Plummeting volumes of imports from Asia sent cargo traffic at San Francisco International Airport plunging 36 per cent in December, giving the major trans-Pacific gateway a 14.4 per cent decline in overall freight business in 2008. International imports fell 43 per cent at San Francisco in December from the same month a year earlier, a clear sign of the faltering production from factories in China and exports from the region. Los Angeles International Airport, the largest trans-Pacific air cargo … [Read more...] about Air cargo slides at San Francisco & LAX
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Air cargo slides at San Francisco & LAX
Plummeting volumes of imports from Asia sent cargo traffic at San Francisco International Airport plunging 36 per cent in December, giving the major trans-Pacific gateway a 14.4 per cent decline in overall freight business in 2008. International imports fell 43 per cent at San Francisco in December from the same month a year earlier, a clear sign of the faltering production from factories in China and exports from the region. Los Angeles International Airport, the largest trans-Pacific air cargo … [Read more...] about Air cargo slides at San Francisco & LAX
Cargo to decline 5% at Singapore’s Changi
Cargo traffic at Singapore's Changi airport is expected to fall by 5.1 per cent in 2009, to 1.77 million tonnes in 2009, from 1.85 million tonnes, according to a Reuters report. Singapore's Senior Minister of State, Ministry of Finance & Ministry of Transport, Lim Hwee Hua, told parliament the global financial crisis started taking a toll on Changi's traffic in the fourth quarter of 2008, but "the full impact of the global downturn can be expected to be felt in 2009". … [Read more...] about Cargo to decline 5% at Singapore’s Changi
Cargo to decline 5% at Singapore's Changi
Cargo traffic at Singapore's Changi airport is expected to fall by 5.1 per cent in 2009, to 1.77 million tonnes in 2009, from 1.85 million tonnes, according to a Reuters report. Singapore's Senior Minister of State, Ministry of Finance & Ministry of Transport, Lim Hwee Hua, told parliament the global financial crisis started taking a toll on Changi's traffic in the fourth quarter of 2008, but "the full impact of the global downturn can be expected to be felt in 2009". … [Read more...] about Cargo to decline 5% at Singapore's Changi
Changi relief package includes cargo
Changi relief package includes cargo The Civil Aviation Authority of Singapore (CAAS) has announced a further S$70 million (US$46.2 million) relief package to help airlines and airport partners cope with the economic crisis. The new package is in addition to the S$130 million Air Hub Development Fund (AHDF) that CAAS had already extended to airlines and airport partners. Included in the relief package are enhancements to the AHDF to establish a Cargo Incentive Scheme. Under this scheme, CAAS¡¯ … [Read more...] about Changi relief package includes cargo
Thai aircargo plummets 50% in Jan
Air cargo volumes in Thailand slumped by almost 50 per cent in January as the global financial crisis continued to hurt exports. Total outbound cargo in the final three months of 2008 fell to 107,249 tonnes, compared with 140,074 tonnes a year earlier, Dow Jones reported. "The January figures were worse than what we expected with outbound volume falling by almost 50 per cent from a year earlier," said Kasem Jaliyawatwong, president of the Thai Airfreight Forwarders Association. Thailand's air … [Read more...] about Thai aircargo plummets 50% in Jan
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