DHL has expanded its air network with an Aerologic route linking the UAE to Asia and Europe. Aerologic, the joint venture cargo airline of DHL Express and Lufthansa Cargo, will operate a B777F flight between Leipzig and Hong Kong with a connection in Sharjah, the third largest emirate of the UAE. "This Aerologic flight route via the UAE will boost our air network capacity on an increasingly important tradelane," said John Pearson, CEO, DHL Express Asia Pacific, Eastern Europe, Middle East and … [Read more...] about DHL expands network with Aerologic
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China’s 2010 trade surplus expected to fall sharply
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 European Union, with trade with the … [Read more...] about China’s 2010 trade surplus expected to fall sharply
FedEx Trade Networks opens EMEA offices
FedEx Trade Networks has opened three additional offices in its Europe, Middle East and Africa (EMEA) region. This latest step in the company's global expansion plan includes new operations in Warsaw and Gdynia, Poland and Dubai, United Arab Emirates. FedEx commented that the strength of the Polish economy, in addition to its central location in Europe and on the Baltic Sea, will enable significant intra-European trade via the offices in Warsaw and Gdynia. As one of the fastest growing cargo … [Read more...] about FedEx Trade Networks opens EMEA offices
World Air to operate B747-400F for Cargolux
World Airways, a subsidiary of Global Aviation Holdings has signed an agreement with Cargolux to operate one Boeing 747-400 freighter aircraft on a full-time basis beginning October 2010 through June 2011. "World Airways is proud to be a service provider to such an established, quality cargo carrier, and we look forward to an excellent partnership between our two companies," said Hendrik Falk, VP cargo sales for Global Aviation Holdings. … [Read more...] about World Air to operate B747-400F for Cargolux
First of three B777 Freighters joins Qatar’s fleet
The first Boeing 777 Freighter to enter Qatar Airways' fleet has been placed into service after the Doha-based carrier took delivery of the aircraft on 17 May. "The 777 Freighter will expand on the great track record that Qatar Airways' 777 passenger airplanes have established," said Marlin Dailey, vice president of sales for Boeing Commercial Airplanes. Qatar Airways ordered three 777 Freighters in May 2006, for deployment on Far East and European routes.Qatar Airways currently operates 17 … [Read more...] about First of three B777 Freighters joins Qatar’s fleet
Agility's first quarter profit plummets
Kuwait-based global logistics company, Agility has reported a drop in first quarter net profit by 52 per cent from a year ago to KD17.5 million (US$60.1 million) and warned future earnings will suffer from the loss of US military contracts in the wake of fraud charges. Revenues during the period fell 14.4 per cent to KD403 million as compared to the previous quarter. Agility, which has been accused of over-charging the US military during nearly a two-year period under contracts to supply US$8.5 … [Read more...] about Agility's first quarter profit plummets
