A mixture of asset write-downs, restructuring, consolidation and recovery is on the cards for the Japanese airfreight sector, according to a new report from Business Monitor International . The bankrupt Japan Airlines (JAL), Asia's largest air carrier, was expected to have registered an operating loss of nearly US$1.7 billion in the fiscal year ended 31 March 2010. This was attributed to a sharp decline in revenues resulting from a rapid slowdown in the Japanese economy. After 2009's very steep … [Read more...] about Still some turbulance in Japan's air cargo sector
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TSA claims 100% screening a success, but int’l in a “few years”
The US Transportation Security Administration (TSA) has said the 1 August deadline for 100% screening of air cargo on domestic passenger aircraft was successfully implemented, but that the same goal for international cargo would only be met in a "few years" time. The TSA said it is continuing its work to improve cargo security on passenger flights originating in other countries, with TSA administrator John S. Pistole saying: "International air cargo is more secure than it has ever been." "TSA … [Read more...] about TSA claims 100% screening a success, but int’l in a “few years”
TSA claims 100% screening a success, but int'l in a "few years"
The US Transportation Security Administration (TSA) has said the 1 August deadline for 100% screening of air cargo on domestic passenger aircraft was successfully implemented, but that the same goal for international cargo would only be met in a "few years" time. The TSA said it is continuing its work to improve cargo security on passenger flights originating in other countries, with TSA administrator John S. Pistole saying: "International air cargo is more secure than it has ever been." "TSA … [Read more...] about TSA claims 100% screening a success, but int'l in a "few years"
TNT further invests in ARN gets TAPA L1
TNT announced recently that it will make a further €4.5 million investment in its Asia Road Network (ARN), which currently serves six countries and 127 cities in Southeast Asia and southern China. This brings the total investment to date in the fully integrated ARN to morethan €12.5 million. Most of the new investment will be to acquire a fleet of trucks specially designed to suit pan-Asian routes. The 41-foot trucks and trailers are larger and more environmentally friendly than … [Read more...] about TNT further invests in ARN gets TAPA L1
TNT boosts China/Europe capacity
TNT is increasing its air freight capacity between China and Europe to meet growing demand, especially from the high-tech and fashion industries, with an additional B747-400ERF aircraft between China and its European air hub in Liege, Belgium. TNT will increase its service frequency to six flights per week from Shanghai and five flights per week from Hong Kong. Chinese exports to Europe rose almost 50 per cent during the first five months of 2010 from a year before, according to the Chinese … [Read more...] about TNT boosts China/Europe capacity
China Post to list unit next year
China Post, the government postal service of China, is planning to list the shares of China Postal Express & Logistics Corporation, its express and logistics unit, in Shanghai or Shenzhen next year. The integrated unit was set up with a registered capital of 200 million yuan (US$29.5 million) on 29 June and combines the express and logistics operations of the group. Liu Andong, general manager of China Post, said the integration of the express unit EMS Corporation and the logistics arm … [Read more...] about China Post to list unit next year
