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Media
HONG KONG's Cathay Pacific Airways has announced that it estimates its consolidated profit for 2010 will HK$12.5 billion (US$1.61 billion) at least due to strong demand. The news, Bloomberg reported, caused Cathay stock to rise five per cent to HK$23.60 as of 11:16am on Hong Kong stock exchange, poised to hit its record high set in March 1990.The stock...
SOUTHEASTERN China's Fujian province sees its waterway cargo volume increased 19.9 per cent year on year to 140 million tonnes during the first 10 months of this year while turnover volume grew 27.7 per cent to 184.9 billion tonnes per kilometre. The province's road cargo traffic went 19 per cent up to 382 million tonnes, according to statistics from ...
CHONGQING is to invest CNY2.5 billion (US$375.7 million) on building a road logistics centre in its Jiangjin District, Xinhua reported. According to the development plan, the facility will cover 66.7 hectares. After completion in three years, thousands of road logistics operators are expected to open offices there and generate sales of more than CNY10 b...
THE new 1,318-kilometre Beijing-Shanghai railway, which claims to be the world's longest "high-speed" rail link, has completed laying track, reports Xinhua. This CNY220.9 billion (US$33.3 billion) railway building started in April 2008 and is scheduled to open in 2012. Once completed, transit time between the two cities will be cut from 10 to four hour...
The integrated supply chain model provides a firm a view of overall waste. Employing the lean logistics business model to reduce risk and drive ROI (returns on investment) remains very popular today. Logistics service providers (LSPs) began to execute leaner logistics strategies during the economic downturn, but now with the recovery in the economy that...
LUFTHANSA Cargo says it has become the first foreign air carrier to become Partners in Protection (PIP) validated. PIP is a voluntary Canada Border Services Agency (CBSA) programme that aims to strengthen supply chain security in a private-public partnership. "Lufthansa Cargo is continuing to take the steps necessary to provide the utmost in security me...
FEDEX EXPRESS has acquired the logistics, distribution and express businesses of AFL Pvt Ltd in India and its affiliate, Unifreight India Pvt Ltd, for an undisclosed amount. The acquisition of privately held AFL, including AFL Logistics and Distribution and AFL WiZ Express, "will give FedEx a more robust domestic ground network and added capabilities in...
SHANGHAI-based China Eastern Airlines has signed a US$1.2 billion deal with British jet engine maker Rolls Royce, reported Xinhua. Chinese Premier Wen Jiabao and British Prime Minister David Cameron witnessed the contract signing during the British leader's official visit to China. According to the agreement, Rolls-Royce will sell China Eastern eng...
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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