Electrolux Professional, a world leading supplier of professional food service and laundry equipment, has renewed and broadened its Italian distribution contract with CEVA Logistics, the latterannounced recently. Netherlands-based CEVA Logistics said the contract renewal would extend the transportation services provided to cover the whole of Italy, in addition to collection and direct delivery services to the end customer. The agreement also entailed all other standard warehouse activities … [Read more...] about Electrolux extends Italian contract with CEVA
Americas : Boeing strike deadlock more bad news
Airlines waiting for Boeing aircraft deliveries have no immediate hope in sight as the strike at the US planemaker’s Everett assembly plant near Seattleappears no closer to a resolution. This follows the adjournment of a second round of mediated talks between Boeing and the International Association of Machinists and Aerospace Workers, which ended without agreement. About 27,000 Boeing workers in Washington, Oregon and Kansas have been on strike since September 6. “In light of … [Read more...] about Americas : Boeing strike deadlock more bad news
Americas : Delta also slides into the red
US carrier Delta – which is set to become the world’s biggest airline by traffic when the Northwest deal is completed – has reported a net loss of US$50 million for this year’s third quarter, compared to a profit of $220 million in the same period last year. The latest quarter results included special charges totalling US$24 million, comprising a US$14 million charge for early termination fees under contract carrier arrangements, US$7 million in merger-related … [Read more...] about Americas : Delta also slides into the red
Americas : Northwest blames loss on fuel hedges
Northwest Airlines reported a thirdquarter net loss of US$317 million, reversed from a US$244 million profit a year earlier, citing a US$410 million noncash charge related to fuel hedging as the reason. Third-quarter revenue rose 12.4 per cent to US$3.8 billion while expenses increased 37.5 per cent to US$4.01 billion, producing an operating loss of US$216 million, reversed from an operating profit of US$459 million in the same period a year earlier. Excluding the hedging loss resulting … [Read more...] about Americas : Northwest blames loss on fuel hedges
Americas : Continental slides into the red, defers deliveries
Continental Airlines yesterday reported a third-quarter net loss of US$236 million, reversed from a US$241 million profit a year earlier. The carrier also announced that it has pushed back delivery of 18 aircraft scheduled to arrive over the next two years. CO’s third-quarter revenue increased 8.8 per cent year-over-year to US$4.2 billion while expenses jumped 21.7 per cent to US$4.3 billion including a 67.7 per cent leap in fuel costs to US$1.5 billion, producing an operating loss of … [Read more...] about Americas : Continental slides into the red, defers deliveries
Americas : Extraordinary gains save American
Juxtaposed against loses at its US counterparts, American Airlines posted a third-quarter profit of US$45 million thanks to extraordinary gains that held back the flood of red ink. The Fort Worth, Texas-based airline’s income was buoyed by a US$432 million gain from the sale of its wholly owned investment advisory services company, American Beacon Advisors. The airline also took US$27 million in severance and other charges tied to capacity reductions that took effect this … [Read more...] about Americas : Extraordinary gains save American
