The Air Freight Asia 2007 Conference is rapidly fi rming up with several leading executives confi rming their attendance in the past three weeks. Among them are TIACA chairman, Jack Boisen, who will discuss the subject of air freight liberalisation with Cargolux CEO, Uli Ogiermann, Emirates Skycargo senior vice president Ram Menen and Northwest Cargo president,Jim Friedel. Joining the Round Table Discussion on September 4 is former DHL executive and former CNS chairman, Guenter Rohrmann, who … [Read more...] about Confirmed speakers and panel members for AFA2007
United Airlines experiences better growth on Atlantic, domestic side of business
As is the case with many carriers today, United Airlines' cargo fi gures so far this year are not in sync with Boeing World Air Cargo Forecast projections for 6.1 percent growth per year. The reason is China, previously the enginefor cargo growth. "The market has not been as strong this year as anticipated," comments Neel Shah, United Cargo vice president sales and marketing. With so many carriers now actively serving Asia -- especially China, rates are now more competitive. … [Read more...] about United Airlines experiences better growth on Atlantic, domestic side of business
TNT launches Emergency Express
TNT Express said it has launched, what it described as "the industry’s fastest express service in Asia". Termed the Emergency Express service, the service ensures that a customer’s urgent overseas shipments get out on the fi rst available fl ight and is timed around a customer’s schedule with 24X7 immediate response and pick up. TNT said that its latest innovation taps on the growing demand for even speedier express services as there is a strong need to maintain … [Read more...] about TNT launches Emergency Express
FedEx net profit up 12 percent
FedEx Corp reported a net profi t of $2.02 billion for fi scal year ended May 31, up 12 percent from the $1.81 billion earned in the yearearlier period. The company credited the result to "strong" volume growth at its FedEx Ground segment and "continued" revenue growth for FedEx Express International Priority products. Chairman, president and CEO Frederick Smith called the profi t"solid", but added that thecompany was "restrained bya slowing US economy. … [Read more...] about FedEx net profit up 12 percent
DHL buys stake in ASTAR Air Cargo
DHL has acquired a 49 percent minority equity interest and a 24.9 percent voting interest in Miami-based ASTAR Air Cargo. DHL also extended its ACMI contract with the carrier through 2019. The fi nancial terms of DHL’s investment in Astar were not disclosed. DHL has contracted under its current ACMI arrangement with Astar for air transportation services since 2003, when an investment group led by Astar chairman, president, and CEO John Dasburg purchased Astar. Astar operates a fl eet of 44 … [Read more...] about DHL buys stake in ASTAR Air Cargo
time~matters opens new branch offices
time:matters said it has opened a new branch offi ce in Vienna, which will also provide services to Slovakia and Slovenia; and a new sales offi ce in Shanghai. Following Switzerland, Austria is the second European country in which time: matters is represented by a subsidiary. The Shanghai offi ce is the company’s second branch in East Asia – the fi rst being in Manila. The goal of the sales activities in China is to utilise the Chinese market’s dynamic growth to … [Read more...] about time~matters opens new branch offices
