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Union Pacific said Thursday it was canceling embargoes it had imposed on traffic moving across parts of its east/west main line because of flooding in the Midwest that had affected about 20 percent of its daily volume. The whole nation has seen the flood impact in Cedar Rapids and those floodwaters made our main line double track impassable in that ar...
The American Trucking Association voiced concerns to Congress Thursday over the potential impact of pending federal cap-and-trade emission legislation and urged lawmakers to move cautiously on environmental initiatives. In testimony before the subcommittee on energy and air quality of the House Committee on Energy and Commerce, Randy Mullett, Con-Way ...
China's future growth could be hampered if fuel prices don't settle down, a China-based executive with CEVA Logistics said Wednesday. What our customers are telling us is we're getting close to the level where they have to consider changing modes, said Ditlev Blicher, vice president of north Asia for CEVA, at the Air Cargo Conference in Shanghai. We're als...
FedEx blamed soaring fuel prices and the weak U.S. economy this week for a fourth quarter loss of $241 million compared to net income of $610 million in the year-earlier period. The results included a previously announced one-time charge of $891 million to switch the use of the FedEx Kinko's brand to FedEx Office and write-off lost value from the Kink...
Hong Kong Air Cargo Terminals Limited (Hactl) clinches the prestigious “Air Cargo Handling Agent of the Year” Award for the second time at the 2008 Air Cargo Week World Air Cargo Awards. The World Air Cargo Awards is organised by the renowned international airfreight publication Air Cargo Week. An award presentation ceremony was held last night, be...
OpenSkies, the new BA subsidiary, that starts flying from Orly Airport, Paris, to JFK, New York on June 19, has appointed Lincolnshire based systems provider Bytron as their flight management solutions partner for the new service. Bytron’s systems are used by many major airlines and airports and the company is renowned for their eFlight™ and skybook®...
IT must deliver solutions to drive down costs, improve passenger convenience and provide enhanced possibilities to maximise revenues. The industry fuel crisis that has plunged airlines back into the red means achieving these goals is critical to survival, said Giovanni Bisignani, Director General and CEO of the International Air Transport Association (IAT...
U.S. logistics costs rose 7 percent, or $91 billion, to a record high of $1.4 trillion in 2007 driven largely by soaring fuel prices and extra costs to hold slow turning inventory in a soft economy, according to an annual report that tracks trends in logistics spending. Logistics costs represented 10.1 percent of the Gross Domestic Product, crossing a...
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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