Airliner lessor Aviation Capital Group has placed an order for 17 Boeing 737s in the firm抯 eighth purchase commitment from the Chicago-based aircraft manufacturer in two years. At current list prices, the deal announced Monday would be worth more than $1 billion, though sizable discounts are not uncommon on large orders. According to a Boeing stateme...
Minneapolis-based third-party logistics company C.H. Robinson posted an 18.3 percent rise in first quarter net income to $86.3 million, compared to $73 million in the same period last year. The company's operating income for the first three months of 2008 was $136.1 million, up 18.1 percent year on year. Total gross revenue increased 22.6 percent to $...
The Weyerhaeuser Co. has made three major corporate appointments in the past week. On April 17 the Federal Way, Wash.-based forest products giant, named Daniel Fulton president and chief executive officer. Futon, who has served as president since Jan. 1, assumes the role of CEO from Steven Rogel, who will remain as chairman in a non-executive capacity...
Saddle Creek Corp., a third-party logistics firm headquartered in Lakeland, Fla., has appointed Letitia Strowbridge and Jeff Alexander as directors of business development. Strowbridge was sales and marketing consultant for The Coalescent Group in Atlanta. She will stay in Atlanta for Saddle Creek. Alexander was vice president of sales and mar...
Russian Railways has announced it intends to develop modern railway stations by taking into account international experience, according to Sergei Abramov, head of the Directorate of Railway Stations. The Company's plan for its stations means creating the right environment to attract private investment to develop the terminals, says Abramov. This could...
The International Air Transport Association (IATA) has signed a historic commitment to tackle climate change. IATA Director General and CEO Giovanni Bisignani was joined by the industry’s other top leaders in a signing ceremony at the 3rd Aviation and Environment Summit in Geneva, Switzerland. “This declaration is a great step,” said Bisignani. “IATA...
The Boeing Company today named Antonio De Palmas as president of European Union and NATO Relations. De Palmas, 44, will be responsible for working with all European institutions and representing Boeing interests at the EU, European Parliament and NATO. He will be based in Brussels, Belgium, and report to Shep Hill, president, Boeing International. De...
Dragonair is advising passengers that it will move its operation in Shanghai to the new Terminal 2 at Shanghai Pudong International Airport on Tuesday, April 29, 2008. From that date, all the airline’s flights between Hong Kong and Shanghai – a total of 16 scheduled flights each day - will arrive and depart from Terminal 2. Check-in counters for departure...
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