Japan's Fair Trade Commission has notified more than 10 companies that they will be fined about ¥10 billion (US$103.2 million) for operating a cartel on international air cargo services. The FTC believes that the companies, including major distribution and logistics companies Nippon Express Co., Kintetsu World Express Inc. and Yusen Air & Sea Service Co., constrained fair competition by forming a cartel that added fuel surcharges and airport security charges to their air cargo service … [Read more...] about Global cargo cartel fallout lands in Japan
Japan
Kintetsu profit declines
Kintetsu World Express, Japan's second-largest international forwarder, said it suffered a drop in profit on a consolidated basis between April and December from a year earlier despite revenue growth. Group operating revenue during the first three quarters of fiscal 2008 totaled Â¥221.634 billion yen (US$2.42 billion), up 4 per cent on-year. But group operating, ordinary and net profits all fell because of repeated hikes in fuel surcharges and a sharp decline in the volume of air cargo volumes … [Read more...] about Kintetsu profit declines
NCA returns to NY
Nippon Cargo Airlines is returning to New York's JFK airport, making it the only airline to provide direct freighter service between New York and Tokyo. The service was suspended in August due to skyrocketing fuel prices and limited capacity. Customer demand has increased recently, said the airline. Despite lower fuel prices, however, "the international air cargo market remains extremely harsh," NCA said in a statement. … [Read more...] about NCA returns to NY
Japan : Japanese carriers drop NY freighter service
Direct maindeck cargo capacity between Japan and New York will be nonexistent come this January as NCA and JAL cargo both scale back transpacificcapacity. Nippon Cargo Airlines stopped flying to Kennedy International Airport in August, and now serves the New York market with trucks running between JFK and Chicago. Japan Airlines cut back its freighter service to New York from five flights a week to four from late October and will drop its all-cargo service to New York completely at the end … [Read more...] about Japan : Japanese carriers drop NY freighter service
Singapore: New air services agreement for Singapore, Japan
Singapore and Japan recently announced an expanded air services agreement that will nearly double the number of passenger flights Singaporeanairlines can operate to Tokyo and also allow carriers from both nations tooperate unlimited passenger and cargoflights between Singapore and all citiesin Japan other than Tokyo. Under the agreement, according to the Civil Aviation Authority of Singapore, Singaporean carriers will be allowed to operate four daily flights between Singapore and Tokyo Haneda … [Read more...] about Singapore: New air services agreement for Singapore, Japan
