Posted 04/07 · 08:50 AM · LM EditorialUPS said that 69 percent of the 1,136 IBT members that voted approved the contract which covers 1,200 aircraft maintenance technicians and employees in related trades at UPS, by a 69 percent to 31 percent margin.
Posted 04/03 · 08:49 PM · LM EditorialOne must wonder why The European Commission would welcome last week’s World Trade Organization’s final case ruling on subsidies, as it clearly favors Boeing over Airbus. Still, a proud face was put up by the EU members, who maintain that Boeing has received subsidies in the past and continues to receive them today.
Posted 04/01 · 03:05 AM · LM EditorialLeading trucking company CEOs say it’s time to pay down debt and put profit to work to recapitalize their businesses - all at a time of tightening capacity. For shippers, the days of rock bottom rates could be long gone.
Posted 03/29 · 08:50 AM · LM EditorialFedEx Express launched a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. And UPS launched four direct flights from Hong Kong to Europe this week, which, it said, enables the company to offer the widest next-day delivery package for packages and heavy freight to Europe from Hong Kong.
Posted 03/29 · 07:49 AM · LM EditorialThe International Air Transport Association today announced scheduled international traffic for February 2011 showing increases of 2.3 percent for cargo demand compared to February 2010.
Posted 03/17 · 11:46 AM · LM EditorialNet income for the quarter—at $231 million—was down 3 percent from last year’s $239 million, but quarterly revenue at $9.66 billion was up 11 percent from last year’s $8.70 billion. Operating income—at $393 million—was down 6 percent year-over-year.
Posted 03/16 · 09:14 AM · LM EditorialWith the closing of three Japanese ports — Sendai, Hitachinaka and Kashima — some U.S. manufacturers and retailers may be opting for air cargo alternatives to meet shipping and sourcing deadlines.
Posted 03/11 · 01:16 PM · LM EditorialU.S. West Coast seaports and airports remain on high alert today, following the devastating earthquake that struck Japan on Friday
Posted 03/10 · 05:43 PM · LM EditorialAs the Airforwarders Association annual conference gets underway in San Diego today, the industry continues to focus on the Pacific Rim
Posted 03/03 · 06:45 PM · LM EditorialAs widely anticipated, the International Air Transport Association announced a cut in its forecast for airline industry profits