KLM traffic falls in March – effects of US economic slowdown
KLM, the Dutch airline, on Thursday became the first European carrier to register the effects of the US economic slowdown when it revealed a fall in traffic in March.
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United Parcel Service signed a letter of intent with the Philippine government
United Parcel Service signed a letter of intent with the Philippine government Thursday to establish an intra-Asia hub in the island nation.
Read MoreCargo Airlines Escalate Opposition to New Pact Between U.S. Postal Service and Federal Express
On the eve of a House Government Reform Committee hearing on Postal Service performance, executives of three airfreight carriers announced that their companies will step up opposition to an unprecedented agreement between the U.S. Postal Service and Federal Express.
Read MoreStruggling SAirGroup unveils restructuring plans
SAirGroup, the parent of Swissair, unveiled the first raft of measures on Monday, including the disposal of some non-core assets, aimed at shoring up the company after its airline investments brought it to the brink of collapse
Read MoreBoxing in Express: Trends analysis
The future has arrived at the air express industry and it’s come packaged in a box. In sorting hubs around the United States, the express operators that built businesses by getting premium prices to ship letters and documents overnight in standardized envelopes are seeing growth in that lucrative trade crumble under the weight of electronic communications. In a world becoming accustomed to the instant transfer of material anywhere, overnight delivery doesn’t look so fast anymore and the express carriers are adjusting in ways that promise to have an impact across a world of companies that delivery goods by air.
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