Commerce ministry spokesman Yao Jian stated that China’s trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China’s trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China’s largest trading partner for the first quarter was the … [Read more...] about CHINA: China’s 2010 trade surplus expected to fall sharply
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CHINA: China to merge air cargo carriers: Sources
The Chinese government is aiming to have one key domestic carrier among the top five global cargo players within three years. China’s central government has intensified its pressure on Air China, China Eastern Airlines and China Southern Airlines to merge their cargo operations to compete with foreign carriers who dominate the market, the South China Morning Post reported, citing sources close to the matter. The news comes after Payload Asia reported last month on an air cargo … [Read more...] about CHINA: China to merge air cargo carriers: Sources
Descartes launches latest booking portal
Descartes Systems Group, a federated global logistics network, unveiled the latest version of its Global Freight Exchange (GF-X) air freight electronic booking portal. Descartes’ GF-X solution includes a comprehensive, on-line cargo reservation system where air carriers and freight forwarders can complete electronic air cargo bookings. Many of the world’s leading carriers and forwarders use Descartes’ products in major airfreight markets worldwide, including … [Read more...] about Descartes launches latest booking portal
The possible future of flight from MIT
In what could set the stage for a fundamental shift in commercial aviation, a Massachusetts Institute of Technology (MIT) – led team has designed a green aircraft that is estimated to use 70 per cent less fuel than current planes while also reducing noise and emission of nitrogen oxides (NOx). The design was one of two that the team, led by faculty from the Department of Aeronautics and Astronautics, presented to NASA last month as part of a US$2.1 million research contract to … [Read more...] about The possible future of flight from MIT
E-freight for Aramex, Dubai Customs & Emirates
Aramex, the global logistics and transportation solutions provider, has joined Dubai Customs and Emirates Airline in implementing the e-freight system, a first-of-its-kind initiative for the cargo industry in the Middle East. The initiative, spearheaded by Dubai Customs and Emirates Airline, makes Dubai the first city in the Middle East to adopt paperless cargo operations. The new e-freight system provides paper-free operations to enhance trade movement by allowing airlines, freight … [Read more...] about E-freight for Aramex, Dubai Customs & Emirates
Globalink opens new Dubai Freezone facility
Globalink Logistics Group has announced the opening of new air freight facility at the Dubai Airport Freezone (DAFZA) in Dubai, UAE. Strategically located inside the Dubai Airport and next to the Dubai Airport Customs Terminal, the new air freight facility at DAFZA will enable Globalink Dubai to further enhance air freight, sea-to-air and air chartering operations to/from UAE, the company said. Globalink DAFZA also offers dangerous goods and perishables handling services. … [Read more...] about Globalink opens new Dubai Freezone facility
