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THE Canadian National Railway (CN) has announced that second quarter revenue increased 25 per cent to C$398 million (US$390 million) year on year. Montreal-based CN reported that its freight revenues increased 15 per cent to C$1.85 billion from C$1.6 billion the year earlier. Said CN president and CEO Claude Mongeau: "CN has taken advantage of the s...
THE Canadian Pacific Railway has announced second quarter net income of C$166.6 million (US$160.77 million). "We leveraged volume growth in the quarter to deliver a solid financial performance through a keen focus on cost management," said CP president and CEO Fred Green. Second quarter total revenues were up 20 per cent to C$1.23 billion; operating...
TOYKO Senpaku Kaisha, Ltd (TSK), wholly-owned subsidiary of Japan's NKY, has agreed to transfer its intra-Asia business to NYK with conclusion of the transaction to take effect six months from signing. The acquisition of TSK follows on from the Japanese carrier's formation of a Singapore-based South Asia division in June this year under the banne...
WORLD trade by sea, air and land is expected to grow 8.1 per cent in 2010 and 6.9 per cent in 2011, following a 7.2 per cent decline in 2009, according to the latest forecast from IHS Global Insight's World Trade Service. The study predicts international trade volumes will continue to increase as global economic recovery takes hold. The study found...
AirBridgeCargo Airlines (ABC), the scheduled cargo airline of Russia’s Volga-Dnepr Group, has taken delivery of its third Boeing 747-400 freighter in four months, increasing its total fleet to 10 B747Fs. The latest aircraft will be used on the airline’s existing route network linking Europe and Asia via hubs in Russia. Tatyana Arslanova,...
Chilean flagship carrier LAN Airlines is expanding existing Brazilian cargo operations, reported Dow Jones Newswires. With its Brazilian partner ABSA, LAN began cargo operations from Sao Paulo to the Brazilian cities of Recife and Fortaleza in June. Cargo traffic was up 37.9 percent in the second quarter, compared to the same period last year, while...
China Southern Airlines said yesterday it expects its first-half net profit to rise more than 5,000 percent from a year earlier because of increased demand for air travel, a disposal gain and a low comparison base in the first six months of last year, reported Dow Jones Newswires. The Guangzhou-based carrier had a net profit of US$5.56 million for the s...
Lufthansa reported better than expected results for the second quarter and first half of 2010 as the recovery in demand for passenger and freight traffic helped mitigate some of the losses incurred in the first quarter. It reiterated that it expects operating profit and revenue to rise in 2010,reported Dow Jones Newswires. Lufthansa said that in the...
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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