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Member carriers of the Association of Asia Pacific Airlines reported a 15.5 percent drop in cargo volume in November, compared to the same month in 2007. “Even with an 8.9 percent reduction in cargo capacity, the average international cargo load factor for the month fell by almost five percentage points to 64.3 percent,” the association said. ...
Airlines experienced a 13.5 percent drop in international cargo volumes during November, reflecting the global decline in business activity and consumer demand for goods during the current economic crisis, the International Air Transport Association said this week. It is the largest fall in cargo business since 2001 in the aftermath of the terror...
California state officials have informed the ports of Long Beach and Los Angeles that state Proposition 1B funds designated for the ports?truck re-regulation program have been suspended for the near future. The California Air Resources Board explained to the ports in a Dec. 23 letter that due to the current legislative budget stalemate, the S...
Dependable Global Express will open a logistics and freight forwarding facility in Manila, the Southern California-based company said Monday. DGX is expanding its Asian network to take advantage of increasing trade through the Philippines. The facility will offer traditional ocean and air freight forwarding, as well as third-party logistics s...
Trucking company YRC Worldwide said on Christmas Eve that it was negotiating with a group of banks to ease terms on lines of credit and that it has terminated a $150 million cash buy back of senior notes at a discounted price to improve liquidity. The largest U.S. less-than-truckload carrier said it expected to complete talks with banks on am...
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 a robu...
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's o...
The incoming administration is eyeing an economic stimulus plan on the order of $670 million to $750 million as the condition of the U.S. economy appears to be worsening, Obama advisor David Axelrod said Sunday on CBS?Face the Nation. The figure is greater than previous estimates of the amount expected to be spent on infrastructure projects to cr...
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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