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Kenya and Uganda are planning a rail network connecting the Kenyan port of Mombasa with inland parts of the country and neighboring landlocked nations. The proposed $3.5 billion rail line would replace an antiquated line built at the turn of the 20th century, Reuters reported Tuesday. The Ugandan government is particularly keen to build the project to e...
Cathay Pacific on Wednesday issued a profit warning for 2008, saying weak demand out of Hong Kong and China and losses from hedging fuel costs will hit hard. “Since the November announcement revenue has continued to weaken,” the airline said in a statement to the Hong Kong stock market. “The air cargo market ex-Hong Kong and Mainland China ...
THE International Air Cargo Association's (TIACA) industry affairs committee is calling for air cargo security controls worldwide to be coordinated to avoid a multiplicity of industry regulations that could slow down trade. Global aviation security must be threat-based, risk-managed, multilayered and operationally consistent to be effective, said indu...
DUBAI's position as a major sea-air freight transit point in the Middle East to serve the trade between Asia and Europe is being jeopardised by air freight rates currently being cheaper than sea-air rates. Ram Menem, divisional senior vice president for Cargo at Emirates was quoted as saying in a report by the UK's International Freighting Weekly that...
Integrated logistics provider UPS said Tuesday its Supply Chain Solutions subsidiary has won a contract to manage a significant portion of Merck & Co.'s U.S. distribution of pharmaceuticals and vaccines as well as provide package transportation. Merck has outsourced the operation of its two key temperature-controlled distribution centers in At...
U.S. manufacturing output in December dropped to its lowest level since 1980 in the face of weak economic demand, according to the Institute for Supply Management. Production levels were 3.8 percentage points lower than in November as the group's manufacturing index registered 32.4 percent. A reading below 50 percent indicates the manufactur...
Apparel importers are urging the Obama administration to eliminate apparel duties. Calling the end of quotas on textile and apparel imports a transformative moment in U.S. trade policy, Laura E. Jones, executive director of the U.S. Association of Importers of Textiles and Apparel, said her group wants the next administration to drop import duties on ...
A strike by certain sections of India's trucking industry doesn't seem to be doing too much harm so far, the Hindu Business Line reported Tuesday. Trucker members of the All India Motor Transport Congress, striking since Monday for fuel and tire subsidies from the national government, only represent a fraction of the country's total trucking f...
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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