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BURLINGTON Northern Santa Fe (BNSF), the US west coast railway operator, has achieved a 73 per cent jump in first quarter net profit to reach US$506 million. The strong earnings result was attributed to the sale of a short line to the Port of Seattle that added US$73 million to its coffers, reported London's Containerisation International. Top line reven...
A FUEL duty stabiliser will go ahead following the Conservatives party's pre-election pledge to keep fuel prices stable by cuts in fuel taxes when oil prices are high and raising when prices fall, said UK Transport Minister Philip Hammond. The UK Road Haulage Association welcomed the news "from a sector struggling with the highest diesel duty in Europe w...
The demand for passenger cars registered another gain in the past month in many foreign markets. Sales climbed especially in Asia and South America, but the USA also posted a clear gain. The new car market in Western Europe, which was still profiting from the various scrapping premium incentive/scrapping premium programmes in the last months, registered t...
The Federal Aviation Administration (FAA) has proposed a $1.55 million civil penalty against Federal Express for allegedly failing to revise its Continuous Airworthiness Maintenance Program in accordance with FAA regulations. Federal Express allegedly failed to ensure that the air carrier used approved standards, inspections, and time limitations for 14 c...
The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday as a result of the continued volcanic eruptions in Iceland. &ld...
DHL Global Forwarding has been awarded a customs brokerage licence to operate in South Korea's Incheon Airport, the world's second largest international cargo airport. It joins DHL Global Forwarding's network of more than 1,300 customs brokerage employees, including more than 225 individually licensed brokers, located across 23 countries in Asia Pacifi...
Shenzhen: Shenzhen Chiwan Wharf Holding, part of China Merchants Group, has acquired a 40 per cent stake in Zhonghai Port Development, the container operator of Laizhou port in Shandong province. Zhonghai is a subsidiary of the state-owned China Overseas Holdings, and it operates 12 berths with a capacity of 25m tons. Source: Sea Trade Asia
Manila: With the growth of budget airlines across the archipelago and the nation’s appalling maritime safety record Aboitiz Transport Services, Inc. (ATS) is shifting its fleet to focus more on cargo than passengers. Stephen G. Paradies, Aboitiz Equity Ventures, Inc. chief finance officer, said yesterday revenues from the freight business may 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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