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- Edition: 1465
Headlines
Contents Air Berlin posts wider Q1 EBIT loss
Germany's second biggest carrier, Air Berlin, posted a first quarter loss before interest and tax (EBIT) of US$244.51 million, reported Reuters.
LATAM Airlines Q1 profit down by nearly half
LATAM Airlines' first-quarter net profit skidded to US$42.7 million, or nearly half of a year earlier, on foreign exchange fluctuations, a drop in cargo revenue and the grounding of its three Dreamliners, reported Reuters.
Turkish Airlines workers go on strike
Turkish Airlines employees went on strike on Wednesday in a dispute over pay and the reinstatement of sacked workers, but the company said its operations were continuing as planned with planes leaving on time, reported Reuters.
AA, US Airways' unions form pact
Two big unions announced a pact to jointly represent 30,000 airline workers at soon-to-be-merged US Airways and American Airlines parent AMR Corp and a third union is trying to capture many of the same workers, reported Dow Jones Newswires.
ICTSI Raises $200m from share placement
International Container Terminal Services Inc (ICTSI) has raised US$200 million from an overnight private placement of shares to international investors, reported Dow Jones Newswires.
$200m one-time gain
puts NOL in the black
Neptune Orient Lines (NOL) posted a US$76 million net profit for the first quarter of 2013, thanks to a one-time gain of $200 million from the sale of the NOL headquarters building in Singapore.
INTTRA, APL ink e-commerce deal
INTTRA, the world's largest multi-carrier network for ocean shipping, and global ocean carrier APL today announced an expanded relationship that enables INTTRA to play a leading role in delivering e-commerce capabilities to APL and its customers.
DB Schenker to run new BMW warehouse
To guarantee seamless distribution of spare parts and to improve the overall service quality, BMW has entrusted DB Schenker with the operation of a new warehouse on Japan's main island of Honshu.
US imports head for summer slowdown
Import volume at major US retail container ports is expected to increase just over three percent in May over the same month last year but growth could trickle to a standstill by the end of the summer.
| | CWT posts modest rise in Q1 profit
Commodities logistics company CWT reported a first-quarter net profit of US$21.69 million for the three months ended March 31, up two percent from a year ago, reported Business Times Singapore. Revenue rose 39 per cent to $1.
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