C H Robinson to pay
$635m for forwarder
C H Robinson Worldwide Inc, a third-party provider of freight transport, is to take over privately owned Phoenix International for US$635 million in cash and stock to expand its forwarding business.
EU rejects US claim to have weaned Boeing off subsidies
US aircraft giant Boeing is still getting US subsidies despite Washington's claim to have stopped the handouts, the European Union said, reported Reuters.
PAL owners mull building new airport
Philippine conglomerate San Miguel Corp said it has teamed up with the group of billionaire Lucio Tan to evaluate the feasibility of building an airport that could serve as the country's main gateway, reported Dow Jones Newswires.
Air France-KLM cites Philippine-EU prospects
Franco-Dutch airline Air France-KLM sees traffic between the Philippines and the European Union (EU) picking up in the long run from currently limited volumes, reported BusinessWorld.
Pacific rates to rocket on perfect storm fears
Transpacific container shipping lines have announced hefty freight rate increases as they prepare for a "perfect storm" next year, hiking box rates by US$800-$1,200 per TEU starting from mid-October.
Felixstowe sets new productivity record
Customers at the Port of Felixstowe are benefitting from fast vessel turnarounds on the quayside as a result of a programme of continuous improvements.
MSC throws lifeline to Timaru port
PrimePort Timaru has been thrown a container service lifeline by Mediterranean Shipping Co (MSC), which will begin a weekly container service through the port on October 10, reported New Zealand Transport Intelligence Briefing.
Port of Tampa rail link nears completion
The Port of Tampa is nearing completion of the US $11 million Tampa Gateway Rail Terminal, a 2-mile rail loop that will speed the unloading of ethanol-bearing trains and cargo-bearing ships, reported Tampa Bay Times.
Court stay for ABG on port bank guarantee
The Mumbai high court granted an ad-interim stay to ABG Ports against the decision of Singapore's PSA International, its dominant partner in a planned container loading facility at Jawaharlal Nehru port, to encash ABG's share of the bank guarantee for
| | Russian Railways eyes Peugeot logistics unit
Russia's state railway monopoly is in talks to buy Gefco, the logistics business that loss-making French car maker PSA Peugeot Citroen wants to sell, as it bets on growing demand for transporting goods overland between Europe and Asia, reported Reuters.
Jaxport board elects chairman
The board of directors of the Jacksonville Port Authority (Jaxport) selected new board officers during its monthly meeting, electing James Citrano as chairman. Beginning today, he will assume the role vacated by former chairman Stephen Busey.
Virgin America reports $32m loss
Virgin America's second-quarter loss widened to US$32 million, but the airline is betting costly expansion is about to pay off, potentially leading to an initial public offering in late 2013, repoted Dow Jones Newswires, The closely held carrier has
Cathay posts most profitable week of the year
Cathay Pacific Airways recorded its most profitable week of the year last week thanks to strong demand for premium services, but the carrier's chief executive warned that the flare-up of tensions between China and Japan is hurting demand for travel
Qantas-Emirates tie-up draws fire
Virgin Australia and its international alliance partners have asked the competition regulator to withhold interim authorisation for the Qantas-Emirates tie-up, arguing the two would have a massive combined market share and that they had failed to
Narita mulls landing fee discount
Narita International Airport is looking to put in place discounts on landing fees charged to airlines, aiming to increase its capacity utilisation by attracting more flights, according to Nikkei Report.
Dubai airport August freight traffic edges up
Passenger traffic at Dubai International Airport jumped 20 percent from a year earlier in August, while the volume of cargo freight rose 4.4 percent, reported Reuters. The airport, one of the world's busiest, handled 4.
Saudi Ports Authority injects $426m in projects
The Saudi Ports Authority (SPA) signed US$426 million in contracts for construction and development projects in various seaports in the kingdom in 2012, reported Mist News.
Jebel Ali signs contract
for 4m TEU terminal
DP World took a major step towards the development of a massive new container terminal at Jebel Ali in Dubai, with the signing of an agreement for the construction of the infrastructure to expand capacity at the flagship port by four million TEUs.
FedEx shareholders refuse to strip CEO of chairman's title
FedEx Corp shareholders rejected for the sixth time a Teamsters proposal that would have forced founder Fred Smith to give up the chairman's title at the operator of the world's largest cargo airline, reported National Post.
DHL Express prices to go up next year
Deutsche PostDHL said it would raise prices at its DHL Express business worldwide from January 1 to take into account inflation and rising operating costs. In Germany, prices will increase by an average 4.
Virgin Cargo gets new sales chief
Virgin Atlantic Cargo has appointed Nick Jones to the new post of head of sales.
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