FedEx Corp., the second-largest US express company, is in preliminary talks to buy TNT, Europe's second-biggest express-delivery service, according to are port in the Financial Times last month. Rising fuel costs and an economic decline revived merger discussion between FedEx and TNT, the UK newspaper said,without citing sources.The move is seen a logical one as both companies have virtually no presence inits competitor's main market. A takeover of TNT would give FedEx a full European air and … [Read more...] about FedEx in talks to buy TNT: Report
airways cargo
Cargo volumes up slightly at Frankfurt
Airfreight through put at Germany's largest airport reached 1,047,681 tonnes in the first six months of 2008 - representing a 3.8 per cent rise. Frankfurt Airport(FRA) also recorded its busiest-ever June for airfreight, handling 177,520 tonnes representing a rise of 0.9 per cent on the previous June record in 2007. The airport said that in keeping with expectations, air mail declined by 4.1 per cent to 7,178 tonnes.From January through June some 26,265,335 passengers used the FRA global air … [Read more...] about Cargo volumes up slightly at Frankfurt
JFK cargo volumes drop 6.4 per cent
Freight traffic at New York's John F.Kennedy International Airport fell 6.4 percent in May, the sharpest monthly declineat the major trans-Atlantic gateway in six months.The drop included a 6.6 per cent dive in JFK's international freight tonnage, a new sign that a weak shipping economy and rising jet fuel costs are hitting aircargo volumes.Soaring fuel prices are pushing shippers and forwarders to cheaper options, particularly ocean freight which plays conveniently into the hands of New York's … [Read more...] about JFK cargo volumes drop 6.4 per cent
Transhipment cargo key to Hactl growth
Transhipment cargo continues to provide Hong Kong Air Cargo Terminals Limited (Hactl) with through put growth despite flattening growth figures for import and export cargo.A total of 219,502 tonnes were handled in June, representing year-on-year growth of 2.5 per cent while tonnage through puts for the second quarter and for the first half of the year were 663,858 tonnes and 1,278,391 tonnes, representing year-on-year growth of 5.4 per centand 5.9 per cent respectively.Export volume was 118,321 … [Read more...] about Transhipment cargo key to Hactl growth
Copenhagen and FedEx strike a deal
Copenhagen Airports A/S in Denmark has announced an agreement with US based global express operator FedEx Express to provide a new purpose-build cargo facility, including office space, in a deal up to at least 2023.The airport company said the approximately 1,600 sqm cargo facility, which would be tailored to the needs of FedEx Express, would have both air side and land side access, as well as a 770 sqm office building. Both facilities are expected to be operational by spring 2009.Brian … [Read more...] about Copenhagen and FedEx strike a deal
Munich Airport sees strong 1H 2008
Airfreight volumes at Munich Airport continue to post increases with a total of nearly 125,000 tonnes of flown airfreight in the first half of 2008 representing a gain of approximately 4 per cent over the previous year. Four-fifths of all airfreight at Munich Airport was carried as co-loaded (belly) freight on passenger flights, and 80 per cent of that amount was carried on long-haul routes. The highest absolute gains were posted on flights to and from Korea,the US, Thailand, South Africa, China … [Read more...] about Munich Airport sees strong 1H 2008
