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UNITED AIRLINES and Continental Airlines, ahead of the merger of the two American carriers, say they have reached agreement in principle on a transition and process accord with the pilots of both airlines. The agreement provides a framework for pilot operations of the two groups until the carriers' operating certificates are combined. "This is an i...
HOUSTON's Continental Airlines reported a profit of US$233 million in the second quarter suffering a net loss of $146 million in the previous quarter. Net income minus costs related to the merger with United Airlines and other special charges was $257 million. Operating income stood at $328 million drawn on revenues of $3.7 billion, up 18.6 per cent ye...
THE European Union will tighten sanctions beyond those imposed by the UN of inspecting Iranian cargo on ships and aircraft, as well as blocking oil and gas investment and curtailing its refining and natural gas capability because of its refusal to halt uranium enrichment. Inspections and lack of insurance has already hit Iranian shipping with insurers a...
SWISS forwarder Kuehne + Nagel has reported a year-on-year revenue increase of 15 per cent to CH9.8 billion (US$9.4 billion) but higher costs led to only a 1.1 per cent rise in gross first half profits. Air and ocean freight saw a 15.4 per cent increase in revenue to CHF4.3 billion and airfreight increased to 7.1 per cent after EBITDA to CHF105 million....
HONG KONG's Kerry Logistics is expanding its fashion network on the mainland with three more facilities to be built in Shanghai, Chongqing and Kunshan by 2011. At present, Kerry Logistics manages over 40 fashion and retail companies, most of which are international brands. Kerry Logistics' customised supply chain solutions include buyers' consoli...
UPS saw its net profit grow 90 percent in the second quarter to $845 million, the strongest profit in nearly two years, on a sharp surge in demand in international and domestic expedited business, the company said Thursday. UPS said it expects that momentum to continue for the rest of the year and raised its earnings forecast for the rest of 2010 despit...
Boeing and American Airlines, Inc., a wholly-owned subsidiary of AMR Corp., announced the airline has exercised options for an additional 35 Next-Generation 737-800s. The order is part of American Airlines' ongoing fleet renewal plan, replacing MD-80s with fuel-efficient Next-Generation 737s. The 737-800 is 35 percent more fuel efficient on a seat-mile...
Abu Dhabi's Etihad Airways said its cargo revenue grew 59 percent in the first half of 2010 as increased traffic pushed up passenger figures 11 percent. The airline carried 3.3 million passengers in the period, recording a 72.5 percent seat factor, while cargo tonnage increased 22 percent from a year earlier, reported Reuters. Revenue passenger kilomet...
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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