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NEW market analysis has found that certification and market challenges remain for Boeing 747-8 Freighters, which face fresh production delays. Worse yet, there have been no new orders placed for the freighter in almost three years. According to Gerson Lehman Group analysts, "Boeing has been struggling for much of the last year to get both 787 and 747-8F...
GLOBAL air freight volume increased 22.7 per cent in July year on year, and was four per cent better than pre-recession levels - but it still fell short of June's record 26.6 per cent jump, reported the International Air Transport Association (IATA). "Recovery in demand has been faster than anticipated. But as we look towards the end of the year, the p...
EXPRESS delivery giant UPS' Asia Business Monitor (ABM) 2010 survey reveals 36 per cent of Hong Kong's small and medium enterprises (SMEs) expect business to grow this year and more than 60 per cent - against last year's 33 per cent - face no trouble getting credit. But this won't improve competitiveness, say the SMEs that employ fewer than 250. The...
NBC NEWS blogger Adrienne Mong took her bicycle in search of China's mega traffic jam and found nothing to report after news of the 60-mile long gridlock north of Beijing had spread from the Wall Street Journal to the four corners of the world. Nothing out of the ordinary at all, reported Ms Mong cycling along the road where it was supposed to be at it...
India's Adani group (ADEL.BO) plans to invest in a $1.6 billion coal railway project in Indonesia's South Sumatra province, a government official said on Wednesday, providing funding for much-needed infrastructure. While Indonesia has abundant natural resources, including coal, oil and gas, lack of investment in exploration and infrastructure has limi...
Airport operator MAp Group reported a US$17.49 million first half net profit and said the near term traffic outlook at the airports it has invested in is strong. In the previous year it posted a first half net loss of $265.91 million, reported Dow Jones Newswires. Last year, MAp became independent of Macquarie Group and changed its name from Macquar...
FedEx Corp is trying to block a probe by New York Attorney General Andrew Cuomo into its policies regarding the declared value of shipped items and its liability limits for those shipments, reported Dow Jones Newswires. In a lawsuit filed in federal court in Manhattan, FedEx claimed the attorney general's office has exceeded its authority and is preemp...
China freight-forwarding and express-delivery service provider Sinotrans said its first-half net profit rose 48 percent on increased shipping volumes and higher freight rates. The company said its net profit for the six months ended June 30 was US$56.19 million, up from $38.02 million a year earlier, Dow Jones Newswires reported. Revenue rose 74 per...
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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