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THE US Department of Transportation (DOT) has rejected an application for antitrust immunity on a joint US/Australia service by Delta Air Lines and Australia's Virgin Blue Group, citing a lack of public benefit in reduced pricing and increased seats. The DOT ruled that the companies "have no experience as commercial partners and employ business process...
THE Government of Singapore Investment Corporation (GIC) is preparing to launch an initial public offering (IPO) of its logistics unit, in an effort to generate up to US$3 billion. The proceeds of the IPO will be used to finance growth in China and Japan, as well as to pay shareholder loans and preferred equity. The sale of Global Logistic Propertie...
CHONGQING, on the upper reaches of the Yangtze, expected to rise its water freight annual capacity to two million TEU in five years, up more than 550 per cent compared to the estimated 360,000 TEU capacity by the end of 2010. In air freight, the city has planned to expand the annual capacity to one million tonnes then. Its Jiangbei International Airport...
TNT has unveiled the express industry's first fully electric vehicle fleet in China at the Responsible Transport Forum at the Dutch Pavilion at the Shanghai World Expo. "I am very proud that TNT is taking actions to lead the introduction of zero emission delivery vehicles in China," said TNT chief executive Peter Bakker. "With China being one of our mo...
SAS Cargo, along with numerous other air cargo carriers, has been named as a defendant in a number of class-action lawsuits in the US which were brought in spring 2006, after the U.S. Department of Justice and the European Commission each announced investigations into possible price fixing in the air cargo industry. SAS Cargo has now entered into an agr...
After the first off-airport domestic cargo terminal was open in Nancheng, Dongguan, Shenzhen Airport took the off-airport cargo terminal concept into international cargo service. On 8th Sep, Shenzhen Airport Dongguan International Terminal started to operate officially, while other two Shenzhen off-airport domestic cargo terminals go into service on the sam...
Frankfurt airport's freight traffic soared 18.4 percent in August from a year ago to an all time high for the month. Germany's largest airport handled 185,372 metric tons of freight last month to reach pre-crisis levels and consolidate its position as Europe's top air cargo hub ahead of Paris Charles de Gaulle and London Heathrow. Fraport is No. 6 on...
UNITED AIRLINES saw total consolidated revenue passenger miles (RPMs) rise in August by 2.5 per cent on an increase of 1.7 per cent in available seat miles (ASMs), compared with the same period last year. This resulted in a reported August consolidated passenger load factor of 86.7 per cent, up 0.6 points compared to 2009. For August 2010, consolida...
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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