Most experts agree that air cargo provides a barometer for global economic swings. One of them, Alan Greenspan, former chairman of the US Federal Reserve, was keenly aware of the importance of air cargo in the global economy. Greenspan, when assessing the health of the US economy, often phoned Fred Smith, CEO of FedEx, to see how the express parcel business was performing. Greenspan saw these shipments as a clear snapshot of the trendline for the entire economy. In the very short term, brisk … [Read more...] about Air cargo – quiet economic powerhouse
Airports
B E L L Y A C H E
HARASSMENT - Heathrow, and we are strictly speaking as a passenger here, must rank prominently, if not vying for the top spot, in the Passenger Harassment Competition among the world’s airports. Apart from the fact that its terminal facilities are as outdated, inconvenient and shabby as 30 years ago when we last had to travel through London because other connections to European points were unavailable, the incompetence and gruffness of the people who are supposed to work there, has … [Read more...] about B E L L Y A C H E
EADS
The EADS board of directors has appointed Rudiger Grube (member of the management board of DaimlerChrysler AG) to join Arnaud Lagardere as chairman of the board of directors. Grube has been a member of the EADS board of directors since 2004 and is succeeding Manfred Bischoff with immediate effect. Bischoff resigned after he was named chairman of the supervisory board of DaimlerChrysler AG. … [Read more...] about EADS
GF-X
Jeremy Young, head of business development, Asia Pacifi c for Global Freight Exchange (GF-X) has left the cargo booking company. At press time, GF-X had not announced a successor for Young. … [Read more...] about GF-X
DPWN
DHL parent, Deutsche Post World Net (DPWN) has appointed Jürgen Höfl ing as the new chairman of the divisional board mail international, effective April 1, 2007. Höfl ing has served as member of the divisional board express Europe since 2000 and most recently, as member of the divisional board mail international, with responsibility for Europe. He will retain this latter, supplementary responsibility. Höfl ing succeeds Klaus Knappik who has asked to be released from … [Read more...] about DPWN
Kerry, Wincanton sign JV agreement
Kerry Logistics and Wincanton have signed a joint venture agreement to provide international supply chain solutions. With the increasing demand for products manufactured and sourced in Asia, the joint venture will enable customers to maintain a single logistics relationship from manufacturing plants in the Far East through to stores across Europe and vice versa. The deal will see Kerry Logistics’ expertise and network in the Asian market combine with Wincanton’s market … [Read more...] about Kerry, Wincanton sign JV agreement
