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DB SCHENKER LOGISTICS is investing in a ultra-modern logistics terminal at the airport in Klagenfurt, Austria, at a cost of around EUR10 million (US$13.29 million) intending to use the new terminal to expand its position in European land transport on the regional Carinthia market. The forwarding facility is being erected on 30,500 square metres that wil...
NANNING-TAIPEI direct flights have been launched with three regular direct flights to Taipei every week with another three that stop at Macau, later to total six flights between Guangxi province and Taiwan weekly. Guilin was the first city in Guangxi to offer regular direct flights to Taiwan. Now, with the additional direct flights from Nanning, it is e...
US RAILWAYS have reported that July volumes hit record monthly highs for 2010 highs for both general car loads intermodal throughput. In the week ending July 31, the Association of American Railroads (AAR) reported its members handled 300,292 carloads, up 9.4 per cent, and 232,895 containers and trailers, an increase of 20.2 per cent compared with the s...
THE Norfolk Southern railway has announced that second quarter net profit increased 59 per cent to US$392 million against the $247 million profit in the second quarter of 2009. Operating revenue was $2.4 billion, up 31 per cent from the second quarter of 2009, an increase attributed to a 22 per cent jump in demand with intermodal revenue up 23 per cent ...
The leaders of small and mid-sized businesses in Asia are confident they’ve turned the corner on the recession, but they’ve become greatly worried about rising costs in their region, a new UPS survey shows, reported Business Wire. Unlike the United States, where inflation remains largely under control, the Asian business leaders cite rising ...
Boeing Co has lost 25 orders previously booked for its 777 and 787 aircraft in the week to August 3, reported Dow Jones Newswires. The revival in airline industry finances and a splurge of orders from leasing companies at the recent Farnborough International Air Show have accelerated the churn in Boeing's commercial aircraft backlog. The latest can...
German airport operator Fraport has raised its 2010 earnings outlook for the second time this year after its second-quarter net profit rose one percent following the takeover of a second international terminal in Antalya and strong traffic volumes, reported Dow Jones Newswires. The company raised its earnings guidance, predicting a continued recovery in...
Possible bankruptcy for one of Mexico's two major airlines could benefit US carriers, reported Reuters. Mexicana de Aviacion, saddled with mounting debts and high employee costs, filed for creditor protection with Mexican and US authorities this week after it failed to get employees to accept further wage cuts. On Wednesday, Mexicana suspended tick...
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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