China's air cargo traffic volume declined 28 per cent year-on-year in February due to the deepening global economic crisis, Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC), said according to a Chinadaily.com report. … [Read more...] about China’s cargo traffic down 28% in Feb
Courier & Mail
China's cargo traffic down 28% in Feb
China's air cargo traffic volume declined 28 per cent year-on-year in February due to the deepening global economic crisis, Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC), said according to a Chinadaily.com report. … [Read more...] about China's cargo traffic down 28% in Feb
Industry has not yet hit bottom~ IATA
Industry has not yet hit bottom: IATA Continued falling cargo demand has led the International Air Transport Association (IATA) to urge the cargo supply chain to improve security and efficiency to deliver a more enticing product. In remarks delivered by video to IATA's World Cargo Symposium in Bangkok, CEO Giovanni Bisignani said: "The industry is in crisis and nobody knows that better than our cargo colleagues. Cargo demand has fallen off a cliff." ¡°After a shocking 22.6 per cent decrease in … [Read more...] about Industry has not yet hit bottom~ IATA
Cargo exec says industry kidding itself
Air cargo management must "strip the veils of illusion from their eyes" in combating the worst recession since the industry began 60 years ago, according to industry stalwart Julian Keeling. Keeling said these illusions included the near obsession with China as the primary engine of growth. They also included offering complicated, expensive supply chain "solutions" to the shipper rather than concentrating on fast, reliable transportation of cargo. "Let's stop adding layers of outside management … [Read more...] about Cargo exec says industry kidding itself
China air cargo down 28% in February
China's air cargo volume fell 28 per cent in February from a year earlier because of the global financial crisis, according to the head of the Civil Aviation Administration of China, Li Jiaxiang. However, domestic passenger traffic in February rose 13.47 per cent from a year earlier, he told Chinese media. China's air passenger traffic will likely grow more quickly this year than Beijing's economic growth target of around eight per cent, he said. In the past, China's air passenger traffic growth … [Read more...] about China air cargo down 28% in February
TNT reports 60% fall in 4Q profits
Dutch mail and express company TNT reported a 60 per cent fall in profit for the fourth quarter this week citing restructuring charges and worsening business conditions, especially in its express delivery arm. Net profit at Amsterdam-based TNT was €207 million, down from €250 million in the same period a year earlier. Sales fell 2.4 per cent to €2.93 billion. The company took €146 million in charges during the quarter to restructure both its mail and express divisions, … [Read more...] about TNT reports 60% fall in 4Q profits