International Asia Pacific freightgrowth is expected to lead globalfreight growth in 2007 with an averageannual growth rate (AAGR) of6 percent over the same period, theInternational Air Transport Association(IATA) said. It said the forecast growth reflectsthe strength of trade flows, economicgrowth and liberalisation, particularlyin China and India. Over the four-yearperiod to 2010, Pakistan is forecast tohave the fastest AAGR at 8.2 percent,just beating China with 8.1 percent andIndia with … [Read more...] about HONG KONG: Asia Pacific cargo to lead growth
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CHINA: WFS in talks about handling contract Global cargo handler
WorldwideFlight Services (WFS) is in advancednegotiations with China Eastern aboutproviding management expertise fortheir handling operations in China,according to its president and chiefexecutive, Olivier Bijaoui. "They and their China Cargo subsidiaryare already a large customer forus in Europe," he says. "We are talking about some of our more experienced managers over there and transfer knowledge to them, and are hopeful the discussions will conclude successfully soon." … [Read more...] about CHINA: WFS in talks about handling contract Global cargo handler
Gateways
Dubai-based new cargo operator, Liwa Air, which started service toAfghanistan last year with one AN-74 and two TU-204Cs, has expandedits services throughout the Arabian Peninsula. The carrier, headed byformer Etihad CEO, Robert Strodel, also operates out of Doha andBahrain. A third Tupolev freighter will soon join the fleet, while Liwa isnegotiating the lease of an Airbus A310F. This freighter will be deployedon the route between the UAE and Leipzig/Halle in eastern Germany.In 2010 Liwa plans to … [Read more...] about Gateways
Impractical security bill unlikely to survive in US Senate
There are hopeful signs that a bill, which calls for intensified screening of aircargo on passenger aircraft heading toward the US, which already passed by theDemocratic-controlled Congress last month, is unlikely to survive in the Senate. The provisions were part of a House bill that was promoted as the first legislationto pass in Congress this year with the approval meant to signal new leadership'spriorities in pushing through security recommendations of the commission thatinvestigated the … [Read more...] about Impractical security bill unlikely to survive in US Senate
EGL's CEO bids to acquire the company
EGL's largest shareholder, the company'sfounder and chief executiveofficer James Crane, along with privateequity company, General Atlantic, havesubmitted a proposal to acquire all ofthe outstanding equity interests of EGLfor $36 per share in cash. Crane is Houston-based EGL'sbiggest shareholder, with 18 percent.EGL's board of directors has formeda Special Committee of independentdirectors to review and evaluate theproposal. However, the company hasmade it clear that no decision has beentaken … [Read more...] about EGL's CEO bids to acquire the company
DHL bags Saudi Aramco's contract
DHL Supply Chain, the logisticsspecialist at Deutsche Post World Net,has concluded a 10-year multi-milliondollarcontract with the world's numberone crude oil producer, Saudi Aramco.DHL has been contracted to developthe oil giant's national logistics infrastructure.This includes the provision,management and operation of fourmaterial distribution centres (MDC) inDammam, Riyadh, Jeddah and Yanbu,of a fleet of vehicles and personnelas well as 14 material service centres(MSC). To implement these … [Read more...] about DHL bags Saudi Aramco's contract
