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YRC Worldwide Inc. said last week it had a fourth quarter loss of $244.4 million compared to a loss of $735.8 million in the same 2007 period. The parent of Yellow Transportation, Roadway and other trucking subsidiaries said revenue in the fourth quarter of 2008 totaled $1.9 billion, down from $2.3 billion in the same 2007 period. Our results re...
The slowdown in trade from the global recession caused air freight volumes to plunge 22 percent in December compared with 2007, the largest monthly fall in 30 years, according to statistics released last week by the International Air Transport Association. The decline is worse than the airline industry experienced following the 9/11 terrorist ...
It is predicted that the amount of goods which will be transport by rail cargo companies in Poland will drop by over 10% in 2009, year on year, Logistics Finland reported. The decrease of rail cargo activities began during the second half of 2008. During the first nine months of the year, rail cargo sales fell by some 5% when compared to the same time of ...
Japan Airlines (JAL) became the first airline to conduct a demonstration flight using a sustainable biofuel primarily refined from the energy crop, camelina. It was also the first demo flight using a combination of three sustainable biofuel feedstocks, as well as the first one using Pratt & Whitney engines. The results of the flight are expected to conclu...
ANA Group reported its consolidated financial results for the first nine months of fiscal year 2008, ending December 31, 2008. Against a background of recession at home and globally, an operating income of 40.3 billion yen and a net income of 9.4 billion yen were reported on revenue of 1.1 trillion yen, reductions of 57.1%, 92% and 3% respectively. ANA Gr...
Emirates Airline today announced that it would begin operating its ultra-modern and environmentally-friendly A380 aircraft to Seoul's Incheon International Airport in November 2009. The new service is perfectly timed to coincide with Visit Korea Year in 2010, where the national government and the city of Seoul are joining forces with the private sec...
The International Air Transport Association (IATA) released international scheduled traffic results for both December 2008 and the full-year. In the month of December global international cargo traffic plummeted by 22.6% compared to December 2007. The same comparison for international passenger traffic showed a 4.6% drop. The international load facto...
In the latest in a series of sustainable biofuel test flights that have taken place around the world, Japan Airlines today conducted a flight partly powered by a biofuel produced from the plant camelina. The Boeing 747-300 took off from Tokyo’s Haneda Airport for a flight lasting around one and a half hours. In the past month, an Air New Zealand Boei...
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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