Business
Korean Air recorded an operating profit for a fifth consecutive quarter thanks to its efforts to boost cargo operations and reduce costs. Compared to Q2 2020, revenue increased 16% and operating profit rose by 31%.The cargo business achieved the highest revenue in the airline’s history. Its strong performance can be attributed to the increase in company restocking demands in preparation for the economy’s recovery and rise in emergency supply shipments ...
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The Port Freeport Commission has approved the Fiscal Year 2022 budget and passed a resolution to adopt a tax rate of $0.040000 which is less than the No New Revenue Tax Rate of$0.040080. The new total tax rate of $0.040000 includes $0.016606 dedicated to debt ...
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The Port of Virginia® in August processed more than 307,000 TEUs, making it the busiest August on record and the port’s second most productive month in its history.The combination of modern terminals and an experienced operating team are combining for success and ongoing efficiency, said ...
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SAL, Saudi Logistics Services company, signed an agreement with Gulf Air – the Kingdom of Bahrain’s national carrier – to provide ground handling solutions to their fleet at all KSA main airports. The Saudi company said that this 7-year agreement is another step towards enhancing ...
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cargo-partner has renewed its contract with CHAMP for its Traxon cargoHUB community. The forwarder has benefitted from access to the largest air cargo community, with digital access to thousands of stakeholders throughout the supply chain, enabling doing business with all community players via a single ...
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The Port of New Orleans (Port NOLA) container vessel operations resumed Sept. 7, 2021, just nine days after Hurricane Ida made landfall in southeast Louisiana as a category 4 storm. The first two ships worked at the Napoleon Avenue Container Terminal were the MSC Charleston ...
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AirBridgeCargo Airlines (ABC) has awarded a 10-year cargo handling contract to Worldwide Flight Services (WFS) in Liege, further extending the all-cargo airline’s global strategic partnership with WFS, the world’s largest air cargo handler.
Under the terms of the new contract, as well as handling import and ...
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Resilient international demand for air cargo capacity in August versus a shortfall in supply pushed average global air cargo rates up 112% to their pre-Covid level as a local lockdown in Vietnam and the closure of cargo handling terminals at Shanghai Pudong International Airport after ...
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Emirates will receive three more A380 aircraft from Airbus this year with its last unit on order scheduled to join its fleet in November, bringing forward the original deliverytimeline from June 2022.
These deliveries will bring Emirates’ total fleet of A380s to 118 units in November.
As ...
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The Oregon International Port of Coos Bay announced on September 1 that it has partnered with NorthPoint Developmentto construct a multimodal container facility on the North Spit. The Port and NorthPoint have entered into a Memorandum of Understanding (MOU) for the project, with the intention ...
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