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MAYTAG Aircraft Corporation, a long-time defence contractor, is planning to be awarded more civilian work through the establishment of two separate joint ventures that aim to double the Colorado Springs-based firm's annual revenue to US$40 million within five years. Maytag plans to form joint ventures with California-based New Bedford Panoramex Corp (...
TAAG Angola Airlines has started a twice-weekly direct chartered flight service from Angolan capital of Luanda to Beijing, Logistics Week reported. The maiden flight took off from Luanda and landed at the Beijing Capital International Airport, using Boeing 777-200 ER. Flight duration is 14 hours. Spokesman of the carrier said the company will upgr...
THE International Air Transport Association (IATA) figures show a year-on-year 13.5 per cent drop in world air cargo flow - the biggest decline since 2001 - as well as 4.6 per cent passenger traffic reduction with capacity falling only one per cent. The 13.5 per cent drop in cargo is shocking," said IATA director general and CEO Giovanni Bisignani. "A...
SINGAPORE Airlines (SIA) has been holding talks with its cargo pilots to encourage them to accept unpaid leave, in a move designed to avoid layoffs as the global economic crisis reduces demand for air freight. SIA spokesman Stephen Forshaw was cited as saying in an AFP report that the period of unpaid leave will be for up to 30 months and that the mea...
Expenditure on third party logistics activities in India is forecast to rise from $58 million currently to $90 million by 2012, according to a study by the Associated Chambers of Commerce and Industry of India. The study, Building Logistics for Competitive Business, also projects that the size of India’s logistics sector will increase from $100 bil...
The U.S. Transportation Security Administration said Monday it has now fingerprinted and background-checked 1 million truckers who require a hazardous material endorsement on their commercial driver’s licenses. The program started four years ago. “Applicants who initially may not meet the eligibility requirements can take advantage of...
The Intermodal Association of North America said its board of directors has elected Greg Stefflre, chief executive officer of Rail Delivery Services as chairman for 2009. Stefflre succeeds Theodore Prince, principal of T. Prince & Associates. Stefflre, who is currently serving his eighth year on the IANA board, is one of the association...
Supply lines to NATO and U.S. forces in the border region between Pakistan and Afghanistan have been interrupted as a Pakistan-led assault on militants in the area is underway, international news outlets reported Tuesday. The raid on Taliban militants in the lawless tribal region has temporarily closed the only supply route (the famed Khyber P...
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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