Australia’s Toll Group launched its fully owned and operated contract logistics operations in China after its integration into the Toll Global Logistics division. Toll has had operations in China through its controlling interest in joint venture partner ST Anda since 1996. The group completed its acquisition of the joint venture earlier this...
KOREAN AIR has opened a 1.46 million-square foot cargo terminal that can handle 100,000 tons annually at Navoi airport in Uzbekistan to expand its network by adding routes from Navoi this year, reports Washington DC-area based Air Transport World. "The new Navoi Cargo Terminal has been designed based on Korean Air's state-of-the-art cargo terminals at ...
KOREAN AIR posted a net loss of KRW233.1 billion (US$196 million) in the flag-carrier's second quarter ending June 30, against a net profit of KRW78.5 billion a year earlier, the company said in a statement. A stronger won brought on foreign exchange losses and non-operating costs, but his was offset by a record high operating profit as higher cargo an...
ABUJA, Nigeria, will be the venue of the annual African Logistics Summit at the Nigerian capital's International Conference Centre March 10 - 12, 2011. The conference theme will be Africa's potential for business growth and partnership and will occur just after a pre-annual meeting of the African Cargo and Logistics Alliance (ACLA) on March 9. ACL...
Vietnam Airlines has resumed service on the Ho Chi Minh City-Nagoya route after more than two years of suspension, Dow Jones Newswires reported. The carrier is operating two flights a week on the route using Airbus A321 planes. This will be the eighth commercial air route between Vietnamese and Japanese cities that Vietnam Airlines operate. "We ...
Qantas Airways net profit for the year to June 30 fell 4.3 percent to US$100.35 million from $104.83 million a year before, but underlying profit before tax rose to $337.79 million from $85.59 million a year before, reported Dow Jones Newswires. Underling earnings is the airline's preferred measure of its financial performance, which ignores one-off it...
Korean Air Lines reported a net loss in the second quarter due to higher non-operating costs, while inking a record operating profit, according to Dow Jones Newswires. The South Korean flag carrier shifted to a net loss of US$197.12 million in the three months ended June 30, compared with a net profit of $66.38 million a year earlier. "A stronger wo...
Workers, including fire fighters, security staff, engineers and support staff at UK airports run by BAA, have voted for industrial action due to a dispute over pay, reported Dow Jones Newswires. The move could mean a shutdown of BAA's UK airports, including London Heathrow and London Stansted, which would be the biggest disruption to travel to and from...
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