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ASIA-EUROPE air freight rates are sliding amid a weakening euro, concerns over economic growth and uncertainty among retailers, say forwarders in Asia. One air cargo agent in Hong Kong said air freight rates had decreased by such an extent in July that they were now barely "nominal," reports London's International Freighting Weekly. It said all-in ...
AIRLINE shippers are taking screening in house ahead of full screening deadline of every freight shipment in the bellies of passenger planes by gaining their own Transport Security Administration (TSA) certified facilities for sensitive or high-value cargo. Pharmaceutical companies like New York-based Pfizer said any delays could hurt its product so the...
HONG KONG's Cathay Pacific has reported a profit of HK$6,840 million for the first six months of 2010 against last year's first half profit of HK$812 million. Cathay Pacific has committed to investing in new aircraft and other items such as the new cargo terminal at Hong Kong International Airport and upgrades to its product in the cabin and on the gr...
EXPEDITORS International of Washington (EXPD) registered second quarter gross revenue growth of 67 per cent and increased net sales by 27 per cent. Year-to-date net revenue and operating earnings were 17 per cent and 34 higher than in the same period a year earlier, reported the Morning Star, on the back of larger air and ocean freight volumes. It s...
FedEx Corp’s freight-forwarding subsidiary has opened three new offices in Europe as part of a two-year-old global expansion plan, Associated Press Newswires. FedEx Trade Networks opened offices in Rotterdam, Netherlands, and in Frankfurt and Hamburg, Germany. The subsidiary has opened 28 new freight-forwarding offices around the world since the 2...
Echo Global Logistics, a provider of technology-enabled transportation and supply chain management services, saw revenue increase by 82 percent in the second quarter, reported Globe Newswire. Chief executive officer, Doug Waggoner, said, "The second quarter was strong as we continued to execute our growth strategy to expand our market share in both tran...
ETIHAD AIRWAYS has reported its strongest-ever first half performance, with air cargo tonnage up 21.6 per cent in the last quarter year on year. The Abu Dhabi-based airline experienced double digit growth in the first half of 2010 with large increases in passenger traffic, which was up 11 per cent and revenue passenger kilometres (RPKs) increased 22.6 p...
AIR FRANCE-KLM's air freight division generated an operating income of EUR11 million (US$14.37 million) in the first quarter against a loss of EUR197 million a year earlier. First quarter revenue for the period totalled EUR774 million (US$1.01 billion), an increase of 42.3 per cent compared to the same quarter a year earlier, contrasting sharply with t...
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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