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- Edition: 1396
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Contents Airports of Thailand dismisses president
Airports of Thailand has approved the termination of the employment contact with Anirut Thanomkulbutra, its president, effective from November 27, reported Dow Jones Newswires. The company didn't elaborate on the reason for the dismissal.
United Continental Q3 profit dives 99%
United Continental's third-quarter profit plummeted 99 percent as the airline saw substantial labour agreement and integration costs wipe away much of its quarterly profit, reported Dow Jones Newswires.
Alaska Air Q3 profit more than doubles
Alaska Air's third-quarter profit more than doubled as the parent company of Alaska Airlines and Horizon Air saw strong revenue growth, while expenses fell, reported Dow Jones Newswires.
Copenhagen Airport to offload stake in Newcastle Airport
Danish airports operator Koebenhavns Lufthavne or Copenhagen Airports, is set to offload its stake in Newcastle Airport within the next few days in a deal valuing the whole company in excess of US$519 million, a person familiar with the situation said,
JaxPort shows modest annual rise in throughput
The Jacksonville Port Authority's quest to attract more cargo slowed somewhat the past year, but it still set another Jacksonville record for moving those box-shaped metal containers across the docks, reported The Florida Times-Union.
NOL back in black after 18 months in the red
Singapore's container shipping company Neptune Orient Lines (NOL) has returned to profitability after 18 months of losses – and has confirmed the sale of its Alexandra Road headquarters for US$311 million.
XPO buys freight brokerage firm for $50m
XPO Logistics Inc confirmed it has acquired the freight brokerage division of Ozburn-Hessey Logistics, a logistics company owned by private equity firm Welsh Carson, for US$50 million in cash, reported Reuters.
Agility opens new warehouse in HK
Focused on delivering a comprehensive range of advanced logistics services, Agility, a global logistics provider, has opened a new 13,000 sq m warehouse in Hong Kong.
UPS expands healthcare network with three new facilities
UPS announced a significant expansion of its global healthcare distribution facility network in the Asia Pacific region with the opening of three new state-of-the-art facilities in Hangzhou and Shanghai in China, and Sydney, Australia, reported Business
| | Boeing posts better-than-expected profit
Boeing reported third-quarter profits that were better than analysts had expected because of sharp increases in aircraft deliveries, reported the New York Times.
Singapore Airlines in $7.5b Airbus deal
Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at US$7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now, reported Reuters.
Delta Air profit jumps 91% on fuel hedge gain
Delta Air Lines's third-quarter earnings rose 91 percent as the airline benefited from a mark-to-market gain on its fuel hedges, reported Dow Jones Newswires.
Extraordinary gain lifts US Airways profit
US Airways' third-quarter earnings soared as the nation's fifth-largest carrier by traffic benefited from a US$69 million gain related to a slot transaction with Delta Air Lines and improved revenue, reported Dow Jones Newswires.
US, Australia airline unions form alliance
Two unions that represent airline and transit workers in the United States and Australia have formed an alliance in a bid to coordinate activities globally, reported Reuters.
Korean Air back in the black
Korean Air Lines swung to a net profit in the third quarter as robust passenger demand on international routes offset high oil prices and sluggish demand in the cargo business, reported Dow Jones Newswires.
Garuda nine months income up 52%
Garuda Indonesia's net income for the January-September period rose 52 percent from a year earlier, as increases in passenger and cargo numbers helped the flag carrier recover from a first-half net loss, reported Dow Jones Newswires.
DP World's lone bid not a hindrance, says ministry
Receiving a lone price quotation for the new container loading facility at Jawaharlal Nehru port (JN port) will not be a hindrance to its approval, the shipping ministry has decided.
Lifting of China cabotage law 'to benefit ports, lines'
Key mainland ports such as Shanghai could boost container volumes and revenues if they are allowed to let foreign carriers tranship international cargo at Chinese hub ports, according to a senior maritime executive.
ZIM to enhance Atlantic service
ZIM's ZCA service will add the port of Ashdod to its route starting in November, offering connectivity to customers in the central and southern part of the country.
FedEx to set up new
cargo hub at Pudong
FedEx Express has signed an agreement with the Shanghai Airport (Group) to establish a new international express and cargo hub in China at a cost of more than US$100 million.
Dachser ties up Wuhu Continental contract
Dachser has secured a contract with international automotive parts manufacturer Continental to provide a comprehensive range of logistics services for the company's manufacturing plant in Wuhu, Anhui Province.
Norfolk Southern Q3 profit down 27%
Norfolk Southern's third-quarter profit fell 27 percent as the railroad reported lower revenue from its two biggest segments, reported Dow Jones Newswires.
CP Rail quarterly profit up 20%
Canadian Pacific Railway's quarterly profit jumped 20 percent as efficiency improved and freight revenue rose in its first full quarter under a new chief executive who has vowed to shake up Canada's second-largest rail operator, reported Reuters.
Globe Express Services names CEO
Globe Express Services (Overseas Group), a logistics provider, has appointed Michael Hughes as president, chief executive officer, and a member of the Board of Directors, effective December 1.
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