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The total deal value of mergers and acquisitions in the global transportation and logistics industry nearly halved in 2007 despite a 20-year high 1,291 deals, according to PricewaterhouseCoopers. The accountants' quarterly report, Intersections, shows that total deal value in 2007 dropped to $83 billion from $164 billion in 2006, due in part to several...
Caribbean Community officials are joining the campaign to have the United States renew the Caribbean Basin Trade Partnership Act. According to a release on the Caricom Web site, the multinational organization said the trade agreement, scheduled to expire in September, should be renewed an expanded to encompass a wider range of economic activities. C...
Chinese economists are trying to see the bright side of the U.S. economic downturn, saying it could bring about a narrowing of the trade imbalance between the two countries. A reduction is good to ease international pressure, adjust the economic structure and enlarge domestic demand, Zheng Jingping, a researcher with the National Statistics Bureau, tol...
Europe's largest all-cargo carrier, Cargolux Airlines International S.A. of Luxembourg, will add a fourth weekly frequency from Hong Kong into Budapest, starting on 26 February, 2008, thus offering a total of 6 weekly services from Asia into the Hungarian capital. The additional flight, CV 7532, is operated every Tuesday at 08.10 a.m. out of Hong ...
Silverjet celebrated its first full year of operations on 25 January 2008. Since the launch of its daily service to New York Newark from its private terminal facilities at London Luton in January 2007 the airline has introduced further daily services to New York Newark and Dubai, flying into the executive terminal at the Emirate. The use of pr...
Today, the JAL Group filed an application with the Japanese Ministry of Land Infrastructure, Transport & Tourism (MLIT) requesting a revision of IATA international normal and PEX airfares applicable for Japan departures. Based on agreements adopted at IATA Tariff Conferences, the revision will lead to increases in the price of IATA international norma...
The Lufthansa Cargo Executive Board has appointed six new regional managers. Carsten Hernig is the new regional manager in India and the Middle East. Currently in charge of the Lufthansa Cargo station in Hong Kong, Carsten Hernig (33) is assuming his new position in New Delhi on 1 March 2008. He succeeds David Keary, who is entering retirement after ...
The Finnish airline Finnair issued its financial statement on Tuesday, reporting strong cash flow and a solid balance sheet, which it sees as giving the company a good springboard for future investments, according to a HELSINGIN SANOMAT report. Turnover rose 9.6 per cent to EUR 2,180.5 million, an increase of 12.2 per cent, if the impact of the sale o...
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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