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- Edition: 1488
Headlines
Contents Cathay loses out as cargo
demand dwindles
Cathay Pacific Airways has lost market share on European cargo routes as freight rates sink on weak demand from the troubled euro zone.
Etihad lifts stake in Virgin Australia
Etihad Airways has moved to increase its stake in Virgin Australia and declared it is prepared to buy more shares if the price is right, setting the scene for more activity on the Australian carrier's crowded share register, which already includes some
CSX second quarter profit edges up
CSX Corp's second-quarter earnings rose 4.5 percent as the railroad company's increase in merchandise and intermodal shipments more than offset lower coal volume, reported Dow Jones Newswires.
Chapman Freeborn, Swiss WorldCargo in new deal
Chapman Freeborn and Swiss WorldCargo have forged a new strategic partnership to further enhance their offerings in the cargo market.
Southampton digging deep
for megaships
Associated British Ports has agreed a US$104.2 million loan with the European Investment Bank to partly finance improvements at Southampton's container terminal so it can handle larger container ships.
XPO Logistics to buy 3PD for $365m
XPO Logistics has agreed to buy 3PD for about US$365 million in cash and stock, a move the transportation logistics services firm says furthers its strategy for growth in transportation logistics.
New e-commerce strategies threaten UPS, FedEx
UPS and FedEx might be worried about international shipments to slowing economies like China, but perhaps they should be more concerned about what's going on in their own back yards, reported Reuters.
DHL opens distribution centre in Chile
DHL Express Chile inaugurated a new headquarters and state-of-the-art distribution centre in Chile, the company's most modern in Latin America.
Australian-flavoured forwarding pays off for AWA in US
American Worldwide Agencies (AWA), a connected, global network of freight forwarders and agents dedicated to providing US international shippers with the right transportation at the right rate, announced that it has grown by 260 percent since launching
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