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SOUTH Korea's flag carrier Korean Air has announced its 2010 operating profit of KRW1.1 trillion (US$983 million), up 739 per cent year on year and drawn on revenues of KRW11.4 trillion, an increase of 22 per cent. Net income for 2010 returned to the black at KRW468.4 billion compared to a loss of KRW98.9 billion in 2009. Its operating revenue for the ...
UNDER a new agency agreement that brings together two companies with plans for Arctic expansion, GAC Norway recently welcomed the TransAtlantic's ice-breaking Anchor Handling Tug Tor Viking II to Hammerfest after its transit of the ice-bound North East Passage. Berthing at the northern Norwegian port marked the end of the vessel's voyage from Alaska to...
AGILITY's latest Emerging Markets Logistics Index shows steady growth of BRIC nations, but also reveals that the old "tiger economies" of Asia holding their own as low-cost production sources for the global supply chain. The Agility index compares 39 emerging markets and provides data on logistics, air cargo, shipping lines and freight forwarders. It is ...
SOME 1,117 kilometres of new expressways have been built in southwestern Chongqing city during the period from 2006 to 2010, marking the completion of the state expressway network in the city, Xinhua reports. Chongqing's expressway density has grown to 2.4 kilometres per hundred square kilometres, ranking the first among western Chinese cities. In th...
President calls for the rebuilding of infrastructure over next year Transportation trade groups are praising President Obama's call to rebuild the nation’s efforts infrastructure but some members of Congress say the administration will have to put more details behind broad pleas for investment. Rep. John Mica, R-Fla., chairman of the House Tra...
DP World handled almost 50m teu across its global portfolio of 50 operating terminals in 2010, with the actual 49.6m teu handled representing an increase of 14% against the previous year. Of these volumes, the UAE accounted for 11.6m teu, up 4% on 2009, with the 6.1m teu performance in the second half of 2010 witnessing a return to the peak levels of 200...
Pacer International, the North American freight transportation and global logistics services provider, announced that its Pacer Distribution Services (PDS) warehouse and distribution operation opened a 200,892 sq ft facility within the Watson Industrial Center in Carson, California, reported Business Wire. The property is located on 11 acres at 800 East 2...
Norfolk Southern Corp has been selected as FedEx Corp's primary eastern rail carrier for its revamped freight shipping operation, reported Dow Jones Newswires. FedEx said in September it would restructure its domestic trucking unit, combining its FedEx Freight and FedEx National less-than-truckload operations beginning January 30. Norfolk Southern exec...
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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