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President-elect Barack Obama said in a Saturday radio address that he has directed his economic team to formulate an economic recovery plan that will save or create 2.5 million jobs by January 2011. Obama said he intends to sign the plan shortly after taking office in two months. While vague on details, Obama said the nationwide initiative would t...
Wal-Mart Stores unexpectedly announced Friday that Lee Scott will retire Feb. 1 as chief executive officer and the board of directors named Mike Duke, head of Wal-Mart's International division, to replace him. Duke, 58, has led Wal-Mart's international rebound since taking over in 2005. The company now has more than 3,200 stores in 14 countries outsi...
BAE Systems announced at the Air Finance for Africa Conference in Addis Ababa in Ethiopia a deal for three BAe 146-200 regional jetliners that are destined for operation with Air Congo Limited of Brazzaville, Republic of Congo. The three aircraft (msns 2090, 2092 and 2096) will join five other BAe 146-200s that have also been acquired by Air Congo. O...
The U.S. government has awarded Tanzania's Ministry of Infrastructure Development a $653,600 grant to support the development of a regional rail transportation corridor. The grant, which was awarded under the U.S. Trade and Development Agency's African Trade Lanes Partnership, will fund early investment analysis on a proposed upgrade to the Dar es ...
CSX Intermodal President Jim Hertwig said there is a need for more cooperation between public and private sectors to quickly address emerging trends in global trade and the critical need for expanded transportation and distribution infrastructure. As our nation faces combined pressures from an increasingly globalized economy and deteriorating trans...
From the land of the matryoshka doll, comes the big plane with the little plane inside. A Volga-Dnepr Airlines said it transported the fuselage section of a Sukhoi Superjet 100 passenger aircraft from Komsomolsk-na-Amure in Eastern Russia to Novosibirsk in the center of the country using one of its AN-124-100 freighters. The fuselage was tr...
Delta Cargo informed its customers Thursday that implementation of a mobile scanning system will begin in December at the airline's main cargo facility in Atlanta. The system, designed and developed with AirClic, Unisys and Sprint, will then be rolled out to other U.S hubs in JFK, Cincinnati, and Los Angeles, as well as international stations of ...
Goldman Sachs has significantly downgraded its growth forecast for India this year and 2009 as the global economic crisis has fully engulfed the emerging Asian nation. The bank lowered its forecast for the current year to March 2009 to 6.7 percent from a previous estimate of 7.5 percent, Agence France-Presse reported recently. For the 2009-20...
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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