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Media
HIGH-speed port-to-port shipping is still needed despite the popularity of bunker-busting slow-steaming, Sony supply chain European manager Adam Rashid told a London shipping conference this week. Speaking at Containerisation International's Global Liner Shipping Conference, London's International Freighting Weekly reported that Mr Rachid wanted three-w...
United Parcel Service (UPS) said its first-quarter earnings jumped a better than expected 33 percent, Dow Jones reported. Disclosing its results two weeks early, UPS said that growth was powered by a acceleration in international shipping with daily volumes up 18 percent in the quarter compared with a year ago. US daily shipping volumes rose less than one...
Hub Group said it would buy 2,000 intermodal containers from a subsidiary of Singamas Container Holdings, in a sign that the freight market is picking up, Reuters reported. The transportation company expects acquisition costs of the 53-foot containers to be about US$19.2 million. It expects to take delivery of the equipment starting in May. Singamas i...
Polish state-owned rail freight operator PKP Cargo is planning to invest PLN 404.70mn (EUR 104.74mn USD 142.39mn) in 2010. Primarily, the investment will be focused on the expansion of transshipment terminals in Gliwice/Zabrze, Poznan - Franowo and Malaszewice. Other areas in which the company plans to invest are the modernisation of locomotives, the renova...
ACCORDING to preliminary figures, Aeroflot - Russian Airlines, under international financial reporting standards, is set to record a 2.7 times increase in its year-on-year net profit for 2009 to US$100 million. Net profit under Russian accounting standards is expected to reach RUB1.6 billion ($54 million), with operating profit set to hit RUB5.8 billion (...
ARROW Air has announced its imminent closure at Miami International Airport, which would result in a layoff of entire 473 workforce unless an investor come to the rescue. "The revenue environment has been tough," said Arrow vice president Patrice Robinet. "Fuel has gone up and yields have gone down." Mr Robinet said investor talks were in progress, but ...
AIR Macau recently started a new service from Macau to Tokyo and in the meanwhile increased the frequency to Seoul, Bangkok and Hangzhou, Logistics Week reported. The new service offers three flights per week on Tuesdays, Thursdays and Sundays. On Tuesdays, flights take off at 0930 hrs from Macau and return from Tokyo at 1555 hrs. On Thursdays and Sundays...
STAPLES, the world's largest office products retailer, has granted DHL a 32,000 TEU-a-year contract to handle shipments from its export distribution centres (EDCs) in Shenzhen and Shanghai. Under the contract, DHL will also provide a full range of third party logistics services, including inventory management, origin pre-distribution, packaging, labellin...
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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