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- Edition: 1378
Headlines
Contents Virgin Atlantic CEO to step down
Virgin Atlantic said that chief executive Steve Ridgway is stepping down after 23 years with the transatlantic carrier, leaving an unenviable task to his successor as the UK airline grapples with high fuel prices, tough competition, and a sluggish
JAL sets IPO price at top of range
Japan Airlines hopes to raise US$8.
Lufthansa crew rule out strikes for six weeks
Lufthansa's cabin crew will not strike for the next six weeks while labour representatives and company executives engage in a mediation process, union representative Nicoley Baublies told Reuters.
Finnair CEO not charged on flat sale issue
Finnish airline Finnair Oyj said that no charges will be pressed against its chief executive Mika Vehvilainen in relation to the sale of an apartment, reported Dow Jones Newswires.
Shanghai port throughput falls 7.1% in August
Shanghai Port, the world's busiest container port, saw its container volume fall 7.1 percent from a year earlier, its second consecutive monthly decline, signalling a slowdown in China's trade activities, reported Reuters.
Bid to resume talks with dockworkers
Federal mediators will attempt to restart stalled contract talks between the union representing 14,500 US East Coast and Gulf Coast dockworkers and the group representing their employers in an effort to avert the first strike in 35 years, reported the
APM Terminals buys into Russian Global Ports
APM Terminals, the ports arm of Denmark's A P Moller-Maersk, is buying a 37.5 percent stake in Global Ports from Russian private transportation group N-Trans.
C H Robinson to acquire Polish forwarder
C H Robinson Worldwide, one of the world's largest logistics companies, has agreed to acquire Apreo Logistics, a leading freight forwarder based in Warsaw, Poland, reported Press Association National Newswire. No financial details were released.
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