SWISS nine months operating profit down 36%
Swiss International Air Lines reported an operating profit of US$198.5 million for the first nine months of 2012, a 36 percent decline on the same period last year. An operating profit of $133.
Russian leasing firm to buy 35 MAX
Boeing is selling 35 of its redesigned 737 aircraft to a Russian state-run leasing company in a deal that would be worth US$3 billion, if sold at current list prices, reported Associated Press Newswires.
Top China airlines see profits fall in Q3
China's top three airlines posted declines in third-quarter profit as softening growth in air travel demand amid the global economic downturn and foreign exchange losses weighed on their profitability, reported Dow Jones Newswires.
Cargo operators assess damage from storm Sandy
As rail, transit, airline and port workers dug through debris, dealt with power outages and assessed damage on Tuesday, one thing became increasingly clear: Restoring full transportation could take some time, reported Reuters.
Schiphol throughput swings towards exports
Amsterdam Airport Schiphol recorded its best quarter of the year from July to September, although the 373,988 tonnes handled were still 1.8 percent behind the same period last year.
Dubai September tonnage sets record
Freight volume totalled 193,261 tonnes in September at Dubai International Airport, an increase of 9.1 per cent over 177,128 tonnes from a year earlier – the highest monthly increase since October 2010, reported Reuters.
Chapman Freeborn helps in Hanoi medical airlift
Chapman Freeborn Airchartering, in association with the St Anthony Health Foundation and Catholic Health Initiatives (CHI), transported more than 50 tonnes of medical equipment from Denver to Hanoi.
China Airlines nine-month profit nearly double
China Airlines posted a net profit of US$13.12 million for the January-September period, near;y double from that a year ago, reported Dow Jones Newswires. In 2011, it reported a net profit of $7.33 million for the nine-month period.
Air France seeks compensation for A380 problems
Air France is seeking compensation from European commercial aircraft builder Airbus for a series of technical problems that have and will keep some of its eight A380 superjumbos out of service, entailing lost revenue, reported Dow Jones Newswires.
| | Etihad orders two Airbus planes for $418m
Etihad Airways, the national airline of the United Arab Emirates, has ordered two additional Airbus A330-200 passenger aircraft in a deal valued at US$418 million at current list prices, reported Dow Jones Newswires.
New service for Shekou terminal
Shekou Container Terminals (SCT) welcomed a new service CIX3 (China India Express 3) on October 29, which was jointly launched by OOCL, RCL and Hamburg Sud.
Carriers hold firm in transpac contract talks
Asia-US container lines are resisting downward pressure on rates from customers in the early days of their 2013-14 contract negotiations.
Gothenburg Port sees rise in box throughput
The Swedish Port of Gothenburg saw a four percent increase in container traffic in the third quarter of 2012, while there was a decline of four percent decline in roll-on/roll-off (ro-ro) traffic, reported SeeNews Shipping.
OOCL to charge for potential US port congestion
Hong Kong-based box carrier Orient Overseas Container Line (OOCL) will impose a port congestion surcharge (PCS) for shipments moving to or from the US on December 29, due to potential labour unrest, reported SeeNews Shipping.
Box business narrows China Cosco losses
Shipping giant China Cosco's third-quarter loss arrowed to US$243 million from $331.45 million a year earlier, mainly because of increasing volumes and revenue in the company's container shipping business.
UPS expects to deliver 527m packages during holidays
United Parcel Service Inc.
CMA CGM selects CargoWise system
Logistics technology solutions provider CargoWise announced that CMA CGM Logistics, a division of steamship carrier CMA CGM, has selected a hosted version of ediEnterprise from CargoWise to support its US operations.
Singapore Airlines to buy Virgin stake
Singapore Airlines will buy a 10 percent stake in Virgin Australia Holdings for US$108 million, stepping up its competition with rival Qantas Airways in the lucrative Australian market, reported Reuters.
Sinotrans signs up to INTTRA network
INTTRA, the world's largest ocean shipping network, announced today that Sinotrans Ltd has expanded the scope of its partnership by joining the INTTRA NVOCC network.
Cargo transport hit as
hurricane Sandy strikes
Transportation ground to a halt along the US Northeast coast yesterday, as hurricane Sandy prompted closure of air, ship, rail and even highway service.
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