Air Logistics Asia

High logistics costs drag on Vietnam's growth

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High logistics costs are responsible for holding back the development of the Vietnamese economy, according to a new market research report from Transport Intelligence, titled ‘Vietnam Logistics 2009’. The report notes that at the same time as Vietnam is seeking to come to terms with the global economic slowdown, weak infrastructure and high inventory levels are proving to be a significant drag on its economic development. Logistics costs in the market are estimated to be … [Read more...] about High logistics costs drag on Vietnam's growth

K+N & AIRDEX work towards greener airfreight

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Global logistics provider Kuehne + Nagel and AIRDEX International Inc., developer and manufacturer of the patented lightweight AIRpalletTM, announced the formation of a strategic alliance. The aim is to investigate and find solutions for joint customers who are interested in reducing the costs and environmental impacts of airfreighttransportation. One of the largest contributing factors to high logistics costs and CO2 emissions is the usage of airfreight as a means to serve customer timing … [Read more...] about K+N & AIRDEX work towards greener airfreight

SpiceJet opts for IBS' iCargoLite

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India’s SpiceJet has implemented IBS Software’s new-generation cargo management system, iCargoLite. With iCargoLite, SpiceJet automated its cargo business processes to support its expansion plans for its domestic cargooperations. The first Indian low cost carrier to implement this system, the carrier said it will enable it to ensure an integrated management of cargo reservations and ground operations including flight planning, inbound cargo operations, billing and shipment tracking. … [Read more...] about SpiceJet opts for IBS' iCargoLite

UPS reports full-year '08 profit

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UPS reported full-year 2008 net income of US$3 billion, widened significantly from a US$447 million profit in 2007 when its results were skewed by a one-time US$6.1 billion pension payment. But it said it must make “tough decisions” to cope with a “severe decline in economic activity around the world.” This was more clearly indicated by its 2008 income which was down 28.6 per cent compared to US$4.2billion in 2006. … [Read more...] about UPS reports full-year '08 profit

Fraport sells Germany's Hahn airport for €1

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Fraport AG has sold Frankfurt-Hahn, one of Germany’s leading all-cargo airports, for the symbolic price of €1. The company, which also owns Frankfurt-Main airport, Europe’s biggest cargo hub, sold its 65 per cent stake in Hahn to the German federal state of Rhineland-Palatinate. Fraport said the deal, effective 1 January, ends all its financial obligations to Hahn, which had operated at a loss for several years. Cargo traffic at Hahn fell 11 per cent in 2008 from the … [Read more...] about Fraport sells Germany's Hahn airport for €1

China's air industry needs talent and integrity

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It is pleasing to note, and possibly accelerated by the openness to foreign journalists at the Olympic Games, that the Annual Report (2007/2008) from the civil aviation authority harshly reveals the ‘clean and honest’ reparable measures needed within China’s aviationindustry. The nearly 400-page bi-lingual report pulls no punches in the many references to anti-corruption in staff matters, and goes as far as stating that it will push forward the ‘rectifi cation of … [Read more...] about China's air industry needs talent and integrity