Courier & Mail

  • OECD cuts China’s growth figure again

    The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD’s previous forecast, made in November, was 8 per cent, but...... Read More
  • FedEx says global recession bottomed out

    “We have probably hit the bottom,” said industry stalwart Fred Smith, chairman, president and CEO of FedEx Corporation while announcing the global express company’s latest quarterly earnings last week. FedEx’s overall group revenue for the quarter ended 28 February...... Read More
  • Congressional report questions TSA scan plan

    The ambitious plan by the US Transportation Security Administration to screen all 3.5 million tonnes of cargo transported annually on passenger airliners in the US may come up short, according to a report by Congress’ Government Accountability Office (GAO)....... Read More
  • India’s newest cargo carrier to take off in May

    India’s newest cargo carrier to take off in May Defying the global air cargo slowdown, GR Gopinath, founder of budget carrier Air Deccan, is planning to start operations of his cargo airline in May. His company, Deccan Cargo Express...... Read More
  • DHL in talks with ABX and ASTAR in US

    DHL has opened discussions with ABX Air and ASTAR Air Cargo about the possibility of taking over its domestic US operations out of Wilmington, according to an Associated Press report. Following the announcement last November by Deutsche Post, that...... Read More
  • Chinese exports plunge 26% in February

    China’s exports declined 25.7 percent year-on-year in February, the fourth straight monthly decline, according to China’s General Administration of Customs. Total foreign trade was US$124.95 billion in February, down 24.9 per cent year-on-year. Total Chinese exports in February amounted...... Read More
  • Cargo crime to jump as crisis deepens

    The global economic downturn will lead to an increase in incidents of cargo crime in 2009, warns the Transported Asset Protection Association (TAPA). The latest statistics from the association’s Incident Information Service (IIS) for the Europe, Middle East and...... Read More
  • China’s cargo traffic down 28% in Feb

    China’s air cargo traffic volume declined 28 per cent year-on-year in February due to the deepening global economic crisis, Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC), said according to a report.... Read More
  • Industry has not yet hit bottom~ IATA

    Industry has not yet hit bottom: IATA Continued falling cargo demand has led the International Air Transport Association (IATA) to urge the cargo supply chain to improve security and efficiency to deliver a more enticing product. In remarks delivered...... Read More
  • Cargo exec says industry kidding itself

    Air cargo management must “strip the veils of illusion from their eyes” in combating the worst recession since the industry began 60 years ago, according to industry stalwart Julian Keeling. Keeling said these illusions included the near obsession with...... Read More