The results of Transport Intelligence’s latest Global Logistics Business Confidence Index show a significant return of optimism to the market. Although the index weakened slightly in April from +1.05 to -4.43, there was far more positive sentiment about the future. Overall the index assessing confidence in the state of the market in twelve months time moved from a score of -26 in February to +4 in April. This contrasts strongly with the results in February and March when respondents … [Read more...] about Logistics survey provides glimmer of hope
Airports
BAA accuses competition authorities of bias
UK airports operator BAA has said it will appeal the UK Competition Commission's ruling that it must sell both London Gatwick and Stansted and either Edinburgh or Glasgow International, claiming the decision was both "affected by apparent bias" and failed to account for the current economic climate. … [Read more...] about BAA accuses competition authorities of bias
US cargo traffic decline steady
US airlines saw air cargo traffic - as measured by revenue ton miles - decline 21 per cent year-on-year in March 2009, according to the latest statistics available from the Air Transport Association of America (ATA). The decline matches that measured in January and February and marks the eighth consecutive month of declining cargo traffic. Notably, cargo traffic in the Pacific region fell 28 per cent. Passenger numbers and revenue for April both fell – 6.3 per cent and 18 per cent … [Read more...] about US cargo traffic decline steady
HK’s April volumes steady, still a concern
April air cargo volumes at Hong Kong International Airport fell 19.8 per cent year-on-year in April to 257,000 tonnes, according to Hong Kong's Airport Authority. The authority's CEO, Stanley Hui said that while the decline in cargo volumes had remained steady at around -20 per cent in each of the last three months, better than the 30 per cent plunge experienced in December and January, the ongoing downturn was still a concern. … [Read more...] about HK’s April volumes steady, still a concern
India’s air cargo free-fall bottoms out
Indian domestic air cargo traffic has halted its sharp decline, with March figures showing a decline of only 2.4 per cent compared to nearly an 11 per cent drop in February, according to the Airports Authority of India (AAI). Overall, total freight traffic - international and domestic - handled at all Indian airports decreased by 4.5 per cent in March 2009 compared to the same month a year earlier. International freight traffic registered a decrease of 5.5 per cent during March. … [Read more...] about India’s air cargo free-fall bottoms out
Japan airport stake up for sale
Macquarie Airports, a fund managed by Australia's biggest investment bank Macquarie Group, has offered to sell its 15 per cent holding in Japan Airport Terminal (JAT), Reuters reported. JAT manages Tokyo International Airport and also operates merchandise, food and beverage businesses at other airports in Japan at Narita and Kansai. Macquarie said it was offering to sell the stake back to JAT, as part of JAT's tender offer to buy back a total 22 per cent of its own shares at US$10.38 each. If … [Read more...] about Japan airport stake up for sale