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UPS reported fourth quarter net profit of $254 million compared to a loss of $2.6 billion in the same 2007 period. The company said fourth quarter 2008 revenue was $12.7 billion, down from $13.4 billion in the same 2007 period. UPS’s fourth quarter 2008 results include the impact of a $575 million non-cash impairment charge ...
The Pittsburgh Steelers and Arizona Cardinals played a memorable championship game last weekend, but for the nation’s air cargo industry Super Bowl Sunday marked the kickoff of a new security regime in which 50 percent of cargo aboard passenger aircraft must now be screened. There have not been any reports of significant delays during the first thr...
Bulgaria's railway freights have registered a 40% decrease in their volume in January 2009 compared to November 2008 - Novinite reports. The news was announced on Saturday by Bulgaria's Transport Minister Petar Mutafchiev in an interview for the Darik Radio. Mutafchiev attributed the freight decline to the effects of the global financial downturn. ...
Despite the difficult economic conditions, Munich Airport had yet another record-breaking year in 2008. More than 34.5 million passengers – a gain of nearly 2 percent over the previous year – used Bavaria's international aviation hub during the past year. With this result, Munich held on to seventh place among Europe's top ten airports, and also posted th...
A group of Republican senators led by Sen. Mel Martinez of Florida has drafted an alternative stimulus measure that narrows government spending to infrastructure programs and helping unemployed Americans, addresses the housing crisis and relies mostly on tax cuts, according to CNN.com. The $713 billion proposal includes $114 billion for infrastruct...
Expressions of concern about Buy America provisions in the House and Senate economic stimulus bills continue to grow. On Monday, the European Union said the United States should avoid protectionist measures as a response to the recession. The message was delivered in a letter from Ambassador John Bruton to Congress and the Whit...
American Commercial Lines Inc. said Bill Braman has joined the company as vice president and general manager of transportation services. In his new role with the Jeffersonville, Ind.-based barge line, Braman will oversee vessel operations, fleet operations, logistics services, maintenance operations, safety and operational development. Brama...
The Washington D.C. City Council is considering legislation that would penalize drivers for not clearing snow and ice off their cars before taking to the road. The measure is designed to reduce the danger of chunks of ice flying off cars and hitting trailing vehicles. Councilman Harry Thomas Jr. proposed the rule. A first offense would ...
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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