Media
Media
Malaysia Airlines (MAS) is looking at possibly parking the two A330-200 freighters due for delivery next year in air cargo arm Malaysia Airlines Cargo’s balance sheet, reported Business Times. The move would bolster MASkargo's financial situation in the way of tax deductions and other benefits. "We are looking at that quite closely. Whether i...
NORTHWEST AIRLINES, once Minneapolis based and now part of Atlanta's Delta Airlines, has agreed to plead guilty to fixing prices on air-cargo shipments and pay a US$38 million criminal fine, reported the Wall Street Journal. The US Justice Department announced that Northwest Airlines Cargo was engaged in a conspiracy to fix prices for shipments on rout...
GERMANY's Lufthansa Airline Group's overall business suffered a loss of EUR171 million (US$223 million) in the first half of the year despite its cargo business' unprecedented EUR144 million operating profit, which was EUR278 million more year on year. The freight business shows that consistent cost management also paid off during market recovery pha...
FRAUD charges against Kuwaiti logistics provider Agility are being withdrawn by US federal prosecutors in Atlanta after the emergence of undisclosed "exculpatory material". The US Attorney for the Northern District of Georgia has filed a motion to dismiss a fraud case against Agility Logistics, reported American Shipper. The request to dismiss perta...
ONCE troubled Anchorage International Airport, the hub for air freight in the state, is experiencing an uplift in a near return to 2006 and 2007 levels representing a quick recovery from last year's 20 per cent decline, said airport manager John Parrott. According to a report from Anchorage Economic Development Corp, the air freight sector which genera...
COMPUTER experts at Hong Kong Polytechnic University (PolyU) have developed an air cargo processing system using Radio Frequency Identification (RFID) technology using a five-centimetre-square chip, a Flexible RFID Encoder and Decoder (FRED), to speed up identification and processing purposes and replace manual labelling and scanning of barcodes. "Data ...
SOUTH Africa's Competition Commission has referred allegations against the airlines to the Competition Tribunal with a suggested fine of 10 per cent of annual local turnover for airlines under investigation. British Airways, Singapore Airlines, South African Airways, Air France-KLM, Alitalia SpA, Cargolux and Martinair face charges for cartel behaviour...
NEW YORK's TAL International Group Inc, a lessor of containers and chassis has announced that its 'reported' net profit for the second quarter of 2010 was down 661 per cent year on year to US$4.7 million and after posting a $5.9 million profit in the first quarter of 2010. Pre-tax profit, excluding gains on debt extinguishment and unrealised gains an...
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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