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THE combined consolidated revenue passenger miles of United and Continental airlines in February decreased 1.1 per cent over February 2010 on a consolidated capacity increase of 1.8 per cent. Combined load factors were down 2.3 points compared to February 2010, reported parent United Continental Holdings. The two airlines' February 2011 consolidated pa...
HONG KONG Airlines intends to buy thirty 787-9s Dreamliners, two 787-8 and six 777 freighters from Boeing, said the Seattle-based plane maker. Boeing said it is working with Hong Kong Airlines to finalise the deal. "Boeing's family of technologically advanced, long-haul airplanes will enhance Hong Kong Airlines' ability to match the demands of the diffe...
HONG KONG's Cathay Pacific Airways, together with its sister operator Dragonair, and input from its other aviation investments, enjoyed a 199.3 per cent net profit increase in 2010 year on year to HK$14.04 billion (US$1.41 billion) on a 33.7 per cent increase in revenue to HK$89.52 billion. The group's cargo revenue increased 50.1 per cent to HK$25.9 bi...
LOGISTICS firm Weiss Rohlig has commenced a new weekly consolidation service between Taiwan and Prague in the Czech Republic. "There is growing demand from shippers in Taiwan for a weekly scheduled service to the Czech Republic and we decided to launch the consolidation service and we have had an excellent response from our customers" said the company's ...
SWISS global forwarder and logistics provider Panalpina posted an unadjusted 7.5 per cent year-on-year operating profit increase to CHF1.48 billion (US$1.58 billion) on revenues of CHF7.16 billion, a rise of 20 per cent. "Panalpina recorded its biggest rise in gross profit in the Asia-Pacific (APAC) region, with growth there exceeding 20 per cent to CHF29...
SUPPLY and demand will be in balance on the transpacific this year, according to carriers speaking at the Annual Trans-Pacific Maritime Conference in Long Beach. "There will be no sustained overcapacity this year," said Hanjin Shipping president and CEO YM Kim, who is also chairman of the Transpacific Stabilisation Agreement. Mr Kim said containership c...
New Zealand freight company Mainfreight Ltd has bought Netherlands-based Wim Bosman Group for US$153 million to broaden its operations into Europe, reported Reuters. Mainfreight said it would pay for the Netherlands-based Wim Bosman Group, which operates in 14 European countries, through bank debt and it would lift its gearing ratio to almost 50 percent. ...
CEVA Logistics, a supply chain management company, reported record revenue and robust EBITDA performance for last year, building on the momentum established in the third quarter. Revenue was US$9.47 billion, up 25 percent year-on-year and now ahead of pre-recessionary levels and there was strong recovery in EBITDA to $406.86 million with margins driven by...
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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