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- Edition: 1428
Headlines
Contents AAT sees slight rise in 2012 tonnage
Asia Airfreight Terminal (AAT) announced that its tonnage throughput in December 2012 was 68,252 tonnes, recording a growth of 11 percent compared with the same period last year.
Schiphol Cargo cushions impact of weak markets
Amsterdam Airport Schiphol finished 2012 with its strongest quarter for cargo, and resilience in most markets largely overcame continuing softness in traffic to and from Asia and the USA.
Snow hits London and Paris flights
London's Heathrow Airport cancelled a fifth of flights on Sunday and airlines scrapped 40 percent of flights to Paris's main airports as snow blanketed parts of Europe, reported Reuters.
Manchester Airports Group buys Stansted
Manchester Airports Group (MAG) has agreed to buy London's Stansted airport from Heathrow Airport Holdings for US$2.4 billion.
Air Berlin staff may have to forego part of wages
Air Berlin employees may face wage cuts over the next two years as part of the carrier's turnaround programme, German weekly magazine Der Spiegel reported without naming the source of the information.
Dreamliner battery didn't exceed designed voltage
The National Transportation Safety Board added a new twist to the high-profile probes of electrical malfunctions aboard a pair of Boeing Co's 787 airliners by disclosing that the battery which caught fire on a parked Japan Airlines jet earlier this
White sugar exporters switch to boxes
The white sugar market is increasingly switching to containers for shipment because they are cheaper and more flexible than conventional bulk vessels, reported Reuters. Cargill's former sugar head is setting up a venture to exploit this niche trade.
CSCL expects net profit of 83.7m for 2012
China Shipping Container Lines (CSCL) expects to post a net profit of US$83.7 million for 2012 as the container shipping market improved, reported Reuters. This compared with a net loss of $440.22 million in 2011, the company said in a statement.
SingPost buying 62.5% of freight forwarding firm
Singapore Post (SingPost) is buying a majority stake in a freight-forwarding company for US$48.79 million to help grow its logistics business, reported Business Times Singapore. Following the acquisition, SingPost will hold a 62.
| | European Commission refused to grant UPS extra time
The European Commission refused to provide United Parcel Service (UPS) with more time to resolve anti-trust concerns about its proposed acquisition of TNT Express, after it raised concerns about the viability of the proposed purchaser of the remedy
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