American Airlines fixes computer glitch but delays continue
American Airlines said it has resolved computer problems that forced the carrier to cancel or delay at least 1,300 flights on Tuesday, though it warned disruptions would continue through the evening as staff repositioned to handle services, reported Dow
AMR shareholders could get $1.3b under Chapter 11 plan
AMR Corp, the parent company of American Airlines, said its shareholders can expect to recover about US$1.
EADS share buyback gets underway
EADS, the parent of Airbus, bought 1.
HK dock contractor
sweetens pay offer
Tensions over a dockers' strike went down a notch yesterday as one of the contractor employers made several concessions, but no consensus has been reached yet.
Mitsui to buy Latvian port facilities operator
Mitsui & Co will acquire the facilities operator at Latvia's largest port, the capital city of Riga, which is becoming an important transhipment hub for cargo bound for Russia and Central Asia, according to Nikkei Report.
K + N to open office in Mobile
More questions than answers surround Mobile's newest corporate citizen, but Mobile Mayor Sam Jones said landing an international company with more than 63,000 employees at 1,000 locations in more than 100 countries should suffice for now, reported Al.com.
CSX first quarter profit up on lower expenses
CSX Corp's first-quarter earnings rose 2.2 percent as the railroad company reduced its expenses amid roughly flat revenue, reported Dow Jones Newswires.
EasyJet names Next boss as chairman
British airline easyJet has named John Barton, the chairman of fashion retailer Next, as its next chairman, reported Reuters. The FTSE-100 low-cost airline said Barton would replace Mike Rake on May 1, when Rake will step down from the role.
Polar Air Cargo to start non-stop Cincinnati-Tokyo service
Polar Air Cargo confirmed its plans to initiate daily non-stop 747-400 express freighter service between Cincinnati, Ohio, and Tokyo, Japan, by the end of April, reported BusinessWire.
| | Fund to acquire 47% of Israel's El Al Airlines
The FIMI fund agreed to invest up to US$75 million in El Al Israel Airlines in return for up to 47 percent of the flag carrier, Israel's largest private investment fund said.
Hochtief gets bids for airport unit
German builder Hochtief , controlled by Spain's ACS, has received bids for its airport unit, two people with knowledge of the matter said, reported Reuters.
American CEO to get $19.5m if he loses job in merger
US Airways CEO Doug Parker will receive an estimated US$19.5 million in pay if he loses his job during the merger of US Air and American Airlines, the companies said.
TSA, WTSA merger approved
The Federal Maritime Commission in the United States has approved the merger of two container line lobby groups that together control most of the containerised cargo shipped between Asia and America, reported the South China Morning Post.
Imports down at LA, Long Beach ports
Imports to the ports of Los Angeles and Long Beach fell in March, partly because of the Lunar New Year holiday, which slows production – and exports – in many Asian countries, reported the Los Angeles Times.
Striking workers warn of bomb-like action
Striking Hong Kong dockworkers vowed action with the effect of a "nuclear bomb" if talks with contractors in the dispute over their pay and conditions break down today.
Evergreen to upgrade Asia-South America service
Evergreen Line will join forces with Cosco and ZIM in order to upgrade the fleet operating its Far East- South America Service (ESA).
Wan Hai to resume Asia-Latin service
Next month Wan Hai Lines will resume its Asia to West Coast of South America service via partnership with PIL, EMC and Coscon. Last year, WHL's standalone service was suspended due to winter season plan.
Vietnam starts building Haiphong port project
Vietnam's Prime Minister Nguyen Tan Dung yesterday launched an order to start the construction of the international gateway port in the northern city of Haiphong after nine years of preparation, reported Vietnam News Brief Service.
K + N first quarter sales edge up
Kuehne & Nagel International reported a five percent increase in first-quarter sales despite difficult market conditions, and said it expects growth this year to come outside of Western Europe. Turnover in the three months through March increased 5.
DHL Express names CFO
DHL, leading logistics company, has appointed Dennis Tan as the chief financial officer for DHL Express, Asia Pacific, reported PR Newswire.
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