The International Air Transport Association (IATA) has announced that January 2010 demand for international scheduled air traffic showed continuing improvement, with international cargo demand up 28.3 per cent with only a 3.7 per cent increase in capacity. This pushed the cargo load factor to 49.6 per cent, a significant change from the 40.1 per cent recorded in January 2009. There are large geographical differences in the improvements. The strongest upturns have been seen in markets where … [Read more...] about IATA: January volumes continue upward trend
Express
China’s cargo figures up 68% in Feb
Official Chinese figures say China's cargo and mail throughput was 450,726 tonnes in February, up 68.2 per cent year-on-year, while air passenger traffic increased about 18 per cent year-on-year in the first two months of 2010 and by 59 per cent in February alone. … [Read more...] about China’s cargo figures up 68% in Feb
Gopinath initiates price war in India
Air Deccan founder GR Gopinath is replicating his low-fare model in his new express logistics venture. Taking rival Blue Dart head on, Gopinath has kept tariffs 10-15 per cent lower than the market leader. “We are selling our product on expansion network, besides distributing cargo at 10-15 per cent cheaper compared with rivals,†Mr Gopinath, who has started his express logistics venture Deccan 360, told the Economic Times. Deccan 360 is currently operating with a fleet of seven … [Read more...] about Gopinath initiates price war in India
DHL Sri Lanka partners Colombo Fashion Week
DHL was appointed the official Fashion Logistics Partner of the Colombo Fashion Week, which ran the first week of February. With this partnership, DHL said it was seeking to encourage and promote commerce between regional designers and retailers and focuses on uplifting the fashion industry in Sri Lanka. The international fashion and textile industry represents one of the most important sectors for DHL. DHL estimates the Fashion and Apparel Logistics industry to be worth US$3.9 billion per … [Read more...] about DHL Sri Lanka partners Colombo Fashion Week
UPS wins Crane inventory management deal
Crane Aerospace & Electronics has signed a Master Services Agreement with UPS recently. Under the deal UPS will manage Crane-owned inventories of new and serviceable assemblies in various locations throughout the world. The inventories will be available for immediate shipment to Crane’s customers on a 24/7 basis. The first UPS location to manage Crane inventories will be in Singapore. Initial inventories will include fuel transfer pumps, lube and scavenge pumps, and anti-skid brake … [Read more...] about UPS wins Crane inventory management deal
UPS reports full-year profit, but down 28%
UPS has reported significant fourthquarter improvement, closing out the year with a US$2.15 billion profit, albeit down 28.3 per cent from the $3 billion earned in 2008. Full-year revenue fell 12 per cent to $45.3 billion while the company’s operating profit slipped 29.4 per cent to $3.8 billion from $5.38 billion. … [Read more...] about UPS reports full-year profit, but down 28%
