Singapore-based logistics company, CWT has opened the first phase of a new S$80 million (US$58 million) logistics facility in Singapore as it seeks to capture a bigger share of the US$250 billion global 3PL market. CWT's Logistics hubs 1 and 2 feature enhanced storage facilities and specialised- materials handling capacity, for a combined area of nearly 93,000 square meters of warehouse space. The second phase of the logistics hub is only expected to be completed by January 2009, but … [Read more...] about New US$58 million warehouse for CWT
Air Freight Logistics
U-Freight targets aero logistics
Hong Kong-based freight forwarder U-Freight has announced that its aim to build its presence in the global aviation and aerospace supply chain management market, including manufacturers, operators and vendors. The decision follows a two-year period during which the company's Singapore hub developed into a regional service centre, recognised as a key service provider to the aviation and aerospace industry in Singapore. "Operators know only too well that stationary aircraft on the apron … [Read more...] about U-Freight targets aero logistics
Aloha Airline Inc.
Aloha Airline Inc. told a federal bankruptcy court recently that it is seeking a buyer for some or all of its major business segments. Segments up for sale are its inter-island and trans-Pacific passenger services, cargo services and contract services, according to attorneys for Hawaii's second-oldestairline. … [Read more...] about Aloha Airline Inc.
Cargo Air Lines
Israeli freight airline Cargo Air Lines (CAL), is increasing the frequency of its twice weekly freighter service from Liege (Brussels) to JK airport in NewYork, to three flights a week. … [Read more...] about Cargo Air Lines
Oman and Bahrain
A memorandum of understanding on handling air cargo was signed recently between Oman and Bahrain during talks between civil aviation authorities of the two countries. The MOU will allow national carriers to operate without any restrictions between the twocountries. … [Read more...] about Oman and Bahrain
Lufthansa
A US law firm said it has settled a price-fixing case with German airline Lufthansa. The US law firm Cohen, Milstein, Hausfeld & Toll said it reached a US$85 million settlement on behalf of customers who purchased air freight shipping services from the airline for transport of goods to, from and within the US. The Cologne-based airline was among more than 20 airlines named in the class-action lawsuit. Others included British Airways, Air France andCargoLux Airlines. … [Read more...] about Lufthansa
