Freight Forwarders

Qatar, Saudi up aviation cooperation

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Qatar and Saudi Arabia have agreed to improve cooperation between the two countries’ aviation markets with a deal recently signed by Saudi Arabia’s General Authority for Civil Aviation (GACA) and the Qatar Authority for Civil Aviation. “By this agreement, we aim to develop rules and regulations and facilitate air transportation procedures between Saudi Arabia and Qatar,” said Ayman Bin Baker Naseef, supervisor of GACA’s central department for … [Read more...] about Qatar, Saudi up aviation cooperation

ASEAN must aim high in market liberalisation

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ASEAN has missed the December 2008 deadline to open markets between capital cities on a multilateral basis, said the director general and CEO of the International Air Transport Association's (IATA), Giovanni Bisignani. "Malaysia must be a strong voice encouraging ASEAN member states to fulfill their obligations under the ASEAN Roadmap for the Integration of the Air Travel Sector (RIATS) and to meet the 2010 milestone. "ASEAN must aim high. A single market including ownership liberalisation by … [Read more...] about ASEAN must aim high in market liberalisation

US$94 million in fines for Japanese cartel

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Japan's Fair Trade Commission (FTC) has ordered Nippon Express and 11 other transport companies to pay over US$94 million in fines for what the competition watchdog sees as their collective attempt to fix international air cargo charges, Kyodo News reported. The FTC also issued an order to the companies to discontinue the practice and urged the Japan Aircargo Forwarders Association to prevent a recurrence of a similar act. The FTC believes the association served as a venue for consultations to … [Read more...] about US$94 million in fines for Japanese cartel

OECD cuts China’s growth figure again

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The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China’s growth figure again

OECD cuts China's growth figure again

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The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China's growth figure again

Congressional report questions TSA scan plan

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The ambitious plan by the US Transportation Security Administration to screen all 3.5 million tonnes of cargo transported annually on passenger airliners in the US may come up short, according to a report by Congress' Government Accountability Office (GAO). The report says the Transportation Security Administration (TSA) may not have enough inspectors nor adequate equipment to meet the August 2010 Congressional deadline to screen all cargo transported in the bellies of airliners for explosives. … [Read more...] about Congressional report questions TSA scan plan