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AIR FRANCE-KLM posted a 1.7 per cent increase in global traffic in July compared to the same month a year earlier, while capacity was reduced by 2.1 per cent, but is 5.8 per cent higher than June 2009. Traffic on the Asia network, its largest market, fell three per cent year on year in July to 407 million revenue tonne-kilometre(RTK), while capacity dec...
WINDSOR, Ontario, the Canadian city across the river from Detroit, has found a site for air cargo hub the municipal government intends to build, paying back the initial investment through anticipated lease down payments rather than tax payers' money. A Lufthansa Aviation study, commissioned by the city-owned Windsor International Airport, said the plan...
CALIFORNIA's Cisco Systems, which designs and supplies electronic components, is one of a growing number of multinationals facing supply chain problems in sourcing components with needed lead times because of the reduced workforce of China suppliers. With the last few quarters showing recovery, increasing demand will continue to create problems in the ...
THE Container Freight Swap Agreement (CFSA), an intuitive risk management tool that allows hedging against price movements in Asian containerised export markets, has made its debut. The new container derivatives scheme could help reduce forwarders' exposure to rate fluctuations, reports London's International Freighting Weekly. Three main categori...
Qantas is expected to merge the freight ventures it has with Australia Post in an effort to slash costs and turn around their disappointing performances over the past two years, reported The Age. The two joint ventures — Star Track Express and Australian Air Express (AAE) — again delivered weak earnings in the 12 months to June despite Qanta...
With its freighter fleet poised to exit the market, JAL Cargo is trying to re-invent itself as a premium carrier, aiming to utilise its bellyhold capacity and network chiefly for high-yield cargo. According to its restructuring plan, Japan Airlines will retire its remaining Boeing 747-400 and B767-300 freighter aircraft in October and thereafter concentrate...
Garuda Indonesia, the country's flagship carrier, saw its first half 2010 profit plunge 80 percent from a year ago on higher costs amid preparation for its US$400 million initial public offering, reported Reuters. The hit to income comes as the company is trying to boost investor confidence ahead of a long-delayed IPO now planned for November, though t...
A proposed merger between Brazil's TAM and Chile's LAN airlines would generate synergies likely to add some US$3 billion in value to the new group, LAN's chief executive was quoted as saying by a local paper. Both companies announced a proposed merger via a $2.7 billion all-stock transaction, which would create Latin America's top carrier and the No...
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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