The world¡¯s largest dedicated project forwarding company, Worldwide Project Consortium said it has made several new franchise appointments. WWPC general manager, Kevin Stephens, speaking from the company¡¯s headquarters in Queensland, Australia, said representatives had now been appointed in Cambodia, Pakistan, Egypt, Philippines, United Arab Emirates, Azerbaijan and Bahrain. Stephens said: ¡°This franchise arrangement means that the WWPC is the largest dedicated project … [Read more...] about AUSTRALIA: WPC continues to expand global reach
Air Freight Asia
AUSTRALIA: Airlines face Australian cargo class action
Seven international airlines have been served with a A$200 million class action in Australia accusing them of global price fixing on air freight from 2000. Melbourne law firm Maurice Blackburn Cashman is leading the action against Qantas, Lufthansa, Singapore Airlines, Cathay Pacific, Air New Zealand, Japan Air Lines and British Airways. A writ filed in the federal court alleges freight charges were unlawfully over-inflated through surcharges imposed by the airlines including fuel … [Read more...] about AUSTRALIA: Airlines face Australian cargo class action
AUSTRALIA: China-Oz cargo capacity concern
More than 40 percent of China¡¯sairfreight cargo to Australia is beingflown indirectly, via other internationalairports, a finding that may indicatethat there is insufficient cargo capacityon the direct routes, accordingto Australian cargo statistics groupMaritrade. It said almost 40 percent of importsto Melbourne Airport from Chinaarrived indirectly, a figure that has remainedlargely unchanged in the lasttwo years. More than half of SydneyAirport¡¯s imports from China in January2004, … [Read more...] about AUSTRALIA: China-Oz cargo capacity concern
AUSTRALIA: Cargo helps Qantas strong profit
Freight gave a strong lift to Qantas¡¯ increased profit for the half-year ended December 31, 2006. Freight revenue increased by 6.7% on the previous comparable half-year, through additional wet-leased freight capacity and stronger yields, the company said. Qantas said it achieved a before tax result of $523m, an increase of 8.3 percent on the same period in 2005, despite higher fuel costs and take-over talks. Total revenue for the half-year was $7.7bn, an increase of 12.7 percent on … [Read more...] about AUSTRALIA: Cargo helps Qantas strong profit
AUSTRALIA: Qantas take-over $91m for executives
Qantas executives will reportedly receive a A$91 million pay-out, including $8 million for chief executive Geoff Dixon, on their last day of employment with the ¡°old¡± airline if the controversial $11.1 million Airline Partners Australia take-over goes ahead. The executives will cash into the new airline with cash and share incentives from the new private equity owners, including bonuses of up to 200 percent of their cash salaries; a stake in the new company of up to 4.5 percent; and a … [Read more...] about AUSTRALIA: Qantas take-over $91m for executives
AUSTRALIA: Toll Holdings buys freighters
Australia-based freight firm, Toll Holdings has outlined plans for a series of future take-overs across Asia and developments that involved buying some freighters. Paul Little, managing director of the Melbourne-based road, rail, shipping and airline conglomerate, said Toll was looking at purpose-specific businesses in China and other parts of Asia. Buying them would allow Toll to speed up its plan to become a fully integrated logistics business, Little told the Courier-Mail newspaper. … [Read more...] about AUSTRALIA: Toll Holdings buys freighters