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FedEx will buy India package and freight delivery specialist AFL and its affiliate company Unifreight India, sharply stepping up the company’s investment in one of the world’s fastest growing economies. “The acquisition supports our long-term strategy to grow our international business and better serve our customers seeking to expand o...
UPDATE 5:55 p.m.: Greek authorities said Wednesday that recent bombing are not connected to al-Qaeda or international terrorism, but are instead the work or domestic terrorists. 11:00 a.m.: Greek authorities ordered a 48-hour stop on all mail heading overseas Wednesday after a series of mail bombs were sent from the capital city. According to report...
Union Pacific Railroad expects growing volume, higher rates and new pricing on expiring contracts with shippers to push annual revenue up 6 to 8 percent per year over the next five years, Chief Financial Officer Robert Knight told investment analysts. The western railroad will achieve pricing gains above the rate of inflation and strong margins by re-pr...
The long reorganization of long-haul less-than-truckload carrier YRC is still a work in progress, as the company looks to consolidate by shedding 50 terminals. The company plans to shrink its 350-terminal network to about 300 terminals as it proceeds with a financial and operational restructuring plan in 2011. "There will be some continued consolida...
Qantas Airways and Singapore Airlines are grounding their superjumbo A380 aircraft after part of an engine on a Qantas flight appeared to tear apart in flight. The Qantas plane made an emergency landing in Singapore after the incident, which came shortly after flight QF32 took off from Singapore Changi Airport on its way to Sydney, Australia. The 459 pa...
Homeland Security Secretary Janet Napolitano assured major air express carriers she is committed to working together with them on "enhanced screening and preventative measures" after last week's incident in which authorities intercepted concealed explosives shipped from Yemen. Napolitano spoke by phone with executives of UPS, FedEx, TNT and DHL —...
FEDEX EXPRESS has launched two new China-US services, the first being a new transpacific flight from Beijing to Anchorage, Alaska, with a stop-over in Incheon, South Korea. The second is a Boeing 777 Freighter service in China, connecting Shenzhen to the FedEx world hub in Memphis, Tennessee. The transpacific flight originating in Beijing operates M...
SINGAPORE's Changi Airport Group (CAG) is raising its aeronautical fees an aver 15 per cent at Singapore Changi Airport from April. The fee hike affects landing, parking and aerobridge (LPA) bills, with a larger increase for narrow-body aircraft. CAG will extend its landing fee rebate of up to 10 per cent for all airlines until March 31, 2012. CAG ...
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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