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- Edition: 1509
Headlines
Contents China Southern launches express transhipment service
China Southern Airlines has launched an express service for international build-up transhipment (Equation UTS).
Leg-up for Jet-Etihad deal as air pact approved
In a move that is likely to give a boost to Etihad Airways' acquisition of a 24 percent stake in Jet Airways, the Cabinet gave its nod to the bilateral air services agreement (ASA) between India and Abu Dhabi.
SAS on track for full-year profit
Scandinavian airline SAS said it was on track to make a profit for its fiscal year 2012/13 after inking a pre-tax profit of US$169.25 million for the third quarter, reported Reuters.
Qantas cancels deal to lease B747 freighter
Qantas Freight has decided against leasing a Boeing 747-ERF freighter as the global air cargo business continues to challenge the airline industry.
Brazil court orders Gol to rehire 850 Webjet employees
A Rio de Janeiro court has ordered Brazilian airline Gol to rehire 850 employees of Webjet, a former competitor it acquired and then shut down in 2012, reported Reuters.
Norwegian Air launches new routes between Nordics, US
Airline Norwegian Air Shuttle is launching a list of new routes between the Nordic region and the US in a bid to increase its presence in the long-haul business, reported Dow Jones Newswires.
Evergreen slaps GRI on transatlantic cargo
Evergreen Line has announced a transatlantic general rate increase (GRI) on all commodities both eastbound and westbound.
A R T Logistics boosts Europe-Mongolia trucking service
A R T Logistics, a project logistics company focused on Central Asia, Russia and the CIS, has increased its less-than-truckload (LTL) service connecting Europe to Mongolia to three times a month using three trucks.
Little turns back on Toll board
Toll Holdings' former boss Paul Little has walked away from plans to rejoin the transport company's board due to "other commitments", including being chairman of embattled AFL club Essendon, reported The Sydney Morning Herald.
| | Carriers optimistic with uptick in freight traffic
The 1.2 percent rise in global freight tonne kilometers (FTKs) in July year-on-year, slightly better than the 0.9 percent year-on-year increase recorded in June, raised hopes of carriers.
Lufthansa to cut retirement benefits
German airline Deutsche Lufthansa said it would cancel its retirement-pension agreements starting at the beginning of next year since the previously negotiated retirement payments are clearly higher than market interest rates, reported Dow Jones
"K" Line to invest in next generation car carriers
Kawasaki Kisen Kaisha ("K" Line) and shipbuilding companies have reached agreements to build four next generation car carriers.
Shippers brace for more Suez turmoil
An attack by assailants on a container ship in the Suez Canal has heightened risks for merchant shipping using the vital waterway, with further threats considered likely as political turmoil continues in Egypt.
New service links Indian east, west coasts via Kochi
Connectivity between major ports in the East and West coasts linking ICTT Vallarpadam has become a reality with the starting of a coastal container service, reported The Hindu.
Hansa sets record with reactors and barges
Hansa Heavy Lift has set a new record with the delivery into Russia of its heaviest cargo since the company's launch in 2011.
Fraport CEO gets five-year extension
German airport operator Fraport said the supervisory board has approved a five-year contract extension for chief executive Stefan Schulte, reported Dow Jones Newswires.
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