No engine failure or fire before UPS plane crash
Federal investigators found no evidence that a UPS cargo jet suffered engine failure or was burning before it clipped trees at the end of a runway and slammed into a hillside, killing the two pilots, reported Associated Press Newswires.
Air Berlin to sell 11 planes to Minsheng to reduce debt
Air Berlin has agreed to sell 11 aircraft to a subsidiary of China's Minsheng Financial Leasing to reduce debt, reported Dow Jones Newswires.
Judge declines to approve AMR restructuring
A US bankruptcy judge has held off approval of a restructuring plan for American Airlines, citing a US government challenge this week to the airline's proposed merger with US Airways, reported Reuters.
El Al post Q2 profit as revenue rises
El Al Israel Airlines posted a profit in the second quarter as revenue rose despite increased competition from foreign carriers, reported Reuters. The airline said it earned US$3.7 million in the April-June quarter versus a $6.
Maersk Group Q2 profit
better than expected
Danish conglomerate A P Moller-Maersk upgraded its full-year earnings forecast as it posted better-than-expected second-quarter profit, helped by lower costs in its shipping unit.
Access road for Manila ports seen by 2016
An access road to connect the three main ports of Manila will likely be built in 2016, a Philippine Ports Authority (PPA) official said, reported BusinessWorld.
ICTSI raises fund facility to $1b
Port operator International Container Terminal Services Inc (ICTSI) plans to raise more money, by increasing an existing facility by a third to US$1 billion, reported BusinessWorld.
Brazil Port must focus on road access, says Maersk
Rather than spending billions of dollars to build new facilities, Brazil could double capacity at its inefficient ports by cutting back on bureaucracy and improving road access to terminals, said the head of Brazil operations at Danish shipping giant A P
Weak trade figures persist at LA port
Cargo volume handled by Los Angeles in July totalled 715,640 TEUs, making it the busiest month of the year, although still almost two percent behind the same month last year. Imports edged downward by 0.
| | Hankyu rolls out Kewill forwarding solution in UK
Hankyu Hanshin Express is planning to roll out Kewill's freight forwarding software solution across its operations in the UK.
Trade Tech works with Japan forwarders on 24-hour rule
Trade Tech, a global supplier of cloud-based solutions for the logistics industry, is working with Japan International Freight Forwarders Association (JIFFA) to conduct a series of informational seminars on Japan's new 24-Hour Rule that comes into effect
BDP forms joint venture with Sweden's Polar Logistics
BDP International (BDP), a privately owned global logistics and transportation solutions company, has taken a majority equity position in Sweden's Polar Logistics, a member of its global network.
CEVA signs up for paperless IATA air freight
CEVA Logistics today announced that it is among the first freight management companies to sign up to electronic air way billing (e-AWB) with the International Air Transport Association (IATA).
Kuehne + Nagel appoints new CEO
Global transportation and logistics company Kuehne + Nagel has appointed Detlef Trefzger as new chief executive, reported Dow Jones Newswires.
UPS cargo plane crashes in Alabama
A United Parcel Service (UPS) cargo plane crashed early Wednesday morning near the local airport in Birmingham, Alabama, killing the pilot and co-pilot, according to a spokesman for UPS, reported Dow Jones Newswires.
AIG extends deadline on sale of leasing unit
American International Group (AIG) has set an internal deadline of September for a Chinese consortium to come up with the money to close the delayed US$4.
IAG secures orders for 220 A320 aircraft
International Consolidated Airlines Group (IAG) has secured orders and options for up to 220 of Airbus A320 family short-haul aircraft, allowing the company's Barcelona-based airline, Vueling, to replace some of its existing fleet and expand its
US carriers vow to fight
lawsuit blocking merger
A day after the US Justice Department sued American Airlines and US Airways to block their planned merger, the airlines' anti-trust lawyers fired back, saying the regulators "got this one wrong, very wrong," and vowed to fight for the combination.
Air Berlin narrows Q2 loss
German carrier Air Berlin narrowed its after-tax loss in the second quarter, while the muted economic environment makes reaching its full-year targets more challenging, reported Dow Jones Newswires.
Grounded Kingfisher Airlines posts further $189m loss
Cash-strapped Indian carrier Kingfisher Airlines, which has been grounded for nearly 10 months, reported yet another quarterly loss, with no income from operations and creditors seeking to sell off assets, reported Reuters.
GLP Q1 profit up 33% on revaluation gains
Boosted by revaluation gains, Global Logistic Properties (GLP) reported higher earnings for its fiscal first quarter despite a fall in revenue, reported Business Times Singapore.
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