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Class I rail carrier BNSF said Tuesday it is now offering express international container service from ports in Seattle and Tacoma, Wash., to intermodal facilities in Chicago and Memphis. According to BNSF officials, the new service will trim about a day’s shipping time between those ports and Memphis. The Fort Worth, Texas-based BNSF, alrea...
The cargo division of Chile's LAN Airlines said Wednesday it will pay a $88 million fine as part of a plea agreement with the U.S. Justice Department to charges of fixing prices of cargo rates and fuel surcharges. Eight other airlines -- British Airways, Korean Air, Air France-KLM, Japan Airlines, Qantas, Cathay Pacific, SAS and Martinair/Tampa -- ...
AIR China is preparing to take full control of air freight subsidiary Air China Cargo Co Ltd by purchasing the remaining 24 per cent equity interest held by Capital Airports Holding Company. Air China present has a 76 per cent stake in Air China Cargo. Capital Airports Holding is expected to transfer the remaining 24 per cent stake in the air freight ...
Forward Air Corp. said it is cutting its fourth quarter earnings estimate due to severely worsening economic conditions encountered during the second half of the fourth quarter. Forward Air, which plans to report its financial results for the fourth quarter and full year 2008 on Feb. 9, said it was lowering its fourth quarter estimate to 27 cents t...
Several European associations representing the interests of shippers and the logistics, express, freight forwarder and road transport industries are calling for extended use within Europe of longer, potentially heavier road freight vehicle combinations. They cite a study, published last week by the European Commission from a private research c...
CSX Corp. reported fourth quarter profit of $247 million, a 32 percent decline from the same 2007 period. Results reflected a writedown in its investment in the Greenbrier resort in White Sulphur Springs, W.W. The impairment loss as well as the loss from resort operations was $179 million. The company said revenue was $2.67 billion for ...
Billionaire investor Warren Buffett's firm, Berkshire Hathaway, has completed the purchase of just over 4.3 million shares of Class I rail carrier Burlington Northern Santa Fe Corp. stock. The sale was listed at just over $271 million. Berkshire Hathaway increased its stake in Fort Worth, Texas-based BNSF to more than 74 million shares, and now con...
Singapore Airlines is cutting 214 flights, reducing capacity from its network due to weak passenger demand, a move that will affect belly space capacity on one of Asia's biggest cargo carriers. The 214 flights represent about 3 percent of Singapore Airlines’ flights. International news outlets reported the move Friday as Singapore anno...
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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