Cathay Pacific has agreed to pay $4.4 million to settle litigation in Canada in a cargo anti-trust class action in which the carrier was a defendant.
Demand for air cargo shipments in Asia fell slightly in October on the back of continued weakness in export-import activities in the major regional economies of China, India and Japan, according to the latest data from the Association of Asia Pacific Airlines.
Six Volga-Dnepr crew members were among the 22 people killed in a terrorist raid on a hotel in the Mali capital of Bamako on Nov. 20, the Russian heavy-lift airline has announced.
Amsterdam Airport Schiphol’s cargo throughput edged closer to last year’s tonnage in the third quarter, narrowing the deficit in the year-to-date to 1.44 percent and raising the possibility of matching record volumes in 2014.
Indonesia’s Minister of Transport threw down the gauntlet to domestic air carriers, warning that if they were not able to add international routes he would offer them to foreign airlines that were knocking at the door.
The good news is that Asia’s airlines are heading for a record year, driven by first half performance momentum that carried through into the third quarter, according to Andrew Herdman, director general of the Association of Asia Pacific Airlines.
A 2 percent gain by the world's Top 50 largest transportation service providers in 2014 marked a turnaround after the group’s combined revenue slipped 0.1 percent in 2013.
The United States’ largest transportation operator is now the world’s largest transportation and logistics company.
UPS assumed the top spot on the JOC-SJ Consulting Group list of Top 50 Global Transportation Providers in terms of 2014 revenue, pushing Deutsche Post DHL to the No. 2 position. Of the Top 50, 13 companies are located in North America, 19 in Europe, 16 in the Asia-Pacific region, and one each in India and Australia.
Nippon Express Co., Japan’s largest international freight forwarder, saw its group net profit decline in the fiscal first half on the back of sluggish revenue growth and extraordinary charges.