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- Edition: 1487
Headlines
Contents MAS may float Firefly
Malaysia Airlines (MAS) may sell Firefly shares to the public to raise capital in order to help expand the six-year-old subsidiary's business, reported Business Times Malaysia.
Dreamliner fire jolts Boeing
An empty, parked Boeing 787 Dreamliner operated by Ethiopian Airlines caught fire at London's Heathrow Airport on Friday, temporarily shutting down the European gateway's two runways, reported Chicago Tribune.
US Airways shareholders approve merger with American
US Airways shareholders approved the carrier's plan to merge with AMR Corp's American Airlines, clearing another hurdle to the deal that would create the world's largest carrier, reported Reuters. Of nearly 132.8 million shares voted, 132.
Cathay June cargo traffic falls 4.3%
Cathay Pacific Airways freight traffic fell 4.3 percent year-on-year in June, dropping for a fifth straight month as global demand remained soft, reported Reuters. Passenger numbers and load factor in June rose 2.
Japan, China, Korea to start box tracking in 2014
Japan, China and South Korea will launch an online cargo tracking system by the end of March 2014 that will allow exporters and importers to track their cargos at major ports, according to Nikkei Report.
FedEx expands facility at Beijing airport
FedEx Express has expanded its operations facility at Beijing Capital International Airport in order to increase its handling capacity for international shipments and meet growing customer demand for inbound and outbound shipment services in northern
Kerry expands Latin footprint with acquisition
Kerry Logistics, a logistics service provider, announced the acquisition of a majority stake in Braservice, a Brazil-based logistics and Customs brokerage company, with a domestic network of 17 offices throughout the country, including Sao Paulo, Rio de
UPS warning as customers turn to cheaper options
United Parcel Service issued a profit warning as customers continue to trade down to slower and cheaper shipping options, reported Dow Jones Newswires. While the trend is clear, less so is whether it will reverse were the global economy to pick up.
K + N first half profit up 35%
Kuehne + Nagel Group International posted a 35 percent increase in net earnings in the six months through June as its efficiency measures bore fruit, reported Dow Jones Newswires. First-half net earnings amounted to US$304.
| | Ruscon launches train from Ust-Luga for Volkswagen parts
Ruscon, one of Russia's leading container transport operators, has launched a new block train from Ust-Luga port to Nizhniy Novgorod to supply the Volkswagen assembly plant located there.
US retailers keep inventories low
Stung by leftover inventory because of a wet, cold spring and unsure about consumer spending, many US retailers are ordering conservatively for the second busiest selling season of the year behind the end of the year holiday period, according to
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