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- Edition: 1511
Headlines
Contents Mayor has not given up on Chicago airport deal
A day after calling an abrupt halt to a bidding process for privatisation of Midway Airport, Chicago Mayor Rahm Emanuel sent signals that he still would like to pursue a deal in the future, reported Reuters.
United Continental gets nod to fly to Chengdu
The US Department of Transportation has approved an application by United Continental to begin non-stop flights next June from San Francisco to Chengdu, China's fourth-largest city and one of the fastest-growing with more than 200 Fortune 500 companies
Qantas freezes top execs' base pay
Qantas Airways has frozen the base pay for chief executive Alan Joyce, chairman Leigh Clifford and other senior executives and middle managers across its business as a result of a "challenging operating environment", reported The Australian Financial
Mega alliance brings sea change in industry
The shipping industry looks set for a shake-up next year as minor players seek to consolidate or strengthen co-operative agreements in response to the formation of a mega alliance by the world's three largest lines.
UTi swings to Q2 loss as revenue slips
UTi Worldwide posted a loss for a third consecutive period as revenue declined in both the air freight and ocean freight forwarding segments in the fiscal second quarter, reported Dow Jones Newswires.
DHL raises stake in Latin America
Seeing new opportunities in Latin American trade, DHL Express is raising its stake in the region, reported The Miami Herald.
Texas Instruments opens robot-operated warehouse
Semiconductor giant Texas Instruments (TI) has opened a warehouse in Changi, which has been fitted with a new automated storage system, reported Straits Times.
Shanghai may offer tax benefits in FTZ
Shanghai may offer tax advantages to companies who operate in its free trade zone (FTZ) the official Shanghai Securities News reported, as leaks of potential reforms and industrial policies in the zone fan stock market speculation.
Veolia executive to join Air France as CFO
Air France said Pierre-François Riolacci, the current chief financial officer of Veolia Environnement, will join the airline to carry out the same role sometime before the end of the year, reported Reuters.
| | APM Terminals Apapa gets interim MD
Andrew Dawes has been appointed as the interim managing director of APM Terminals Apapa.
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