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SPURRED by an annual growth of 24 per cent in air freight shipments, together with a 22 per cent rise in sea freight, Panalpina Group has posted a consolidated profit of CHF1.2 million (US$1.11 million) for the first quarter of 2010, a 30-fold increase over the same period last year. Gross profit, which declined 13 per cent year on year, nevertheless incr...
A strike over pay by French employees of European commercial aircraft builder Airbus dragged into its fourth day Thursday, raising the spectre of serious disruptions to the company's production and deliveries, the Wall Street Journal reported. Labour unions have vowed to keep protesting and slowing down output if management doesn't bow to their demands ...
Continental Airlines and UAL Corporation's United Airlines are on Monday expected to announce they are merging to form the world's largest airline, according to people familiar with the matter. They cautioned, however, that negotiations could still fall apart as they did in 2008, when Continental backed away, reported the Wall Street Journal. But after ...
The Port's rail shuttle system is expanding and new shuttles are being introduced. As recently as last week, the shuttle service between Falköping and the Port of Gothenburg was resumed, now with Green Cargo as the operator. The shuttle has four departures each week and carries truck freight. The investment in the Skaraborg Logistics Centre is part of...
Combined transport decreased sharply in 2009. Based on preliminary data of the Federal Statistical Office (Destatis), the volume of goods carried in Germany by combined container transport in total was 165 million tonnes in 2009; that was 20% less than in 2008. In combined transport, long-distance transport of goods is performed by railways and ships, while...
Large quantities of pipes for the new Baltic Sea pipeline, through which Russian natural gas will soon flow to Western Europe, are currently being loaded at BLG CARGO LOGISTICS at Bremen's Neustadt port on behalf of the manufacturer, Europipe M�lheim/Ruhr. Two pipelines, each measuring 1,220 km in length, are being laid. The first ship, the IMKE, was loade...
EXPORTERS across India are being subject to higher air shipment costs following price increases by all airlines, including state-run flag carrier Air India. The rate hikes, up 15 to 30 per cent, are largely viewed as a response to the recent volcanic eruption in Iceland, which caused airlines to suffer heavy losses. According to a report by India's Bus...
LUXEMBOURG's Cargolux, Europe's largest cargo airline, posted one of its worst operating years ever for 2009 as yields fell 26 per cent, load factors by 69 per cent, and volume in kilometre tonnes by 11.3 per cent, resulting in an overall net loss of US$153 million. Asia freight volumes were down 18.6 per cent, while the Americas saw a 12.1 per cent dro...
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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