State owned postal service company PT Pos Indonesia (Posindo) said its business has improved much in the last two years and it has been able to significantly reduce loses. Such improvement, according to president director Hana Suryana, is the result of the transformation in its core business, business culture and organisation. In 2006, Posindo earned Rp 1.412 trillion compared to Rp 1.410 trillion in 2005. "The good thing is that we have also curbed loses to Rp 51 billion from Rp … [Read more...] about Posindo reports improvement
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Changi buys stake in Nanjing airport
Singapore's Changi Airports International said it has bought a 29 percent stake in China's Nanjing Lukou International Airport for US$138 million ¨C launching what is expected to be another bumper year for airport sales and privatisations. Changi Airports International CEO Chow Kok Fong, said in a statement: "This represents the first private-equity investment deal in a Chinese airport by another foreign airport." Changi last year signed an agreement to manage the New … [Read more...] about Changi buys stake in Nanjing airport
AUSTRALIA: China-Oz cargo capacity concern
More than 40 percent of China¡¯sairfreight cargo to Australia is beingflown indirectly, via other internationalairports, a finding that may indicatethat there is insufficient cargo capacityon the direct routes, accordingto Australian cargo statistics groupMaritrade. It said almost 40 percent of importsto Melbourne Airport from Chinaarrived indirectly, a figure that has remainedlargely unchanged in the lasttwo years. More than half of SydneyAirport¡¯s imports from China in January2004, … [Read more...] about AUSTRALIA: China-Oz cargo capacity concern
Chris Foyle enters TIACA's Hall of Fame
The International Air Cargo Association (TIACA) has honoured Chris Foyle, chairman and founder of Air Foyle, with entry into the TIACA Hall of Fame in recognition of his innovative and professional leadership in the air cargo industry. Foyle will officially receive the 2007 Hall of Fame award at TIACA's executive conference and AGM in Cologne next month. Air Foyle was founded in 1978 with one second-hand Piper Aztec for cargo, passenger and aerial survey charters. One of the company's … [Read more...] about Chris Foyle enters TIACA's Hall of Fame
Austrian Post takes stake in trans-o-flex
The Austrian Post (ÖsterreichischePost) has acquired 74.9 percent ofthe shares in trans-o-flex GmbH andassociated companies from Odewald &Co and Alpha Beteiligungsberatung.Odewald & Co and Alpha haveretained a holding of 25.1 percent.The transaction means that AustrianPost is strengthening its parcelsand logistics division, increasing itsEuropean reach and intensifying itsexisting successful co-operation withtrans-o-flex. Austrian post already delivers about5,000 parcels per day in … [Read more...] about Austrian Post takes stake in trans-o-flex
IJS Global enters UK logistics market
IJS Global Inc., the fast-growingmulti-modal freight forwarder, customsbroker and non-vessel operating commoncarrier, has entered the importantUK freight & logistics market byacquiring majority ownership in London-headquartered Lupprians CargoExpress Limited, one of the country'sleading freight forwarding and logisticscompanies. Terms of the transactionwere not disclosed. Lupprians has been re-branded asIJS Global (UK) Limited, and will offerits clients across the UK an enhancedworld-wide … [Read more...] about IJS Global enters UK logistics market
