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The U.S. Trade and Development Agency awarded a $390,572 grant to the Trinidad and Tobago Airport Authority to develop a plan to create an air cargo and plane maintenance hub at the Piarco International Airport. Piarco airport, located about 15 miles east of Port of Spain, is the largest airport in the Caribbean. Currently, 18 international airlines a...
Celadon Group Inc. said it had a $6.6 million profit in the second quarter ending June 30, 70 percent lower than the $22.3 million it earned in the same 2007 period. For the quarter, the trucking company's revenue was $154.6 million, 17.4 percent higher than the $131.7 million recorded in the 2007 quarter. Freight revenue, which excludes fuel surcharg...
Con-way has hired Tyler S. Ellison to be president of its newly formed Multimodal division. Prior to joining Con-way, Ellison served as senior vice president of the Global Client Group at Schneider National. Con-way Multimodal succeeds the company's previous brokerage operation, known as Con-way Truckload Services. The re-launching and expansi...
A group of 20 House lawmakers asked the Department of Homeland Security and Customs and Border Protection in a recent letter to develop a 10+2 pilot program before the rule's full-scale implementation. The congressmen also asked CBP to give some consideration to those companies that have validated supply chains through the agency's Customs-Trade Partn...
Union Pacific Corp. has filed a lawsuit in federal court in Omaha, Neb. that seeks to have $38 million in penalties imposed by the federal government waived. The Associated Press reports that the fines are related to 42 incidents since 2002 in which agents found drugs stashed in railcars as they crossed from Mexico into the United States. The rail...
The logistics company Pacer International Inc. said it had profit of $13.8 million for the quarter ending June 27, compared to $12.5 million in the same 2007 period. Revenues were $518.4 million compared to $474.9 million for the same 2007 quarter. During the second quarter of 2008, Pacer continued to show improvement in its overall financial perf...
Congressional Democrats are blasting the Bush administration's approval of a two-year extension to a U.S./Mexico cross-border truck program, vowing to kill the program once Congress reconvenes in September.The White House extended the program Monday, infuriating political opponents of the plan by approving the extension on the first day of Congress?summer...
The relentless rise of fuel costs in 2008 contributed to Cathay Pacific losing $85 million in the first half of the year, a 125 percent drop compared to the $330 million in profits the Hong Kong airline earned in the first half of 2007. Cathay's group turnover from January through June rose 22.6 percent, to $5.4 billion, with modest increases in cargo...
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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