Cargolux has noticed some downwardpressure on routes from Europe toDubai, Abu Dhabi and Sharjah, accordingto Pierre Wesner, the carriers' vicepresident sales and marketing EMEA,which suggests that these routes mightbe in danger of over-capacity. That is of particular concern to Europeanfreighter operators, who oftenuse stops in the Middle East to counterpoor or low yielding eastbound loads onflights from Europe to Asia. In Cargolux's case, for example,around half of eastbound capacity … [Read more...] about Cargolux warns of falling rates to Gulf
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Still regional shortcomings, despite massive investment
The air cargo industry in the Gulfshould not be complacent despite itssoaring growth, Des Vertannes, who lastmonth joined Etihad as head of cargofrom his previous employer Gulf Air,told the recent World Air Cargo Eventin Dubai. Despite eye-popping levels of investments- some $30bn in aviation-relatedinfrastructure and a world-leading$60billion in outstanding aircraft orders- the region still faced significantchallenges if it was to sustain the opportunitiesand benefits from the currentgrowth … [Read more...] about Still regional shortcomings, despite massive investment
UPS to promote US exports
The U.S. Department ofCommerce has announceda new initiative with UPSInc. to boost exports fromUS-based small- and medium-sizedenterprises. The agreement is designedto provide firms withpublic- and private-sectorresources to make exportingeven simpler, accordingto DOC's U.S. CommercialService. The US Commercial Service'sexport services networkextends around the worldto more than 250 branchesin 78 countries. The Servicehelps companies enterinternational markets withservices including … [Read more...] about UPS to promote US exports
TNT offers China trade programme
TNT launched last monthits "Picking the Best for China" programme in Indonesiato promote its capabilities,competitiveness and efficiencyof import and exportservices to and from China. "Through this programme,TNT serves as import-exportfacilitator, particularly forcompanies that are lookingfor an air express partnerthat truly understands theirbusiness needs," TNT Indonesiacountry manager PeterLangley said. He added "the fact is thatas more foreign companieschannel … [Read more...] about TNT offers China trade programme
UPS expands service in UAE
UPS has expanded itsservice offering in the UnitedArab Emirates, enablingcustomers to select fromtwo different options for thedaily, time-definite deliveryof packages between internationaltrading markets. Both services should expanddelivery options onroutes between the US andAsia, Europe and the Americas.The first option, UPSWorldwide Express, guaranteesdelivery by 10.30am or12pm, depending on thedestination. The second option,UPS Worldwide Saver,guarantees delivery by theend of the business … [Read more...] about UPS expands service in UAE
FedEx completes acquisition
FedEx Corp has completedthe purchase of TianjinDatian W. Group's 50 percentshare of the FedEx-DTWInternational Priority expressjoint venture and DTWGroup's domestic expressnetwork in China. FedEx and DTW signedthe purchase agreementmore than a year ago. "China continues to beone of the fastest growingmarkets in the express industryand a key to FedExinternational growth andprofitability," said MichaelDucker, president of FedExExpress International. "With more than … [Read more...] about FedEx completes acquisition