DELTA Air Lines Inc says it will reduce its daily cash burn by half by the end of June amid a collapse in travel demand
- Delta Air aims 50pc cut in daily cash burn by end-June
- EUROGATE Intermodal starts Bremerhaven to Frankfurt/Main rail service
EUROGATE Intermodal (EGIM) has launched a direct rail service between the container terminals Bremerhaven-Nordhafen and the inland terminal Deutsche...
- American Airlines boosts services to ship critical goods
AMERICAN Airlines is expanding its cargo-only operation this month to provide more than three million kilogrammes of capacity to transport critical...
- OOIL sails through Covid-19 with Q1 sales up 5.5pc and volume down slightly
ORIENT Overseas International Line (OOIL), the parent company of Orient Overseas Container Line (OOCL) and a subsidiary of Cosco, has announced that...
- Global container shipments set to fall 30pc in next few months
BURSTING import warehouses are putting pressure on ocean carriers to slow deliveries, which is expected to reduce container shipments 30 per cent in...
- China says pilot zones for cross-border e-commerce will revive trade
CHINA will build 46 new pilot zones for cross-border e-commerce around the country to help revive its pandemic-hit foreign trade, the State...
- Coronavirus prompts retailers to scrap US$1.5 billion of Bangladesh orders
EUROPEAN and American buyers including Primark, the budget fashion chain owned by Associated British Foods, have cancelled about US$1
- US airlines fear travel ban; Canadian carriers seek state aid
THERE is talk among airline analysts and industry experts that the US government may close all airspace to passenger carriers shortly, permitting...
- Virus impacting Scotland's salmon exports as air cargo supply shrinks
THE controls that have been imposed in various markets to mitigate the effects of the coronavirus have made it difficult for some of Scotland's...
- Singapore box volumes up 5.8pc in February to 2.9 million TEU
THE Port of Singapore reported a 5
- US pork exports to China fall to lowest ebb: US Department of Agriculture
US export sales of pork to China hit their lowest on record in the week ended March 5 even as access to ports improved in the world's top...
- South Africa pours US$1.1b into insolvent South Africa Airways as bailout
SOUTH AFRICA has doubled the level of funding for its national airline to ZAR16
- Alstom to acquire rail unit of Bombardier for up to US$6.7b
FRENCH train maker Alstom SA agreed to buy the rail unit of Bombardier Inc
- Air Canada's net profit up 298pc to US$1.09 billion as sales rise 5.5pc
AIR CANADA posted a 298 per cent year-on-year increase in net profit to C$1
- Digital bookings for cargo increases, but sales agents are still needed
DIGITALIZATION of the cargo sales and booking process is growing in popularity among carriers, judging by the success of online booking platforms...
- Euroseas widens 2016 loss to US$1.7m, but sales rise 16.3pc to $40m
ATHENS-BASED short-sea operator Euroseas widened an annual net loss to US$1
- Cathay flies 151,964 tonnes of cargo and mail in January, down 8.9pc
CATHAY Pacific and Cathay Dragon transported a combined 151,964 tonnes of cargo and mail in January, representing a year-on-year decrease of 8
- Dreamlifts no longer acting as a GSA for Antonov Airlines
DREAMLIFTS Ltd will no longer serve as the worldwide general sales agent (GSA) for Antonov Airlines after the companies failed to reach an...
- Trainmaker Alstom in talks for US$7 billion buyout of Bombardier unit
FRENCH train maker Alstom confirmed it's in talks to acquire the rail business of embattled Canadian train and plane maker Bombardier, the...
- Freighter conversions all the rage as Boeing wins small aircraft orders
US aircraft manufacturer Boeing Co failed to win any orders for commercial aircraft in January for the first time in over half a century