Virgin Atlantic Airways will cease operations - at least temporarily - on its Mumbai-London service from May as the economic crunch continues to take its toll on the global aviation industry. “We have decided to temporarily suspend operations to Mumbai with effect from May 4. We are suspending this service until rational conditions re-emerge and it can resume service on this important route,†said Neha Lidder Ganju, senior marketing manager- India, Virgin Atlantic Airways. … [Read more...] about Virgin Atlantic cuts Mumbai service
Freight Forwarders
Chinese exports plunge 26% in February
China's exports declined 25.7 percent year-on-year in February, the fourth straight monthly decline, according to China's General Administration of Customs. Total foreign trade was US$124.95 billion in February, down 24.9 per cent year-on-year. Total Chinese exports in February amounted to US$64.9 billion, reflecting weak demand for Chinese goods in the US and Europe. The country's imports also slumped 24.1 per cent to $60.05 billion. China's trade surplus narrowed to US$4.84 billion, less than … [Read more...] about Chinese exports plunge 26% in February
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
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
Toll completes BALtrans integration
Toll Global Forwarding (TGF) has completed the integration of BALtrans Logistics Worldwide and will use the new Asian forwarding and logistics operations as a platform to strengthen the TGF network in the Middle East, South Africa, Europe and North America. Toll Holdings of Australia acquired BALtrans Logistics in early 2008 and completed the re-branding of the company as Toll Global Forwarding on 27 February 2009. … [Read more...] about Toll completes BALtrans integration
Schenker/BAX integration in US complete
DB Schenker is the new brand name for the integrated company in the USA After two years of planning, Schenker Inc. and BAX Global operations in the US have been fully integrated and doing business under the brand name, DB Schenker. BAX Global was purchased by Deutsche Bahn AG in January of 2006. … [Read more...] about Schenker/BAX integration in US complete
