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- Edition: 1393
Headlines
Contents Fraport, Eraman want to offload Delhi airport stake
Eraman Malaysia, a wholly-owned unit of Malaysia Airports Holdings and Frankfurt Airport operator Fraport want to sell their stakes in Delhi International Airport (DIAL), reported Business Times Malaysia.
Germany withholds $785m in funds for Airbus A350
The German government is withholding US$785 million of funding for the development of the Airbus 350 in an attempt to ensure future production takes place in Germany, reported The Daily Telegraph Berlin is reportedly holding back the loan because it
Portugal selects Brazilian bidder for TAP
The Portuguese government has selected Synergy Aerospace, a Brazilian aviation and industrial conglomerate, as the sole bidder in the privatisation of state-owned flag carrier TAP Air Portugal, reported Dow Jones Newswires.
ICTSI acquires 35% of Pakistan terminal
International Container Terminal Services Inc (ICTSI) said its unit ICTSI Mauritius has completed the acquisition of a 35 percent stake in Pakistan International Container Terminal(PICT).
Tampa port confident of boosting business
The ports at Tampa and Manatee are lagging their Florida east coast rivals in container traffic and related industrial real estate development.
Pick-up in US consumer
demand cheers shippers
US consumers are rediscovering their appetite for China's products, according to a senior shipping executive and a number of companies, but its slow comeback won't be enough to offset slumping European demand anytime soon.
DHL to inject $130m into India
DHL Supply Chain, a division of global logistics provider DHL, will invest more than US$130 million in India, developing an additional 5 million sq ft of warehousing space across the country and eight world class multi-client sites.
CSX Q3 profit slips on weaker coal shipments
CSX Corp reported a 1.9 percent decline in third-quarter earnings, as slumping demand for coal hauled by the railroad to US electric utilities continued to hurt its bottom line, reported Dow Jones Newswires.
Union Pacific Q3 profit up 15 percent on better margins
Union Pacific Corp's (UNP) third-quarter earnings rose 15 percent as the railroad operator's margins continued to improve.
| | Qatar boss calls for third Heathrow runway
Qatar Airways chief executive officer Akbar Al Baker yesterday added to calls for the UK to act quickly to address capacity constraints at London's Heathrow airport.
DP World sets new UK handling record
DP World Southampton set a UK productivity record on the Hyundai Ambition this week with the company's D Team handling 651 moves (54 crane moves per hour) on quay crane 29 during a 12-hour night shift.
Deep hole to climb out of, warns NOL head
Neptune Orient Lines is back on track to sustainable operating profits on better-than-expected volumes on its Asia-North America trade business for its container shipping unit APL and aggressive cost-cutting, its president and chief executive said.
Hanjin, Evergreen cut China-EU capacity
Hanjin Shipping and Evergreen Line are cutting capacity on the China-Europe trade in the fourth quarter by almost 25 percent in response to the seasonal drop in demand.
Sell public assets to pay for logistics, says Aussie report
A report released today by Infrastructure Australia calling on governments to consider selling state assets to pay for infrastructure shines a light on the importance of ensuring funds are available to finance Australia's growing logistics infrastructure
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