China's air travel growth fell into single digits, the first time in five years, as a slowing economy hit air travel demand, according to official data. Chinese carriers handled 4.03 million tonnes of cargo last year, up 0.3 per cent from a year earlier, and 191.91 million passengers last year, up 3.3 per cent from 2007, the Civil Aviation Administration of China said on its website. Passenger traffic in December rose 8.2 per cent to 15.67 million, but freight volume fell 15.2 per cent to … [Read more...] about China air traffic growth slows to single digits
Express
UPS reports full-year ’08 profit
UPS reported full-year 2008 net income of US$3 billion, widened significantly from a US$447 million profit in 2007 when its results were skewed by a one-time US$6.1 billion pension payment. But it said it must make "tough decisions" to cope with a "severe decline in economic activity around the world." This was more clearly indicated by its 2008 income which was down 28.6 per cent compared to US$4.2 billion in 2006. … [Read more...] about UPS reports full-year ’08 profit
Paramount Air to launch d2d cargo service
Paramount Air to launch d2d cargo service Chennai-based Paramount Airways is planning to launch a door-to-door cargo service under its own brand. "We are going to launch an all emcompassing cargo division. It will be for door-to-door cargo service and will be introduced under the brand name 'Paramount'," Chairman of the airline M Thiagarajan told PTI. The airline currently transports about 100 tonnes per day of cargo and capacity will be expanded to about 300 tonnes a day by the end of the next … [Read more...] about Paramount Air to launch d2d cargo service
UPS reports full-year '08 profit
UPS reported full-year 2008 net income of US$3 billion, widened significantly from a US$447 million profit in 2007 when its results were skewed by a one-time US$6.1 billion pension payment. But it said it must make "tough decisions" to cope with a "severe decline in economic activity around the world." This was more clearly indicated by its 2008 income which was down 28.6 per cent compared to US$4.2 billion in 2006. … [Read more...] about UPS reports full-year '08 profit
Penang air freight volumes take a hit
Penang air freight volumes take a hit The electronics and semi-conductor focused Malaysian island of Penang has taken a hit from the global economic downturn, with Penang Freight Forwarders Association (PAFFA) president Joachim Loo saying December was the worst month in the past seven years for the air freight business. ¡°For the air-freight business, the inbound segment dropped by 52 per cent in December to 2,838 tonnes from 5,850 tonnes a year earlier. The export segment declined by 32 per … [Read more...] about Penang air freight volumes take a hit
DHL Express continues Latin American investment
DHL Express has opened a new advanced logistics gateway at Mexico City's International Airport. The US$6.2 million facilities, which include a customer service call centre, were designed to significantly increase the company's operational capacity and strengthen its Mexican and international network. Apart from the US, Mexico's strongest trading partner, Canada and other Latin American markets, such as Colombia, Guatemala and Brazil, the top volume express trade lanes are those connecting Mexico … [Read more...] about DHL Express continues Latin American investment
