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MEMPHIS express giant FedEx increased its profit outlook for the quarter ending in August despite its earlier gloomy summer forecast with recovery of overseas shipments driving growth 20 per cent, said the company's chief financial officer Alan Graf. Wells Fargo Securities economist said international priority shipments growth will be a great benefit t...
AZERBAIJAN AIRLINES has signed a deal with Boeing to substitute two Next-Generation 737s for one 767-300ER (extended range) and two 767 Freighters, a new model type for the Baku-based carrier, Boeing announced at Britain's biannual Farnborough Air Show. "With our centralised geographic location, Azerbaijan is becoming a busy hub in the region between e...
AMERICAN AIRLINES parent, AMR Corp (AMR), has agreed pay US$5 million to shippers to settle a New York class-action suit seeking damages for global price-fixing, and produce evidence to charge other carriers engaged in the scheme, reports Bloomberg. AMR is the first American carrier to settle during six years of investigations into alleged collusion int...
CHINA Merchants Americold Logistics Company Limited (CMAC), the 51-49 joint venture established between China Merchants Holdings (International) Co. and Americold Realty Trust, has completed the acquisition of 70 per cent of China Merchants International Cold Chain (Shenzhen) Co Ltd (CMCC) from CMHI. "The establishment of CMAC with Americold, and the ac...
Chile's dominant airline LAN more than doubled first half net profit compared to the previous year on quick recovery of passenger and cargo traffic, reported Reuters. The carrier's profit surged 115.1 percent toUS $148.9 million. The airline is moving agressively to expand in the region with plans to double its fleet and add routes in domestic and re...
BAA Ltd, which owns the two London airports of Heathrow and Stansted, reported a first half pretax loss of US$426.86 million, compared with a loss of $832.81 million the previous year, reported Dow Jones Newswires. Revenue for the half year to June 30 was $1.46 billion compared with $1.43 the previous year. Encouraging performance during the first h...
The demand for cargo continued to grow last month with international scheduled freight traffic showed a 26.5 percent improvement over the same month last year, according to figures released by the International Air Transport Association (IATA). But the growth was down from the 34 percent recorded in May, which was exceptionally high as some interrupted ...
FRENCH colonial carrier Air Austral has ordered two Boeing Long Range 777-200LR Worldliners, the US aircraft manufacturer has announced at Britain's biannual Farnborough air show. The order is valued at US$501 million at list prices. The aircraft orders were previously listed on Boeing's Orders & Deliveries website as unidentified. Air Austral...
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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