QANTAS has announced plans to enter the Western Australian fly-in-fly-out (FIFO) resources air charter market, after striking a deal to purchase local operator Network Aviation. Qantas chief executive officer Alan Joyce said the acquisition is intended to offer the Qantas group a strong growth opportunity, new revenue stream and means for further divers...
INDIA's Airports Authority plans to appoint private agency Bhadra International in charge of air freight operations at Chennai International Airport. The proposed move, however, has come under attack as Bhadra International is said to be headed by former Airports Authority of India officials. "Many airport officials are questioning the logic behind...
THE International Air Transport Association (IATA) is predicting that the rebound in air cargo traffic that started in late 2009 will continue during 2011, albeit at a slower pace than that experienced in 2010. Speaking at IATA's Cargo Media Day in Geneva, chief economist Brian Pearce said the inventory restocking that resulted in year on year air frei...
CHINA, boasting the world's longest high-speed rail system, is to extend the network to its neighbouring southeast Asian countries, reported Xinhua. At the recent seventh world congress on high speed rail in Beijing, Lao deputy prime minister Somsavat Lengsavad said Laos has reached an agreement with China to set up a joint venture to build a railway l...
FedEx Corp has won another round in a legal battle to maintain the employment status of its US delivery drivers and avoid a potentially hefty rise in operating costs and possible damages, reported Dow Jones Newswires. The shipping and delivery group is being sued by a group of drivers seeking union representation in more than 20 states. They claim they ...
Bahwan DHL Supply Chain (BDHL), a joint venture between Bahwan CyberTek (BCT) and DHL Supply Chain plans to create a freight exchange, reported The Hindu. The 51:49 joint venture would be an intellectual property of BDHL, where the software for the exchange would be developed by Bahwan CyberTek and freight delivery would be handled by DHL. This agre...
Russian tycoon Alexander Lebedev has sold a four percent stake in flag carrier Aeroflot for US$110 million, a financial market source told Reuters. Under the deal, the National Reserve Bank (NRB), controlled by Lebedev, sold 44.2 million shares in the airline at $2.5 each – the minimum price NRB had signalled it would accept and below market level...
Asia Airfreight Terminal (AAT) tonnage throughput in November 2010 was 69,063 tonnes, recording a growth of 21 percent compared with the same period last year. Export cargo registered 52,181 tonnes, a growth of 20 percent when compared with the same month last year. Import cargo volume for November was 16,332 tonnes, up 26 percent. Transhipment carg...
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