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US railroad CSX Corp’s profit rose 36 percent in the second quarter, beating analysts' expectations, as volume improved across the varied markets the company serves, reported Reuters. CSX said net income totalled US$414 million compared with $305 million in the same period last year. Not counting discontinued operations, net income rose 47 pe...
A US appeals court has upheld a Transportation Department policy that would allow airports to charge airlines higher landing fees during congested periods of the day, reported Reuters. In doing so, the court rejected arguments from the leading US airline trade group, the Air Transport Association, which had argued the fees were arbitrary and outside the...
China Airlines, Taiwan's leading airline, posted US$375.65 million in June sales, up 84.69 percent from a year earlier and better than institutional investors' expectations, reported Taiwan Economic Times. CAL said its overall sales in June declined 0.32 percent from the previous month due to falling cargo transportation sales. An industry insider pr...
Shareholders heckled British Airways management at the annual general meeting, accusing the company of "feathering its own nest at the expense of shareholders," and questioning whether chief executive Willie Walsh should move on. British Airways fiercely defended its position in a dispute over pay and conditions to shareholders at the AGM, reported Reut...
FEARS have again been raised that mandatory security screening for air cargo on passenger aircraft from August 1 will increase costs and cause delays at large US airports. Both Miami International Airport as well Fort Lauderdale-Hollywood International Airport will be affected, reports The Miami Herald. It noted that in 2009 the Broward airport handled ...
AIR FRANCE-KLM has agreed to pay US$87 million in settlement fees in a civil anti-trust lawsuit in the United States over alleged price-fixing in the air freight sector. "This is an important settlement," Michael Hausfeld, a lawyer for the freight shippers, was cited as saying in a statement, reported Bloomberg. "We now look forward to seeking appropria...
Air France-KLM and its Dutch subsidiary Martinair have concluded an agreement that it said puts an end to a class action suit over allegations of price-fixing in their freight operations, reported Dow Jones Newswires. Air France-KLM said the companies are paying US$87 million to the parties that brought the suit regarding cargo contracts between 2000 an...
Thai Airways International said it lost US$185.4 million in revenue during the recent anti-government protests, reported Dow Jones Newswires. The national carrier will soon discuss the damages with the government but it doesn't expect to receive any compensation, President Piyasvasti Amranand said. The anti-government demonstrators launched their p...
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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