Ronald Chang, currently vice president of UPS Capital Corporation, has been named president of UPS Capital. This business unit of UPS enables smarter trade through cargo and parcel insurance, trade finance and payment services. Chang succeeds Bob Bernabucci, who will retire from the company after 41 years. "We are grateful to Bob for his loyal service and contribution to our company," said Kurt Kuehn, UPS chief financial officer. "He's built a strong portfolio of products for UPS Capital … [Read more...] about UPS Capital names Ronald Chang as president
Air Logistics Asia
Thai eyes return to profits, begins restructuring
Thai Airways International said last week it expects to return to profit earlier than expected in the fourth quarter and will cut 1,500 jobs this year as part of a restructuring plan at the troubled national carrier. The loss-making carrier also said it would shed more than a quarter of its full-time employees by 2018, the first major job cuts announcement since the restructuring was approved last month. Thai Airways had previously said it planned to cut costs and prioritise certain … [Read more...] about Thai eyes return to profits, begins restructuring
Reefer capacity expected to increase 22% by 2019
Reefer capacity on the containership fleet is expected to increase by 22 per cent over the next five years, at the expense of a declining specialised reefer fleet, according to Drewry's latest Reefer Shipping Market Annual Review & Forecast. Reefer box capacity is expected to grow from 1.6 million 40ft slots in 2013 to 1.9 million slots in 2018. However, this fleet growth is not expected to adversely impact vessel utilisation levels thanks to strong … [Read more...] about Reefer capacity expected to increase 22% by 2019
AT&T’s asset tracking system allows remote monitoring
AT&T can help businesses better manage their shipments on the road and even in the sky. AT&T Cargo View with FlightSafe allows companies to remotely monitor the conditions of their shipped assets and minimize the risk of damaged, lost or stolen cargo. FlightSafe, a feature included with AT&T Cargo View, makes it possible for a device to automatically transition to airplane mode so that it travels in an FAA compliant mode on the aircraft. Major airline companies including Air … [Read more...] about AT&T’s asset tracking system allows remote monitoring
Dynamic Aviation initiates Afriican JV in Mauritania
Dynamic Aviation recently initiated a joint venture in Mauritania, marking the company’s first step into the West African market. On 3 August 2014, the first aircraft, a King Air 200, arrived in country to begin operations. “Moving into Mauritania is a significant step for Dynamic Aviation,” said president and CEO Michael Stoltzfus. “Dynamic Aviation looks forward to creating substantial value in a growing West and Central African customer base.” Dynamic … [Read more...] about Dynamic Aviation initiates Afriican JV in Mauritania
Air Lease to place two B777-300ERs with KLM
Air Lease announced long-term lease agreements with KLM for two additional new Boeing 777-300ER aircraft, scheduled for delivery in the second half of 2016 and early 2017. These aircraft placements are in addition to the two new 777-300ER aircraft scheduled for lease from ALC to KLM in early 2015 and early 2016, all from ALC’s order book. “KLM is one of our key and strategic European airline customers. This placement of four new Boeing 777-300ERs continues our long and excellent … [Read more...] about Air Lease to place two B777-300ERs with KLM
