Tag: Air Transport

Shanghai Airlines to build global cargo network

Posted by | Nov 1, 2006 | |

Shanghai Airlines Cargo International Co., Ltd., the cargo venture of Shanghai Airlines Co., Ltd., started to make a profit of more than CNY 2 million in September after coming into production in July.

The venture, jointly set up by China’s first commercial airline and Sino Prime Ltd. and Juniper Estate BV, two subsidiaries of Taiwan’s EVA Airways Corp., is predicted to see its profit grow sharply in October.

Shanghai Airlines Cargo International Co. got one MD-11 all-cargo plane and two Boeing 757 freighters from Shanghai Airlines, who holds a 55% stake in the venture. In late July, it introduced one Boeing 747 freighter.

It has captured an 11% share in the air cargo market in Shanghai, the country’s economic center, only three months after its inception. Within the year, it will also buy one MD-11 freighter, making it own five large-sized all-cargo aircraft merely half a year after its establishment.

Shanghai Airlines Cargo International Co. has launched routes to Los Angeles, Frankfort, Singapore, Bangkok, Osaka, Bombay, Macao, Hong Kong, and so forth, laying solid foundation for it to make a profit.

Read More

UPS says evaluating Airbus A380 orders

Posted by | Oct 30, 2006 | |

United Parcel Service Inc., the world’s largest package delivery company, has set up a team to evaluate its multi-billion dollar purchase of Airbus A380 freighters, saying all options remain open.

The move, announced in a conference call with analysts on Thursday, and confirmed by the company on Friday, is a further sign of doubt among Airbus customers over the A380 superjumbo, which is now two years behind schedule.
On October 4 Airbus — majority owned by European aerospace group EADS announced a third delay to A380 production due to problems with the plane’s wiring.

The announcement caused airlines around the world to review their purchase plans for what will be the world’s largest commercial plane, although none has yet canceled orders.

UPS, whose freighter fleet makes it the world’s eighth-largest airline, has 10 A380s on order, worth more than USD2.5 billion, with an option to buy 10 more.

Read More

TNT decides to divest Freight Management business unit

Posted by | Oct 30, 2006 | |

Peter Bakker, CEO of TNT, stated: “the business unit as such is in excellent shape, however, as we are focusing on the growth opportunities in our core Mail and Express network distribution activities, our Freight Management business unit would benefit from a different corporate environment. Our initial exploration has identified strong interest in this business.”
TNT Freight Management is a freight forwarding business using air and sea transportation and originates from Wilson Logistics which was acquired by TNT in 2004. The business unit employs 2,300 people, operating from 126 offices in 28 countries with a significant presence in the Nordic region. The business unit represents approximately euro 800 million in annual revenues.

Read More

TI Logistics Briefing & News: K+N continues to expand across all sectors

Posted by | Oct 30, 2006 | |

Swiss based logistics group Kuehne + Nagel has released its results for the first nine months of 2006. Turnover increased 31.8 per cent to CHF 13,289 million (*8,362m). Its operating profit (EBITDA) improved 53.1 per cent to CHF 611 million (*384m).

According to management, business performance during the period was characterised by strong growth in sea and airfreight particularly in the third quarter, as well as business expansions in contract logistics and overland operations as a result of the integration of recent acquisitions.

Seafreight activities recorded a 19 per cent rise in volumes due to a growth in container volumes on all trade lanes. The company put a 4.2 per cent EBITDA margin, up from 3.5 per cent, down to productivity improvements through intensified electronic data exchange with customers and shipping lines as well as stringent cost management. The operational result rose 36.8 per cent year-on-year.

Following a strong third quarter, Kuehne + Nagel’s airfreight business recorded an 11 per cent increase in tonnage. Despite pressure on prices due to what management described as the highly competitive market and lower rates, Kuehne + Nagel maintained a stable EBITDA margin at 4.5 per cent and improved its operational result by 15.3 per cent.

Read More

Philippine Airlines (PAL) says it is considering acquiring at least eight wide-bodied aircraft

Posted by | Oct 20, 2006 | |

Philippine Airlines (PAL) says it is considering acquiring at least eight wide-bodied aircraft expand its routes to the United States and Canada and to return to Europe after an absence of about a decade. The airline may spend up to USD 200 million for each aircraft to be acquired, Chairman Lucio Tan said.

PAL President, Jaime Bautista, said they had not yet decided whether to order the additional aircraft from Airbus or Boeing. “The planes will arrive between 2008 and 2009. We’re looking at flying to California and we’re also (looking at reviving flights) to Europe,” Bautista said. The airline is in the final phase of talks with three European export credit agencies to secure a loan of up to USD 600 million to fund its re-fleeting programme. This expansion is on top of the 20 narrow-bodied Airbus planes that PAL is set to acquire, starting this year, for more than USD 840 million.PAL has already unveiled the first of its A319s, which it plans to use for domestic and regional flights. www.philippineairlines.com

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest