Negotiations for the first major global accord in the World Trade Organisation’s 19-year history which would have standardised customs rules, collapsed today over food-subsidy objections raised by India. Negotiators for a Trade Facilitation Agreement at WTO headquarters in Geneva failed to agree as a midnight deadline passed to implement part of the accord by the end of July as India refused to proceed without assurances the pact would allow it to keep protections for its … [Read more...] about WTO talks fail as India derails process
Leaderboard
MRO Conversions & Manufacturers
Asia Pac carriers see 4.7% rise in cargo demand
Preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) showed continued expansion of both air freight and international passenger markets. For the region's carriers, demand for air freighted goods continued to grow in the month of June, helped by positive consumer and business sentiment in major developed economies. Overall, air freight demand in freight tonne kilometre (FTK) terms grew by an encouraging 4.7 per cent … [Read more...] about Asia Pac carriers see 4.7% rise in cargo demand
Air freight confidence up slightly in July
The Stifel Logistics Confidence Index for July has made a slight gain in July but continues the month-by-month fluctuations that have been occurring through much of this year. Since February the overall Index (air and sea freight combined) has increased one month and then declined the next reaching its high so far this year in May at 57.9. For the current month, the index is up 0.9 points over June to 56.1. The overall air freight confidence index has yet to return to this year’s high … [Read more...] about Air freight confidence up slightly in July
May cargo figures see continued growth: AAPA
Preliminary traffic figures for the month of May released by the Association of Asia Pacific Airlines (AAPA) showed healthy growth in demand for both air freight and international passenger markets. International air cargo demand in freight tonne kilometres increased by 4.7 per cent in May, with export shipments by air to the US and Europe having gained momentum, AAPA said. Offered freight capacity registered a four per cent increase. As a result, the average international freight load … [Read more...] about May cargo figures see continued growth: AAPA
AAR aquires cargo loading assets of PFW Aerospace
AAR Corp. announced that its 100 per cent owned subsidiary, Telair International has signed a definitive agreement to purchase the cargo loading system assets of Speyer, Germany-based PFW Aerospace. AAR said the acquisition will enhance Telair's market position as one of the leading suppliers globally of cargo loading and baggage handling systems. Upon completion of a transition period after closing, Telair will transfer the assets to, and perform operations at, its Miesbach, Germany … [Read more...] about AAR aquires cargo loading assets of PFW Aerospace
Air cargo continues fragile recovery: IATA
The International Air Transport Association (IATA) released figures showing a small improvement in air freight growth in October, with global freight tonne kilometers (FTK) up four per cent compared with October 2012, with growth in all regions except Africa. IATA said the gradual expansion continues a trend that began in the third quarter as air freight markets have responded to better economic confidence and improved consumer demand. However, performance varies significantly by region, … [Read more...] about Air cargo continues fragile recovery: IATA
