economic Co-operation and Development...
The EU Commission slammed Europe's aviation disruption as unacceptable and urged airports to "get serious" about better planning for bad weather, reported Press Association National Newswire. Transport Commissioner Siim Kallas said the chaos at airports across Europe "should not happen again". And he warned that if necessary the commission would br...
Creditors of Korea Express came to a conclusion to sell their stakes in the company from early next year, reported Maeil Business Newspaper. The creditors decided to mull over what would be the best way for the sell-off, an open bidding or limited competitive bidding. According to the financial industry, Korea Development Bank (KDB), one of the cred...
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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