IATA lauds US move on electronic air waybill
The International Air Transport Association (IATA) welcomed the decision by the United States Customs and Border Protection (CBP) to approve the use of the electronic master air waybill (e-AWB) for air cargo shipments to and from the US.
Aeromexico firms order for 60 737 MAXs
Boeing and Aeromexico finalised an order for 60 737 MAX 8s and 9s, with reconfirmation rights for 30 additional 737 MAXs, reported PR Newswire.
Air Berlin goes to court over airport delay
Air Berlin has asked a German court to rule on the amount of compensation it should get due to delays in opening of Berlin airport, reported Reuters.
Kenya Airways sees grim year after first-half loss
Kenya Airways expects to recover from a first-half loss but full year profits will still be less-than a quarter of last year's, hurt by the euro zone crisis and insecurity at home, the airline said. The carrier, which is 26.
AIG plans to float aircraft leasing unit
American International Group (AIG) plans to float an initial stake of at least 50 percent of its aircraft leasing unit, perhaps as early as next year if market conditions improve, reported Dow Jones Newswires.
SATS Q2 profit up 25.4% despite higher costs
Singapore's SATS, the leading provider of gateway services and food solutions in the region, managed to boost its fiscal second-quarter bottom line by 25.4 percent to US$41.
Korean ports see box volumes shrink
The number of containers at South Korea's major seaports is expected to have dropped from a year earlier in October partly due to a drop in import-export cargo, the government said, reported Yonhap news agency.
New NE rail link to boost Dandong Port
The opening of a new railway linking 13 cities in Northeast China is expected to greatly boost local economies and make Dandong one of the major ports in China, reported China Daily.
ICTSI lifts stake in Pakistan terminal to 41.6%
Philippines-based International Container Terminal Services Inc (ICTSI) has raised its stake in Pakistan International Container Terminal (PICT) to 41.6 percent as part of the company's global expansion plan, reported Dow Jones Newswires.
| | Shippers want supply/demand to dictate rates
Wrangles between exporters and shipping lines over soaring freight rates "is a war that has not ended", a senior executive representing cargo owners said.
Expeditors Q3 profit down 17% on air freight slump
Expeditors International third-quarter earnings fell 17 percent amid continuing struggles at its air freight business, masking growth in other areas, reported Dow Jones Newswires.
UPS, TNT hit bump in Europe over merger plan
European Union regulators have warned that a planned deal to create Europe's largest package-delivery company raises competition problems in almost all 27 member states, according to a person familiar with the situation, reported The Wall Street Journal.
Peugeot to sell logistics stake to Russian Railway
French carmaker PSA Peugeot Citroen has signed a contract to sell a 75 percent stake in its Gefco logistics business to Russia's state railway monopoly, reported Reuters. Peugeot confirmed a US$1.
DHL Supply Chain gets new country manager
DHL Supply Chain, a logistics solutions provider, hs appointed Kevin Burrell as the new country manager for Thailand, reported PR Newswire.
Turkish Airlines shares jump on Lufthansa tie-up talk
Official hints of an operational tie-up with Lufthansa drove a jump in Turkish Airlines' shares and left analysts speculating over the possibility of a joint venture on certain routes to Asia, reported Reuters.
Dubai World Central growth in triple figures
Dubai's second airport Dubai World Central continued to register high growth in cargo volumes in the third quarter of the year with another triple-digit increase.
IAG Cargo targets SME's through logistics MoU
IAG Cargo, the single business created following the merger of British Airways World Cargo and Iberia Cargo, today announced the signing of an MoU with Global Logistics Network (GLN), a network of 421 small- and medium-sized freight forwarders spanning
CKYH Group drops seven Med services
The Green Alliance comprising Cosco, "K" Line, Yang Ming and Hanjin Shipping, is to implement winter service adjustment on Asia- Mediterranean trade in order to cope with the seasonal market demand.
Yang Ming wants to charter 10 mega ships
Taiwan's government-owned shipping firm Yang Ming Marine Transport Corp will seek offers to charter five new container ships of 14,000 TEU each, plus an option for another five.
Port of New York and New Jersey reopens
The Port of New York and New Jersey announced that its Maher and APM Terminals in Elizabeth, New Jersey, received ships on Sunday and the Port Newark Container Terminal (PNCT) and Global Terminal in Jersey City were scheduled to open for business on
Defence Ministry asks Kochi port to scan all containers
The Defence Ministry has asked Kochi Port to scan all containers passing through the Vallarpadam Terminal, citing security reasons for the move, reported The Hindu.
German Cartel Office launches probe into Deutsche Post
The German cartel office has initiated proceedings against German logistics and mailing company Deutsche Post for allegedly hindering competition in the postal services market, reported Dow Jones Newswires.
Dachser selects Linescape's sailing schedules
Global logistics provider Dachser is integrating data feeds from Linescape, a provider of global sailing schedule, vessel and carrier information for containerships.
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