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Grand Power cancels equity plan

: Latest News; Friday, 11 July 2008

Grand Power Logistics Group has cancelled its previously-announced private placement equity financing due to current market conditions.

FedEx finalists ready for Malaysia

: Latest News; Friday, 11 July 2008

FedEx and Young Achievement Australia have announced the three Australian finalists of the 2008 FedEx Express/ Young Achievement Australia/Junior Achievement International Trade Challenge. The three two-member teams will represent Australia at the international final to be held in Kuala Lumpur, Malaysia, from July 29 to 01 August, competing against teams from South Korea, Hong Kong, Japan, Singapore and the host country, Malaysia.

Airlines forced to pay for new EU emissions trading scheme

: Latest News; Friday, 11 July 2008

IATA has slammed the European Parliament vote to bring aviation into the European Emissions Trading Scheme (ETS).

Airlines slam EU greenhouse plan

: Latest News; Thursday, 10 July 2008

Global airlines have warned investment in new and more fuel-efficient aircraft could be pruned back after European lawmakers gave the go-ahead to a deal forcing the industry to start paying for greenhouse gas emissions in four years' time.

New Bangkok facility for TNT

: Latest News; Thursday, 10 July 2008

TNT Express has launched its new international and domestic road hub in Bangkok, Thailand. Designed to handle heavy freight, the new road hub is part of the company's strategy to leverage the soaring demand for freight express services between Southeast Asia, China and Europe to grow its business in the region.

Charity drive by Northline

: Latest News; Wednesday, 09 July 2008

National freight company Northline is celebrating 25 years of delivering freight in Australia's NT with a major fundraising initiative in Darwin and sponsorship of four races in the Darwin Cup Carnival at Fannie Bay racecourse on July 26.

WFS wins Asiana handling contract

: Latest News; Wednesday, 09 July 2008

Worldwide Flight Services (WFS) has won a tender to provide cargo, ramp and passenger handling services for Asiana Airlines in France. The South Korean airline launched services between Seoul and Paris at the end of March this year. It now operates three B777 flights a week from Paris CDG to Seoul, every Monday, Wednesday and Friday. As well as providing passenger and ramp services, WFS expects to handle some 3,600 tons of cargo for the airline in its first year of operation.

DoT refuses major US carrier requests

: Latest News; Wednesday, 09 July 2008

The US Department of Transportation (DoT) has refused a request – made because of the impact of rising fuel costs and uncertain economic conditions - from major US airlines to let them downscale services on selected routes without losing traffic rights.

Colombia gives Lan cargo okay

: Latest News; Wednesday, 09 July 2008

Colombia, the largest air cargo market in Latin America ranked by exports to the United States, has granted Chilean airline Lan rights to set up a freight carrier.