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Toll Group, the Asian region’s leading provider of integrated logistics services, today announced the acquisition of Summit Logistics International (Summit), one of the United States’ leading independent freight forwarding and supply chain businesses. Summit generates annual revenue of around A$300 million and is a top 5 provider of o...
AMERICAN American Airlines Cargo has started to offer cargo shippers frequent-flyer miles to reward customer loyalty, says cargo company president David Brooks. Shippers can earn 2,000 points - the equivalent of an advance-booking, economy-class flight within the continental United States, Canada, and Mexico - for every US$40,000 in eligible shipping reve...
DISCUSSIONS concerning the merger of air cargo operations between Japan Airlines Corp (and Nippon Yusen KK are said to have reached an impasse, reported the Nikkei business daily. This comes after the two companies had planned back in August last year plans to combine their air cargo businesses by April 2010, a Reuters report said. The plan called for J...
THE Civil Aviation Authority of Singapore (CAAS) has unveiled plans to boost the development and growth of Singapore's aviation industry. As part of the plan, CAAS said it will be collaborating with industry partners to help them keep abreast of new regulations, processes and technology. CAAS will also work with industry partners on programmes that are d...
CANADIAN National Railway (CN), Canada's largest freight railway, has announced fourth quarter net profit rose two per cent year on year to C$582 million (US$548.83 million). But whole year profit for the 12 months ending December 31 fell two per cent year on year to C$1.8 billion. Last year's results included after-tax gains of C$194 million from two l...
CANADIAN Pacific Railway's fourth quarter net profit fell 12 per cent year on year to C$269 million (US$251.6 million) drawn on a revenue of C$1.1 billion, but with full year earnings up C$612 million from C$607 million in 2008. Calgary-based CP results exclude foreign exchange gains and losses on long-term debt and other specified items, but includes af...
Singapore: Creditors of shipyard and offshore vessel owner Jaya Holdings have approved the company’s financial restructuring. Creditors, including banks, unanimously approved a scheme of arrangement for two of Jaya’s main operating companies, Jaya Shipbuilding and Engineering and Java Marine Lines. In June last year the financially strapped co...
China Shipping Container Lines has predicted that it will see lower profits for 2009 as compared to the 130.58m Yuan ($19.5m) it declared in 2008. The declaration, posted on the Shanghai Stock Exchange, did not divulge any additional information about the company’s expected bottom line. The pessimistic outlook has been credited to the global economic ...
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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