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The U.S. economy will post negative productivity of at least 5 percent for the fourth quarter and will contract by more than 3 percent in the first quarter of 2009, the U.S. Chamber of Commerce predicted Wednesday. The economy should bottom out halfway through the year, but further problems in the credit markets or other external shocks could ...
UPS said Wednesday it has increased the number of countries in which it offers domestic express pickup and delivery from 29 to 45. The nations involved in the expansion are Algeria, Argentina, Chile, Cyprus, Czech Republic, Hungary, Kazakhstan, Kenya, Malta, Pakistan, Romania, Saudi Arabia, Serbia, South Africa, Ukraine and U.A.E. Shipp...
Japan Airlines (JAL) will offer code share flights operated by British Airways (BA) from London (Heathrow) to Lisbon, as well as to 4 destinations in the United Kingdom; Aberdeen, Edinburgh, Glasgow and Newcastle. The code sharing flights are targeted to start from January 14, 2009 and reservations on the UK flights can be made from January 7, 2009 an...
British Airways announced that in December 2008, passenger capacity, measured in Available Seat Kilometres, was 3.0 per cent below December 2007. Traffic, measured in Revenue Passenger Kilometres, fell by 3.4 per cent. This resulted in a passenger load factor decrease of 0.2 points versus last year, to 76.7 per cent. Traffic comprised a 12.1 per cent d...
Global air traffic experienced a major setback in November 2008. Total passenger numbers during the month were about 2 percent lower than in November 2006 and 8 percent lower than in November 2007. Worldwide passenger traffic dropped sharply by 8 percent in November 2008 as compared to November 2007, according to reports from the 165 key airports that...
With GKN Aerospace's recent acquisition of the Airbus wing component and assemblies manufacturing unit at Filton, UK, EADS/Airbus has accomplished its aerostructures reorganisation strategy. This initiative combines the divestment of non-core activities and sites in order to establish a network of strong suppliers, allowing Airbus to concentrate on its co...
The industrial real estate sector is forecast to recover quicker than the commercial office space sector will, according to a report in Cargo Business News. Citing a recent Grubb & Ellis 2009 forecast, the report said the year ahead will be a dour in the real estate market, but that the industrial sector -- including warehousing and logistics ...
President-elect Barack Obama said Tuesday in a meeting with members of his budget team that he will ban lawmakers from inserting pet projects without review in the economic recovery package that will soon go before Congress. Top Obama advisors have talked about seeking up to $775 billion for infrastructure projects that can save or create 3 million j...
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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