SEATTLE's Expeditors International posted a 29 per cent year-on-year increase in second quarter operating profit to US$247
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Expeditors 2Q profit up 29pc to US$247.6 million, sales rise 27pc - Cathay Pacific Group posts US$1.2 billion loss as revenues fall 48.3pc
HONG KONG's Cathay Pacific Group posted an HK$9
- CP launches first international container trains from Saint John, NB
THE Canadian Pacific Railway has launched its international intermodal service through the Port of Saint John, New Brunwick
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Korean shipyards retake top spot in July orders!South Korean shipbuilders grabbed the No. 1 ranking in new shipping orders in July for the first time this year, beating their Chinese rivals,...
- Kerry Logistics named Most Honoured by Institutional Investor
HONG KONG's Kerry Logistics Network Limited has received the 'Most Honoured Companies' accolade in Institutional Investor's annual...
- Leading Malaysian GSA signs exclusive deal to handle IAG Cargo
ONE of Malaysia's leading air cargo general sales and service firms, ABDA Aviation Sdn Bhd, has gone into partnership with IAG Cargo, a...
- Canada's Prince Rupert gets the green light to expand terminal
DUBAI's DP World has received final regulatory approvoal to expand its Fairview container terminal at the Port of Prince Rupert in British...
- Atlas Air Q2 profit down 9.2pc US$78.9 million as revenues rise 24.3pc
ATLAS Air Worldwide Holdings suffered a 9
- Global air cargo up 8pc in July, continues to show a slow recovery
GLOBAL air cargo volumes continue to show a slow recovery, with an eight per cent increase in July, reports London's Air Cargo News, citing a...
- Air Canada blames US$1.16 billion loss on Canadian Covid restrictions
CANADIAN flag carrier Air Canada reported an operating loss of C$1
- Cotton growers in Australia hit as Chinese buyer goes belly up
AUSTRALIAN cotton producers have found their prospects plunging on news that the local arm of a major Chinese buyer has gone out of business, leaving...
- Air cargo guys say ecommerce will deliver the goods well into 2021
THE air cargo market will likely remain a bright spot for airlines well into 2021 as growth in e-commerce displaces Covid-driven shipments of...
- Volkswagen starts Ghana assembly after a ban on used car imports
GERMAN automotive giant Volkswagen has begun assembling cars in Ghana after a partial government ban on importing used cars, reports Bloomberg News
- Covid-19 scare continues to slow airlines from adding capacity
THE Covid-19 pandemic continues to hurt airlines, as the outlook for economic recovery is more pessimistic than ever, according to New York's...
- Experts say 'preighters'- all-cargo pax planes - are here to stay
THE introduction of passenger aircraft in dedicated freighter roles has been a key development during the coronavirus pandemic - one that cargo...
- Virgin Atlantic tells court it expects to run out of cash by next month
RICHARD Branson and Virgin Atlantic told a London court they will run out of money by next month unless it secures approval for a US$1
- ONE posts second quarter profit despite revenue, volume declines
JAPANESE owned but Singapore based Ocean Network Express (ONE) suffered a decline in revenue of 11
- FedEx still tops in air cargo but Qatar and Turkish are rising: IATA
FEDEX remained the world's busiest cargo airline despite volumes remaining flat year on year while Qatar moved into second place and UPS was up...
- Increased tonnage afloat will result in rate slide, says Alphaliner
SOME 313 containerships, or 1,555,959 TEU, remained laid-up as of July 20, representing 6
- MSC disputes veracity of eco lobby's analysis of its CO2 emissions
THE Mediterranean Shipping Co (MSC) says it has been falsely accused of backsliding in cutting carbon emissions, reports MarketScreener, of Annecy,...