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ASIA continues to play a pivotal role in global aviation, including aircraft financing, according to Boeing, and its banks are playing an important role in aviation finance, led by China, including HSBC and Standard Charter Bank, and Australia. "Asia's demand was the key. And that includes demand for markets for aircraft, passenger travel and aircraft ...
THE Civil Aviation Authority of Singapore (CAAS), Changi Airport Group (CAG) and Schiphol Nederland B.V. (SNBV) of the Netherlands has signed a memoranda of understanding to drive the adoption of e-freight and air cargo hub collaboration. Under the deal, all three parties agree to explore the possibilities of joint research and development efforts that ...
SWISS WORLDCARGO, the cargo division of Swiss International Air Lines, has added six destinations to its route network owing to its partnership with Edelweiss Air. With the coming winter schedule, Swiss WorldCargo will market the belly capacity of the Switzerland-based holiday airline to the destinations of Mauritius, Kilimanjaro, Goa, Pristina, Skopje ...
THE Federal Highway Administration is predicting that US freight tonnage will increase 1.6 per cent a year to 27.1 billion tons by 2040 compared to 18.6 billion tons in 2007. This means that over the next three decades US freight volume is expected to grow at a combined rate of 61 per cent, the Highway Administration said. Goods moved by all modes p...
Strong demand that led to a record operating margin pushed Expeditors International of Washington to a $96.1 million net profit in the third quarter, 66 percent better than the same quarter a year ago. Overall revenue soared 61 percent to $1.67 billion, and net revenue jumped 32 percent even as the freight forwarder tried to keep pace with sharply risin...
The U.S. Postal Service announced a 3.6 percent overall price increase for all shipping services starting in January. The rate hike comes in well under the 4.9 percent increase both UPS and FedEx announced for 2011. Any recommended price increase for the Postal Service must first be approved by the Postal Regulatory Commission. USPS is struggling to...
Stronger demand, improved yields and higher prices powered a 130 percent surge to $33.8 million in net profit for Atlas Air Worldwide Holdings in the third quarter. Revenue jumped 27.9 percent to $326.7 million compared with $255.5 million in the third quarter a year earlier. Sharply higher revenue and earnings reflected strong commercial airfreight...
Aircraft manufacturer Boeing, showing strong confidence in air freight demand after the longest downturn in the industry’s history, says world air cargo traffic will return to its 2007 peak by the end of this year and resume strong expansion over the next 20 years. Boeing said in its bi-annual World Air Cargo Forecast that it expects industry traf...
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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